GIMMX vs. FSLTX

Last updated Jun 4, 2026

GIMMX (Goldman Sachs Multi-Manager Alternatives Fund) and FSLTX (Strategic Advisers Alternatives Fund) are both Multistrategy funds. Over the past 3 years, GIMMX returned 7.10%/yr vs 8.72%/yr for FSLTX. At a 0.05 correlation, their price movements are largely independent. GIMMX charges 1.93%/yr vs 1.56%/yr for FSLTX.

Performance

GIMMX vs. FSLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) and Strategic Advisers Alternatives Fund (FSLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GIMMX achieves a 7.76% return, which is significantly higher than FSLTX's 5.58% return.

GIMMX

• 1D: 0.34%
• 1M: 2.37%
• YTD: 7.76%
• 6M: 8.32%
• 1Y: 16.60%
• 3Y*: 7.10%
• 5Y*: 3.72%
• 10Y*: 3.41%

FSLTX

• 1D: 0.10%
• 1M: 1.46%
• YTD: 5.58%
• 6M: 6.53%
• 1Y: 10.16%
• 3Y*: 8.72%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GIMMX vs. FSLTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GIMMX Goldman Sachs Multi-Manager Alternatives Fund	7.76%	15.44%	-4.85%	2.24%
FSLTX Strategic Advisers Alternatives Fund	5.58%	7.69%	10.10%	1.68%

Correlation

The correlation between GIMMX and FSLTX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.05

Over the past year, GIMMX and FSLTX have become more correlated (0.30) than their long-term average of 0.05, meaning their price movements have been converging.

Return for Risk

GIMMX vs. FSLTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GIMMX

GIMMX Risk / Return Rank: 58
GIMMX Sharpe Ratio Rank: 46
GIMMX Sortino Ratio Rank: 44
GIMMX Omega Ratio Rank: 52
GIMMX Calmar Ratio Rank: 84
GIMMX Martin Ratio Rank: 64

FSLTX

FSLTX Risk / Return Rank: 99
FSLTX Sharpe Ratio Rank: 100
FSLTX Sortino Ratio Rank: 99
FSLTX Omega Ratio Rank: 99
FSLTX Calmar Ratio Rank: 99
FSLTX Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GIMMX vs. FSLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) and Strategic Advisers Alternatives Fund (FSLTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GIMMX	FSLTX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	5.59	-3.62
Sortino ratio: Return per unit of downside risk	2.80	9.08	-6.28
Omega ratio: Gain probability vs. loss probability	1.40	2.66	-1.27
Calmar ratio: Return relative to maximum drawdown	3.95	12.15	-8.19
Martin ratio: Return relative to average drawdown	12.68	56.32	-43.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GIMMX vs. FSLTX - Sharpe Ratio Comparison

The current GIMMX Sharpe Ratio is 1.98, which is lower than the FSLTX Sharpe Ratio of 5.59. The chart below compares the historical Sharpe Ratios of GIMMX and FSLTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GIMMX	FSLTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	5.59	-3.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	1.63	-1.13

Drawdowns

GIMMX vs. FSLTX - Drawdown Comparison

The maximum GIMMX drawdown since its inception was -12.67%, which is greater than FSLTX's maximum drawdown of -3.78%. Use the drawdown chart below to compare losses from any high point for GIMMX and FSLTX.

Drawdown Indicators

	GIMMX	FSLTX	Difference
Max Drawdown Largest peak-to-trough decline	-12.67%	-3.78%	-8.89%
Max Drawdown (1Y) Largest decline over 1 year	-4.18%	-1.00%	-3.18%
Max Drawdown (3Y) Largest decline over 3 years	-10.74%	-3.78%	-6.96%
Max Drawdown (5Y) Largest decline over 5 years	-12.67%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-12.67%	—	—
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-4.19%	-0.60%	-3.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.31%	0.35%	+0.96%

Volatility

GIMMX vs. FSLTX - Volatility Comparison

Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) has a higher volatility of 1.41% compared to Strategic Advisers Alternatives Fund (FSLTX) at 0.53%. This indicates that GIMMX's price experiences larger fluctuations and is considered to be riskier than FSLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIMMX	FSLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	0.53%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	5.75%	1.55%	+4.20%
Volatility (1Y) Calculated over the trailing 1-year period	8.37%	2.17%	+6.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.83%	4.89%	+0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.46%	4.89%	+0.57%

GIMMX vs. FSLTX - Expense Ratio Comparison

GIMMX has a 1.93% expense ratio, which is higher than FSLTX's 1.56% expense ratio.

Dividends

GIMMX vs. FSLTX - Dividend Comparison

GIMMX's dividend yield for the trailing twelve months is around 7.77%, more than FSLTX's 5.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSLTX Strategic Advisers Alternatives Fund	5.21%	5.50%	7.52%	3.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GIMMX Goldman Sachs Multi-Manager Alternatives Fund	7.77%	8.38%	5.08%	3.43%	0.42%	0.00%	0.00%	0.97%	0.00%	0.00%	1.83%	0.72%

Frequently Asked Questions

Can I hold both GIMMX and FSLTX in my portfolio?

GIMMX and FSLTX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GIMMX or FSLTX?

GIMMX has higher volatility (1.41%) compared to FSLTX (0.53%). In terms of maximum drawdown, GIMMX dropped -12.67% vs FSLTX's -3.78%.

Which has better risk-adjusted returns?

FSLTX currently has the higher Sharpe Ratio (5.59 vs 1.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.