GIMMX vs. QSPNX
Compare and contrast key facts about Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) and AQR Style Premia Alternative Fund Class N (QSPNX).
GIMMX is managed by Goldman Sachs. It was launched on Apr 29, 2013. QSPNX is an actively managed fund by AQR. It was launched on Oct 30, 2013.
Performance
GIMMX vs. QSPNX - Performance Comparison
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GIMMX vs. QSPNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIMMX Goldman Sachs Multi-Manager Alternatives Fund | 0.28% | 15.44% | -4.85% | 2.78% | -4.72% | 6.14% | 6.45% | 7.60% | -3.51% | -0.19% |
QSPNX AQR Style Premia Alternative Fund Class N | 9.85% | 14.35% | 21.33% | 12.14% | 30.40% | 24.63% | -22.17% | -8.35% | -12.60% | 11.74% |
Returns By Period
In the year-to-date period, GIMMX achieves a 0.28% return, which is significantly lower than QSPNX's 9.85% return. Over the past 10 years, GIMMX has underperformed QSPNX with an annualized return of 2.80%, while QSPNX has yielded a comparatively higher 6.77% annualized return.
GIMMX
- 1D
- 0.84%
- 1M
- -2.25%
- YTD
- 0.28%
- 6M
- 1.94%
- 1Y
- 9.92%
- 3Y*
- 4.34%
- 5Y*
- 2.87%
- 10Y*
- 2.80%
QSPNX
- 1D
- -0.11%
- 1M
- 3.08%
- YTD
- 9.85%
- 6M
- 12.90%
- 1Y
- 12.64%
- 3Y*
- 19.61%
- 5Y*
- 18.57%
- 10Y*
- 6.77%
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GIMMX vs. QSPNX - Expense Ratio Comparison
GIMMX has a 1.93% expense ratio, which is lower than QSPNX's 6.14% expense ratio.
Return for Risk
GIMMX vs. QSPNX — Risk / Return Rank
GIMMX
QSPNX
GIMMX vs. QSPNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) and AQR Style Premia Alternative Fund Class N (QSPNX). 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 | QSPNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 1.35 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.70 | 1.85 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.35 | 1.68 | +0.66 |
Martin ratioReturn relative to average drawdown | 7.38 | 5.06 | +2.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GIMMX | QSPNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.35 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 1.17 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.53 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.59 | -0.19 |
Correlation
The correlation between GIMMX and QSPNX is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GIMMX vs. QSPNX - Dividend Comparison
GIMMX's dividend yield for the trailing twelve months is around 8.35%, more than QSPNX's 2.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIMMX Goldman Sachs Multi-Manager Alternatives Fund | 8.35% | 8.38% | 5.08% | 3.43% | 0.42% | 0.00% | 0.00% | 0.97% | 0.00% | 0.00% | 1.83% | 0.72% |
QSPNX AQR Style Premia Alternative Fund Class N | 2.18% | 2.39% | 6.80% | 23.73% | 22.62% | 12.61% | 0.00% | 1.63% | 0.51% | 6.81% | 1.75% | 5.68% |
Drawdowns
GIMMX vs. QSPNX - Drawdown Comparison
The maximum GIMMX drawdown since its inception was -12.67%, smaller than the maximum QSPNX drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for GIMMX and QSPNX.
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Drawdown Indicators
| GIMMX | QSPNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.67% | -41.79% | +29.12% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -7.78% | +3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -12.67% | -17.17% | +4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -12.67% | -41.79% | +29.12% |
Current DrawdownCurrent decline from peak | -3.38% | -0.21% | -3.17% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -9.72% | +5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 2.74% | -1.41% |
Volatility
GIMMX vs. QSPNX - Volatility Comparison
Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) and AQR Style Premia Alternative Fund Class N (QSPNX) have volatilities of 2.60% and 2.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIMMX | QSPNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 2.64% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.52% | 6.59% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 10.11% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 15.93% | -10.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 12.76% | -7.31% |