GIMMX vs. QSPRX
GIMMX (Goldman Sachs Multi-Manager Alternatives Fund) and QSPRX (AQR Style Premia Alternative R6) are both Multistrategy funds. Over the past 10 years, GIMMX returned 3.14%/yr vs 7.36%/yr for QSPRX. At a correlation of -0.01, they often move in opposite directions. GIMMX charges 1.93%/yr vs 5.79%/yr for QSPRX.
Performance
GIMMX vs. QSPRX - Performance Comparison
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Returns By Period
In the year-to-date period, GIMMX achieves a 6.19% return, which is significantly lower than QSPRX's 12.28% return. Over the past 10 years, GIMMX has underperformed QSPRX with an annualized return of 3.14%, while QSPRX has yielded a comparatively higher 7.36% annualized return.
GIMMX
- 1D
- 0.00%
- 1M
- -0.09%
- 6M
- 3.70%
- YTD
- 6.19%
- 1Y
- 13.85%
- 3Y*
- 6.29%
- 5Y*
- 3.15%
- 10Y*
- 3.14%
QSPRX
- 1D
- 0.00%
- 1M
- -1.01%
- 6M
- 13.85%
- YTD
- 12.28%
- 1Y
- 19.67%
- 3Y*
- 19.35%
- 5Y*
- 19.89%
- 10Y*
- 7.36%
GIMMX vs. QSPRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIMMX Goldman Sachs Multi-Manager Alternatives Fund | 6.19% | 15.44% | -4.85% | 2.78% | -4.72% | 6.14% | 6.45% | 7.60% | -3.51% | -0.19% |
QSPRX AQR Style Premia Alternative R6 | 12.28% | 14.94% | 21.60% | 12.50% | 30.90% | 25.14% | -21.91% | -8.10% | -12.32% | 12.18% |
Correlation
The correlation between GIMMX and QSPRX is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | -0.01 |
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Return for Risk
GIMMX vs. QSPRX — Risk / Return Rank
GIMMX
QSPRX
GIMMX vs. QSPRX - 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 R6 (QSPRX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GIMMX | QSPRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.35 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 3.82 | -0.53 |
| Martin ratioReturn relative to average drawdown | 9.86 | 10.43 | -0.56 |
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Drawdowns
GIMMX vs. QSPRX - Drawdown Comparison
The maximum GIMMX drawdown since its inception was -12.67%, smaller than the maximum QSPRX drawdown of -41.22%. Use the drawdown chart below to compare losses from any high point for GIMMX and QSPRX.
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Drawdown Indicators
| GIMMX | QSPRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.67% | -41.22% | +28.55% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -5.06% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -10.74% | -9.25% | -1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -12.67% | -17.17% | +4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -12.67% | -41.22% | +28.55% |
Current DrawdownCurrent decline from peak | -1.54% | -1.41% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -10.00% | +5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.85% | -0.46% |
Volatility
GIMMX vs. QSPRX - Volatility Comparison
The current volatility for Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) is 1.72%, while AQR Style Premia Alternative R6 (QSPRX) has a volatility of 2.74%. This indicates that GIMMX experiences smaller price fluctuations and is considered to be less risky than QSPRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIMMX | QSPRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 2.74% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 5.68% | 7.24% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.50% | 9.76% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 15.90% | -10.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 12.88% | -7.40% |
GIMMX vs. QSPRX - Expense Ratio Comparison
GIMMX has a 1.93% expense ratio, which is lower than QSPRX's 5.79% expense ratio.
Dividends
GIMMX vs. QSPRX - Dividend Comparison
GIMMX's dividend yield for the trailing twelve months is around 7.89%, more than QSPRX's 2.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIMMX Goldman Sachs Multi-Manager Alternatives Fund | 7.89% | 8.38% | 5.08% | 3.43% | 0.42% | 0.00% | 0.00% | 0.97% | 0.00% | 0.00% | 1.83% | 0.72% |
QSPRX AQR Style Premia Alternative R6 | 2.34% | 2.63% | 6.99% | 23.75% | 22.67% | 12.85% | 0.00% | 1.62% | 1.09% | 7.15% | 1.74% | 5.87% |
Frequently Asked Questions
GIMMX and QSPRX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QSPRX has higher volatility (2.74%) compared to GIMMX (1.72%). In terms of maximum drawdown, GIMMX dropped -12.67% vs QSPRX's -41.22%.
QSPRX currently has the higher Sharpe Ratio (2.00 vs 1.62), 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.
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