GPAIX vs. DVRIX
Compare and contrast key facts about Grant Park Multi Alternative Strategies Fund (GPAIX) and MFS Global Alternative Strategy Fund (DVRIX).
GPAIX is managed by Grant Park. It was launched on Dec 30, 2013. DVRIX is managed by MFS. It was launched on Dec 19, 2007.
Performance
GPAIX vs. DVRIX - Performance Comparison
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GPAIX vs. DVRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GPAIX Grant Park Multi Alternative Strategies Fund | 1.93% | 12.24% | 1.33% | 4.02% | -1.88% | 5.70% | 9.09% | 14.33% | -5.96% | 12.36% |
DVRIX MFS Global Alternative Strategy Fund | -0.42% | 10.87% | 9.66% | 9.22% | -5.10% | 3.67% | 4.66% | 13.01% | -0.39% | 6.40% |
Returns By Period
In the year-to-date period, GPAIX achieves a 1.93% return, which is significantly higher than DVRIX's -0.42% return. Over the past 10 years, GPAIX has underperformed DVRIX with an annualized return of 4.56%, while DVRIX has yielded a comparatively higher 4.85% annualized return.
GPAIX
- 1D
- 0.09%
- 1M
- -5.61%
- YTD
- 1.93%
- 6M
- 4.19%
- 1Y
- 13.01%
- 3Y*
- 6.78%
- 5Y*
- 4.17%
- 10Y*
- 4.56%
DVRIX
- 1D
- 0.28%
- 1M
- -2.81%
- YTD
- -0.42%
- 6M
- 0.45%
- 1Y
- 5.69%
- 3Y*
- 8.70%
- 5Y*
- 5.55%
- 10Y*
- 4.85%
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GPAIX vs. DVRIX - Expense Ratio Comparison
GPAIX has a 1.43% expense ratio, which is higher than DVRIX's 1.05% expense ratio.
Return for Risk
GPAIX vs. DVRIX — Risk / Return Rank
GPAIX
DVRIX
GPAIX vs. DVRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grant Park Multi Alternative Strategies Fund (GPAIX) and MFS Global Alternative Strategy Fund (DVRIX). 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.
| GPAIX | DVRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 1.24 | +0.28 |
Sortino ratioReturn per unit of downside risk | 2.06 | 1.72 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.65 | +0.51 |
Martin ratioReturn relative to average drawdown | 7.36 | 7.05 | +0.31 |
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
| GPAIX | DVRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.24 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.15 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.93 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.42 | +0.27 |
Correlation
The correlation between GPAIX and DVRIX is 0.34, 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
GPAIX vs. DVRIX - Dividend Comparison
GPAIX's dividend yield for the trailing twelve months is around 3.38%, more than DVRIX's 1.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPAIX Grant Park Multi Alternative Strategies Fund | 3.38% | 3.44% | 2.01% | 1.98% | 2.71% | 10.90% | 1.78% | 13.29% | 1.51% | 1.68% | 1.92% | 1.49% |
DVRIX MFS Global Alternative Strategy Fund | 1.15% | 1.15% | 1.65% | 1.15% | 0.60% | 0.60% | 0.64% | 1.14% | 1.11% | 2.17% | 2.87% | 1.15% |
Drawdowns
GPAIX vs. DVRIX - Drawdown Comparison
The maximum GPAIX drawdown since its inception was -17.16%, smaller than the maximum DVRIX drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for GPAIX and DVRIX.
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Drawdown Indicators
| GPAIX | DVRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.16% | -36.61% | +19.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.01% | -3.45% | -2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -9.13% | -9.88% | +0.75% |
Max Drawdown (10Y)Largest decline over 10 years | -17.16% | -12.80% | -4.36% |
Current DrawdownCurrent decline from peak | -5.61% | -2.81% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -4.13% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 0.81% | +0.96% |
Volatility
GPAIX vs. DVRIX - Volatility Comparison
Grant Park Multi Alternative Strategies Fund (GPAIX) has a higher volatility of 2.62% compared to MFS Global Alternative Strategy Fund (DVRIX) at 1.43%. This indicates that GPAIX's price experiences larger fluctuations and is considered to be riskier than DVRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPAIX | DVRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 1.43% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 2.69% | +4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.57% | 4.76% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 4.83% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.21% | 5.21% | +2.00% |