GPAIX vs. DYMIX

Last updated Apr 1, 2026

Compare and contrast key facts about Grant Park Multi Alternative Strategies Fund (GPAIX) and Dynamic Alpha Macro Fund Institutional (DYMIX).

GPAIX is managed by Grant Park. It was launched on Dec 30, 2013. DYMIX is an actively managed fund by Dynamic Alpha Funds. It was launched on Jul 31, 2023.

Performance

GPAIX vs. DYMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grant Park Multi Alternative Strategies Fund (GPAIX) and Dynamic Alpha Macro Fund Institutional (DYMIX). The values are adjusted to include any dividend payments, if applicable.

GPAIX vs. DYMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GPAIX Grant Park Multi Alternative Strategies Fund	1.93%	12.24%	1.33%	5.44%
DYMIX Dynamic Alpha Macro Fund Institutional	3.29%	25.51%	18.38%	11.33%

Returns By Period

In the year-to-date period, GPAIX achieves a 1.93% return, which is significantly lower than DYMIX's 3.29% 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%

DYMIX

• 1D: -0.56%
• 1M: -12.95%
• YTD: 3.29%
• 6M: 5.79%
• 1Y: 25.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GPAIX vs. DYMIX - Expense Ratio Comparison

GPAIX has a 1.43% expense ratio, which is lower than DYMIX's 1.98% expense ratio.

DYMIX

Dynamic Alpha Macro Fund Institutional

GPAIX

Grant Park Multi Alternative Strategies Fund

Return for Risk

GPAIX vs. DYMIX — Risk / Return Rank

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

GPAIX

GPAIX Risk / Return Rank: 80
GPAIX Sharpe Ratio Rank: 81
GPAIX Sortino Ratio Rank: 81
GPAIX Omega Ratio Rank: 74
GPAIX Calmar Ratio Rank: 85
GPAIX Martin Ratio Rank: 77

DYMIX

DYMIX Risk / Return Rank: 81
DYMIX Sharpe Ratio Rank: 85
DYMIX Sortino Ratio Rank: 85
DYMIX Omega Ratio Rank: 76
DYMIX Calmar Ratio Rank: 82
DYMIX Martin Ratio Rank: 76

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.

GPAIX vs. DYMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grant Park Multi Alternative Strategies Fund (GPAIX) and Dynamic Alpha Macro Fund Institutional (DYMIX). 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	DYMIX	Difference
Sharpe ratio Return per unit of total volatility	1.52	1.62	-0.10
Sortino ratio Return per unit of downside risk	2.06	2.22	-0.16
Omega ratio Gain probability vs. loss probability	1.28	1.29	-0.01
Calmar ratio Return relative to maximum drawdown	2.16	1.99	+0.18
Martin ratio Return relative to average drawdown	7.36	7.32	+0.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPAIX vs. DYMIX - Sharpe Ratio Comparison

The current GPAIX Sharpe Ratio is 1.52, which is comparable to the DYMIX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of GPAIX and DYMIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GPAIX	DYMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	1.62	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	1.67	-0.98

Correlation

The correlation between GPAIX and DYMIX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GPAIX vs. DYMIX - Dividend Comparison

GPAIX's dividend yield for the trailing twelve months is around 3.38%, less than DYMIX's 6.60% 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%
DYMIX Dynamic Alpha Macro Fund Institutional	6.60%	6.82%	7.12%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GPAIX vs. DYMIX - Drawdown Comparison

The maximum GPAIX drawdown since its inception was -17.16%, which is greater than DYMIX's maximum drawdown of -12.95%. Use the drawdown chart below to compare losses from any high point for GPAIX and DYMIX.

Drawdown Indicators

	GPAIX	DYMIX	Difference
Max Drawdown Largest peak-to-trough decline	-17.16%	-12.95%	-4.21%
Max Drawdown (1Y) Largest decline over 1 year	-6.01%	-12.95%	+6.94%
Max Drawdown (5Y) Largest decline over 5 years	-9.13%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-17.16%	—	—
Current Drawdown Current decline from peak	-5.61%	-12.95%	+7.34%
Average Drawdown Average peak-to-trough decline	-4.21%	-3.28%	-0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	3.52%	-1.75%

Volatility

GPAIX vs. DYMIX - Volatility Comparison

The current volatility for Grant Park Multi Alternative Strategies Fund (GPAIX) is 2.62%, while Dynamic Alpha Macro Fund Institutional (DYMIX) has a volatility of 4.68%. This indicates that GPAIX experiences smaller price fluctuations and is considered to be less risky than DYMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPAIX	DYMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	4.68%	-2.06%
Volatility (6M) Calculated over the trailing 6-month period	6.84%	11.99%	-5.15%
Volatility (1Y) Calculated over the trailing 1-year period	8.57%	15.64%	-7.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.46%	14.75%	-8.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.21%	14.75%	-7.54%