GPAIX vs. EBSAX
Compare and contrast key facts about Grant Park Multi Alternative Strategies Fund (GPAIX) and Campbell Systematic Macro Fund Class A Shares (EBSAX).
GPAIX is managed by Grant Park. It was launched on Dec 30, 2013. EBSAX is managed by Campbell & Company. It was launched on Mar 4, 2013.
Performance
GPAIX vs. EBSAX - Performance Comparison
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GPAIX vs. EBSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GPAIX Grant Park Multi Alternative Strategies Fund | 1.93% | 12.24% | 1.33% | 4.02% | -1.88% | 5.70% | 5.80% |
EBSAX Campbell Systematic Macro Fund Class A Shares | 7.79% | -1.34% | 11.28% | -2.11% | 30.56% | 8.90% | 4.88% |
Returns By Period
In the year-to-date period, GPAIX achieves a 1.93% return, which is significantly lower than EBSAX's 7.79% 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%
EBSAX
- 1D
- 0.10%
- 1M
- 3.00%
- YTD
- 7.79%
- 6M
- 4.61%
- 1Y
- 0.91%
- 3Y*
- 3.76%
- 5Y*
- 9.34%
- 10Y*
- —
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GPAIX vs. EBSAX - Expense Ratio Comparison
GPAIX has a 1.43% expense ratio, which is lower than EBSAX's 2.00% expense ratio.
Return for Risk
GPAIX vs. EBSAX — Risk / Return Rank
GPAIX
EBSAX
GPAIX vs. EBSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grant Park Multi Alternative Strategies Fund (GPAIX) and Campbell Systematic Macro Fund Class A Shares (EBSAX). 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 | EBSAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 0.18 | +1.34 |
Sortino ratioReturn per unit of downside risk | 2.06 | 0.30 | +1.76 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.04 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 2.16 | 0.20 | +1.97 |
Martin ratioReturn relative to average drawdown | 7.36 | 0.33 | +7.03 |
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 | EBSAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.18 | +1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.98 | -0.33 |
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 | 1.12 | -0.43 |
Correlation
The correlation between GPAIX and EBSAX is 0.35, 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. EBSAX - Dividend Comparison
GPAIX's dividend yield for the trailing twelve months is around 3.38%, more than EBSAX's 2.78% 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% |
EBSAX Campbell Systematic Macro Fund Class A Shares | 2.78% | 3.00% | 2.59% | 1.45% | 15.15% | 7.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GPAIX vs. EBSAX - Drawdown Comparison
The maximum GPAIX drawdown since its inception was -17.16%, which is greater than EBSAX's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for GPAIX and EBSAX.
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Drawdown Indicators
| GPAIX | EBSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.16% | -11.15% | -6.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.01% | -7.59% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -9.13% | -11.15% | +2.02% |
Max Drawdown (10Y)Largest decline over 10 years | -17.16% | — | — |
Current DrawdownCurrent decline from peak | -5.61% | 0.00% | -5.61% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -3.23% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 4.55% | -2.78% |
Volatility
GPAIX vs. EBSAX - Volatility Comparison
The current volatility for Grant Park Multi Alternative Strategies Fund (GPAIX) is 2.62%, while Campbell Systematic Macro Fund Class A Shares (EBSAX) has a volatility of 3.09%. This indicates that GPAIX experiences smaller price fluctuations and is considered to be less risky than EBSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPAIX | EBSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.09% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 6.29% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.57% | 8.64% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 9.61% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.21% | 9.53% | -2.32% |