PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
GPAIX vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GPAIX and SPY is 0.42, 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.


-0.50.00.51.0
Correlation: 0.4

Performance

GPAIX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grant Park Multi Alternative Strategies Fund (GPAIX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

50.00%100.00%150.00%200.00%250.00%300.00%NovemberDecember2025FebruaryMarchApril
39.65%
233.00%
GPAIX
SPY

Key characteristics

Sharpe Ratio

GPAIX:

-0.16

SPY:

-0.09

Sortino Ratio

GPAIX:

-0.17

SPY:

-0.02

Omega Ratio

GPAIX:

0.98

SPY:

1.00

Calmar Ratio

GPAIX:

-0.15

SPY:

-0.09

Martin Ratio

GPAIX:

-0.39

SPY:

-0.45

Ulcer Index

GPAIX:

2.86%

SPY:

3.31%

Daily Std Dev

GPAIX:

6.87%

SPY:

15.87%

Max Drawdown

GPAIX:

-17.16%

SPY:

-55.19%

Current Drawdown

GPAIX:

-5.21%

SPY:

-17.32%

Returns By Period

In the year-to-date period, GPAIX achieves a -0.10% return, which is significantly higher than SPY's -13.53% return. Over the past 10 years, GPAIX has underperformed SPY with an annualized return of 1.65%, while SPY has yielded a comparatively higher 11.25% annualized return.


GPAIX

YTD

-0.10%

1M

-1.78%

6M

-0.83%

1Y

-1.11%

5Y*

1.82%

10Y*

1.65%

SPY

YTD

-13.53%

1M

-13.08%

6M

-11.25%

1Y

-0.26%

5Y*

17.01%

10Y*

11.25%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


GPAIX vs. SPY - Expense Ratio Comparison

GPAIX has a 1.43% expense ratio, which is higher than SPY's 0.09% expense ratio.


GPAIX
Grant Park Multi Alternative Strategies Fund
Expense ratio chart for GPAIX: current value is 1.43%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GPAIX: 1.43%
Expense ratio chart for SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%

Risk-Adjusted Performance

GPAIX vs. SPY — Risk-Adjusted Performance Rank

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

GPAIX
The Risk-Adjusted Performance Rank of GPAIX is 3535
Overall Rank
The Sharpe Ratio Rank of GPAIX is 3636
Sharpe Ratio Rank
The Sortino Ratio Rank of GPAIX is 3333
Sortino Ratio Rank
The Omega Ratio Rank of GPAIX is 3434
Omega Ratio Rank
The Calmar Ratio Rank of GPAIX is 3333
Calmar Ratio Rank
The Martin Ratio Rank of GPAIX is 3737
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 2121
Overall Rank
The Sharpe Ratio Rank of SPY is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 2121
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 2121
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 2222
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 2020
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

GPAIX vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Grant Park Multi Alternative Strategies Fund (GPAIX) and SPDR S&P 500 ETF (SPY). 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.


Sharpe ratio
The chart of Sharpe ratio for GPAIX, currently valued at -0.16, compared to the broader market-1.000.001.002.003.004.00
GPAIX: -0.16
SPY: -0.09
The chart of Sortino ratio for GPAIX, currently valued at -0.17, compared to the broader market-2.000.002.004.006.008.0010.00
GPAIX: -0.17
SPY: -0.02
The chart of Omega ratio for GPAIX, currently valued at 0.98, compared to the broader market0.501.001.502.002.503.003.50
GPAIX: 0.98
SPY: 1.00
The chart of Calmar ratio for GPAIX, currently valued at -0.15, compared to the broader market0.005.0010.0015.00
GPAIX: -0.15
SPY: -0.09
The chart of Martin ratio for GPAIX, currently valued at -0.39, compared to the broader market0.0020.0040.0060.00
GPAIX: -0.39
SPY: -0.45

The current GPAIX Sharpe Ratio is -0.16, which is lower than the SPY Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of GPAIX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
-0.16
-0.09
GPAIX
SPY

Dividends

GPAIX vs. SPY - Dividend Comparison

GPAIX's dividend yield for the trailing twelve months is around 2.01%, more than SPY's 1.42% yield.


TTM20242023202220212020201920182017201620152014
GPAIX
Grant Park Multi Alternative Strategies Fund
2.01%2.01%1.98%2.71%4.88%0.60%11.53%0.00%0.00%1.92%0.76%3.24%
SPY
SPDR S&P 500 ETF
1.42%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

GPAIX vs. SPY - Drawdown Comparison

The maximum GPAIX drawdown since its inception was -17.16%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GPAIX and SPY. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-5.21%
-17.32%
GPAIX
SPY

Volatility

GPAIX vs. SPY - Volatility Comparison

The current volatility for Grant Park Multi Alternative Strategies Fund (GPAIX) is 1.77%, while SPDR S&P 500 ETF (SPY) has a volatility of 9.29%. This indicates that GPAIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%NovemberDecember2025FebruaryMarchApril
1.77%
9.29%
GPAIX
SPY
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2025 PortfoliosLab