SRDAX vs. FSMSX
Compare and contrast key facts about Stone Ridge Diversified Alternatives Fund (SRDAX) and FS Multi-Strategy Alternatives Fund (FSMSX).
SRDAX is managed by STONE RIDGE. It was launched on Apr 29, 2020. FSMSX is managed by FS Investments. It was launched on May 15, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SRDAX or FSMSX.
Key characteristics
| SRDAX | FSMSX | |
|---|---|---|
| YTD Return | 6.29% | 3.76% |
| 1Y Return | 6.51% | 4.25% |
| 3Y Return (Ann) | 9.22% | 5.24% |
| Sharpe Ratio | 2.11 | 1.60 |
| Sortino Ratio | 3.11 | 2.25 |
| Omega Ratio | 1.44 | 1.33 |
| Calmar Ratio | 2.72 | 2.06 |
| Martin Ratio | 8.90 | 5.37 |
| Ulcer Index | 0.76% | 0.77% |
| Daily Std Dev | 3.21% | 2.60% |
| Max Drawdown | -6.33% | -9.41% |
| Current Drawdown | -0.00% | -0.70% |
Correlation
The correlation between SRDAX and FSMSX is 0.03, 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.
Performance
SRDAX vs. FSMSX - Performance Comparison
In the year-to-date period, SRDAX achieves a 6.29% return, which is significantly higher than FSMSX's 3.76% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SRDAX vs. FSMSX - Expense Ratio Comparison
SRDAX has a 1.27% expense ratio, which is lower than FSMSX's 1.89% expense ratio.
Risk-Adjusted Performance
SRDAX vs. FSMSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Stone Ridge Diversified Alternatives Fund (SRDAX) and FS Multi-Strategy Alternatives Fund (FSMSX). 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.
Dividends
SRDAX vs. FSMSX - Dividend Comparison
SRDAX's dividend yield for the trailing twelve months is around 12.11%, more than FSMSX's 3.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
SRDAX Stone Ridge Diversified Alternatives Fund | 12.11% | 12.87% | 1.11% | 7.54% | 2.51% | 0.00% |
FSMSX FS Multi-Strategy Alternatives Fund | 3.44% | 3.57% | 2.97% | 3.22% | 0.77% | 2.20% |
Drawdowns
SRDAX vs. FSMSX - Drawdown Comparison
The maximum SRDAX drawdown since its inception was -6.33%, smaller than the maximum FSMSX drawdown of -9.41%. Use the drawdown chart below to compare losses from any high point for SRDAX and FSMSX. For additional features, visit the drawdowns tool.
Volatility
SRDAX vs. FSMSX - Volatility Comparison
Stone Ridge Diversified Alternatives Fund (SRDAX) has a higher volatility of 1.05% compared to FS Multi-Strategy Alternatives Fund (FSMSX) at 0.80%. This indicates that SRDAX's price experiences larger fluctuations and is considered to be riskier than FSMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.