SRDAX vs. RMDFX
SRDAX (Stone Ridge Diversified Alternatives Fund) and RMDFX (Aspiriant Defensive Allocation Fund) are both Multistrategy funds. Over the past 5 years, SRDAX returned 7.99%/yr vs 5.69%/yr for RMDFX. Their -0.11 correlation means they have often moved in opposite directions in the past. SRDAX charges 1.27%/yr vs 0.18%/yr for RMDFX.
Performance
SRDAX vs. RMDFX - Performance Comparison
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Returns By Period
In the year-to-date period, SRDAX achieves a 5.07% return, which is significantly lower than RMDFX's 7.66% return.
SRDAX
- 1D
- -0.10%
- 1M
- 0.48%
- 6M
- 7.35%
- YTD
- 5.07%
- 1Y
- 8.40%
- 3Y*
- 6.94%
- 5Y*
- 7.99%
- 10Y*
- —
- ALL TIME*
- 8.16%
RMDFX
- 1D
- 0.55%
- 1M
- 1.67%
- 6M
- 3.81%
- YTD
- 7.66%
- 1Y
- 18.23%
- 3Y*
- 10.21%
- 5Y*
- 5.69%
- 10Y*
- 5.26%
- ALL TIME*
- 5.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SRDAX vs. RMDFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SRDAX Stone Ridge Diversified Alternatives Fund | 5.07% | 0.37% | 8.46% | 19.56% | 2.03% | 10.62% | 1.97% |
RMDFX Aspiriant Defensive Allocation Fund | 7.66% | 18.85% | 1.45% | 8.01% | -6.84% | 4.20% | 4.90% |
Correlation
The correlation between SRDAX and RMDFX is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | -0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | -0.11 |
The correlation between SRDAX and RMDFX shifts across timeframes, from -0.23 (1 year) to -0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SRDAX vs. RMDFX — Risk / Return Rank
SRDAX
RMDFX
SRDAX vs. RMDFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Stone Ridge Diversified Alternatives Fund (SRDAX) and Aspiriant Defensive Allocation Fund (RMDFX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SRDAX | RMDFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.80 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 4.40 | -1.16 |
| Martin ratioReturn relative to average drawdown | 12.29 | 16.24 | -3.95 |
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Drawdowns
SRDAX vs. RMDFX - Drawdown Comparison
The maximum SRDAX drawdown since its inception was -11.90%, smaller than the maximum RMDFX drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for SRDAX and RMDFX.
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Drawdown Indicators
| SRDAX | RMDFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.90% | -15.96% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -4.19% | +1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -6.15% | -5.79% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -11.90% | -14.63% | +2.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.96% | — |
Current DrawdownCurrent decline from peak | -0.38% | 0.00% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -3.30% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.13% | -0.43% |
Volatility
SRDAX vs. RMDFX - Volatility Comparison
The current volatility for Stone Ridge Diversified Alternatives Fund (SRDAX) is 1.01%, while Aspiriant Defensive Allocation Fund (RMDFX) has a volatility of 1.18%. This indicates that SRDAX experiences smaller price fluctuations and is considered to be less risky than RMDFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRDAX | RMDFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.18% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 4.10% | -1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 4.86% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.97% | 6.34% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.71% | 6.22% | +0.49% |
SRDAX vs. RMDFX - Expense Ratio Comparison
SRDAX has a 1.27% expense ratio, which is higher than RMDFX's 0.18% expense ratio.
Dividends
SRDAX vs. RMDFX - Dividend Comparison
SRDAX's dividend yield for the trailing twelve months is around 8.12%, more than RMDFX's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
RMDFX Aspiriant Defensive Allocation Fund | 4.30% | 4.63% | 0.00% | 3.69% | 0.78% | 5.37% | 2.28% | 3.78% | 4.11% | 2.16% | 1.16% |
SRDAX Stone Ridge Diversified Alternatives Fund | 8.12% | 8.53% | 8.16% | 14.97% | 3.22% | 8.99% | 3.07% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SRDAX and RMDFX have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RMDFX has higher volatility (1.18%) compared to SRDAX (1.01%). In terms of maximum drawdown, SRDAX dropped -11.90% vs RMDFX's -15.96%.
RMDFX currently has the higher Sharpe Ratio (3.80 vs 2.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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