SRRIX vs. GIMMX

Last updated Jun 4, 2026

SRRIX (Stone Ridge Reinsurance Risk Premium Interval Fund) and GIMMX (Goldman Sachs Multi-Manager Alternatives Fund) are both Multistrategy funds. Over the past 10 years, SRRIX returned 8.81%/yr vs 3.41%/yr for GIMMX. At a 0.01 correlation, their price movements are largely independent. SRRIX charges 2.35%/yr vs 1.93%/yr for GIMMX.

Performance

SRRIX vs. GIMMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Stone Ridge Reinsurance Risk Premium Interval Fund (SRRIX) and Goldman Sachs Multi-Manager Alternatives Fund (GIMMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SRRIX achieves a 8.54% return, which is significantly higher than GIMMX's 7.76% return. Over the past 10 years, SRRIX has outperformed GIMMX with an annualized return of 8.81%, while GIMMX has yielded a comparatively lower 3.41% annualized return.

SRRIX

• 1D: 0.07%
• 1M: 1.33%
• YTD: 8.54%
• 6M: 11.01%
• 1Y: 36.86%
• 3Y*: 32.68%
• 5Y*: 21.89%
• 10Y*: 8.81%

GIMMX

• 1D: 0.34%
• 1M: 2.37%
• YTD: 7.76%
• 6M: 8.32%
• 1Y: 16.60%
• 3Y*: 7.10%
• 5Y*: 3.72%
• 10Y*: 3.41%

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

SRRIX vs. GIMMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SRRIX Stone Ridge Reinsurance Risk Premium Interval Fund	8.54%	29.63%	33.14%	44.73%	5.10%	-6.47%	4.30%	-4.47%	-6.14%	-11.35%
GIMMX Goldman Sachs Multi-Manager Alternatives Fund	7.76%	15.44%	-4.85%	2.78%	-4.72%	6.14%	6.45%	7.60%	-3.51%	-0.19%

Correlation

The correlation between SRRIX and GIMMX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.00
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.01

Return for Risk

SRRIX vs. GIMMX — Risk / Return Rank

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

SRRIX

SRRIX Risk / Return Rank: 100
SRRIX Sharpe Ratio Rank: 100
SRRIX Sortino Ratio Rank: 100
SRRIX Omega Ratio Rank: 100
SRRIX Calmar Ratio Rank: 100
SRRIX Martin Ratio Rank: 100

GIMMX

GIMMX Risk / Return Rank: 58
GIMMX Sharpe Ratio Rank: 46
GIMMX Sortino Ratio Rank: 44
GIMMX Omega Ratio Rank: 52
GIMMX Calmar Ratio Rank: 84
GIMMX Martin Ratio Rank: 64

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.

SRRIX vs. GIMMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stone Ridge Reinsurance Risk Premium Interval Fund (SRRIX) and Goldman Sachs Multi-Manager Alternatives Fund (GIMMX). 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.

	SRRIX	GIMMX	Difference
Sharpe ratio: Return per unit of total volatility	14.40	1.98	+12.43
Sortino ratio: Return per unit of downside risk	48.47	2.80	+45.67
Omega ratio: Gain probability vs. loss probability	30.11	1.40	+28.72
Calmar ratio: Return relative to maximum drawdown	67.15	3.95	+63.19
Martin ratio: Return relative to average drawdown	703.99	12.68	+691.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SRRIX vs. GIMMX - Sharpe Ratio Comparison

The current SRRIX Sharpe Ratio is 14.40, which is higher than the GIMMX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of SRRIX and GIMMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SRRIX	GIMMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	14.40	1.98	+12.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.58	0.64	+0.94
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.63	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.50	+0.37

Drawdowns

SRRIX vs. GIMMX - Drawdown Comparison

The maximum SRRIX drawdown since its inception was -27.22%, which is greater than GIMMX's maximum drawdown of -12.67%. Use the drawdown chart below to compare losses from any high point for SRRIX and GIMMX.

Drawdown Indicators

	SRRIX	GIMMX	Difference
Max Drawdown Largest peak-to-trough decline	-27.22%	-12.67%	-14.55%
Max Drawdown (1Y) Largest decline over 1 year	-0.55%	-4.18%	+3.63%
Max Drawdown (3Y) Largest decline over 3 years	-17.26%	-10.74%	-6.52%
Max Drawdown (5Y) Largest decline over 5 years	-17.26%	-12.67%	-4.59%
Max Drawdown (10Y) Largest decline over 10 years	-27.22%	-12.67%	-14.55%
Current Drawdown Current decline from peak	0.00%	-0.09%	+0.09%
Average Drawdown Average peak-to-trough decline	-9.90%	-4.19%	-5.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	1.31%	-1.26%

Volatility

SRRIX vs. GIMMX - Volatility Comparison

The current volatility for Stone Ridge Reinsurance Risk Premium Interval Fund (SRRIX) is 0.31%, while Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) has a volatility of 1.41%. This indicates that SRRIX experiences smaller price fluctuations and is considered to be less risky than GIMMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRRIX	GIMMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.31%	1.41%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	0.89%	5.75%	-4.86%
Volatility (1Y) Calculated over the trailing 1-year period	2.58%	8.37%	-5.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.95%	5.83%	+8.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.01%	5.46%	+5.55%

SRRIX vs. GIMMX - Expense Ratio Comparison

SRRIX has a 2.35% expense ratio, which is higher than GIMMX's 1.93% expense ratio.

Dividends

SRRIX vs. GIMMX - Dividend Comparison

SRRIX's dividend yield for the trailing twelve months is around 18.55%, more than GIMMX's 7.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIMMX Goldman Sachs Multi-Manager Alternatives Fund	7.77%	8.38%	5.08%	3.43%	0.42%	0.00%	0.00%	0.97%	0.00%	0.00%	1.83%	0.72%
SRRIX Stone Ridge Reinsurance Risk Premium Interval Fund	18.55%	20.14%	21.58%	20.02%	0.00%	0.00%	0.38%	1.06%	2.32%	0.10%	6.16%	8.41%

Frequently Asked Questions

Can I hold both SRRIX and GIMMX in my portfolio?

SRRIX and GIMMX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRRIX or GIMMX?

GIMMX has higher volatility (1.41%) compared to SRRIX (0.31%). In terms of maximum drawdown, SRRIX dropped -27.22% vs GIMMX's -12.67%.

Which has better risk-adjusted returns?

SRRIX currently has the higher Sharpe Ratio (14.40 vs 1.98), 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.