TMSRX vs. SYMIX

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) and AlphaCentric Symmetry Strategy Fund Class I (SYMIX).

TMSRX is managed by T. Rowe Price. It was launched on Feb 22, 2018. SYMIX is managed by AlphaCentric Funds. It was launched on Aug 8, 2019.

Performance

TMSRX vs. SYMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) and AlphaCentric Symmetry Strategy Fund Class I (SYMIX). The values are adjusted to include any dividend payments, if applicable.

TMSRX vs. SYMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TMSRX T. Rowe Price Multi-Strategy Total Return Fund	0.41%	2.95%	5.36%	5.09%	-4.69%	-2.08%	13.21%	2.07%
SYMIX AlphaCentric Symmetry Strategy Fund Class I	3.62%	12.36%	7.61%	0.93%	6.09%	14.07%	-2.60%	0.06%

Returns By Period

In the year-to-date period, TMSRX achieves a 0.41% return, which is significantly lower than SYMIX's 3.62% return.

TMSRX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.41%
• 6M: 1.39%
• 1Y: 3.04%
• 3Y*: 4.31%
• 5Y*: 1.14%
• 10Y*: —

SYMIX

• 1D: 1.27%
• 1M: -3.57%
• YTD: 3.62%
• 6M: 7.51%
• 1Y: 19.73%
• 3Y*: 8.96%
• 5Y*: 7.00%
• 10Y*: —

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

TMSRX vs. SYMIX - Expense Ratio Comparison

TMSRX has a 1.19% expense ratio, which is lower than SYMIX's 1.69% expense ratio.

SYMIX

AlphaCentric Symmetry Strategy Fund Class I

TMSRX

T. Rowe Price Multi-Strategy Total Return Fund

Return for Risk

TMSRX vs. SYMIX — Risk / Return Rank

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

TMSRX

TMSRX Risk / Return Rank: 69
TMSRX Sharpe Ratio Rank: 75
TMSRX Sortino Ratio Rank: 70
TMSRX Omega Ratio Rank: 85
TMSRX Calmar Ratio Rank: 58
TMSRX Martin Ratio Rank: 57

SYMIX

SYMIX Risk / Return Rank: 82
SYMIX Sharpe Ratio Rank: 80
SYMIX Sortino Ratio Rank: 78
SYMIX Omega Ratio Rank: 72
SYMIX Calmar Ratio Rank: 91
SYMIX Martin Ratio Rank: 89

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.

TMSRX vs. SYMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) and AlphaCentric Symmetry Strategy Fund Class I (SYMIX). 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.

	TMSRX	SYMIX	Difference
Sharpe ratio Return per unit of total volatility	1.41	1.54	-0.14
Sortino ratio Return per unit of downside risk	1.85	2.10	-0.25
Omega ratio Gain probability vs. loss probability	1.36	1.29	+0.08
Calmar ratio Return relative to maximum drawdown	1.50	2.81	-1.31
Martin ratio Return relative to average drawdown	5.91	10.31	-4.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TMSRX vs. SYMIX - Sharpe Ratio Comparison

The current TMSRX Sharpe Ratio is 1.41, which is comparable to the SYMIX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of TMSRX and SYMIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TMSRX	SYMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	1.54	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.65	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.57	+0.27

Correlation

The correlation between TMSRX and SYMIX is 0.15, 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

TMSRX vs. SYMIX - Dividend Comparison

TMSRX's dividend yield for the trailing twelve months is around 9.49%, while SYMIX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
TMSRX T. Rowe Price Multi-Strategy Total Return Fund	9.49%	7.59%	6.72%	5.95%	2.29%	2.88%	3.35%	3.00%	3.56%
SYMIX AlphaCentric Symmetry Strategy Fund Class I	0.00%	0.00%	0.00%	2.06%	9.82%	0.25%	1.71%	2.42%	0.00%

Drawdowns

TMSRX vs. SYMIX - Drawdown Comparison

The maximum TMSRX drawdown since its inception was -10.67%, smaller than the maximum SYMIX drawdown of -17.44%. Use the drawdown chart below to compare losses from any high point for TMSRX and SYMIX.

Drawdown Indicators

	TMSRX	SYMIX	Difference
Max Drawdown Largest peak-to-trough decline	-10.67%	-17.44%	+6.77%
Max Drawdown (1Y) Largest decline over 1 year	-1.84%	-7.06%	+5.22%
Max Drawdown (5Y) Largest decline over 5 years	-10.59%	-12.20%	+1.61%
Current Drawdown Current decline from peak	-0.16%	-4.53%	+4.37%
Average Drawdown Average peak-to-trough decline	-2.78%	-4.27%	+1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	1.92%	-1.42%

Volatility

TMSRX vs. SYMIX - Volatility Comparison

The current volatility for T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) is 0.00%, while AlphaCentric Symmetry Strategy Fund Class I (SYMIX) has a volatility of 4.71%. This indicates that TMSRX experiences smaller price fluctuations and is considered to be less risky than SYMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMSRX	SYMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	4.71%	-4.71%
Volatility (6M) Calculated over the trailing 6-month period	1.44%	9.51%	-8.07%
Volatility (1Y) Calculated over the trailing 1-year period	2.09%	12.91%	-10.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.79%	10.87%	-8.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.31%	11.05%	-7.74%