XPMIX vs. RMDFX
XPMIX (StepStone Private Markets Fund Class I) and RMDFX (Aspiriant Defensive Allocation Fund) are both Multistrategy funds. Over the past 5 years, XPMIX returned 12.74%/yr vs 5.57%/yr for RMDFX. Their 0.36 correlation means their historical movements had little consistent relationship. XPMIX charges 2.34%/yr vs 0.18%/yr for RMDFX.
Performance
XPMIX vs. RMDFX - Performance Comparison
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Returns By Period
In the year-to-date period, XPMIX achieves a 5.26% return, which is significantly lower than RMDFX's 7.07% return.
XPMIX
- 1D
- -0.25%
- 1M
- -0.22%
- 6M
- 3.65%
- YTD
- 5.26%
- 1Y
- 9.58%
- 3Y*
- 10.93%
- 5Y*
- 12.74%
- 10Y*
- —
- ALL TIME*
- 18.10%
RMDFX
- 1D
- -0.08%
- 1M
- 1.44%
- 6M
- 2.00%
- YTD
- 7.07%
- 1Y
- 17.69%
- 3Y*
- 10.04%
- 5Y*
- 5.57%
- 10Y*
- 5.20%
- ALL TIME*
- 5.06%
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 |
XPMIX vs. RMDFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XPMIX StepStone Private Markets Fund Class I | 5.26% | 11.78% | 12.97% | 12.21% | 8.77% | 30.00% | 24.92% |
RMDFX Aspiriant Defensive Allocation Fund | 7.07% | 18.85% | 1.45% | 8.01% | -6.84% | 4.20% | 6.21% |
Correlation
The correlation between XPMIX and RMDFX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2020 | 0.36 |
Over the past year, XPMIX and RMDFX have become more correlated (0.62) than their long-term average of 0.36, meaning their price movements have been converging.
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Return for Risk
XPMIX vs. RMDFX — Risk / Return Rank
XPMIX
RMDFX
XPMIX vs. RMDFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for StepStone Private Markets Fund Class I (XPMIX) 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.
| XPMIX | RMDFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.75 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 4.17 | -0.50 |
| Martin ratioReturn relative to average drawdown | 14.12 | 15.39 | -1.27 |
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Drawdowns
XPMIX vs. RMDFX - Drawdown Comparison
The maximum XPMIX drawdown since its inception was -3.71%, smaller than the maximum RMDFX drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for XPMIX and RMDFX.
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Drawdown Indicators
| XPMIX | RMDFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -15.96% | +12.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.59% | -4.19% | +1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -3.13% | -5.79% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -3.13% | -14.63% | +11.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.96% | — |
Current DrawdownCurrent decline from peak | -0.65% | -0.31% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -0.43% | -3.30% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 1.13% | -0.45% |
Volatility
XPMIX vs. RMDFX - Volatility Comparison
The current volatility for StepStone Private Markets Fund Class I (XPMIX) is 0.81%, while Aspiriant Defensive Allocation Fund (RMDFX) has a volatility of 1.10%. This indicates that XPMIX 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
| XPMIX | RMDFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 1.10% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 4.09% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.25% | 4.84% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 6.34% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.86% | 6.22% | +3.64% |
XPMIX vs. RMDFX - Expense Ratio Comparison
XPMIX has a 2.34% expense ratio, which is higher than RMDFX's 0.18% expense ratio.
Dividends
XPMIX vs. RMDFX - Dividend Comparison
XPMIX's dividend yield for the trailing twelve months is around 0.79%, less than RMDFX's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
RMDFX Aspiriant Defensive Allocation Fund | 4.33% | 4.63% | 0.00% | 3.69% | 0.78% | 5.37% | 2.28% | 3.78% | 4.11% | 2.16% | 1.16% |
XPMIX StepStone Private Markets Fund Class I | 0.79% | 0.85% | 1.31% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XPMIX and RMDFX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RMDFX has higher volatility (1.10%) compared to XPMIX (0.81%). In terms of maximum drawdown, XPMIX dropped -3.71% vs RMDFX's -15.96%.
RMDFX currently has the higher Sharpe Ratio (3.61 vs 2.24), 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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