Alternatives Mutual Funds List

Number of Funds: 133
Avg. Expense Ratio: 2.04%
Avg. Yield: 4.07%
Avg. 1 Year Return: 15.56%
Median Risk/Return Score: 72 / 100

129 results

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield	Risk / Return Rank
BXMIX	Blackstone Alternative Multi-Strategy Fund	Multistrategy	Jun 15, 2014	2.33%	3.56%	4.23%	7.48%	99
CIHEX	Calamos Hedged Equity Fund	Options Trading	Dec 30, 2014	0.91%	6.56%	8.57%	0.31%	80
CSAAX	Manteio Managed Futures Fund A	Systematic Trend	Sep 28, 2012	1.58%	5.59%	0.28%	2.67%	17
CSAIX	Credit Suisse Managed Futures Strategy Fund	Systematic Trend	Sep 27, 2012	1.30%	5.71%	0.52%	2.83%	18
CSQAX	Credit Suisse Multialternative Strategy Fund Class...	Multistrategy	Mar 30, 2012	1.74%	4.14%	3.36%	1.04%	7
CZAMX	Multi-Manager Alternative Strategies Fund	Multistrategy	Jan 2, 2017	1.27%	4.35%	—	3.07%	93
DAMDX	Dunham Monthly Distribution Fund	Event Driven	Jul 31, 2008	2.38%	2.00%	3.03%	7.60%	97
DEVDX	Driehaus Event Driven Fund	Event Driven	Aug 22, 2013	1.66%	—	—	16.48%	—
DMSFX	Destinations Multi Strategy Alternatives Fund	Multistrategy	Mar 19, 2017	1.15%	0.52%	—	3.73%	33
EIIA	Eagle Point Institutional Income Fund	CLO	Jun 1, 2022	—	3.92%	—	8.02%	79
EIVPX	Parametric Volatility Risk Premium - Defensive Fun...	Options Trading	Feb 8, 2017	0.47%	6.40%	—	3.77%	90
EMAYX	Gabelli Enterprise Mergers and Acquisitions Fund	Event Driven	Feb 27, 2001	1.01%	8.16%	5.87%	3.89%	83
EQCHX	AXS Chesapeake Strategy Fund Class I	Systematic Trend	Sep 10, 2012	1.91%	—	—	0.00%	—
EVDAX	Camelot Event Driven Fund Class A	Event Driven	Nov 21, 2003	2.22%	3.44%	7.29%	0.74%	47
EVDIX	Camelot Event-Driven Fund Institutional Class	Event Driven	Jun 7, 2010	1.74%	3.54%	7.34%	0.87%	49
EVOIX	Altegris Futures Evolution Strategy Fund	Systematic Trend	Oct 30, 2011	1.34%	8.51%	3.58%	9.38%	76
FABZX	Franklin K2 Alternative Strategies Fund	Multistrategy	Oct 10, 2013	1.95%	5.49%	4.36%	6.66%	95
FCRIX	FS Credit Income Fund Class I	Multistrategy	Nov 1, 2017	2.37%	2.81%	—	10.11%	96
FSLTX	Strategic Advisers Alternatives Fund	Multistrategy	Jul 12, 2022	1.56%	5.58%	—	5.21%	99
FSMSX	FS Multi-Strategy Alternatives Fund	Multistrategy	May 15, 2017	1.89%	4.22%	—	3.95%	89

Risk vs. Return Scatterplot

The Risk vs. Return Scatterplot allows you to quickly compare funds, stocks, and ETFs in one view. It displays the yearly return of an instrument on one axis and the risk (volatility) on the other.

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Time Period

Best Alternatives Mutual funds by Risk/Return Score

The top Alternatives Mutual funds by PortfoliosLab Risk/Return Score are SRRIX (100) and PPFIX (100). The score measures risk-adjusted performance over the past year, accounting for volatility, drawdown, and return consistency.

Symbol	Name	Risk / Return Rank	AUM	Inception
SRRIX	Stone Ridge Reinsurance Risk Premium Interval Fund	100	—	Dec 2013
PPFIX	Princeton Premium Fund	100	—	Nov 2016
ARBIX	Absolute Convertible Arbitrage Fund Institutional ...	100	—	Aug 2017
MMNIX	Miller Market Neutral Income Fund Class I	99	—	Dec 2023
FSLTX	Strategic Advisers Alternatives Fund	99	—	Jul 2022

Best-Performing Alternatives Mutual funds Over 5 Years

The top Alternatives Mutual funds is MLPLX (26.54%). Across the lineup, Alternatives Mutual funds show an average 1-year return of 15.56% and an average 5-year return of 6.87%, providing a clearer view of performance across different investment horizons.

Symbol	Name	Return 5Y	AUM	Inception
MLPLX	Invesco SteelPath MLP Alpha Plus Fund Class A	26.54%	—	Feb 2012
SRRIX	Stone Ridge Reinsurance Risk Premium Interval Fund	21.89%	—	Dec 2013
MLPAX	Invesco SteelPath MLP Alpha Fund Class A	21.27%	—	Mar 2010
MLPFX	Invesco SteelPath MLP Select 40 Fund Class A	20.96%	—	Mar 2010
QRPRX	AQR Alternative Risk Premia R6	19.65%	—	Sep 2017

Lowest-Cost Alternatives Mutual funds

The top Alternatives Mutual funds is RMDFX (0.18%). With an average expense ratio of 2.04%, Alternatives Mutual funds remain a low-cost option for investors seeking broad market exposure, sector allocations, and diversified portfolio building blocks.

Symbol	Name	Expense Ratio	AUM	Inception
RMDFX	Aspiriant Defensive Allocation Fund	0.18%	—	Dec 2015
EIVPX	Parametric Volatility Risk Premium - Defensive Fun...	0.47%	—	Feb 2017
SPATX	Symmetry Panoramic Alternatives Fund	0.50%	—	Nov 2018
JHEQX	JPMorgan Hedged Equity Fund Class I	0.58%	—	Dec 2013
TALTX	Morgan Stanley Pathway Funds Alternative Strategie...	0.59%	—	Feb 2018

Highest-Yield Alternatives Mutual funds

The top Alternatives Mutual funds is SRRIX (18.54%). Across the lineup, Alternatives Mutual funds show an average dividend yield of 4.07%, offering investors a steady stream of income through regular dividend payments, making them attractive for income-seeking portfolios.

Symbol	Name	Dividend Yield	AUM	Inception
SRRIX	Stone Ridge Reinsurance Risk Premium Interval Fund	18.54%	—	Dec 2013
DEVDX	Driehaus Event Driven Fund	16.48%	—	Aug 2013
IPSAX	IPS Strategic Capital Absolute Return Fund	14.31%	—	Apr 2016
BPRLX	Beacon Planned Return Strategy Fund	11.92%	—	Oct 2017
WCEIX	Virtus Westchester Event-Driven Fund	11.19%	—	Jan 2014

Top Mutual funds Asset Classes

Equity · 3,627 Mutual funds Bond · 1,987 Mutual funds Multi-Asset · 1,523 Mutual funds Real Estate · 115 Mutual funds Commodity · 63 Mutual funds Preferred Stock · 11 Mutual funds Allocation · 3 Mutual funds Cryptocurrency · 2 Mutual funds

Top Mutual funds Comparisons

Compare the top Mutual funds symbols based on PortfoliosLab usage data.