The Global Equity Market Neutral Fund employs a technology-driven, market neutral strategy aimed at achieving true diversification and consistent returns independent of market direction.

Nasdaq

BDMAX

The BlackRock Global Equity Market Neutral Fund employs a market-neutral strategy to achieve diversification and consistent returns through innovation and a technology-driven investment process.

NASDAQ

BGCKX

The Bridgeway Global Opportunities Fund seeks long-term positive absolute returns while limiting exposure to general stock market risk. It employs a dollar-neutral strategy, investing in both long and short positions across global developed and emerging equity markets.

BRGOX

The Gotham Neutral Fund is a market neutral long/short U.S. equity fund that seeks long-term capital appreciation with minimal correlation to the general stock market, taking long positions in securities believed to be undervalued and short positions in securities believed to be overvalued.

GONIX

The Miller Market Neutral Income Fund seeks to achieve maximum current income while remaining market neutral, utilizing convertible arbitrage and equity hedging strategies to achieve low correlation with traditional equity and fixed income markets.

MMNIX

Seeks positive absolute returns by systematically going long stocks expected to outperform and short stocks expected to underperform, aiming for minimal exposure to general equity market movements. Invests long and short across hundreds of companies globally, using a diverse array of investment signals to achieve low to zero correlation with equity market returns.

QMNIX

The fund aims to achieve market- or beta-neutral returns by investing at least 80% of its net assets in equity instruments and related derivatives, seeking to minimize correlation with equity market returns.

QMNNX

The Federated Hermes MDT Market Neutral Fund seeks long-term capital appreciation while limiting exposure to general stock market risk by employing a quantitative model to invest in long and short positions within the Russell 3000® Index universe.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield	Risk / Return Rank
BDMAX	BlackRock Global Equity Market Neutral Fund	Equity Market Neutral	Dec 20, 2012	1.60%	4.21%	7.02%	8.58%	96
BGCKX	BlackRock Global Equity Market Neutral Fund Instit...	Equity Market Neutral	Jan 29, 2016	1.29%	4.30%	7.34%	8.59%	96
BRGOX	Bridgeway Global Opportunities Fund Class N	Equity Market Neutral	Oct 15, 2024	1.63%	6.35%	—	10.68%	96
GONIX	Gotham Neutral Fund Institutional Class	Equity Market Neutral	Aug 30, 2013	1.51%	-1.13%	3.93%	0.14%	20
MMNIX	Miller Market Neutral Income Fund Class I	Equity Market Neutral	Dec 29, 2023	1.69%	1.36%	—	4.85%	100
QMNIX	AQR Equity Market Neutral Fund Class I	Equity Market Neutral	Oct 7, 2014	5.48%	-3.44%	6.34%	1.46%	79
QMNNX	AQR Equity Market Neutral Fund N	Equity Market Neutral	Oct 7, 2014	5.28%	-2.62%	6.17%	1.29%	76
QQMNX	Federated Hermes MDT Market Neutral Fund Instituti...	Equity Market Neutral	Sep 30, 2008	1.86%	1.46%	—	1.72%	63

The Best Equity Market Neutral Mutual Funds

Risk vs. Return Scatterplot