The Best Equity Market Neutral Mutual Funds
The table below compares the performance and other essential indicators like dividend yield and expense ratio of Equity Market Neutral mutual funds.
- Number of Funds
- 8
- Avg. Expense Ratio
- 2.54%
- Avg. Yield
- 4.48%
- Avg. 1 Year Return
- 10.16%
- Median Risk/Return Score
- 42 / 100
The Best Equity Market Neutral Mutual Funds
7 results
| Symbol | Full Name | Category | Inception | Expense Ratio | YTD Return | 10Y Return (Annualized) | Dividend Yield | Risk / Return Rank | Max. Drawdown | Sharpe Ratio | Sortino Ratio | Omega Ratio | Martin Ratio | Calmar Ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund | Equity Market Neutral | Dec 20, 2012 | 1.60% | 12.98% | 8.33% | 7.91% | 95 | ||||||||
| Bridgeway Global Opportunities Fund Class N | Equity Market Neutral | Oct 15, 2024 | 1.63% | 6.07% | — | 10.71% | 77 | ||||||||
| Gotham Neutral Fund Institutional Class | Equity Market Neutral | Aug 30, 2013 | 1.51% | -1.93% | 3.97% | 0.14% | 2 | ||||||||
| Miller Market Neutral Income Fund Class I | Equity Market Neutral | Dec 29, 2023 | 1.69% | 3.85% | — | 4.56% | 99 | ||||||||
| AQR Equity Market Neutral Fund Class I | Equity Market Neutral | Oct 7, 2014 | 5.48% | -6.65% | 6.21% | 1.51% | 6 | ||||||||
| AQR Equity Market Neutral Fund N | Equity Market Neutral | Oct 7, 2014 | 5.28% | -6.72% | 5.94% | 1.35% | 6 | ||||||||
| Federated Hermes MDT Market Neutral Fund Instituti... | Equity Market Neutral | Sep 30, 2008 | 1.86% | -0.77% | — | 1.76% | 7 |
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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5 Years
Best Equity Market Neutral Mutual funds by Risk/Return Score
The top Equity Market Neutral Mutual funds by PortfoliosLab Risk/Return Score are MMNIX (99) and BDMAX (95).
The score measures risk-adjusted performance over the past year, accounting for volatility, drawdown, and return consistency.
| Symbol | Name | Risk / Return Rank | AUM | Inception |
|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | 99 | — | Dec 2023 | |
| BlackRock Global Equity Market Neutral Fund | 95 | — | Dec 2012 | |
| Bridgeway Global Opportunities Fund Class N | 77 | — | Oct 2024 | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 7 | — | Sep 2008 | |
| AQR Equity Market Neutral Fund Class I | 6 | — | Oct 2014 |
Best-Performing Equity Market Neutral Mutual funds Over 5 Years
The top Equity Market Neutral Mutual funds is QMNIX (18.63%).
Across the lineup, Equity Market Neutral Mutual funds show an average 1-year return of 10.16% and an average 5-year return of 14.70%, providing a clearer view of performance across different investment horizons.
| Symbol | Name | Return 5Y | AUM | Inception |
|---|---|---|---|---|
| AQR Equity Market Neutral Fund Class I | 18.63% | — | Oct 2014 | |
| AQR Equity Market Neutral Fund N | 18.32% | — | Oct 2014 | |
| BlackRock Global Equity Market Neutral Fund | 12.98% | — | Dec 2012 | |
| Gotham Neutral Fund Institutional Class | 10.25% | — | Aug 2013 |
Lowest-Cost Equity Market Neutral Mutual funds
The top Equity Market Neutral Mutual funds is GONIX (1.51%).
With an average expense ratio of 2.54%, Equity Market Neutral 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 |
|---|---|---|---|---|
| Gotham Neutral Fund Institutional Class | 1.51% | — | Aug 2013 | |
| BlackRock Global Equity Market Neutral Fund | 1.60% | — | Dec 2012 | |
| Bridgeway Global Opportunities Fund Class N | 1.63% | — | Oct 2024 | |
| Miller Market Neutral Income Fund Class I | 1.69% | — | Dec 2023 | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 1.86% | — | Sep 2008 |
Highest-Yield Equity Market Neutral Mutual funds
The top Equity Market Neutral Mutual funds is BRGOX (10.71%).
Across the lineup, Equity Market Neutral Mutual funds show an average dividend yield of 4.48%, offering investors a steady stream of income through regular dividend payments, making them attractive for income-seeking portfolios.
| Symbol | Name | Dividend Yield | AUM | Inception |
|---|---|---|---|---|
| Bridgeway Global Opportunities Fund Class N | 10.71% | — | Oct 2024 | |
| BlackRock Global Equity Market Neutral Fund | 7.91% | — | Dec 2012 | |
| Miller Market Neutral Income Fund Class I | 4.56% | — | Dec 2023 | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 1.76% | — | Sep 2008 | |
| AQR Equity Market Neutral Fund Class I | 1.51% | — | Oct 2014 |
Top Mutual funds Categories
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Top Mutual funds Comparisons
Compare the top Mutual funds symbols based on PortfoliosLab usage data.
QMNNX vs. QLENXQMNNX vs. EICQMNNX vs. QRPIXQMNNX vs. CPIEXQMNNX vs. CCORBDMAX vs. BDMIXBDMAX vs. IALTBDMAX vs. FIOFXBDMAX vs. FEQHXBDMAX vs. FLRGQMNIX vs. QLEIXQMNIX vs. ADAIXQMNIX vs. AQMIXQMNIX vs. QSPIXQMNIX vs. SPYMMNIX vs. IALTMMNIX vs. BGCKXMMNIX vs. JAKRXMMNIX vs. ISMFMMNIX vs. PRPFXQQMNX vs. PBAIXQQMNX vs. BGCKXQQMNX vs. BDMIXQQMNX vs. EBSIXQQMNX vs. SPYBRGOX vs. BGCKXBRGOX vs. BRSIXBRGOX vs. BOSVXBRGOX vs. BRAGXBRGOX vs. BRUSXGONIX vs. GARIXGONIX vs. GTRFXGONIX vs. GVALXGONIX vs. BGCKXGONIX vs. GENIX