Alpha Alternative Assets Fund (AAACX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AAACX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AAACX
Among 56 mutual funds in the Multistrategy category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | AAACX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | AAACX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | AAACX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | AAACX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | AAACX vs JAAAX |
Best Risk-Adjusted Alternatives to AAACX
AAACX has a PortfoliosLab risk / return rank of 48. There are 42 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | AAACX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | AAACX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | AAACX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | AAACX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | AAACX vs ADANX |
Top Performing AAACX Alternatives (YTD)
AAACX is at 4.68% YTD. There are 37 mutual funds in the Multistrategy category with higher YTD returns, going as high as 21.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 21.23% | — | Sep 2017 | AAACX vs QRPRX | |
| AQR Alternative Risk Premia Fund - Class I | 21.11% | — | Sep 2017 | AAACX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 20.97% | — | Sep 2017 | AAACX vs QRPNX | |
| AQR Style Premia Alternative R6 | 15.84% | — | Sep 2014 | AAACX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | 15.84% | — | Oct 2013 | AAACX vs QSPIX |
Lowest Volatility Alternatives to AAACX
AAACX has 6.62% 1-year volatility. There are 29 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.24%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.24% | — | Aug 2017 | AAACX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.44% | — | Jan 2009 | AAACX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.45% | — | Jan 2009 | AAACX vs ADAIX | |
| Strategic Advisers Alternatives Fund | 2.23% | — | Jul 2022 | AAACX vs FSLTX | |
| Morningstar Alternatives Fund | 2.31% | — | Nov 2018 | AAACX vs MSTVX |
Lowest Drawdown Alternatives to AAACX
AAACX has a 1-year max drawdown of -4.44%. There are 37 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.39%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | -0.39% | — | Jan 2009 | AAACX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | AAACX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | AAACX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | AAACX vs SRRIX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | AAACX vs FSLTX |
Compare AAACX with Any Fund or Stock
Compare AAACX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AAACX with funds that move differently
Alpha Alternative Assets Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AAACX.
Explore AAACX Diversifiers