Water Island Credit Opportunities Fund (ACFIX) Alternatives
Water Island Credit Opportunities Fund (ACFIX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ACFIX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to ACFIX
ACFIX charges 0.98% annually. Among mutual funds in the Nontraditional Bonds category, these options have the lowest expense ratios among ACFIX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | Oct 2, 2011 | ACFIX vs GMODX | |
| Putnam Mortgage Opportunities Fund | 0.47% | Apr 6, 2015 | ACFIX vs PMOTX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | Sep 28, 2011 | ACFIX vs SUBFX | |
| FPA Flexible Fixed Income Fund | 0.51% | Dec 30, 2018 | ACFIX vs FPFIX | |
| PIMCO Strategic Bond Fund | 0.51% | Jan 29, 2009 | ACFIX vs PUTIX |
Best Risk-Adjusted Alternatives to ACFIX
Among mutual funds in the Nontraditional Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | Jan 27, 2023 | ACFIX vs CBYYX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | Jun 26, 2007 | ACFIX vs EIGMX | |
| PGIM Securitized Credit Fund | 99 | Jun 30, 2019 | ACFIX vs SCFZX | |
| Artisan Global Unconstrained Fund | 99 | Mar 30, 2022 | ACFIX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 99 | Aug 30, 2010 | ACFIX vs EGRIX |
Top Performing ACFIX Alternatives (YTD)
ACFIX alternatives from the Nontraditional Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Artisan Global Unconstrained Fund | 4.02% | Mar 30, 2022 | ACFIX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 3.59% | Aug 30, 2010 | ACFIX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 2.63% | Apr 6, 2015 | ACFIX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 2.43% | Jun 26, 2007 | ACFIX vs EIGMX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.27% | Jan 27, 2023 | ACFIX vs CBYYX |
Lowest Volatility Alternatives to ACFIX
ACFIX alternatives from the Nontraditional Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 1.27% | Jan 27, 2023 | ACFIX vs CBYYX | |
| DoubleLine Flexible Income Fund | 1.40% | Apr 6, 2014 | ACFIX vs DFLEX | |
| Dunham Long/Short Credit Fund | 1.45% | Dec 9, 2004 | ACFIX vs DCAIX | |
| Anfield Universal Fixed Income Fund | 1.58% | Jun 27, 2013 | ACFIX vs AFLIX | |
| GMO Opportunistic Income Fund | 1.64% | Oct 2, 2011 | ACFIX vs GMODX |
Lowest Drawdown Alternatives to ACFIX
ACFIX alternatives from the Nontraditional Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.18% | Jan 27, 2023 | ACFIX vs CBYYX | |
| Dunham Long/Short Credit Fund | -0.84% | Dec 9, 2004 | ACFIX vs DCAIX | |
| PGIM Absolute Return Bond Fund | -0.87% | Mar 29, 2011 | ACFIX vs PADZX | |
| Toews Unconstrained Income Fund | -0.87% | Aug 27, 2013 | ACFIX vs TUIFX | |
| PGIM Securitized Credit Fund | -0.93% | Jun 30, 2019 | ACFIX vs SCFZX |
Other Mutual Funds from Arbitrage Fund
Most popular Arbitrage Fund mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| The Arbitrage Fund | Event Driven | 96 | 0.45% | Sep 17, 2000 | ACFIX vs ARBFX | |
| Water Island Event-Driven Fund | Event Driven | 94 | -0.23% | Sep 30, 2010 | ACFIX vs AEDNX |
Compare ACFIX with Any Fund or Stock
Compare ACFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.