Water Island Event-Driven Fund (AEDNX) Alternatives
Water Island Event-Driven Fund (AEDNX) belongs to the Event Driven category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AEDNX. 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 AEDNX
AEDNX charges 1.44% annually. Among mutual funds in the Event Driven category, these options have the lowest expense ratios among AEDNX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Gabelli ABC Fund | 0.79% | May 13, 1993 | AEDNX vs GABCX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 1.01% | Feb 27, 2001 | AEDNX vs EMAYX | |
| BlackRock Event Driven Equity Fund | 1.16% | Dec 18, 2007 | AEDNX vs BILPX | |
| The Merger Fund Class I | 1.32% | Aug 1, 2013 | AEDNX vs MERIX | |
| The Arbitrage Fund | 1.43% | Sep 17, 2000 | AEDNX vs ARBFX |
Best Risk-Adjusted Alternatives to AEDNX
Among mutual funds in the Event Driven 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 | |
|---|---|---|---|---|
| The Merger Fund Class I | 99 | Aug 1, 2013 | AEDNX vs MERIX | |
| The Merger Fund | 99 | Jan 30, 1989 | AEDNX vs MERFX | |
| Vivaldi Merger Arbitrage Fund Class I | 99 | Oct 1, 2015 | AEDNX vs VARBX | |
| NexPoint Merger Arbitrage Fund | 99 | Aug 18, 2016 | AEDNX vs HMEZX | |
| Dunham Monthly Distribution Fund | 98 | Jul 31, 2008 | AEDNX vs DAMDX |
Top Performing AEDNX Alternatives (YTD)
AEDNX alternatives from the Event Driven category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Gabelli Enterprise Mergers and Acquisitions Fund | 3.60% | Feb 27, 2001 | AEDNX vs EMAYX | |
| Camelot Event-Driven Fund Institutional Class | 2.00% | Jun 7, 2010 | AEDNX vs EVDIX | |
| Camelot Event Driven Fund Class A | 1.91% | Nov 21, 2003 | AEDNX vs EVDAX | |
| Gabelli ABC Fund | 1.84% | May 13, 1993 | AEDNX vs GABCX | |
| Vivaldi Merger Arbitrage Fund Class I | 0.85% | Oct 1, 2015 | AEDNX vs VARBX |
Lowest Volatility Alternatives to AEDNX
AEDNX alternatives from the Event Driven category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 1.35% | Oct 1, 2015 | AEDNX vs VARBX | |
| The Merger Fund Class I | 1.52% | Aug 1, 2013 | AEDNX vs MERIX | |
| The Merger Fund | 1.54% | Jan 30, 1989 | AEDNX vs MERFX | |
| NexPoint Merger Arbitrage Fund | 1.61% | Aug 18, 2016 | AEDNX vs HMEZX | |
| Virtus Westchester Credit Event Fund | 2.21% | Dec 28, 2017 | AEDNX vs WCFRX |
Lowest Drawdown Alternatives to AEDNX
AEDNX alternatives from the Event Driven category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| The Merger Fund Class I | -0.47% | Aug 1, 2013 | AEDNX vs MERIX | |
| The Merger Fund | -0.52% | Jan 30, 1989 | AEDNX vs MERFX | |
| Vivaldi Merger Arbitrage Fund Class I | -0.64% | Oct 1, 2015 | AEDNX vs VARBX | |
| NexPoint Merger Arbitrage Fund | -1.06% | Aug 18, 2016 | AEDNX vs HMEZX | |
| Dunham Monthly Distribution Fund | -1.56% | Jul 31, 2008 | AEDNX vs DAMDX |
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 | |
|---|---|---|---|---|---|---|
| Water Island Credit Opportunities Fund | Nontraditional Bonds | 22 | 0.73% | Sep 30, 2012 | AEDNX vs ACFIX |
Compare AEDNX with Any Fund or Stock
Compare AEDNX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.