AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) belongs to the Systematic Trend category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AMFAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AMFAX
AMFAX charges 1.72% annually. There are 15 mutual funds in the Systematic Trend category with lower expense ratios, going as low as 1.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Managed Futures Strategy Fund | 1.25% | — | Jan 2010 | AMFAX vs AQMIX | |
| Credit Suisse Managed Futures Strategy Fund | 1.30% | — | Sep 2012 | AMFAX vs CSAIX | |
| Redwood Systematic Macro Trend ("SMarT") Fund | 1.30% | — | Nov 2017 | AMFAX vs RWSIX | |
| Goldman Sachs Managed Futures Strategy Fund | 1.33% | — | Feb 2012 | AMFAX vs GFIRX | |
| Altegris Futures Evolution Strategy Fund | 1.34% | — | Oct 2011 | AMFAX vs EVOIX |
Best Risk-Adjusted Alternatives to AMFAX
AMFAX has a PortfoliosLab risk / return rank of 50. There are 21 mutual funds in the Systematic Trend category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| LoCorr Market Trend Fund | 94 | — | Jun 2014 | AMFAX vs LOTIX | |
| AQR Trend Total Return Fund | 93 | — | Dec 2021 | AMFAX vs QNZNX | |
| AQR Managed Futures Strategy Fund | 91 | — | Jan 2010 | AMFAX vs AQMIX | |
| AQR Managed Futures Strategy Fund Class N | 91 | — | Jan 2010 | AMFAX vs AQMNX | |
| American Beacon AHL Managed Futures Strategy Fund ... | 88 | — | Aug 2014 | AMFAX vs AHLIX |
Top Performing AMFAX Alternatives (YTD)
AMFAX is at 9.32% YTD. There are 14 mutual funds in the Systematic Trend category with higher YTD returns, going as high as 22.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| LoCorr Market Trend Fund | 22.25% | — | Jun 2014 | AMFAX vs LOTIX | |
| AQR CVX Fusion Fund Class R6 | 15.48% | — | Jun 2025 | AMFAX vs QCFRX | |
| AQR CVX Fusion Fund Class I | 15.41% | — | Jun 2025 | AMFAX vs QCFIX | |
| AQR CVX Fusion Fund Class N | 15.24% | — | Jun 2025 | AMFAX vs QCFNX | |
| AQR Trend Total Return Fund | 14.04% | — | Dec 2021 | AMFAX vs QNZNX |
Lowest Volatility Alternatives to AMFAX
AMFAX has 12.39% 1-year volatility. There are 20 mutual funds in the Systematic Trend category with lower 1-year volatility, going as low as 5.70%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund | 5.70% | — | Mar 2011 | AMFAX vs LFMAX | |
| LoCorr Long/Short Commodity Strategies Fund | 5.94% | — | Dec 2011 | AMFAX vs LCSIX | |
| Abbey Capital Futures Strategy Fund Class A | 7.86% | — | Aug 2014 | AMFAX vs ABYAX | |
| Abbey Capital Futures Strategy Fund Class I | 7.87% | — | Jul 2014 | AMFAX vs ABYIX | |
| Goldman Sachs Managed Futures Strategy Fund Class ... | 8.18% | — | Feb 2012 | AMFAX vs GMSAX |
Lowest Drawdown Alternatives to AMFAX
AMFAX has a 1-year max drawdown of -7.33%. There are 17 mutual funds in the Systematic Trend category with shallower 1-year drawdowns, going as shallow as -2.53%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund | -2.53% | — | Mar 2011 | AMFAX vs LFMAX | |
| Abbey Capital Futures Strategy Fund Class I | -3.33% | — | Jul 2014 | AMFAX vs ABYIX | |
| Abbey Capital Futures Strategy Fund Class A | -3.36% | — | Aug 2014 | AMFAX vs ABYAX | |
| PIMCO TRENDS Managed Futures Strategy Fund Institu... | -4.63% | — | Jan 2014 | AMFAX vs PQTIX | |
| PIMCO TRENDS Managed Futures Strategy Fund Class A | -4.66% | — | Dec 2013 | AMFAX vs PQTAX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include ECAT, WFSPX, BDMIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock ESG Capital Allocation Term Trust | Tactical Allocation, Derivative Income, ESG | 39 | 15.10% | — | Sep 2021 | AMFAX vs ECAT | |
| iShares S&P 500 Index Fund Class K | S&P 500 | 65 | 11.33% | — | Jul 1993 | AMFAX vs WFSPX | |
| BlackRock Global Equity Market Neutral Fund Class ... | Equity Market Neutral | 96 | 11.25% | — | Dec 2012 | AMFAX vs BDMIX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 64 | 12.43% | — | May 2011 | AMFAX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 73 | 11.70% | — | Dec 1991 | AMFAX vs FASGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 51 | 9.56% | — | Jul 2010 | AMFAX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 41 | 5.97% | — | Aug 2005 | AMFAX vs BDJ | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 50 | 34.57% | — | Apr 2000 | AMFAX vs BGSAX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 72 | 6.74% | — | Oct 2007 | AMFAX vs FFANX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 72 | 13.91% | — | Sep 1999 | AMFAX vs FAMRX |
Often Compared With AMFAX
Investors most often compare AMFAX with EBSIX, MBXIX, DBMF. These 19 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare AMFAX with Any Fund or Stock
Compare AMFAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AMFAX with funds that move differently
AlphaSimplex Managed Futures Strategy Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AMFAX.
Explore AMFAX Diversifiers