AMFAX Alternatives & Similar Mutual Funds

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
AQMIX	AQR Managed Futures Strategy Fund - Class I	1.25%	—	Jan 2010	AMFAX vs AQMIX
CSAIX	Credit Suisse Managed Futures Strategy Fund	1.30%	—	Sep 2012	AMFAX vs CSAIX
RWSIX	Redwood Systematic Macro Trend ("SMarT") Fund	1.30%	—	Nov 2017	AMFAX vs RWSIX
GFIRX	Goldman Sachs Managed Futures Strategy Fund	1.33%	—	Feb 2012	AMFAX vs GFIRX
EVOIX	Winton Managed Futures Trend Fund	1.34%	—	Oct 2011	AMFAX vs EVOIX

Best Risk-Adjusted Alternatives to AMFAX

AMFAX has a PortfoliosLab risk / return rank of 65. There are 17 mutual funds in the Systematic Trend category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
LOTIX	LoCorr Market Trend Fund	96	—	Jun 2014	AMFAX vs LOTIX
QNZNX	AQR Trend Total Return Fund	91	—	Dec 2021	AMFAX vs QNZNX
AHLIX	American Beacon AHL Managed Futures Strategy Fund ...	91	—	Aug 2014	AMFAX vs AHLIX
AHLPX	American Beacon AHL Managed Futures Strategy Fund	91	—	Aug 2014	AMFAX vs AHLPX
AQMIX	AQR Managed Futures Strategy Fund - Class I	90	—	Jan 2010	AMFAX vs AQMIX

Top Performing AMFAX Alternatives (YTD)

AMFAX is at 9.45% YTD. There are 15 mutual funds in the Systematic Trend category with higher YTD returns, going as high as 22.79%.

Symbol	Name	YTD Return	AUM	Inception
LOTIX	LoCorr Market Trend Fund	22.79%	—	Jun 2014	AMFAX vs LOTIX
QCFRX	AQR CVX Fusion Fund Class R6	13.32%	—	Jun 2025	AMFAX vs QCFRX
QCFIX	AQR CVX Fusion Fund Class I	13.24%	—	Jun 2025	AMFAX vs QCFIX
QCFNX	AQR CVX Fusion Fund Class N	13.07%	—	Jun 2025	AMFAX vs QCFNX
QNZNX	AQR Trend Total Return Fund	13.04%	—	Dec 2021	AMFAX vs QNZNX

Lowest Volatility Alternatives to AMFAX

AMFAX has 12.61% 1-year volatility. There are 22 mutual funds in the Systematic Trend category with lower 1-year volatility, going as low as 5.77%.

Symbol	Name	Volatility 1Y	AUM	Inception
LFMAX	LoCorr Macro Strategies Fund	5.77%	—	Mar 2011	AMFAX vs LFMAX
LCSIX	LoCorr Long/Short Commodity Strategies Fund	6.06%	—	Dec 2011	AMFAX vs LCSIX
MBXAX	Catalyst/Millburn Hedge Strategy Fund	6.87%	—	Dec 2015	AMFAX vs MBXAX
MBXIX	Catalyst/Millburn Hedge Strategy Fund Class I	6.90%	—	Dec 1996	AMFAX vs MBXIX
ABYAX	Abbey Capital Futures Strategy Fund Class A	7.93%	—	Aug 2014	AMFAX vs ABYAX

Lowest Drawdown Alternatives to AMFAX

AMFAX has a 1-year max drawdown of -7.33%. There are 19 mutual funds in the Systematic Trend category with shallower 1-year drawdowns, going as shallow as -3.50%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
AHLPX	American Beacon AHL Managed Futures Strategy Fund	-3.50%	—	Aug 2014	AMFAX vs AHLPX
AHLIX	American Beacon AHL Managed Futures Strategy Fund ...	-3.52%	—	Aug 2014	AMFAX vs AHLIX
LFMAX	LoCorr Macro Strategies Fund	-3.56%	—	Mar 2011	AMFAX vs LFMAX
MBXIX	Catalyst/Millburn Hedge Strategy Fund Class I	-3.85%	—	Dec 1996	AMFAX vs MBXIX
MBXAX	Catalyst/Millburn Hedge Strategy Fund	-3.89%	—	Dec 2015	AMFAX vs MBXAX

Other Mutual Funds from BlackRock

The 10 most viewed BlackRock mutual funds shown here include ECAT, WFSPX, BDMIX and span 10 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ECAT	BlackRock ESG Capital Allocation Term Trust	Tactical Allocation, Derivative Income, ESG	29	10.45%	—	Sep 2021	AMFAX vs ECAT
WFSPX	iShares S&P 500 Index Fund Class K	S&P 500	63	9.34%	—	Jul 1993	AMFAX vs WFSPX
BDMIX	BlackRock Global Equity Market Neutral Fund Class ...	Equity Market Neutral	97	12.04%	—	Dec 2012	AMFAX vs BDMIX
LIVIX	BlackRock LifePath Index 2055 Fund - Institutional...	Target Retirement Date	70	11.03%	—	May 2011	AMFAX vs LIVIX
BDJ	BlackRock Enhanced Equity Dividend Trust	Derivative Income	64	8.08%	—	Aug 2005	AMFAX vs BDJ
BGSAX	BlackRock Technology Opportunities Fund Investor A	Technology Equities	30	22.08%	—	May 2000	AMFAX vs BGSAX
BDMAX	BlackRock Global Equity Market Neutral Fund Invest...	Equity Market Neutral	97	11.82%	—	Dec 2012	AMFAX vs BDMAX
MADVX	BlackRock Equity Dividend Fund	Large Cap Value Equities	87	15.65%	—	Nov 1988	AMFAX vs MADVX
BSIIX	BlackRock Strategic Income Opportunities Fund Clas...	Total Bond Market	64	1.03%	—	Feb 2008	AMFAX vs BSIIX
BRHYX	BlackRock High Yield K	High Yield Bonds	78	1.22%	—	Jan 2001	AMFAX vs BRHYX

Often Compared With AMFAX

Investors most often compare AMFAX with ASFYX, EBSIX, DBMF. These 19 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ASFYX	Virtus AlphaSimplex Managed Futures Strategy Fund ...	Systematic Trend	66	9.56%	—	Jul 2010	AMFAX vs ASFYX
EBSIX	Campbell Systematic Macro Fund Class I Shares	Multistrategy	11	5.77%	—	Mar 2013	AMFAX vs EBSIX
DBMF	iMGP DBi Managed Futures Strategy ETF	Systematic Trend	90	11.19%	1.89B	May 2019	AMFAX vs DBMF
MAFIX	Abbey Capital Multi Asset Fund Class I	Multistrategy	73	7.60%	—	Apr 2018	AMFAX vs MAFIX
JEPIX	JPMorgan Equity Premium Income Fund Class I	Derivative Income, Large Cap Blend Equities	31	3.44%	—	Aug 2018	AMFAX vs JEPIX
SPY	State Street SPDR S&P 500 ETF	S&P 500	67	10.13%	789.06B	Jan 1993	AMFAX vs SPY
VOO	Vanguard S&P 500 ETF	S&P 500	68	10.16%	1.70T	Sep 2010	AMFAX vs VOO
CTA	Simplify Managed Futures Strategy ETF	Systematic Trend	15	2.94%	1.56B	Mar 2022	AMFAX vs CTA
QMHIX	AQR Managed Futures Strategy HV Fund	Systematic Trend	82	12.49%	—	Jul 2013	AMFAX vs QMHIX
PQTPX	PIMCO TRENDS Managed Futures Strategy Fund	Systematic Trend	68	2.43%	—	Dec 2013	AMFAX vs PQTPX
QMHNX	AQR Managed Futures Strategy HV Fund Class N	Systematic Trend	80	12.31%	—	Jul 2013	AMFAX vs QMHNX
AQMNX	AQR Managed Futures Strategy Fund Class N	Systematic Trend	89	10.02%	—	Jan 2010	AMFAX vs AQMNX
ABYIX	Abbey Capital Futures Strategy Fund Class I	Systematic Trend	64	4.35%	—	Jul 2014	AMFAX vs ABYIX
VUSTX	Vanguard Long-Term Treasury Fund Investor Shares	Government Bonds	5	-3.13%	2.80B	May 1986	AMFAX vs VUSTX
NASDX	Shelton Capital Management Nasdaq-100 Index Fund D...	Large Cap Growth Equities	39	11.51%	—	Jan 2000	AMFAX vs NASDX
MFTNX	Arrow Managed Futures Strategy Fund Institutional ...	Systematic Trend	65	8.47%	—	Apr 2010	AMFAX vs MFTNX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	Diversified Portfolio, Municipal Bonds	72	4.40%	12.30B	Sep 1994	AMFAX vs VTMFX
VTSMX	Vanguard Total Stock Market Index Fund Investor Sh...	Large Cap Blend Equities	63	9.85%	—	Apr 1992	AMFAX vs VTSMX
^GSPC	S&P 500 Index		68	9.41%	—	—	AMFAX vs ^GSPC

Compare AMFAX with Any Fund or Stock

Compare AMFAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

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

AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) Alternatives