The Arbitrage Fund (ARBFX) 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 ARBFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ARBFX
ARBFX charges 1.43% annually. There are 4 mutual funds in the Event Driven category with lower expense ratios, going as low as 0.79%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli ABC Fund | 0.79% | — | May 1993 | ARBFX vs GABCX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 1.01% | — | Feb 2001 | ARBFX vs EMAYX | |
| BlackRock Event Driven Equity Fund | 1.16% | — | Dec 2007 | ARBFX vs BILPX | |
| The Merger Fund Class I | 1.32% | — | Aug 2013 | ARBFX vs MERIX | |
| Water Island Event-Driven Fund | 1.44% | — | Sep 2010 | ARBFX vs AEDNX |
Best Risk-Adjusted Alternatives to ARBFX
ARBFX has a PortfoliosLab risk / return rank of 97. There are 6 mutual funds in the Event Driven category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| NexPoint Merger Arbitrage Fund | 99 | — | Aug 2016 | ARBFX vs HMEZX | |
| Vivaldi Merger Arbitrage Fund Class I | 98 | — | Oct 2015 | ARBFX vs VARBX | |
| The Merger Fund Class I | 98 | — | Aug 2013 | ARBFX vs MERIX | |
| The Arbitrage Fund Class Institutional | 97 | — | Oct 2003 | ARBFX vs ARBNX | |
| Dunham Monthly Distribution Fund | 97 | — | Jul 2008 | ARBFX vs DAMDX |
Top Performing ARBFX Alternatives (YTD)
ARBFX is at 1.34% YTD. There are 13 mutual funds in the Event Driven category with higher YTD returns, going as high as 6.55%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli Enterprise Mergers and Acquisitions Fund | 6.55% | — | Feb 2001 | ARBFX vs EMAYX | |
| Gabelli ABC Fund | 3.50% | — | May 1993 | ARBFX vs GABCX | |
| Water Island Event-Driven Fund | 3.13% | — | Sep 2010 | ARBFX vs AEDNX | |
| Camelot Event-Driven Fund Institutional Class | 2.27% | — | Jun 2010 | ARBFX vs EVDIX | |
| BlackRock Event Driven Equity Fund | 2.21% | — | Dec 2007 | ARBFX vs BILPX |
Lowest Volatility Alternatives to ARBFX
ARBFX has 1.87% 1-year volatility. There are 5 mutual funds in the Event Driven category with lower 1-year volatility, going as low as 1.08%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 1.08% | — | Oct 2015 | ARBFX vs VARBX | |
| NexPoint Merger Arbitrage Fund | 1.28% | — | Aug 2016 | ARBFX vs HMEZX | |
| The Merger Fund Class I | 1.52% | — | Aug 2013 | ARBFX vs MERIX | |
| The Merger Fund | 1.55% | — | Jan 1989 | ARBFX vs MERFX | |
| Virtus Westchester Credit Event Fund | 1.71% | — | Dec 2017 | ARBFX vs WCFRX |
Lowest Drawdown Alternatives to ARBFX
ARBFX has a 1-year max drawdown of -0.88%. There are 4 mutual funds in the Event Driven category with shallower 1-year drawdowns, going as shallow as -0.37%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | -0.37% | — | Oct 2015 | ARBFX vs VARBX | |
| The Merger Fund Class I | -0.47% | — | Aug 2013 | ARBFX vs MERIX | |
| The Merger Fund | -0.52% | — | Jan 1989 | ARBFX vs MERFX | |
| NexPoint Merger Arbitrage Fund | -0.55% | — | Aug 2016 | ARBFX vs HMEZX | |
| The Arbitrage Fund Class Institutional | -0.92% | — | Oct 2003 | ARBFX vs ARBNX |
Other Mutual Funds from Arbitrage Fund
The 1 most viewed Arbitrage Fund mutual funds shown here include ACFIX and span 1 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Water Island Credit Opportunities Fund | Nontraditional Bonds | 16 | 2.04% | — | Sep 2012 | ARBFX vs ACFIX |
Often Compared With ARBFX
Investors most often compare ARBFX with VEQT.TO, SPY, GDL. These 11 comparison targets span 7 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Vanguard All-Equity ETF Portfolio | Global Equities | 82 | 13.11% | 14.70B | Jan 2019 | ARBFX vs VEQT.TO | |
| State Street SPDR S&P 500 ETF | S&P 500 | 59 | 8.15% | 765.27B | Jan 1993 | ARBFX vs SPY | |
| The GDL Fund | Event Driven | 23 | 2.66% | — | Jan 2007 | ARBFX vs GDL | |
| Camelot Event Driven Fund Class A | Event Driven | 27 | 2.14% | — | Nov 2003 | ARBFX vs EVDAX | |
| Driehaus Event Driven Fund | Event Driven | — | — | — | Aug 2013 | ARBFX vs DEVDX | |
| BlackRock Event Driven Equity Fund Investor Class ... | Event Driven | 74 | 2.13% | — | Dec 2007 | ARBFX vs BALPX | |
| Virtus Westchester Event-Driven Fund | Event Driven | 67 | 1.55% | — | Jan 2014 | ARBFX vs WCEIX | |
| PIMCO TRENDS Managed Futures Strategy Fund | Systematic Trend | 78 | 6.06% | — | Dec 2013 | ARBFX vs PQTPX | |
| AQR Macro Opportunities Fund | Macro Trading | 5 | 0.92% | — | Apr 2014 | ARBFX vs QGMIX | |
| AQR Long-Short Equity Fund | Long-Short | 57 | -0.52% | — | Jul 2013 | ARBFX vs QLEIX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 39 | 8.53% | — | Aug 2007 | ARBFX vs PSLDX |
Compare ARBFX with Any Fund or Stock
Compare ARBFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ARBFX with funds that move differently
The Arbitrage Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ARBFX.
Explore ARBFX Diversifiers