AB Select US Long/Short Portfolio (ASILX) belongs to the Long-Short category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ASILX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ASILX
ASILX charges 1.55% annually. There are 25 mutual funds in the Long-Short category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | — | Jan 2021 | ASILX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | ASILX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 11.94M | Jan 2026 | ASILX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | ASILX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | ASILX vs BTPIX |
Best Risk-Adjusted Alternatives to ASILX
ASILX has a PortfoliosLab risk / return rank of 76. There are 9 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 96 | — | Dec 2012 | ASILX vs BDMIX | |
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | ASILX vs BPLEX | |
| Persimmon Long/Short Fund | 88 | — | Dec 2012 | ASILX vs LSEIX | |
| Vanguard Market Neutral Fund Institutional Shares | 88 | — | Oct 1998 | ASILX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 88 | 561.90M | Nov 1998 | ASILX vs VMNFX |
Top Performing ASILX Alternatives (YTD)
ASILX is at 4.34% YTD. There are 30 mutual funds in the Long-Short category with higher YTD returns, going as high as 14.39%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Investor Shares | 14.39% | 561.90M | Nov 1998 | ASILX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 14.39% | — | Oct 1998 | ASILX vs VMNIX | |
| ACM Dynamic Opportunity Fund | 14.35% | — | Jan 2015 | ASILX vs ADOIX | |
| CRM Long/Short Opportunities Fund | 13.95% | — | Aug 2016 | ASILX vs CRIHX | |
| Boston Partners Long/Short Equity Fund | 13.85% | — | Nov 1998 | ASILX vs BPLEX |
Lowest Volatility Alternatives to ASILX
ASILX has 5.56% 1-year volatility. There is 1 mutual fund in the Long-Short category with lower 1-year volatility, going as low as 5.29%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.29% | — | Dec 2011 | ASILX vs NLSIX | |
| MFS Managed Wealth Fund | 5.86% | — | Jun 2014 | ASILX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 6.07% | — | Dec 2019 | ASILX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 6.16% | — | Jan 2012 | ASILX vs WRAIX | |
| Federated Hermes MDT Market Neutral A | 6.72% | — | Sep 2008 | ASILX vs QAMNX |
Lowest Drawdown Alternatives to ASILX
ASILX has a 1-year max drawdown of -3.61%. There are 3 mutual funds in the Long-Short category with shallower 1-year drawdowns, going as shallow as -2.82%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -2.82% | — | Dec 2019 | ASILX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | ASILX vs GTAPX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.24% | — | Dec 2012 | ASILX vs BDMIX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | ASILX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | ASILX vs LSEIX |
Other Mutual Funds from AllianceBernstein
The 10 most viewed AllianceBernstein mutual funds shown here include APGAX, APGYX, APGZX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AB Large Cap Growth Fund Class A | Large Cap Growth Equities | 12 | 2.04% | — | Oct 1996 | ASILX vs APGAX | |
| AB Large Cap Growth Fund Advisor Class | Large Cap Growth Equities | 12 | 2.16% | — | Jan 1996 | ASILX vs APGYX | |
| AB Large Cap Growth Fund Class Z | Large Cap Growth Equities | 12 | 2.21% | — | Jul 2015 | ASILX vs APGZX | |
| AB Growth Fund | Large Cap Growth Equities | 13 | 4.80% | — | Sep 1990 | ASILX vs AGRFX | |
| AB Municipal Income Shares | High Yield Muni | 70 | 2.13% | — | Aug 2010 | ASILX vs MISHX | |
| AB High Income Fund | High Yield Bonds | 69 | 1.78% | — | Feb 1994 | ASILX vs AGDAX | |
| AB Small Cap Growth Portfolio | Small Cap Growth Equities | 41 | 25.68% | — | Feb 1969 | ASILX vs QUASX | |
| AB Income Fund | Intermediate Core-Plus Bond | 18 | 0.15% | — | Aug 1987 | ASILX vs ACGYX | |
| AllianceBernstein Global High Income Closed Fund | High Yield Bonds | 3 | -1.55% | — | Jul 1993 | ASILX vs AWF | |
| AB Sustainable Global Thematic Fund | Global Equities | 7 | 4.72% | — | Feb 1982 | ASILX vs ALTFX |
Often Compared With ASILX
Investors most often compare ASILX with QLEIX, BLNDX, VT. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare ASILX with Any Fund or Stock
Compare ASILX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ASILX with funds that move differently
AB Select US Long/Short Portfolio alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ASILX.
Explore ASILX Diversifiers