Invenomic Fund Institutional Class (BIVIX) 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 BIVIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BIVIX
BIVIX charges 3.17% annually. There are 51 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 | BIVIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | BIVIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 12.26M | Jan 2026 | BIVIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | BIVIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | BIVIX vs BTPIX |
Best Risk-Adjusted Alternatives to BIVIX
BIVIX has a PortfoliosLab risk / return rank of 3. There are 45 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 96 | — | Nov 1998 | BIVIX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 95 | — | Oct 1998 | BIVIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 95 | 561.90M | Nov 1998 | BIVIX vs VMNFX | |
| John Hancock Disciplined Value Global Long/Short F... | 91 | — | Apr 2014 | BIVIX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 90 | — | Dec 2013 | BIVIX vs JAKRX |
Top Performing BIVIX Alternatives (YTD)
BIVIX is at -6.05% YTD. There are 49 mutual funds in the Long-Short category with higher YTD returns, going as high as 19.07%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 19.07% | — | Nov 1998 | BIVIX vs BPLEX | |
| Vanguard Market Neutral Fund Investor Shares | 15.75% | 561.90M | Nov 1998 | BIVIX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 15.75% | — | Oct 1998 | BIVIX vs VMNIX | |
| Guggenheim Alpha Opportunity Fund | 15.47% | — | Jul 2003 | BIVIX vs SAOAX | |
| Longboard Alternative Growth Fund | 13.48% | — | Mar 2015 | BIVIX vs LONGX |
Lowest Volatility Alternatives to BIVIX
BIVIX has 29.79% 1-year volatility. There are 51 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.28%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.28% | — | Dec 2011 | BIVIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.53% | — | Dec 2012 | BIVIX vs ASILX | |
| MFS Managed Wealth Fund | 5.91% | — | Jun 2014 | BIVIX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.23% | — | Jan 2012 | BIVIX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.29% | — | Dec 2019 | BIVIX vs KCEIX |
Lowest Drawdown Alternatives to BIVIX
BIVIX has a 1-year max drawdown of -26.95%. There are 47 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 | BIVIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | BIVIX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | BIVIX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | BIVIX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | BIVIX vs LSEIX |
Other Mutual Funds from Invenomic
The 1 most viewed Invenomic mutual funds shown here include BIVRX and span 1 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invenomic Fund | Long-Short | 3 | -6.17% | — | Jun 2017 | BIVIX vs BIVRX |
Often Compared With BIVIX
Investors most often compare BIVIX with BGX, LSOFX, WAYEX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare BIVIX with Any Fund or Stock
Compare BIVIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BIVIX with funds that move differently
Invenomic Fund Institutional Class alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BIVIX.
Explore BIVIX Diversifiers