Invenomic Fund Institutional Class (BIVIX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to BIVIX
BIVIX charges 3.17% annually. Among mutual funds in the Long-Short category, these options have the lowest expense ratios among BIVIX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | Jan 27, 2021 | BIVIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | Jun 26, 2014 | BIVIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | Jan 20, 2026 | BIVIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | Nov 1, 2009 | BIVIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | Dec 30, 2012 | BIVIX vs BTPIX |
Best Risk-Adjusted Alternatives to BIVIX
Among mutual funds in the Long-Short category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 96 | Dec 20, 2012 | BIVIX vs BDMIX | |
| AQR Long-Short Equity Fund | 94 | Jul 15, 2013 | BIVIX vs QLEIX | |
| AQR Long-Short Equity N | 93 | Jul 16, 2013 | BIVIX vs QLENX | |
| Vanguard Market Neutral Fund Institutional Shares | 93 | Oct 19, 1998 | BIVIX vs VMNIX | |
| Boston Partners Long/Short Equity Fund | 93 | Nov 16, 1998 | BIVIX vs BPLEX |
Top Performing BIVIX Alternatives (YTD)
BIVIX alternatives from the Long-Short category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Guggenheim Alpha Opportunity Fund | 10.14% | Jul 6, 2003 | BIVIX vs SAOAX | |
| PIMCO RAE Worldwide Long/Short PLUS Fund | 9.51% | Dec 3, 2014 | BIVIX vs PWLIX | |
| Vanguard Market Neutral Fund Institutional Shares | 6.12% | Oct 19, 1998 | BIVIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 6.09% | Nov 11, 1998 | BIVIX vs VMNFX | |
| Invenomic Fund | 5.94% | Jun 18, 2017 | BIVIX vs BIVRX |
Lowest Volatility Alternatives to BIVIX
BIVIX alternatives from the Long-Short category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| MFS Managed Wealth Fund | 5.68% | Jun 26, 2014 | BIVIX vs MNWIX | |
| Neuberger Berman Long Short Fund | 6.34% | Dec 28, 2011 | BIVIX vs NLSIX | |
| Federated Hermes MDT Market Neutral A | 6.39% | Sep 30, 2008 | BIVIX vs QAMNX | |
| Knights of Columbus Long/Short Equity Fund | 6.52% | Dec 1, 2019 | BIVIX vs KCEIX | |
| AB Select US Long/Short Portfolio | 6.59% | Dec 11, 2012 | BIVIX vs ASILX |
Lowest Drawdown Alternatives to BIVIX
BIVIX alternatives from the Long-Short category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -3.50% | Dec 1, 2019 | BIVIX vs KCEIX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.60% | Dec 20, 2012 | BIVIX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.62% | Dec 11, 2012 | BIVIX vs ASILX | |
| Quantitative U.S. Long/Short Equity Portfolio | -4.15% | Sep 28, 2006 | BIVIX vs GTAPX | |
| Federated Hermes MDT Market Neutral A | -4.16% | Sep 30, 2008 | BIVIX vs QAMNX |
Often Compared With BIVIX
What investors most often compare with BIVIX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Easterly Snow Capital Long/Short Opportunity Fund | Long-Short | 80 | 4.60% | Apr 27, 2006 | BIVIX vs SNOIX | |
| Blackstone Long-Short Credit Income Fund | Long-Short | 2 | -5.12% | Jan 27, 2011 | BIVIX vs BGX | |
| AQR LSE Fusion Fund Class R6 | Long-Short | — | -13.05% | Jun 25, 2025 | BIVIX vs QLFRX | |
| Gotham Absolute Return Fund | Long-Short | 82 | -1.21% | Aug 30, 2012 | BIVIX vs GARIX | |
| NexPoint Event Driven Fund | Long-Short | 5 | -7.03% | May 4, 2008 | BIVIX vs HHCZX | |
| Hussman Strategic Growth Fund | Long-Short | 7 | 5.80% | Jul 24, 2000 | BIVIX vs HSGFX | |
| Nuveen Equity Long/Short Fund | Long-Short | 47 | -4.35% | Dec 29, 2008 | BIVIX vs NELIX | |
| Oakhurst Strategic Defined Risk Fund | Long-Short | 31 | -5.77% | May 9, 2017 | BIVIX vs OASDX | |
| RiverPark Long/Short Opportunity Fund | Long-Short | 6 | -12.16% | Mar 29, 2012 | BIVIX vs RLSIX | |
| Toews Tactical Defensive Alpha Fund | Long-Short | 45 | -5.84% | Jan 6, 2016 | BIVIX vs TTDAX | |
| ABR 75/25 Volatility Fund | Long-Short | 3 | -11.00% | Aug 2, 2020 | BIVIX vs VOLSX | |
| Waycross Long/Short Equity Fund | Long-Short | 42 | -7.02% | Apr 28, 2015 | BIVIX vs WAYEX |
Compare BIVIX with Any Fund or Stock
Compare BIVIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.