Salient Tactical Plus Fund (BTPIX) 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 BTPIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BTPIX
BTPIX charges 1.08% annually. There are 4 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 | BTPIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | BTPIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 12.26M | Jan 2026 | BTPIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | BTPIX vs SPEDX | |
| Hussman Strategic Growth Fund | 1.15% | — | Jul 2000 | BTPIX vs HSGFX |
Best Risk-Adjusted Alternatives to BTPIX
BTPIX has a PortfoliosLab risk / return rank of 15. There are 30 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 | BTPIX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 95 | — | Oct 1998 | BTPIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 95 | 561.90M | Nov 1998 | BTPIX vs VMNFX | |
| John Hancock Disciplined Value Global Long/Short F... | 91 | — | Apr 2014 | BTPIX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 90 | — | Dec 2013 | BTPIX vs JAKRX |
Top Performing BTPIX Alternatives (YTD)
BTPIX is at 4.25% YTD. There are 29 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 | BTPIX vs BPLEX | |
| Vanguard Market Neutral Fund Investor Shares | 15.75% | 561.90M | Nov 1998 | BTPIX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 15.75% | — | Oct 1998 | BTPIX vs VMNIX | |
| Guggenheim Alpha Opportunity Fund | 15.47% | — | Jul 2003 | BTPIX vs SAOAX | |
| Longboard Alternative Growth Fund | 13.48% | — | Mar 2015 | BTPIX vs LONGX |
Lowest Volatility Alternatives to BTPIX
BTPIX has 9.69% 1-year volatility. There are 23 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 | BTPIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.53% | — | Dec 2012 | BTPIX vs ASILX | |
| MFS Managed Wealth Fund | 5.91% | — | Jun 2014 | BTPIX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.23% | — | Jan 2012 | BTPIX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.29% | — | Dec 2019 | BTPIX vs KCEIX |
Lowest Drawdown Alternatives to BTPIX
BTPIX has a 1-year max drawdown of -6.84%. There are 23 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 | BTPIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | BTPIX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | BTPIX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | BTPIX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | BTPIX vs LSEIX |
Other Mutual Funds from Salient Funds
The 2 most viewed Salient Funds mutual funds shown here include SMLPX, KIFAX and span 2 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Salient MLP & Energy Infrastructure Fund | Energy Equities | 73 | 22.92% | — | Sep 2012 | BTPIX vs SMLPX | |
| Salient Select Income Fund | Preferred Stock/Convertible Bonds | 17 | 3.60% | — | Mar 2001 | BTPIX vs KIFAX |
Often Compared With BTPIX
Investors most often compare BTPIX with RLSIX, CRIHX, CDAZX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare BTPIX with Any Fund or Stock
Compare BTPIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BTPIX with funds that move differently
Salient Tactical Plus Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BTPIX.
Explore BTPIX Diversifiers