Salient Tactical Plus Fund (BTPIX) Alternatives

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to BTPIX

BTPIX charges 1.08% annually. Among mutual funds in the Long-Short category, these options have the lowest expense ratios among BTPIX alternatives.

Symbol	Name	Expense Ratio	Inception
PHSWX	Parvin Hedged Equity Solari World Fund	0.01%	Jan 27, 2021	BTPIX vs PHSWX
MNWIX	MFS Managed Wealth Fund	0.67%	Jun 26, 2014	BTPIX vs MNWIX
WTLS	WisdomTree Efficient Long/Short US Equity Fund	0.88%	Jan 20, 2026	BTPIX vs WTLS
SPEDX	Alger Dynamic Opportunities Fund	0.91%	Nov 1, 2009	BTPIX vs SPEDX
HSGFX	Hussman Strategic Growth Fund	1.15%	Jul 24, 2000	BTPIX vs HSGFX

Best Risk-Adjusted Alternatives to BTPIX

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
BDMIX	BlackRock Global Long/Short Equity Fund Class I	96	Dec 20, 2012	BTPIX vs BDMIX
QLEIX	AQR Long-Short Equity Fund	94	Jul 15, 2013	BTPIX vs QLEIX
QLENX	AQR Long-Short Equity N	93	Jul 16, 2013	BTPIX vs QLENX
VMNIX	Vanguard Market Neutral Fund Institutional Shares	93	Oct 19, 1998	BTPIX vs VMNIX
BPLEX	Boston Partners Long/Short Equity Fund	93	Nov 16, 1998	BTPIX vs BPLEX

Top Performing BTPIX Alternatives (YTD)

BTPIX alternatives from the Long-Short category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
SAOAX	Guggenheim Alpha Opportunity Fund	10.14%	Jul 6, 2003	BTPIX vs SAOAX
PWLIX	PIMCO RAE Worldwide Long/Short PLUS Fund	9.51%	Dec 3, 2014	BTPIX vs PWLIX
VMNIX	Vanguard Market Neutral Fund Institutional Shares	6.12%	Oct 19, 1998	BTPIX vs VMNIX
VMNFX	Vanguard Market Neutral Fund Investor Shares	6.09%	Nov 11, 1998	BTPIX vs VMNFX
BIVIX	Invenomic Fund Institutional Class	6.05%	Jun 19, 2017	BTPIX vs BIVIX

Lowest Volatility Alternatives to BTPIX

BTPIX alternatives from the Long-Short category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
MNWIX	MFS Managed Wealth Fund	5.68%	Jun 26, 2014	BTPIX vs MNWIX
NLSIX	Neuberger Berman Long Short Fund	6.34%	Dec 28, 2011	BTPIX vs NLSIX
QAMNX	Federated Hermes MDT Market Neutral A	6.39%	Sep 30, 2008	BTPIX vs QAMNX
KCEIX	Knights of Columbus Long/Short Equity Fund	6.52%	Dec 1, 2019	BTPIX vs KCEIX
ASILX	AB Select US Long/Short Portfolio	6.59%	Dec 11, 2012	BTPIX vs ASILX

Lowest Drawdown Alternatives to BTPIX

BTPIX alternatives from the Long-Short category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
KCEIX	Knights of Columbus Long/Short Equity Fund	-3.50%	Dec 1, 2019	BTPIX vs KCEIX
BDMIX	BlackRock Global Long/Short Equity Fund Class I	-3.60%	Dec 20, 2012	BTPIX vs BDMIX
ASILX	AB Select US Long/Short Portfolio	-3.62%	Dec 11, 2012	BTPIX vs ASILX
GTAPX	Quantitative U.S. Long/Short Equity Portfolio	-4.15%	Sep 28, 2006	BTPIX vs GTAPX
QAMNX	Federated Hermes MDT Market Neutral A	-4.16%	Sep 30, 2008	BTPIX vs QAMNX

Other Mutual Funds from Salient Funds

Most popular Salient Funds mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
SMLPX	Salient MLP & Energy Infrastructure Fund	Energy Equities	51	20.14%	Sep 18, 2012	BTPIX vs SMLPX
KIFAX	Salient Select Income Fund	Preferred Stock/Convertible Bonds	7	-2.46%	Mar 29, 2001	BTPIX vs KIFAX

Often Compared With BTPIX

What investors most often compare with BTPIX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
RLSIX	RiverPark Long/Short Opportunity Fund	Long-Short	6	-12.16%	Mar 29, 2012	BTPIX vs RLSIX
CRIHX	CRM Long/Short Opportunities Fund	Long-Short	22	-1.18%	Aug 15, 2016	BTPIX vs CRIHX
CDAZX	Multi-Manager Directional Alternative Strategies F...	Long-Short	86	-4.07%	Jan 2, 2017	BTPIX vs CDAZX
ATESX	Anchor Risk Managed Equity Strategies Fund	Long-Short	39	-1.11%	Sep 5, 2016	BTPIX vs ATESX
GARIX	Gotham Absolute Return Fund	Long-Short	82	-1.21%	Aug 30, 2012	BTPIX vs GARIX
BIVRX	Invenomic Fund	Long-Short	13	5.94%	Jun 18, 2017	BTPIX vs BIVRX
TTDAX	Toews Tactical Defensive Alpha Fund	Long-Short	45	-5.84%	Jan 6, 2016	BTPIX vs TTDAX
SNOIX	Easterly Snow Capital Long/Short Opportunity Fund	Long-Short	80	4.60%	Apr 27, 2006	BTPIX vs SNOIX
WRAIX	Wilmington Global Alpha Equities Fund	Long-Short	23	-2.64%	Jan 11, 2012	BTPIX vs WRAIX
GTRFX	Gotham Total Return Fund	Long-Short	46	-2.40%	Mar 30, 2015	BTPIX vs GTRFX
LONGX	Longboard Alternative Growth Fund	Long-Short	15	0.33%	Mar 15, 2015	BTPIX vs LONGX
NELIX	Nuveen Equity Long/Short Fund	Long-Short	47	-4.35%	Dec 29, 2008	BTPIX vs NELIX
WAYEX	Waycross Long/Short Equity Fund	Long-Short	42	-7.02%	Apr 28, 2015	BTPIX vs WAYEX
BPIRX	Boston Partners Long/Short Research Fund	Long-Short	62	-2.07%	Sep 29, 2010	BTPIX vs BPIRX
WALSX	Wasatch Long/Short Alpha Fund	Long-Short	2	1.55%	Sep 30, 2021	BTPIX vs WALSX
WPOPX	Weitz Partners III Opportunity Fund	Long-Short	2	-9.58%	Dec 29, 2005	BTPIX vs WPOPX
BGX	Blackstone Long-Short Credit Income Fund	Long-Short	2	-5.12%	Jan 27, 2011	BTPIX vs BGX
CPIEX	Counterpoint Tactical Equity Fund	Long-Short	18	-1.52%	Nov 29, 2015	BTPIX vs CPIEX
HHCZX	NexPoint Event Driven Fund	Long-Short	5	-7.03%	May 4, 2008	BTPIX vs HHCZX
VOLSX	ABR 75/25 Volatility Fund	Long-Short	3	-11.00%	Aug 2, 2020	BTPIX vs VOLSX

Compare BTPIX with Any Fund or Stock

Compare BTPIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Salient Tactical Plus Fund

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