Multi-Manager Directional Alternative Strategies Fund (CDAZX) Alternatives
Multi-Manager Directional Alternative Strategies Fund (CDAZX) 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 CDAZX. 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 CDAZX
CDAZX charges 1.84% annually. Among mutual funds in the Long-Short category, these options have the lowest expense ratios among CDAZX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | Jan 27, 2021 | CDAZX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | Jun 26, 2014 | CDAZX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | Jan 20, 2026 | CDAZX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | Nov 1, 2009 | CDAZX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | Dec 30, 2012 | CDAZX vs BTPIX |
Best Risk-Adjusted Alternatives to CDAZX
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 | CDAZX vs BDMIX | |
| AQR Long-Short Equity Fund | 94 | Jul 15, 2013 | CDAZX vs QLEIX | |
| AQR Long-Short Equity N | 94 | Jul 16, 2013 | CDAZX vs QLENX | |
| Vanguard Market Neutral Fund Institutional Shares | 93 | Oct 19, 1998 | CDAZX vs VMNIX | |
| Boston Partners Long/Short Equity Fund | 93 | Nov 16, 1998 | CDAZX vs BPLEX |
Top Performing CDAZX Alternatives (YTD)
CDAZX 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 | CDAZX vs SAOAX | |
| PIMCO RAE Worldwide Long/Short PLUS Fund | 9.51% | Dec 3, 2014 | CDAZX vs PWLIX | |
| Vanguard Market Neutral Fund Institutional Shares | 6.12% | Oct 19, 1998 | CDAZX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 6.09% | Nov 11, 1998 | CDAZX vs VMNFX | |
| Invenomic Fund Institutional Class | 6.05% | Jun 19, 2017 | CDAZX vs BIVIX |
Lowest Volatility Alternatives to CDAZX
CDAZX 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 | CDAZX vs MNWIX | |
| Neuberger Berman Long Short Fund | 6.34% | Dec 28, 2011 | CDAZX vs NLSIX | |
| Federated Hermes MDT Market Neutral A | 6.39% | Sep 30, 2008 | CDAZX vs QAMNX | |
| Knights of Columbus Long/Short Equity Fund | 6.52% | Dec 1, 2019 | CDAZX vs KCEIX | |
| AB Select US Long/Short Portfolio | 6.59% | Dec 11, 2012 | CDAZX vs ASILX |
Lowest Drawdown Alternatives to CDAZX
CDAZX 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 | CDAZX vs KCEIX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.60% | Dec 20, 2012 | CDAZX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.62% | Dec 11, 2012 | CDAZX vs ASILX | |
| Quantitative U.S. Long/Short Equity Portfolio | -4.15% | Sep 28, 2006 | CDAZX vs GTAPX | |
| Federated Hermes MDT Market Neutral A | -4.16% | Sep 30, 2008 | CDAZX vs QAMNX |
Other Mutual Funds from Columbia
Most popular Columbia mutual funds on PortfoliosLab, across asset classes.
Often Compared With CDAZX
What investors most often compare with CDAZX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Large Cap Growth Equities | 65 | -4.76% | Mar 10, 1999 | CDAZX vs QQQ | |
| Vanguard S&P 500 ETF | S&P 500 | 60 | -3.66% | Sep 7, 2010 | CDAZX vs VOO | |
| John Hancock Disciplined Value Global Long/Short F... | Long-Short | — | 4.41% | Apr 11, 2014 | CDAZX vs JAKVX |
Compare CDAZX with Any Fund or Stock
Compare CDAZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.