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 a closer substitute for your current allocation.
Cheapest Alternatives to CDAZX
CDAZX charges 1.84% annually. There are 34 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 | CDAZX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | CDAZX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 12.26M | Jan 2026 | CDAZX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | CDAZX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | CDAZX vs BTPIX |
Best Risk-Adjusted Alternatives to CDAZX
CDAZX has a PortfoliosLab risk / return rank of 90. There are 6 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 97 | — | Nov 1998 | CDAZX vs BPLEX | |
| Vanguard Market Neutral Fund Investor Shares | 96 | 561.90M | Nov 1998 | CDAZX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 96 | — | Oct 1998 | CDAZX vs VMNIX | |
| John Hancock Disciplined Value Global Long/Short F... | 90 | — | Apr 2014 | CDAZX vs JAKVX | |
| Quantitative U.S. Long/Short Equity Portfolio | 90 | — | Sep 2006 | CDAZX vs GTAPX |
Top Performing CDAZX Alternatives (YTD)
CDAZX is at 9.54% YTD. There are 13 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 | CDAZX vs BPLEX | |
| Guggenheim Alpha Opportunity Fund | 16.35% | — | Jul 2003 | CDAZX vs SAOAX | |
| Vanguard Market Neutral Fund Investor Shares | 15.97% | 561.90M | Nov 1998 | CDAZX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 15.97% | — | Oct 1998 | CDAZX vs VMNIX | |
| Longboard Alternative Growth Fund | 13.08% | — | Mar 2015 | CDAZX vs LONGX |
Lowest Volatility Alternatives to CDAZX
CDAZX has 9.76% 1-year volatility. There are 24 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.30% | — | Dec 2011 | CDAZX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.55% | — | Dec 2012 | CDAZX vs ASILX | |
| MFS Managed Wealth Fund | 5.92% | — | Jun 2014 | CDAZX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.24% | — | Jan 2012 | CDAZX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.30% | — | Dec 2019 | CDAZX vs KCEIX |
Lowest Drawdown Alternatives to CDAZX
CDAZX has a 1-year max drawdown of -7.32%. There are 27 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 | CDAZX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | CDAZX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | CDAZX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | CDAZX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | CDAZX vs LSEIX |
Other Mutual Funds from Columbia
The 10 most viewed Columbia mutual funds shown here include SLMCX, GSFTX, CDDYX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Columbia Seligman Technology and Information Fund | Technology Equities | 95 | 49.58% | — | Jun 1983 | CDAZX vs SLMCX | |
| Columbia Dividend Income Fund | Large Cap Value Equities | 87 | 11.64% | — | Mar 1998 | CDAZX vs GSFTX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | Large Cap Value Equities, Dividend | 87 | 11.73% | — | Nov 2012 | CDAZX vs CDDYX | |
| Columbia Dividend Income Fund Class A | Large Cap Value Equities | 86 | 11.51% | — | Nov 2002 | CDAZX vs LBSAX | |
| Columbia Seligman Global Technology Fund | Technology Equities | 94 | 48.54% | — | May 1994 | CDAZX vs SHGTX | |
| Columbia Global Technology Growth Fund Class A | Technology Equities, Large Cap Growth Equities | 54 | 22.83% | — | Nov 2000 | CDAZX vs CTCAX | |
| Columbia Global Technology Growth Fund | Technology Equities | 55 | 22.99% | — | Nov 2000 | CDAZX vs CMTFX | |
| Columbia Contrarian Core Fund | Large Cap Blend Equities | 44 | 9.43% | — | Dec 1992 | CDAZX vs SMGIX | |
| Columbia Balanced Fund | Diversified Portfolio | 48 | 5.94% | — | Sep 1991 | CDAZX vs CBALX | |
| Columbia Overseas Value Fund | Foreign Large Cap Equities | 41 | 5.79% | — | Mar 2008 | CDAZX vs COSZX |
Often Compared With CDAZX
Investors most often compare CDAZX with QQQ, VOO, BIVIX. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare CDAZX with Any Fund or Stock
Compare CDAZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CDAZX with funds that move differently
Multi-Manager Directional Alternative Strategies Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CDAZX.
Explore CDAZX Diversifiers