Calamos Phineus Long/Short Fund (CPLIX) 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 CPLIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CPLIX
CPLIX charges 1.38% annually. There are 16 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 | CPLIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | CPLIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 11.94M | Jan 2026 | CPLIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | CPLIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | CPLIX vs BTPIX |
Best Risk-Adjusted Alternatives to CPLIX
CPLIX has a PortfoliosLab risk / return rank of 4. There are 41 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 96 | — | Dec 2012 | CPLIX vs BDMIX | |
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | CPLIX vs BPLEX | |
| Persimmon Long/Short Fund | 88 | — | Dec 2012 | CPLIX vs LSEIX | |
| Vanguard Market Neutral Fund Institutional Shares | 88 | — | Oct 1998 | CPLIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 88 | 561.90M | Nov 1998 | CPLIX vs VMNFX |
Top Performing CPLIX Alternatives (YTD)
CPLIX is at -0.59% YTD. There are 37 mutual funds in the Long-Short category with higher YTD returns, going as high as 14.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ACM Dynamic Opportunity Fund | 14.62% | — | Jan 2015 | CPLIX vs ADOIX | |
| Vanguard Market Neutral Fund Investor Shares | 14.39% | 561.90M | Nov 1998 | CPLIX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 14.39% | — | Oct 1998 | CPLIX vs VMNIX | |
| CRM Long/Short Opportunities Fund | 13.95% | — | Aug 2016 | CPLIX vs CRIHX | |
| Boston Partners Long/Short Equity Fund | 13.85% | — | Nov 1998 | CPLIX vs BPLEX |
Lowest Volatility Alternatives to CPLIX
CPLIX has 9.47% 1-year volatility. There are 23 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.29%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.29% | — | Dec 2011 | CPLIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.56% | — | Dec 2012 | CPLIX vs ASILX | |
| MFS Managed Wealth Fund | 5.86% | — | Jun 2014 | CPLIX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 6.07% | — | Dec 2019 | CPLIX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 6.17% | — | Jan 2012 | CPLIX vs WRAIX |
Lowest Drawdown Alternatives to CPLIX
CPLIX has a 1-year max drawdown of -8.73%. There are 31 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 | CPLIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | CPLIX vs GTAPX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.24% | — | Dec 2012 | CPLIX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | CPLIX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | CPLIX vs GARIX |
Other Mutual Funds from Calamos
The 10 most viewed Calamos mutual funds shown here include CMNIX, CSQ, CTSIX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Calamos Market Neutral Income Fund Institutional C... | 98 | 2.83% | — | May 2000 | CPLIX vs CMNIX | ||
| Calamos Strategic Total Return Fund | Diversified Portfolio | 30 | 9.07% | — | Mar 2004 | CPLIX vs CSQ | |
| Calamos Timpani Small Cap Growth Fund | Small Cap Growth Equities | 79 | 37.63% | — | Mar 2011 | CPLIX vs CTSIX | |
| Calamos Convertible Opportunities and Income Fund | Convertible Bonds | 81 | 29.12% | — | Jun 1997 | CPLIX vs CHI | |
| Calamos Growth and Income Fund | Diversified Portfolio | 66 | 11.18% | — | Sep 1988 | CPLIX vs CVTRX | |
| Calamos Hedged Equity Fund | Options Trading | 71 | 5.21% | — | Dec 2014 | CPLIX vs CIHEX | |
| Calamos Convertible and High Income Closed Fund | Convertible Bonds | 77 | 22.15% | — | May 2003 | CPLIX vs CHY | |
| Calamos Global Equity Fund | Global Equities | 47 | 22.14% | — | Feb 2007 | CPLIX vs CIGEX | |
| Calamos High Income Opportunities Fund | High Yield Bonds | 88 | 2.03% | — | Aug 1999 | CPLIX vs CHYDX | |
| Calamos Evolving World Growth Fund Class I | Emerging Markets Equities | 83 | 51.83% | — | — | CPLIX vs CNWIX |
Often Compared With CPLIX
Investors most often compare CPLIX with WAYEX, FTLS, QLEIX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare CPLIX with Any Fund or Stock
Compare CPLIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CPLIX with funds that move differently
Calamos Phineus Long/Short Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CPLIX.
Explore CPLIX Diversifiers