Driehaus Event Driven Fund (DEVDX) belongs to the Event Driven category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with DEVDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DEVDX
DEVDX charges 1.66% annually. There are 11 mutual funds in the Event Driven category with lower expense ratios, going as low as 0.79%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli ABC Fund | 0.79% | — | May 1993 | DEVDX vs GABCX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 1.01% | — | Feb 2001 | DEVDX vs EMAYX | |
| BlackRock Event Driven Equity Fund | 1.16% | — | Dec 2007 | DEVDX vs BILPX | |
| The Merger Fund Class I | 1.32% | — | Aug 2013 | DEVDX vs MERIX | |
| The Arbitrage Fund | 1.43% | — | Sep 2000 | DEVDX vs ARBFX |
Best Risk-Adjusted Alternatives to DEVDX
Among 16 mutual funds in the Event Driven category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| NexPoint Merger Arbitrage Fund | 99 | — | Aug 2016 | DEVDX vs HMEZX | |
| The Merger Fund Class I | 98 | — | Aug 2013 | DEVDX vs MERIX | |
| Vivaldi Merger Arbitrage Fund Class I | 98 | — | Oct 2015 | DEVDX vs VARBX | |
| The Arbitrage Fund Class Institutional | 97 | — | Oct 2003 | DEVDX vs ARBNX | |
| The Merger Fund | 97 | — | Jan 1989 | DEVDX vs MERFX |
Top Performing DEVDX Alternatives (YTD)
Among 16 mutual funds in the Event Driven category with YTD return data, the top-performing alternatives shown here go as high as 7.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli Enterprise Mergers and Acquisitions Fund | 7.89% | — | Feb 2001 | DEVDX vs EMAYX | |
| Gabelli ABC Fund | 4.60% | — | May 1993 | DEVDX vs GABCX | |
| Camelot Event-Driven Fund Institutional Class | 3.13% | — | Jun 2010 | DEVDX vs EVDIX | |
| Camelot Event Driven Fund Class A | 3.02% | — | Nov 2003 | DEVDX vs EVDAX | |
| NexPoint Merger Arbitrage Fund | 1.72% | — | Aug 2016 | DEVDX vs HMEZX |
Lowest Volatility Alternatives to DEVDX
Among 16 mutual funds in the Event Driven category with 1-year volatility data, the lowest-volatility alternatives shown here go as low as 1.12%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 1.12% | — | Oct 2015 | DEVDX vs VARBX | |
| NexPoint Merger Arbitrage Fund | 1.23% | — | Aug 2016 | DEVDX vs HMEZX | |
| The Merger Fund Class I | 1.40% | — | Aug 2013 | DEVDX vs MERIX | |
| The Merger Fund | 1.43% | — | Jan 1989 | DEVDX vs MERFX | |
| Virtus Westchester Credit Event Fund | 1.67% | — | Dec 2017 | DEVDX vs WCFRX |
Lowest Drawdown Alternatives to DEVDX
Among 16 mutual funds in the Event Driven category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.47%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| The Merger Fund Class I | -0.47% | — | Aug 2013 | DEVDX vs MERIX | |
| The Merger Fund | -0.52% | — | Jan 1989 | DEVDX vs MERFX | |
| NexPoint Merger Arbitrage Fund | -0.55% | — | Aug 2016 | DEVDX vs HMEZX | |
| Vivaldi Merger Arbitrage Fund Class I | -0.64% | — | Oct 2015 | DEVDX vs VARBX | |
| The Arbitrage Fund | -0.88% | — | Sep 2000 | DEVDX vs ARBFX |
Other Mutual Funds from Driehaus
The 7 most viewed Driehaus mutual funds shown here include DMCRX, DVSMX, DRIOX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Driehaus Micro Cap Growth Fund | Small Cap Growth Equities | 80 | 25.51% | — | Nov 2013 | DEVDX vs DMCRX | |
| Driehaus Small Cap Growth Fund | Small Cap Growth Equities | 59 | 19.46% | — | Aug 2017 | DEVDX vs DVSMX | |
| Driehaus International Small Cap Growth Fund | Foreign Small & Mid Cap Equities | 23 | 13.20% | — | Sep 2007 | DEVDX vs DRIOX | |
| Driehaus Emerging Markets Small Cap Growth Fund | Emerging Markets Diversified | 81 | 20.11% | — | Aug 2011 | DEVDX vs DRESX | |
| Driehaus Emerging Markets Growth Fund | Emerging Markets Diversified | 87 | 30.36% | — | Dec 1997 | DEVDX vs DREGX | |
| Driehaus Emerging Markets Opportunities Fund | Emerging Markets Diversified | 73 | 19.21% | — | Apr 2017 | DEVDX vs DMAGX | |
| Driehaus Small/Mid Cap Growth Fund | Mid Cap Growth Equities | 45 | 20.77% | — | Apr 2020 | DEVDX vs DSMDX |
Often Compared With DEVDX
Investors most often compare DEVDX with VOO, DAMDX, AEDNX. These 3 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | S&P 500 | 70 | 10.91% | 1.60T | Sep 2010 | DEVDX vs VOO | |
| Dunham Monthly Distribution Fund | Event Driven | 96 | 1.28% | — | Jul 2008 | DEVDX vs DAMDX | |
| Water Island Event-Driven Fund | Event Driven | 92 | 1.64% | — | Sep 2010 | DEVDX vs AEDNX |
Compare DEVDX with Any Fund or Stock
Compare DEVDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DEVDX with funds that move differently
Driehaus Event Driven Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DEVDX.
Explore DEVDX Diversifiers