MFS Global Alternative Strategy Fund (DVRIX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with DVRIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DVRIX
DVRIX charges 1.05% annually. There are 12 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | DVRIX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | DVRIX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | DVRIX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | DVRIX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | DVRIX vs JAAAX |
Best Risk-Adjusted Alternatives to DVRIX
DVRIX has a PortfoliosLab risk / return rank of 42. There are 48 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | DVRIX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | DVRIX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | DVRIX vs FSLTX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | DVRIX vs BXMIX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | DVRIX vs ADAIX |
Top Performing DVRIX Alternatives (YTD)
DVRIX is at 2.66% YTD. There are 54 mutual funds in the Multistrategy category with higher YTD returns, going as high as 22.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 22.83% | — | Sep 2017 | DVRIX vs QRPRX | |
| AQR Alternative Risk Premia Fund - Class I | 22.71% | — | Sep 2017 | DVRIX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 22.58% | — | Sep 2017 | DVRIX vs QRPNX | |
| AQR Style Premia Alternative Fund - Class I | 18.03% | — | Oct 2013 | DVRIX vs QSPIX | |
| AQR Style Premia Alternative R6 | 18.03% | — | Sep 2014 | DVRIX vs QSPRX |
Lowest Volatility Alternatives to DVRIX
DVRIX has 3.80% 1-year volatility. There are 19 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.25% | — | Aug 2017 | DVRIX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.49% | — | Jan 2009 | DVRIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.49% | — | Jan 2009 | DVRIX vs ADANX | |
| Strategic Advisers Alternatives Fund | 2.26% | — | Jul 2022 | DVRIX vs FSLTX | |
| Morningstar Alternatives Fund | 2.29% | — | Nov 2018 | DVRIX vs MSTVX |
Lowest Drawdown Alternatives to DVRIX
DVRIX has a 1-year max drawdown of -3.08%. There are 23 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | DVRIX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | DVRIX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class I | -0.60% | — | Jan 2009 | DVRIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | -0.60% | — | Jan 2009 | DVRIX vs ADANX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | DVRIX vs FSLTX |
Other Mutual Funds from MFS
The 10 most viewed MFS mutual funds shown here include MIEIX, MEIKX, MDIJX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MFS International Equity Fund Class R6 | Foreign Large Cap Equities | 37 | 8.45% | — | Jan 1996 | DVRIX vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 75 | 11.15% | — | May 2006 | DVRIX vs MEIKX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 57 | 11.17% | — | Sep 2004 | DVRIX vs MDIJX | |
| MFS Value Fund Class I | Large Cap Value Equities | 74 | 11.07% | — | Feb 1996 | DVRIX vs MEIIX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 5 | -2.12% | — | Jan 1935 | DVRIX vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 6 | 1.45% | — | Jun 2012 | DVRIX vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 6 | 1.39% | — | Jul 1997 | DVRIX vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 44 | 8.16% | — | — | DVRIX vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 73 | 10.91% | — | Jan 1996 | DVRIX vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 33 | 7.99% | — | Jul 1924 | DVRIX vs MITTX |
Often Compared With DVRIX
Investors most often compare DVRIX with QGMIX, BIL, AQMIX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare DVRIX with Any Fund or Stock
Compare DVRIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DVRIX with funds that move differently
MFS Global Alternative Strategy Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DVRIX.
Explore DVRIX Diversifiers