MFS Global Alternative Strategy Fund (DVRIX) belongs to the Macro Trading 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 2 mutual funds in the Macro Trading category with lower expense ratios, going as low as 0.78%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Global Absolute Return Strategies Fund | 0.78% | — | Oct 1990 | DVRIX vs CGFIX | |
| Fulcrum Diversified Absolute Return Fund | 1.04% | — | Jul 2015 | DVRIX vs FARYX | |
| BlackRock Tactical Opportunities Fund | 1.08% | — | Dec 1988 | DVRIX vs PCBAX | |
| AQR Macro Opportunities Fund | 1.20% | — | Apr 2014 | DVRIX vs QGMIX | |
| Quantified Alternative Investment Fund | 1.33% | — | Aug 2013 | DVRIX vs QALTX |
Best Risk-Adjusted Alternatives to DVRIX
DVRIX has a PortfoliosLab risk / return rank of 34. There are 10 mutual funds in the Macro Trading category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 98 | — | Dec 2012 | DVRIX vs EGRAX | |
| Catalyst/Millburn Hedge Strategy Fund | 91 | — | Dec 2015 | DVRIX vs MBXAX | |
| BlackRock Tactical Opportunities Fund | 81 | — | Dec 1988 | DVRIX vs PCBAX | |
| Standpoint Multi-Asset Fund Investor Class | 80 | — | Dec 2019 | DVRIX vs REMIX | |
| Rational/ReSolve Adaptive Asset Allocation Fund | 80 | — | Sep 2016 | DVRIX vs RDMIX |
Top Performing DVRIX Alternatives (YTD)
DVRIX is at 1.96% YTD. There are 13 mutual funds in the Macro Trading category with higher YTD returns, going as high as 14.38%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund | 14.38% | — | Dec 2015 | DVRIX vs MBXAX | |
| Standpoint Multi-Asset Fund Investor Class | 13.09% | — | Dec 2019 | DVRIX vs REMIX | |
| Rational/ReSolve Adaptive Asset Allocation Fund | 12.42% | — | Sep 2016 | DVRIX vs RDMIX | |
| BlackRock Tactical Opportunities Fund | 9.99% | — | Dec 1988 | DVRIX vs PCBAX | |
| JHancock Diversified Macro Fund | 9.74% | — | Jul 2019 | DVRIX vs JDJIX |
Lowest Volatility Alternatives to DVRIX
DVRIX has 3.72% 1-year volatility. There are 2 mutual funds in the Macro Trading category with lower 1-year volatility, going as low as 3.09%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Global Absolute Return Strategies Fund | 3.09% | — | Oct 1990 | DVRIX vs CGFIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 3.57% | — | Dec 2012 | DVRIX vs EGRAX | |
| OnTrack Core Fund | 4.13% | — | Jan 2013 | DVRIX vs OTRFX | |
| Dunham Dynamic Macro Fund | 4.29% | — | Apr 2010 | DVRIX vs DNAVX | |
| BlackRock Tactical Opportunities Fund | 5.71% | — | Dec 1988 | DVRIX vs PCBAX |
Lowest Drawdown Alternatives to DVRIX
DVRIX has a 1-year max drawdown of -3.08%. There are 3 mutual funds in the Macro Trading category with shallower 1-year drawdowns, going as shallow as -2.78%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Global Absolute Return Strategies Fund | -2.78% | — | Oct 1990 | DVRIX vs CGFIX | |
| OnTrack Core Fund | -3.02% | — | Jan 2013 | DVRIX vs OTRFX | |
| BlackRock Tactical Opportunities Fund | -3.04% | — | Dec 1988 | DVRIX vs PCBAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | -3.35% | — | Dec 2012 | DVRIX vs EGRAX | |
| Dunham Dynamic Macro Fund | -3.83% | — | Apr 2010 | DVRIX vs DNAVX |
Other Mutual Funds from MFS
The 10 most viewed MFS mutual funds shown here include MIEIX, MEIKX, MEIIX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MFS International Equity Fund Class R6 | Foreign Large Cap Equities | 14 | 4.58% | — | Jan 1996 | DVRIX vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 42 | 9.49% | — | May 2006 | DVRIX vs MEIKX | |
| MFS Value Fund Class I | Large Cap Value Equities | 41 | 9.42% | — | Feb 1996 | DVRIX vs MEIIX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 36 | 9.55% | — | Sep 2004 | DVRIX vs MDIJX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 5 | -1.61% | — | Jan 1935 | DVRIX vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 9 | 4.83% | — | Jun 2012 | DVRIX vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 9 | 4.78% | — | Jul 1997 | DVRIX vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 26 | 5.42% | — | — | DVRIX vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 40 | 9.27% | — | Jan 1996 | DVRIX vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 36 | 8.81% | — | Jul 1924 | DVRIX vs MITTX |
Often Compared With DVRIX
Investors most often compare DVRIX with BIL, AQMIX, HFGM. These 20 comparison targets span 12 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