Meeder Spectrum Fund (FLSPX) 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 FLSPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FLSPX
FLSPX charges 1.52% annually. There are 21 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 | FLSPX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | FLSPX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 12.07M | Jan 2026 | FLSPX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | FLSPX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | FLSPX vs BTPIX |
Best Risk-Adjusted Alternatives to FLSPX
FLSPX has a PortfoliosLab risk / return rank of 73. There are 16 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 98 | — | Nov 1998 | FLSPX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 97 | — | Oct 1998 | FLSPX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 97 | 601.30M | Nov 1998 | FLSPX vs VMNFX | |
| Knights of Columbus Long/Short Equity Fund | 96 | — | Dec 2019 | FLSPX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | 96 | — | Sep 2006 | FLSPX vs GTAPX |
Top Performing FLSPX Alternatives (YTD)
FLSPX is at 10.62% YTD. There are 12 mutual funds in the Long-Short category with higher YTD returns, going as high as 21.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 21.25% | — | Nov 1998 | FLSPX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 16.69% | — | Oct 1998 | FLSPX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 16.68% | 601.30M | Nov 1998 | FLSPX vs VMNFX | |
| Guggenheim Alpha Opportunity Fund | 15.53% | — | Jul 2003 | FLSPX vs SAOAX | |
| Wasatch Long/Short Alpha Fund | 13.61% | — | Sep 2021 | FLSPX vs WALSX |
Lowest Volatility Alternatives to FLSPX
FLSPX has 12.98% 1-year volatility. There are 38 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.55% | — | Dec 2011 | FLSPX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.74% | — | Dec 2012 | FLSPX vs ASILX | |
| MFS Managed Wealth Fund | 6.02% | — | Jun 2014 | FLSPX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.26% | — | Jan 2012 | FLSPX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.62% | — | Dec 2019 | FLSPX vs KCEIX |
Lowest Drawdown Alternatives to FLSPX
FLSPX has a 1-year max drawdown of -8.73%. There are 29 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 | FLSPX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | FLSPX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | FLSPX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | FLSPX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | FLSPX vs LSEIX |
Other Mutual Funds from Meeder Funds
The 8 most viewed Meeder Funds mutual funds shown here include FLDGX, FLCGX, FLFGX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Meeder Dynamic Allocation Fund | Diversified Portfolio | 74 | 11.89% | — | Feb 2000 | FLSPX vs FLDGX | |
| Meeder Quantex Fund | Mid Cap Value Equities | 37 | 5.65% | — | Mar 1985 | FLSPX vs FLCGX | |
| Meeder Global Allocation Fund | Global Allocation | 70 | 11.55% | — | Jan 2006 | FLSPX vs FLFGX | |
| Meeder Muirfield Fund | Tactical Allocation | 70 | 11.07% | — | Aug 1988 | FLSPX vs FLMFX | |
| Meeder Moderate Allocation Fund | Diversified Portfolio | 66 | 5.84% | — | Jun 2015 | FLSPX vs FLDOX | |
| Meeder Tactical Income Fund | Nontraditional Bonds | 87 | 1.49% | — | Jun 2011 | FLSPX vs FLBDX | |
| Meeder Conservative Allocation Fund | Diversified Portfolio | 54 | 3.30% | — | Jun 1995 | FLSPX vs FLRUX | |
| Meeder Balanced Fund | Tactical Allocation | 69 | 8.26% | — | Jan 2006 | FLSPX vs FLDFX |
Often Compared With FLSPX
Investors most often compare FLSPX with BPIRX, DIAMX, AVUV. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare FLSPX with Any Fund or Stock
Compare FLSPX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FLSPX with funds that move differently
Meeder Spectrum Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FLSPX.
Explore FLSPX Diversifiers