M3Sixty Income and Opportunity Fund (HIOIX) 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 HIOIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HIOIX
HIOIX charges 2.19% annually. There are 45 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 | HIOIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | HIOIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 12.07M | Jan 2026 | HIOIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | HIOIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | HIOIX vs BTPIX |
Best Risk-Adjusted Alternatives to HIOIX
HIOIX has a PortfoliosLab risk / return rank of 4. There are 44 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 | HIOIX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 97 | — | Oct 1998 | HIOIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 97 | 601.30M | Nov 1998 | HIOIX vs VMNFX | |
| Knights of Columbus Long/Short Equity Fund | 96 | — | Dec 2019 | HIOIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | 96 | — | Sep 2006 | HIOIX vs GTAPX |
Top Performing HIOIX Alternatives (YTD)
HIOIX is at -4.16% YTD. There are 50 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 | HIOIX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 16.69% | — | Oct 1998 | HIOIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 16.68% | 601.30M | Nov 1998 | HIOIX vs VMNFX | |
| Guggenheim Alpha Opportunity Fund | 15.53% | — | Jul 2003 | HIOIX vs SAOAX | |
| Wasatch Long/Short Alpha Fund | 13.61% | — | Sep 2021 | HIOIX vs WALSX |
Lowest Volatility Alternatives to HIOIX
HIOIX has 17.42% 1-year volatility. There are 48 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 | HIOIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.74% | — | Dec 2012 | HIOIX vs ASILX | |
| MFS Managed Wealth Fund | 6.02% | — | Jun 2014 | HIOIX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.26% | — | Jan 2012 | HIOIX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.62% | — | Dec 2019 | HIOIX vs KCEIX |
Lowest Drawdown Alternatives to HIOIX
HIOIX has a 1-year max drawdown of -12.58%. There are 41 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 | HIOIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | HIOIX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | HIOIX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | HIOIX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | HIOIX vs LSEIX |
Often Compared With HIOIX
Investors most often compare HIOIX with RQI, FSCO, JEPI. These 19 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare HIOIX with Any Fund or Stock
Compare HIOIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HIOIX with funds that move differently
M3Sixty Income and Opportunity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HIOIX.
Explore HIOIX Diversifiers