AlphaCentric Premium Opportunity Fund (HMXIX) belongs to the Options Trading category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with HMXIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HMXIX
HMXIX charges 1.99% annually. There are 23 mutual funds in the Options Trading category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Volatility Risk Premium - Defensive Fun... | 0.47% | — | Feb 2017 | HMXIX vs EIVPX | |
| JPMorgan Hedged Equity 2 Fund Class I | 0.60% | — | Feb 2021 | HMXIX vs JHQDX | |
| JPMorgan Hedged Equity 3 Fund | 0.60% | — | Feb 2021 | HMXIX vs JHQTX | |
| Gateway Equity Call Premium Fund | 0.68% | — | Sep 2014 | HMXIX vs GCPYX | |
| Gateway Fund Class Y Shares | 0.70% | — | — | HMXIX vs GTEYX |
Best Risk-Adjusted Alternatives to HMXIX
HMXIX has a PortfoliosLab risk / return rank of 40. There are 20 mutual funds in the Options Trading category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Princeton Premium Fund | 100 | — | Nov 2016 | HMXIX vs PPFIX | |
| Easterly Hedged Equity Fund | 89 | — | Jul 2015 | HMXIX vs JDIEX | |
| Parametric Volatility Risk Premium - Defensive Fun... | 87 | — | Feb 2017 | HMXIX vs EIVPX | |
| MAI Managed Volatility Fund | 87 | — | Sep 2010 | HMXIX vs MAIPX | |
| Glenmede Secured Options Portfolio | 86 | — | Jun 2010 | HMXIX vs GTSOX |
Top Performing HMXIX Alternatives (YTD)
HMXIX is at 7.82% YTD. No mutual funds in the Options Trading category have higher YTD returns; the top-performing alternatives shown here go as high as 7.43%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 7.43% | — | Jan 2007 | HMXIX vs QQQX | |
| Easterly Hedged Equity Fund | 7.41% | — | Jul 2015 | HMXIX vs JDIEX | |
| Glenmede Secured Options Portfolio | 6.35% | — | Jun 2010 | HMXIX vs GTSOX | |
| Cboe Vest US Large Cap 10% Buffer Fund | 6.26% | — | Aug 2016 | HMXIX vs BUIGX | |
| Parametric Volatility Risk Premium - Defensive Fun... | 5.68% | — | Feb 2017 | HMXIX vs EIVPX |
Lowest Volatility Alternatives to HMXIX
HMXIX has 12.92% 1-year volatility. There are 23 mutual funds in the Options Trading category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Princeton Premium Fund | 0.85% | — | Nov 2016 | HMXIX vs PPFIX | |
| North SquareTrilogy Alternative Return Fund | 3.56% | — | Apr 2012 | HMXIX vs STTIX | |
| MAI Managed Volatility Fund | 4.82% | — | Sep 2010 | HMXIX vs MAIPX | |
| Rational Tactical Return Fund | 4.89% | — | Apr 2007 | HMXIX vs HRSTX | |
| Beacon Planned Return Strategy Fund | 5.21% | — | Oct 2017 | HMXIX vs BPRLX |
Lowest Drawdown Alternatives to HMXIX
HMXIX has a 1-year max drawdown of -8.69%. There are 22 mutual funds in the Options Trading category with shallower 1-year drawdowns, going as shallow as -0.25%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Princeton Premium Fund | -0.25% | — | Nov 2016 | HMXIX vs PPFIX | |
| North SquareTrilogy Alternative Return Fund | -2.86% | — | Apr 2012 | HMXIX vs STTIX | |
| Rational Tactical Return Fund | -3.09% | — | Apr 2007 | HMXIX vs HRSTX | |
| MAI Managed Volatility Fund | -3.10% | — | Sep 2010 | HMXIX vs MAIPX | |
| Easterly Hedged Equity Fund | -3.49% | — | Jul 2015 | HMXIX vs JDIEX |
Other Mutual Funds from AlphaCentric Funds
The 4 most viewed AlphaCentric Funds mutual funds shown here include IOFIX, SYMIX, LYFIX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AlphaCentric Income Opportunities Fund | Multisector Bonds | 16 | -0.56% | — | May 2015 | HMXIX vs IOFIX | |
| AlphaCentric Symmetry Strategy Fund Class I | Multistrategy | 65 | 7.60% | — | Aug 2019 | HMXIX vs SYMIX | |
| AlphaCentric LifeSci Healthcare Fund | Health & Biotech Equities | 83 | 9.31% | — | Nov 2019 | HMXIX vs LYFIX | |
| AlphaCentric Robotics and Automation Fund | Global Equities | 9 | 0.17% | — | May 2017 | HMXIX vs GNXIX |
Often Compared With HMXIX
Investors most often compare HMXIX with MRSK, CIHEX, APLIX. These 13 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare HMXIX with Any Fund or Stock
Compare HMXIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HMXIX with funds that move differently
AlphaCentric Premium Opportunity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HMXIX.
Explore HMXIX Diversifiers