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 22 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 51. There are 18 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 | |
| MAI Managed Volatility Fund | 93 | — | Sep 2010 | HMXIX vs MAIPX | |
| Easterly Hedged Equity Fund | 91 | — | Jul 2015 | HMXIX vs JDIEX | |
| Parametric Volatility Risk Premium - Defensive Fun... | 91 | — | Feb 2017 | HMXIX vs EIVPX | |
| Glenmede Secured Options Portfolio | 87 | — | Jun 2010 | HMXIX vs GTSOX |
Top Performing HMXIX Alternatives (YTD)
HMXIX is at 10.28% YTD. No mutual funds in the Options Trading category have higher YTD returns; the top-performing alternatives shown here go as high as 8.68%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Easterly Hedged Equity Fund | 8.68% | — | Jul 2015 | HMXIX vs JDIEX | |
| Swan Defined Risk Growth Fund | 6.92% | — | Dec 2018 | HMXIX vs SDAIX | |
| Swan Defined Risk Fund | 6.77% | — | Jul 2012 | HMXIX vs SDRIX | |
| Calamos Hedged Equity Fund | 6.67% | — | Dec 2014 | HMXIX vs CIHEX | |
| Cboe Vest US Large Cap 10% Buffer Fund | 6.52% | — | Aug 2016 | HMXIX vs BUIGX |
Lowest Volatility Alternatives to HMXIX
HMXIX has 12.08% 1-year volatility. There are 23 mutual funds in the Options Trading category with lower 1-year volatility, going as low as 0.84%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Princeton Premium Fund | 0.84% | — | Nov 2016 | HMXIX vs PPFIX | |
| Rational Tactical Return Fund | 3.49% | — | Apr 2007 | HMXIX vs HRSTX | |
| North SquareTrilogy Alternative Return Fund | 3.65% | — | Apr 2012 | HMXIX vs STTIX | |
| MAI Managed Volatility Fund | 4.70% | — | Sep 2010 | HMXIX vs MAIPX | |
| Beacon Planned Return Strategy Fund | 5.14% | — | 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 | |
| Rational Tactical Return Fund | -2.42% | — | Apr 2007 | HMXIX vs HRSTX | |
| North SquareTrilogy Alternative Return Fund | -2.86% | — | Apr 2012 | HMXIX vs STTIX | |
| 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 | 37 | -0.28% | — | May 2015 | HMXIX vs IOFIX | |
| AlphaCentric Symmetry Strategy Fund Class I | Multistrategy | 65 | 11.00% | — | Aug 2019 | HMXIX vs SYMIX | |
| AlphaCentric LifeSci Healthcare Fund | Health & Biotech Equities | 55 | -0.57% | — | Nov 2019 | HMXIX vs LYFIX | |
| AlphaCentric Robotics and Automation Fund | Global Equities | 21 | 21.52% | — | May 2017 | HMXIX vs GNXIX |
Often Compared With HMXIX
Investors most often compare HMXIX with MRSK, SHIIX, APLIX. These 10 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Agility Shares Managed Risk ETF | Hedge Fund | 53 | 5.23% | 320.77M | Jun 2020 | HMXIX vs MRSK | |
| Catalyst Buffered Shield Fund | Options Trading | 85 | 4.69% | — | Apr 2015 | HMXIX vs SHIIX | |
| Cavanal Hill Hedged Income Fund | Options Trading | 55 | 6.46% | — | Dec 2020 | HMXIX vs APLIX | |
| JPMorgan Hedged Equity Fund | Options Trading | 14 | -1.95% | — | Dec 2013 | HMXIX vs JHQAX | |
| Gateway Fund | Options Trading | 75 | 4.80% | — | Dec 1977 | HMXIX vs GATEX | |
| XAI Madison Equity Premium Income Fund | Options Trading | 10 | 2.18% | — | Jan 2015 | HMXIX vs MCN | |
| Horizon Defined Risk Fund | Options Trading | 68 | 4.88% | — | Dec 2017 | HMXIX vs HNDRX | |
| IPS Strategic Capital Absolute Return Fund | Options Trading | 15 | 3.87% | — | Apr 2016 | HMXIX vs IPSAX | |
| Eaton Vance Tax-Managed Buy-Write Income Fund | Options Trading | 43 | 5.02% | — | Apr 2005 | HMXIX vs ETB | |
| Ironclad Managed Risk Fund | Options Trading | 43 | 5.42% | — | Oct 2010 | HMXIX vs IRONX |
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