AlphaCentric Income Opportunities Fund (IOFIX) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with IOFIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IOFIX
IOFIX charges 1.65% annually. There are 78 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | IOFIX vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | IOFIX vs VMSAX | |
| JPMorgan Income Fund Class I | 0.40% | — | Jun 2014 | IOFIX vs JMSIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 0.40% | — | Jul 2016 | IOFIX vs BWDTX | |
| Mercer Opportunistic Fixed Income Fund | 0.44% | — | Aug 2013 | IOFIX vs MOFIX |
Best Risk-Adjusted Alternatives to IOFIX
IOFIX has a PortfoliosLab risk / return rank of 39. There are 54 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | IOFIX vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | IOFIX vs NWXEX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | IOFIX vs RFXIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | IOFIX vs BWDTX | |
| Oaktree Diversified Income Fund Inc. Class D | 98 | — | Nov 2021 | IOFIX vs ODIDX |
Top Performing IOFIX Alternatives (YTD)
IOFIX is at 0.42% YTD. There are 49 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 3.47%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Income Credit Strategies Fund | 3.47% | — | Jan 2011 | IOFIX vs ACP | |
| BrandywineGLOBAL - Flexible Bond Fund | 3.07% | — | May 2016 | IOFIX vs LFLIX | |
| Saba Capital Income & Opportunities Fund | 3.06% | — | Dec 1987 | IOFIX vs BRW | |
| Intrepid Income Fund | 2.85% | — | Aug 2010 | IOFIX vs ICMUX | |
| Nationwide Amundi Strategic Income Fund | 2.57% | — | Nov 2015 | IOFIX vs NWXHX |
Lowest Volatility Alternatives to IOFIX
IOFIX has 4.05% 1-year volatility. There are 70 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.17%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.17% | — | Nov 2015 | IOFIX vs NWXHX | |
| Nationwide Strategic Income A | 1.24% | — | Nov 2015 | IOFIX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.31% | — | Jul 2016 | IOFIX vs BWDTX | |
| Rational Special Situations Income Fund | 1.38% | — | Jul 2019 | IOFIX vs RFXIX | |
| Oaktree Diversified Income Fund Inc. Class D | 1.47% | — | Nov 2021 | IOFIX vs ODIDX |
Lowest Drawdown Alternatives to IOFIX
IOFIX has a 1-year max drawdown of -2.98%. There are 58 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | IOFIX vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | IOFIX vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | IOFIX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | IOFIX vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | IOFIX vs BWDTX |
Other Mutual Funds from AlphaCentric Funds
The 4 most viewed AlphaCentric Funds mutual funds shown here include SYMIX, LYFIX, HMXIX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AlphaCentric Symmetry Strategy Fund Class I | Multistrategy | 82 | 11.07% | — | Aug 2019 | IOFIX vs SYMIX | |
| AlphaCentric LifeSci Healthcare Fund | Health & Biotech Equities | 94 | 15.97% | — | Nov 2019 | IOFIX vs LYFIX | |
| AlphaCentric Premium Opportunity Fund | Options Trading | 30 | 7.85% | — | Sep 2016 | IOFIX vs HMXIX | |
| AlphaCentric Robotics and Automation Fund | Global Equities | 2 | -19.19% | — | May 2017 | IOFIX vs GNXIX |
Often Compared With IOFIX
Investors most often compare IOFIX with PGF, VOO, SPY. These 19 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare IOFIX with Any Fund or Stock
Compare IOFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IOFIX with funds that move differently
AlphaCentric Income Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IOFIX.
Explore IOFIX Diversifiers