Longboard Fund (LONGX) 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 LONGX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to LONGX
LONGX charges 1.99% annually. There are 40 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 | LONGX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | LONGX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 12.07M | Jan 2026 | LONGX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | LONGX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | LONGX vs BTPIX |
Best Risk-Adjusted Alternatives to LONGX
LONGX has a PortfoliosLab risk / return rank of 60. There are 18 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 | LONGX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 97 | — | Oct 1998 | LONGX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 97 | 601.30M | Nov 1998 | LONGX vs VMNFX | |
| Quantitative U.S. Long/Short Equity Portfolio | 95 | — | Sep 2006 | LONGX vs GTAPX | |
| Knights of Columbus Long/Short Equity Fund | 95 | — | Dec 2019 | LONGX vs KCEIX |
Top Performing LONGX Alternatives (YTD)
LONGX is at 13.15% YTD. There are 5 mutual funds in the Long-Short category with higher YTD returns, going as high as 21.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 21.35% | — | Nov 1998 | LONGX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 16.18% | — | Oct 1998 | LONGX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 16.18% | 601.30M | Nov 1998 | LONGX vs VMNFX | |
| Guggenheim Alpha Opportunity Fund | 15.92% | — | Jul 2003 | LONGX vs SAOAX | |
| Wasatch Long/Short Alpha Fund | 13.20% | — | Sep 2021 | LONGX vs WALSX |
Lowest Volatility Alternatives to LONGX
LONGX has 10.97% 1-year volatility. There are 30 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.67%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.67% | — | Dec 2011 | LONGX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.75% | — | Dec 2012 | LONGX vs ASILX | |
| MFS Managed Wealth Fund | 6.03% | — | Jun 2014 | LONGX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.25% | — | Jan 2012 | LONGX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.51% | — | Dec 2019 | LONGX vs KCEIX |
Lowest Drawdown Alternatives to LONGX
LONGX has a 1-year max drawdown of -7.09%. There are 25 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 | LONGX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | LONGX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | LONGX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | LONGX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | LONGX vs LSEIX |
Often Compared With LONGX
Investors most often compare LONGX with QMHIX, DFFVX, MBXIX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare LONGX with Any Fund or Stock
Compare LONGX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair LONGX with funds that move differently
Longboard Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to LONGX.
Explore LONGX Diversifiers