LS Opportunity Fund - Institutional Class (LSOFX) 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 LSOFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to LSOFX
LSOFX charges 1.95% 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 | LSOFX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | LSOFX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 11.58M | Jan 2026 | LSOFX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | LSOFX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | LSOFX vs BTPIX |
Best Risk-Adjusted Alternatives to LSOFX
LSOFX has a PortfoliosLab risk / return rank of 7. There are 37 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| John Hancock Disciplined Value Global Long/Short F... | 94 | — | Apr 2014 | LSOFX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 94 | — | Dec 2013 | LSOFX vs JAKRX | |
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | LSOFX vs BPLEX | |
| BlackRock Global Long/Short Equity Fund Class I | 92 | — | Dec 2012 | LSOFX vs BDMIX | |
| Gotham Absolute Return Fund | 88 | — | Aug 2012 | LSOFX vs GARIX |
Top Performing LSOFX Alternatives (YTD)
LSOFX is at 1.39% YTD. There are 33 mutual funds in the Long-Short category with higher YTD returns, going as high as 18.07%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Guggenheim Alpha Opportunity Fund | 18.07% | — | Jul 2003 | LSOFX vs SAOAX | |
| ACM Dynamic Opportunity Fund | 13.72% | — | Jan 2015 | LSOFX vs ADOIX | |
| John Hancock Disciplined Value Global Long/Short F... | 13.49% | — | Apr 2014 | LSOFX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 13.30% | — | Dec 2013 | LSOFX vs JAKRX | |
| BlackRock Global Long/Short Equity Fund Class I | 12.48% | — | Dec 2012 | LSOFX vs BDMIX |
Lowest Volatility Alternatives to LSOFX
LSOFX has 7.80% 1-year volatility. There are 14 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 4.91%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 4.91% | — | Dec 2011 | LSOFX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.31% | — | Dec 2012 | LSOFX vs ASILX | |
| MFS Managed Wealth Fund | 5.54% | — | Jun 2014 | LSOFX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 5.85% | — | Dec 2019 | LSOFX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 5.91% | — | Jan 2012 | LSOFX vs WRAIX |
Lowest Drawdown Alternatives to LSOFX
LSOFX has a 1-year max drawdown of -5.36%. There are 17 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 | LSOFX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | LSOFX vs GTAPX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.54% | — | Dec 2012 | LSOFX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | LSOFX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | LSOFX vs GARIX |
Often Compared With LSOFX
Investors most often compare LSOFX with ATRFX, BIVIX, QLEIX. These 12 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Catalyst Systematic Alpha Class I | Multistrategy | 9 | 0.09% | — | Jul 2014 | LSOFX vs ATRFX | |
| Invenomic Fund Institutional Class | Long-Short | 2 | -13.33% | — | Jun 2017 | LSOFX vs BIVIX | |
| AQR Long-Short Equity Fund | Long-Short | 53 | 0.38% | — | Jul 2013 | LSOFX vs QLEIX | |
| Vanguard Market Neutral Fund Investor Shares | Long-Short | 62 | 12.03% | 508.80M | Nov 1998 | LSOFX vs VMNFX | |
| AQR Long-Short Equity N | Long-Short | 51 | 0.29% | — | Jul 2013 | LSOFX vs QLENX | |
| PIMCO RAE Worldwide Long/Short PLUS Fund | Long-Short | 2 | -0.41% | — | Dec 2014 | LSOFX vs PWLIX | |
| Vanguard Market Neutral Fund Institutional Shares | Long-Short | 63 | 12.09% | — | Oct 1998 | LSOFX vs VMNIX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 6 | -0.14% | — | Sep 2008 | LSOFX vs QAMNX | |
| Easterly Snow Capital Long/Short Opportunity Fund | Long-Short | 79 | 9.80% | — | Apr 2006 | LSOFX vs SNOIX | |
| Wasatch Long/Short Alpha Fund | Long-Short | 2 | 5.30% | — | Sep 2021 | LSOFX vs WALSX | |
| Persimmon Long/Short Fund | Long-Short | 77 | 6.29% | — | Dec 2012 | LSOFX vs LSEIX | |
| Anchor Risk Managed Equity Strategies Fund | Long-Short | 36 | 12.48% | — | Sep 2016 | LSOFX vs ATESX |
Compare LSOFX with Any Fund or Stock
Compare LSOFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair LSOFX with funds that move differently
LS Opportunity Fund - Institutional Class alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to LSOFX.
Explore LSOFX Diversifiers