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 37 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% | 12.07M | 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 23. There are 28 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 | LSOFX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 97 | — | Oct 1998 | LSOFX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 97 | 601.30M | Nov 1998 | LSOFX vs VMNFX | |
| Quantitative U.S. Long/Short Equity Portfolio | 95 | — | Sep 2006 | LSOFX vs GTAPX | |
| Knights of Columbus Long/Short Equity Fund | 95 | — | Dec 2019 | LSOFX vs KCEIX |
Top Performing LSOFX Alternatives (YTD)
LSOFX is at 5.59% YTD. There are 27 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 | LSOFX vs BPLEX | |
| Vanguard Market Neutral Fund Investor Shares | 16.18% | 601.30M | Nov 1998 | LSOFX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 16.18% | — | Oct 1998 | LSOFX vs VMNIX | |
| Guggenheim Alpha Opportunity Fund | 15.92% | — | Jul 2003 | LSOFX vs SAOAX | |
| Wasatch Long/Short Alpha Fund | 13.20% | — | Sep 2021 | LSOFX vs WALSX |
Lowest Volatility Alternatives to LSOFX
LSOFX has 8.20% 1-year volatility. There are 15 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 | LSOFX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.75% | — | Dec 2012 | LSOFX vs ASILX | |
| MFS Managed Wealth Fund | 6.03% | — | Jun 2014 | LSOFX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.25% | — | Jan 2012 | LSOFX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.51% | — | Dec 2019 | LSOFX vs KCEIX |
Lowest Drawdown Alternatives to LSOFX
LSOFX has a 1-year max drawdown of -5.36%. There are 15 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 | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | LSOFX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | LSOFX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | LSOFX vs LSEIX |
Often Compared With LSOFX
Investors most often compare LSOFX with BIVIX, ATRFX, JAKRX. These 17 comparison targets span 4 categories, based on PortfoliosLab usage data.
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