Matisse Discounted Closed-End Fund Strategy (MDCEX) belongs to the Tactical Allocation category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MDCEX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MDCEX
MDCEX charges 1.25% annually. There are 33 mutual funds in the Tactical Allocation category with lower expense ratios, going as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs Growth and Income Strategy Portfolio | 0.19% | — | Jan 1998 | MDCEX vs GOIIX | |
| Goldman Sachs Balanced Strategy Portfolio | 0.19% | — | Jan 1998 | MDCEX vs GIPIX | |
| PIMCO All Asset All Authority Fund | 0.21% | — | Oct 2003 | MDCEX vs PAUIX | |
| Columbia Thermostat Fund | 0.24% | — | Sep 2002 | MDCEX vs COTZX | |
| GuidePath Flexible Income Allocation Fund | 0.50% | — | Aug 2012 | MDCEX vs GPIFX |
Best Risk-Adjusted Alternatives to MDCEX
MDCEX has a PortfoliosLab risk / return rank of 44. There are 50 mutual funds in the Tactical Allocation category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Hussman Strategic Total Return Fund | 94 | — | Sep 2002 | MDCEX vs HSTRX | |
| Invesco Balanced-Risk Allocation Fund | 93 | — | Jun 2009 | MDCEX vs ABRYX | |
| Astor Dynamic Allocation Fund | 93 | — | Oct 2009 | MDCEX vs ASTIX | |
| PIMCO All Asset Fund | 93 | — | Nov 2002 | MDCEX vs PAAIX | |
| Invesco Balanced-Risk Allocation Fund Class A | 93 | — | Jun 2009 | MDCEX vs ABRZX |
Top Performing MDCEX Alternatives (YTD)
MDCEX is at 7.09% YTD. There are 48 mutual funds in the Tactical Allocation category with higher YTD returns, going as high as 49.00%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quantified Evolution Plus Fund | 49.00% | — | Sep 2019 | MDCEX vs QEVOX | |
| Donoghue Forlines Momentum Fund | 39.31% | — | Dec 2016 | MDCEX vs MOJOX | |
| Teberg Fund | 25.67% | — | Mar 2002 | MDCEX vs TEBRX | |
| Quantified STF Fund | 22.82% | — | Nov 2015 | MDCEX vs QSTFX | |
| Potomac Defensive Bull Fund | 22.10% | — | Jun 2020 | MDCEX vs CRDBX |
Lowest Volatility Alternatives to MDCEX
MDCEX has 11.44% 1-year volatility. There are 52 mutual funds in the Tactical Allocation category with lower 1-year volatility, going as low as 2.51%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | 2.51% | — | Aug 2012 | MDCEX vs GPIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 2.72% | — | Apr 2012 | MDCEX vs SIOAX | |
| Goldman Sachs TacticalTiltOverlayFund | 2.83% | — | Jul 2014 | MDCEX vs TTIFX | |
| Hussman Strategic Total Return Fund | 4.66% | — | Sep 2002 | MDCEX vs HSTRX | |
| Hundredfold Select Alternative Fund | 4.72% | — | Aug 2004 | MDCEX vs SFHYX |
Lowest Drawdown Alternatives to MDCEX
MDCEX has a 1-year max drawdown of -9.27%. There are 60 mutual funds in the Tactical Allocation category with shallower 1-year drawdowns, going as shallow as -1.69%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | -1.69% | — | Aug 2012 | MDCEX vs GPIFX | |
| Goldman Sachs TacticalTiltOverlayFund | -2.11% | — | Jul 2014 | MDCEX vs TTIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | -2.34% | — | Apr 2012 | MDCEX vs SIOAX | |
| Hussman Strategic Total Return Fund | -2.48% | — | Sep 2002 | MDCEX vs HSTRX | |
| Astor Dynamic Allocation Fund | -2.77% | — | Oct 2009 | MDCEX vs ASTIX |
Other Mutual Funds from Matisse Funds
The 1 most viewed Matisse Funds mutual funds shown here include MDFIX and span 1 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Matisse Discounted Bond CEF Strategy | Multisector Bonds | 33 | 0.67% | — | Apr 2020 | MDCEX vs MDFIX |
Often Compared With MDCEX
Investors most often compare MDCEX with SPY, MOOD, PBAIX. These 15 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare MDCEX with Any Fund or Stock
Compare MDCEX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MDCEX with funds that move differently
Matisse Discounted Closed-End Fund Strategy alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MDCEX.
Explore MDCEX Diversifiers