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 68. There are 29 mutual funds in the Tactical Allocation category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Astor Dynamic Allocation Fund | 97 | — | Oct 2009 | MDCEX vs ASTIX | |
| Invesco Balanced-Risk Allocation Fund | 95 | — | Jun 2009 | MDCEX vs ABRYX | |
| Invesco Balanced-Risk Allocation Fund Class A | 95 | — | Jun 2009 | MDCEX vs ABRZX | |
| RESQ Dynamic Allocation Fund | 95 | — | Dec 2013 | MDCEX vs RQEIX | |
| Potomac Defensive Bull Fund | 93 | — | Jun 2020 | MDCEX vs CRDBX |
Top Performing MDCEX Alternatives (YTD)
MDCEX is at 7.83% YTD. There are 44 mutual funds in the Tactical Allocation category with higher YTD returns, going as high as 55.72%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quantified Evolution Plus Fund | 55.72% | — | Sep 2019 | MDCEX vs QEVOX | |
| Donoghue Forlines Momentum Fund | 37.80% | — | Dec 2016 | MDCEX vs MOJOX | |
| Teberg Fund | 29.45% | — | Mar 2002 | MDCEX vs TEBRX | |
| Invesco Balanced-Risk Allocation Fund | 21.28% | — | Jun 2009 | MDCEX vs ABRYX | |
| Invesco Balanced-Risk Allocation Fund Class A | 21.20% | — | Jun 2009 | MDCEX vs ABRZX |
Lowest Volatility Alternatives to MDCEX
MDCEX has 10.89% 1-year volatility. There are 52 mutual funds in the Tactical Allocation category with lower 1-year volatility, going as low as 2.41%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | 2.41% | — | Aug 2012 | MDCEX vs GPIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 2.58% | — | Apr 2012 | MDCEX vs SIOAX | |
| Goldman Sachs TacticalTiltOverlayFund | 2.74% | — | Jul 2014 | MDCEX vs TTIFX | |
| Hundredfold Select Alternative Fund | 4.53% | — | Aug 2004 | MDCEX vs SFHYX | |
| Hundredfold Select Alternative Fund Investor Class | 4.53% | — | — | MDCEX vs HFSAX |
Lowest Drawdown Alternatives to MDCEX
MDCEX has a 1-year max drawdown of -9.27%. There are 61 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 | |
| AQR Diversifying Strategies Fund Class N | -1.97% | — | Jun 2020 | MDCEX vs QDSNX | |
| 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 | -2.42% | — | Sep 2002 | MDCEX vs HSTRX |
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 | 0.46% | — | Apr 2020 | MDCEX vs MDFIX |
Often Compared With MDCEX
Investors most often compare MDCEX with SPY, MOOD, PBAIX. These 9 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 70 | 10.91% | 781.00B | Jan 1993 | MDCEX vs SPY | |
| Relative Sentiment Tactical Allocation ETF | Tactical Allocation | 72 | 14.40% | 110.78M | May 2022 | MDCEX vs MOOD | |
| BlackRock Tactical Opportunities Fund Institutiona... | Tactical Allocation | 66 | 9.80% | — | Jun 1993 | MDCEX vs PBAIX | |
| PIMCO Dynamic Income Strategy Fund | Tactical Allocation | 10 | 18.39% | — | Feb 2019 | MDCEX vs PDX | |
| BNY Mellon Global Real Return Fund - Class I | Tactical Allocation | 79 | 7.29% | — | May 2010 | MDCEX vs DRRIX | |
| Upright Assets Allocation Plus Fund | Tactical Allocation | — | — | — | Oct 2017 | MDCEX vs UPAAX | |
| PIMCO All Asset Fund | Tactical Allocation | 91 | 9.42% | — | Nov 2002 | MDCEX vs PAAIX | |
| PIMCO All Asset Fund Class A | Tactical Allocation | 90 | 9.23% | — | Apr 2008 | MDCEX vs PASAX | |
| Donoghue Forlines Tactical Allocation Fund | Tactical Allocation | 89 | 12.59% | — | Apr 2018 | MDCEX vs GTAIX |
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