Matisse Discounted Bond CEF Strategy (MDFIX) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MDFIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MDFIX
MDFIX charges 0.99% annually. There are 55 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | MDFIX vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | MDFIX vs VMSAX | |
| JPMorgan Income Fund | 0.40% | — | Jun 2014 | MDFIX vs JMSIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 0.40% | — | Jul 2016 | MDFIX vs BWDTX | |
| Mercer Opportunistic Fixed Income Fund | 0.44% | — | Aug 2013 | MDFIX vs MOFIX |
Best Risk-Adjusted Alternatives to MDFIX
MDFIX has a PortfoliosLab risk / return rank of 33. There are 69 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | MDFIX vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | MDFIX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | MDFIX vs BWDTX | |
| CrossingBridge Low Duration High Yield Fund | 97 | — | Jan 2018 | MDFIX vs CBLDX | |
| Intrepid Income Fund | 97 | — | Jul 2007 | MDFIX vs ICMUX |
Top Performing MDFIX Alternatives (YTD)
MDFIX is at 0.46% YTD. There are 71 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 4.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Income Credit Strategies Fund | 4.22% | — | Jan 2011 | MDFIX vs ACP | |
| Saba Capital Income & Opportunities Fund | 3.83% | — | Dec 1987 | MDFIX vs BRW | |
| BrandywineGLOBAL - Flexible Bond Fund | 2.82% | — | May 2016 | MDFIX vs LFLIX | |
| Intrepid Income Fund | 2.43% | — | Jul 2007 | MDFIX vs ICMUX | |
| Nationwide Amundi Strategic Income Fund | 2.29% | — | Nov 2015 | MDFIX vs NWXHX |
Lowest Volatility Alternatives to MDFIX
MDFIX has 4.15% 1-year volatility. There are 73 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.16%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.16% | — | Nov 2015 | MDFIX vs NWXHX | |
| Nationwide Strategic Income A | 1.21% | — | Nov 2015 | MDFIX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.29% | — | Jul 2016 | MDFIX vs BWDTX | |
| CrossingBridge Low Duration High Yield Fund | 1.39% | — | Jan 2018 | MDFIX vs CBLDX | |
| Rational Special Situations Income Fund | 1.41% | — | Jul 2019 | MDFIX vs RFXIX |
Lowest Drawdown Alternatives to MDFIX
MDFIX has a 1-year max drawdown of -3.94%. There are 74 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | MDFIX vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | MDFIX vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | MDFIX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | MDFIX vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | MDFIX vs BWDTX |
Other Mutual Funds from Matisse Funds
The 1 most viewed Matisse Funds mutual funds shown here include MDCEX and span 1 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Matisse Discounted Closed-End Fund Strategy | Tactical Allocation | 68 | 7.83% | — | Oct 2012 | MDFIX vs MDCEX |
Often Compared With MDFIX
Investors most often compare MDFIX with FADMX, PTY, CEFS. These 15 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare MDFIX with Any Fund or Stock
Compare MDFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MDFIX with funds that move differently
Matisse Discounted Bond CEF Strategy alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MDFIX.
Explore MDFIX Diversifiers