Miller Market Neutral Income Fund Class I (MMNIX) belongs to the Equity Market Neutral category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MMNIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MMNIX
MMNIX charges 1.69% annually. There are 3 mutual funds in the Equity Market Neutral category with lower expense ratios, going as low as 1.51%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Gotham Neutral Fund Institutional Class | 1.51% | — | Aug 2013 | MMNIX vs GONIX | |
| BlackRock Global Equity Market Neutral Fund | 1.60% | — | Dec 2012 | MMNIX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 1.63% | — | Oct 2024 | MMNIX vs BRGOX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 1.86% | — | Sep 2008 | MMNIX vs QQMNX | |
| AQR Equity Market Neutral Fund N | 5.28% | — | Oct 2014 | MMNIX vs QMNNX |
Best Risk-Adjusted Alternatives to MMNIX
MMNIX has a PortfoliosLab risk / return rank of 99. No mutual funds in the Equity Market Neutral category have higher risk-adjusted ranks; the top alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund | 96 | — | Dec 2012 | MMNIX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 83 | — | Oct 2024 | MMNIX vs BRGOX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 7 | — | Sep 2008 | MMNIX vs QQMNX | |
| AQR Equity Market Neutral Fund Class I | 7 | — | Oct 2014 | MMNIX vs QMNIX | |
| AQR Equity Market Neutral Fund N | 6 | — | Oct 2014 | MMNIX vs QMNNX |
Top Performing MMNIX Alternatives (YTD)
MMNIX is at 4.04% YTD. There are 2 mutual funds in the Equity Market Neutral category with higher YTD returns, going as high as 12.84%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund | 12.84% | — | Dec 2012 | MMNIX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 7.11% | — | Oct 2024 | MMNIX vs BRGOX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | -1.05% | — | Sep 2008 | MMNIX vs QQMNX | |
| Gotham Neutral Fund Institutional Class | -2.93% | — | Aug 2013 | MMNIX vs GONIX | |
| AQR Equity Market Neutral Fund Class I | -6.33% | — | Oct 2014 | MMNIX vs QMNIX |
Lowest Volatility Alternatives to MMNIX
MMNIX has 1.59% 1-year volatility. No mutual funds in the Equity Market Neutral category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 5.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Gotham Neutral Fund Institutional Class | 5.58% | — | Aug 2013 | MMNIX vs GONIX | |
| AQR Equity Market Neutral Fund Class I | 6.67% | — | Oct 2014 | MMNIX vs QMNIX | |
| AQR Equity Market Neutral Fund N | 6.68% | — | Oct 2014 | MMNIX vs QMNNX | |
| Bridgeway Global Opportunities Fund Class N | 6.74% | — | Oct 2024 | MMNIX vs BRGOX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 6.77% | — | Sep 2008 | MMNIX vs QQMNX |
Lowest Drawdown Alternatives to MMNIX
MMNIX has a 1-year max drawdown of -0.46%. No mutual funds in the Equity Market Neutral category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -3.25%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund | -3.25% | — | Dec 2012 | MMNIX vs BDMAX | |
| Gotham Neutral Fund Institutional Class | -3.99% | — | Aug 2013 | MMNIX vs GONIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | -4.37% | — | Sep 2008 | MMNIX vs QQMNX | |
| Bridgeway Global Opportunities Fund Class N | -4.37% | — | Oct 2024 | MMNIX vs BRGOX | |
| AQR Equity Market Neutral Fund Class I | -8.30% | — | Oct 2014 | MMNIX vs QMNIX |
Often Compared With MMNIX
Investors most often compare MMNIX with IALT, BGCKX, JAKRX. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare MMNIX with Any Fund or Stock
Compare MMNIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MMNIX with funds that move differently
Miller Market Neutral Income Fund Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MMNIX.
Explore MMNIX Diversifiers