Miller Market Neutral Income Fund Class I (MMNIX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to MMNIX
MMNIX charges 1.69% annually. Among mutual funds in the Equity Market Neutral category, these options have the lowest expense ratios among MMNIX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Gotham Neutral Fund Institutional Class | 1.51% | Aug 30, 2013 | MMNIX vs GONIX | |
| BlackRock Global Equity Market Neutral Fund | 1.60% | Dec 20, 2012 | MMNIX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 1.63% | Oct 15, 2024 | MMNIX vs BRGOX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 1.86% | Sep 30, 2008 | MMNIX vs QQMNX | |
| AQR Equity Market Neutral Fund N | 5.28% | Oct 7, 2014 | MMNIX vs QMNNX |
Best Risk-Adjusted Alternatives to MMNIX
Among mutual funds in the Equity Market Neutral category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Bridgeway Global Opportunities Fund Class N | 97 | Oct 15, 2024 | MMNIX vs BRGOX | |
| BlackRock Global Equity Market Neutral Fund | 96 | Dec 20, 2012 | MMNIX vs BDMAX | |
| AQR Equity Market Neutral Fund Class I | 81 | Oct 7, 2014 | MMNIX vs QMNIX | |
| AQR Equity Market Neutral Fund N | 80 | Oct 7, 2014 | MMNIX vs QMNNX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 74 | Sep 30, 2008 | MMNIX vs QQMNX |
Top Performing MMNIX Alternatives (YTD)
MMNIX alternatives from the Equity Market Neutral category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Bridgeway Global Opportunities Fund Class N | 6.16% | Oct 15, 2024 | MMNIX vs BRGOX | |
| BlackRock Global Equity Market Neutral Fund | 3.51% | Dec 20, 2012 | MMNIX vs BDMAX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 1.46% | Sep 30, 2008 | MMNIX vs QQMNX | |
| Gotham Neutral Fund Institutional Class | -1.40% | Aug 30, 2013 | MMNIX vs GONIX | |
| AQR Equity Market Neutral Fund Class I | -3.36% | Oct 7, 2014 | MMNIX vs QMNIX |
Lowest Volatility Alternatives to MMNIX
MMNIX alternatives from the Equity Market Neutral category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| AQR Equity Market Neutral Fund N | 6.30% | Oct 7, 2014 | MMNIX vs QMNNX | |
| AQR Equity Market Neutral Fund Class I | 6.32% | Oct 7, 2014 | MMNIX vs QMNIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 6.49% | Sep 30, 2008 | MMNIX vs QQMNX | |
| Gotham Neutral Fund Institutional Class | 6.72% | Aug 30, 2013 | MMNIX vs GONIX | |
| BlackRock Global Equity Market Neutral Fund | 6.91% | Dec 20, 2012 | MMNIX vs BDMAX |
Lowest Drawdown Alternatives to MMNIX
MMNIX alternatives from the Equity Market Neutral category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund | -3.61% | Dec 20, 2012 | MMNIX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | -3.78% | Oct 15, 2024 | MMNIX vs BRGOX | |
| Gotham Neutral Fund Institutional Class | -4.13% | Aug 30, 2013 | MMNIX vs GONIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | -4.37% | Sep 30, 2008 | MMNIX vs QQMNX | |
| AQR Equity Market Neutral Fund Class I | -5.43% | Oct 7, 2014 | MMNIX vs QMNIX |
Often Compared With MMNIX
What investors most often compare with MMNIX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| iShares Systematic Alternatives Active ETF | Multistrategy | — | 7.75% | Dec 9, 2025 | MMNIX vs IALT | |
| BlackRock Global Equity Market Neutral Fund Instit... | Equity Market Neutral | 96 | 3.62% | Jan 29, 2016 | MMNIX vs BGCKX |
Compare MMNIX with Any Fund or Stock
Compare MMNIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.