MFS Managed Wealth Fund (MNWIX) belongs to the Long-Short category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MNWIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MNWIX
MNWIX charges 0.67% annually. There is 1 mutual fund in the Long-Short category with a lower expense ratio, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | — | Jan 2021 | MNWIX vs PHSWX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 12.26M | Jan 2026 | MNWIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | MNWIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | MNWIX vs BTPIX | |
| Hussman Strategic Growth Fund | 1.15% | — | Jul 2000 | MNWIX vs HSGFX |
Best Risk-Adjusted Alternatives to MNWIX
MNWIX has a PortfoliosLab risk / return rank of 11. There are 35 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 96 | — | Nov 1998 | MNWIX vs BPLEX | |
| Vanguard Market Neutral Fund Investor Shares | 95 | 561.90M | Nov 1998 | MNWIX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 95 | — | Oct 1998 | MNWIX vs VMNIX | |
| John Hancock Disciplined Value Global Long/Short F... | 90 | — | Apr 2014 | MNWIX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 90 | — | Dec 2013 | MNWIX vs JAKRX |
Top Performing MNWIX Alternatives (YTD)
MNWIX is at 2.33% YTD. There are 32 mutual funds in the Long-Short category with higher YTD returns, going as high as 18.69%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 18.69% | — | Nov 1998 | MNWIX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 15.68% | — | Oct 1998 | MNWIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 15.68% | 561.90M | Nov 1998 | MNWIX vs VMNFX | |
| Guggenheim Alpha Opportunity Fund | 14.95% | — | Jul 2003 | MNWIX vs SAOAX | |
| Longboard Alternative Growth Fund | 13.48% | — | Mar 2015 | MNWIX vs LONGX |
Lowest Volatility Alternatives to MNWIX
MNWIX has 5.91% 1-year volatility. There are 2 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.29%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.29% | — | Dec 2011 | MNWIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.53% | — | Dec 2012 | MNWIX vs ASILX | |
| Wilmington Global Alpha Equities Fund | 6.23% | — | Jan 2012 | MNWIX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.30% | — | Dec 2019 | MNWIX vs KCEIX | |
| Federated Hermes MDT Market Neutral A | 6.70% | — | Sep 2008 | MNWIX vs QAMNX |
Lowest Drawdown Alternatives to MNWIX
MNWIX has a 1-year max drawdown of -5.57%. There are 16 mutual funds in the Long-Short category with shallower 1-year drawdowns, going as shallow as -2.82%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -2.82% | — | Dec 2019 | MNWIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | MNWIX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | MNWIX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | MNWIX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | MNWIX vs LSEIX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include ECAT, WFSPX, BDMIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock ESG Capital Allocation Term Trust | Tactical Allocation, Derivative Income, ESG | 38 | 14.88% | — | Sep 2021 | MNWIX vs ECAT | |
| iShares S&P 500 Index Fund Class K | S&P 500 | 65 | 10.85% | — | Jul 1993 | MNWIX vs WFSPX | |
| BlackRock Global Equity Market Neutral Fund Class ... | Equity Market Neutral | 96 | 11.25% | — | Dec 2012 | MNWIX vs BDMIX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 63 | 12.04% | — | May 2011 | MNWIX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 74 | 11.53% | — | Dec 1991 | MNWIX vs FASGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 51 | 9.30% | — | Jul 2010 | MNWIX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 39 | 6.19% | — | Aug 2005 | MNWIX vs BDJ | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 49 | 34.92% | — | Apr 2000 | MNWIX vs BGSAX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 77 | 7.24% | — | Oct 2007 | MNWIX vs FFANX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 73 | 13.68% | — | Sep 1999 | MNWIX vs FAMRX |
Often Compared With MNWIX
Investors most often compare MNWIX with FDFIX, WAYEX, CRIHX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare MNWIX with Any Fund or Stock
Compare MNWIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MNWIX with funds that move differently
MFS Managed Wealth Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MNWIX.
Explore MNWIX Diversifiers