MFS Managed Wealth Fund (MNWIX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to MNWIX
MNWIX charges 0.67% annually. Among mutual funds in the Long-Short category, these options have the lowest expense ratios among MNWIX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | Jan 27, 2021 | MNWIX vs PHSWX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | Jan 20, 2026 | MNWIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | Nov 1, 2009 | MNWIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | Dec 30, 2012 | MNWIX vs BTPIX | |
| Hussman Strategic Growth Fund | 1.15% | Jul 24, 2000 | MNWIX vs HSGFX |
Best Risk-Adjusted Alternatives to MNWIX
Among mutual funds in the Long-Short 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 | |
|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 96 | Dec 20, 2012 | MNWIX vs BDMIX | |
| AQR Long-Short Equity Fund | 94 | Jul 15, 2013 | MNWIX vs QLEIX | |
| AQR Long-Short Equity N | 93 | Jul 16, 2013 | MNWIX vs QLENX | |
| Vanguard Market Neutral Fund Institutional Shares | 93 | Oct 19, 1998 | MNWIX vs VMNIX | |
| Boston Partners Long/Short Equity Fund | 93 | Nov 16, 1998 | MNWIX vs BPLEX |
Top Performing MNWIX Alternatives (YTD)
MNWIX alternatives from the Long-Short category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Guggenheim Alpha Opportunity Fund | 10.14% | Jul 6, 2003 | MNWIX vs SAOAX | |
| PIMCO RAE Worldwide Long/Short PLUS Fund | 9.51% | Dec 3, 2014 | MNWIX vs PWLIX | |
| Vanguard Market Neutral Fund Institutional Shares | 6.12% | Oct 19, 1998 | MNWIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 6.09% | Nov 11, 1998 | MNWIX vs VMNFX | |
| Invenomic Fund Institutional Class | 6.05% | Jun 19, 2017 | MNWIX vs BIVIX |
Lowest Volatility Alternatives to MNWIX
MNWIX alternatives from the Long-Short category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 6.34% | Dec 28, 2011 | MNWIX vs NLSIX | |
| Federated Hermes MDT Market Neutral A | 6.39% | Sep 30, 2008 | MNWIX vs QAMNX | |
| Knights of Columbus Long/Short Equity Fund | 6.52% | Dec 1, 2019 | MNWIX vs KCEIX | |
| AB Select US Long/Short Portfolio | 6.59% | Dec 11, 2012 | MNWIX vs ASILX | |
| BlackRock Global Long/Short Equity Fund Class I | 6.91% | Dec 20, 2012 | MNWIX vs BDMIX |
Lowest Drawdown Alternatives to MNWIX
MNWIX alternatives from the Long-Short category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -3.50% | Dec 1, 2019 | MNWIX vs KCEIX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.60% | Dec 20, 2012 | MNWIX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.62% | Dec 11, 2012 | MNWIX vs ASILX | |
| Quantitative U.S. Long/Short Equity Portfolio | -4.15% | Sep 28, 2006 | MNWIX vs GTAPX | |
| Federated Hermes MDT Market Neutral A | -4.16% | Sep 30, 2008 | MNWIX vs QAMNX |
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Often Compared With MNWIX
What investors most often compare with MNWIX, 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.