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% | 11.94M | 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 10. There are 34 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 95 | — | Dec 2012 | MNWIX vs BDMIX | |
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | MNWIX vs BPLEX | |
| Persimmon Long/Short Fund | 88 | — | Dec 2012 | MNWIX vs LSEIX | |
| Vanguard Market Neutral Fund Institutional Shares | 85 | — | Oct 1998 | MNWIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 85 | 561.90M | Nov 1998 | MNWIX vs VMNFX |
Top Performing MNWIX Alternatives (YTD)
MNWIX is at 1.58% YTD. There are 33 mutual funds in the Long-Short category with higher YTD returns, going as high as 14.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ACM Dynamic Opportunity Fund | 14.35% | — | Jan 2015 | MNWIX vs ADOIX | |
| CRM Long/Short Opportunities Fund | 13.87% | — | Aug 2016 | MNWIX vs CRIHX | |
| Boston Partners Long/Short Equity Fund | 13.57% | — | Nov 1998 | MNWIX vs BPLEX | |
| Vanguard Market Neutral Fund Investor Shares | 13.03% | 561.90M | Nov 1998 | MNWIX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 13.02% | — | Oct 1998 | MNWIX vs VMNIX |
Lowest Volatility Alternatives to MNWIX
MNWIX has 5.84% 1-year volatility. There are 2 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.22%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.22% | — | Dec 2011 | MNWIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.55% | — | Dec 2012 | MNWIX vs ASILX | |
| Knights of Columbus Long/Short Equity Fund | 6.05% | — | Dec 2019 | MNWIX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 6.16% | — | Jan 2012 | MNWIX vs WRAIX | |
| 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 17 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 | |
| BlackRock Global Long/Short Equity Fund Class I | -3.24% | — | Dec 2012 | MNWIX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | MNWIX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | MNWIX vs GARIX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include ECAT, WFSPX, LIVIX and span 9 categories. AUM among these funds goes as high as $11B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock ESG Capital Allocation Term Trust | Tactical Allocation, Derivative Income, ESG | 34 | 12.06% | — | Sep 2021 | MNWIX vs ECAT | |
| iShares S&P 500 Index Fund Class K | S&P 500 | 66 | 10.17% | — | Jul 1993 | MNWIX vs WFSPX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 67 | 12.50% | — | May 2011 | MNWIX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 76 | 12.03% | — | Dec 1991 | MNWIX vs FASGX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 31 | 2.24% | — | Aug 2005 | MNWIX vs BDJ | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 60 | 11.24% | — | Jul 2010 | MNWIX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 66 | 43.57% | — | Apr 2000 | MNWIX vs BGSAX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 79 | 7.59% | — | Oct 2007 | MNWIX vs FFANX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 75 | 14.24% | — | Sep 1999 | MNWIX vs FAMRX | |
| Vanguard Tax-Managed Small-Cap Fund Admiral Shares | Small Cap Blend Equities | 69 | 20.05% | 10.70B | Mar 1999 | MNWIX vs VTMSX |
Often Compared With MNWIX
Investors most often compare MNWIX with FDFIX, WAYEX, SAOAX. 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