RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) belongs to the Tactical Allocation category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with OPP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OPP
Among 81 mutual funds in the Tactical Allocation category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs Balanced Strategy Portfolio | 0.19% | — | Jan 1998 | OPP vs GIPIX | |
| Goldman Sachs Growth and Income Strategy Portfolio | 0.19% | — | Jan 1998 | OPP vs GOIIX | |
| PIMCO All Asset All Authority Fund | 0.21% | — | Oct 2003 | OPP vs PAUIX | |
| Columbia Thermostat Fund | 0.24% | — | Sep 2002 | OPP vs COTZX | |
| GuidePath Flexible Income Allocation Fund | 0.50% | — | Aug 2012 | OPP vs GPIFX |
Best Risk-Adjusted Alternatives to OPP
OPP has a PortfoliosLab risk / return rank of 8. There are 75 mutual funds in the Tactical Allocation category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Astor Dynamic Allocation Fund | 93 | — | Oct 2009 | OPP vs ASTIX | |
| Hussman Strategic Total Return Fund | 92 | — | Sep 2002 | OPP vs HSTRX | |
| Donoghue Forlines Momentum Fund | 92 | — | Dec 2016 | OPP vs MOJOX | |
| Donoghue Forlines Tactical Allocation Fund | 91 | — | Apr 2018 | OPP vs GTAIX | |
| AQR Diversifying Strategies Fund Class N | 91 | — | Jun 2020 | OPP vs QDSNX |
Top Performing OPP Alternatives (YTD)
OPP is at 4.31% YTD. There are 63 mutual funds in the Tactical Allocation category with higher YTD returns, going as high as 50.00%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quantified Evolution Plus Fund | 50.00% | — | Sep 2019 | OPP vs QEVOX | |
| Donoghue Forlines Momentum Fund | 40.75% | — | Dec 2016 | OPP vs MOJOX | |
| Teberg Fund | 27.65% | — | Mar 2002 | OPP vs TEBRX | |
| Quantified STF Fund | 25.79% | — | Nov 2015 | OPP vs QSTFX | |
| Potomac Defensive Bull Fund | 22.18% | — | Jun 2020 | OPP vs CRDBX |
Lowest Volatility Alternatives to OPP
OPP has 8.53% 1-year volatility. There are 27 mutual funds in the Tactical Allocation category with lower 1-year volatility, going as low as 2.50%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | 2.50% | — | Aug 2012 | OPP vs GPIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 2.71% | — | Apr 2012 | OPP vs SIOAX | |
| Goldman Sachs TacticalTiltOverlayFund | 2.82% | — | Jul 2014 | OPP vs TTIFX | |
| Hussman Strategic Total Return Fund | 4.65% | — | Sep 2002 | OPP vs HSTRX | |
| Hundredfold Select Alternative Fund | 4.73% | — | Aug 2004 | OPP vs SFHYX |
Lowest Drawdown Alternatives to OPP
OPP has a 1-year max drawdown of -7.58%. There are 48 mutual funds in the Tactical Allocation category with shallower 1-year drawdowns, going as shallow as -1.69%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | -1.69% | — | Aug 2012 | OPP vs GPIFX | |
| Goldman Sachs TacticalTiltOverlayFund | -2.11% | — | Jul 2014 | OPP vs TTIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | -2.34% | — | Apr 2012 | OPP vs SIOAX | |
| Hussman Strategic Total Return Fund | -2.42% | — | Sep 2002 | OPP vs HSTRX | |
| Astor Dynamic Allocation Fund | -2.77% | — | Oct 2009 | OPP vs ASTIX |
Often Compared With OPP
Investors most often compare OPP with ABRZX, ABRYX, HFSAX. These 7 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Balanced-Risk Allocation Fund Class A | Tactical Allocation | 91 | 17.28% | — | Jun 2009 | OPP vs ABRZX | |
| Invesco Balanced-Risk Allocation Fund | Tactical Allocation | 91 | 17.36% | — | Jun 2009 | OPP vs ABRYX | |
| Hundredfold Select Alternative Fund Investor Class | Tactical Allocation | 43 | 0.79% | — | — | OPP vs HFSAX | |
| Upright Assets Allocation Plus Fund | Tactical Allocation | — | — | — | Oct 2017 | OPP vs UPAAX | |
| RESQ Dynamic Allocation Fund | Tactical Allocation | 86 | 7.94% | — | Dec 2013 | OPP vs RQEIX | |
| PIMCO All Asset Fund | Tactical Allocation | 91 | 9.05% | — | Nov 2002 | OPP vs PAAIX | |
| Quantified Market Leaders Fund | Tactical Allocation | 40 | 17.14% | — | Aug 2013 | OPP vs QMLFX |
Compare OPP with Any Fund or Stock
Compare OPP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OPP with funds that move differently
RiverNorth/DoubleLine Strategic Opportunity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OPP.
Explore OPP Diversifiers