PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) 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 PWLIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PWLIX
PWLIX charges 1.19% annually. There are 6 mutual funds in the Long-Short category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | — | Jan 2021 | PWLIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | PWLIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 11.94M | Jan 2026 | PWLIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | PWLIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | PWLIX vs BTPIX |
Best Risk-Adjusted Alternatives to PWLIX
PWLIX has a PortfoliosLab risk / return rank of 3. There are 43 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 96 | — | Dec 2012 | PWLIX vs BDMIX | |
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | PWLIX vs BPLEX | |
| Persimmon Long/Short Fund | 88 | — | Dec 2012 | PWLIX vs LSEIX | |
| Vanguard Market Neutral Fund Institutional Shares | 88 | — | Oct 1998 | PWLIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 88 | 561.90M | Nov 1998 | PWLIX vs VMNFX |
Top Performing PWLIX Alternatives (YTD)
PWLIX is at -1.77% YTD. There are 43 mutual funds in the Long-Short category with higher YTD returns, going as high as 14.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ACM Dynamic Opportunity Fund | 14.62% | — | Jan 2015 | PWLIX vs ADOIX | |
| Vanguard Market Neutral Fund Investor Shares | 14.39% | 561.90M | Nov 1998 | PWLIX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 14.39% | — | Oct 1998 | PWLIX vs VMNIX | |
| CRM Long/Short Opportunities Fund | 13.95% | — | Aug 2016 | PWLIX vs CRIHX | |
| Boston Partners Long/Short Equity Fund | 13.85% | — | Nov 1998 | PWLIX vs BPLEX |
Lowest Volatility Alternatives to PWLIX
PWLIX has 8.89% 1-year volatility. There are 21 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 | PWLIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.56% | — | Dec 2012 | PWLIX vs ASILX | |
| MFS Managed Wealth Fund | 5.86% | — | Jun 2014 | PWLIX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 6.07% | — | Dec 2019 | PWLIX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 6.17% | — | Jan 2012 | PWLIX vs WRAIX |
Lowest Drawdown Alternatives to PWLIX
PWLIX has a 1-year max drawdown of -10.30%. There are 37 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 | PWLIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | PWLIX vs GTAPX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.24% | — | Dec 2012 | PWLIX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | PWLIX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | PWLIX vs GARIX |
Other Mutual Funds from PIMCO
The 10 most viewed PIMCO mutual funds shown here include PIMIX, PTY, PONAX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | Multisector Bonds | 42 | 0.72% | — | Mar 2007 | PWLIX vs PIMIX | |
| PIMCO Corporate & Income Opportunity Fund | Corporate Bonds | 1 | -3.45% | — | Dec 2002 | PWLIX vs PTY | |
| PIMCO Income Fund Class A | Multisector Bonds | 38 | 0.55% | — | Apr 2007 | PWLIX vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Intermediate Core-Plus Bond | 26 | 0.30% | — | May 1987 | PWLIX vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 6 | -2.70% | — | Dec 2001 | PWLIX vs PCN | |
| PIMCO Income Fund Class I-2 | Total Bond Market | 41 | 0.68% | — | — | PWLIX vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 39 | 8.53% | — | Aug 2007 | PWLIX vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 7 | -3.70% | — | Oct 2004 | PWLIX vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 10 | 0.43% | — | Dec 1992 | PWLIX vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 40 | 13.28% | — | Oct 2003 | PWLIX vs PISIX |
Often Compared With PWLIX
Investors most often compare PWLIX with SNOIX, JAKRX, VOO. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare PWLIX with Any Fund or Stock
Compare PWLIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PWLIX with funds that move differently
PIMCO RAE Worldwide Long/Short PLUS Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PWLIX.
Explore PWLIX Diversifiers