PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to PWLIX
PWLIX charges 1.19% annually. Among mutual funds in the Long-Short category, these options have the lowest expense ratios among PWLIX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | Jan 27, 2021 | PWLIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | Jun 26, 2014 | PWLIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | Jan 20, 2026 | PWLIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | Nov 1, 2009 | PWLIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | Dec 30, 2012 | PWLIX vs BTPIX |
Best Risk-Adjusted Alternatives to PWLIX
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 | PWLIX vs BDMIX | |
| AQR Long-Short Equity Fund | 94 | Jul 15, 2013 | PWLIX vs QLEIX | |
| AQR Long-Short Equity N | 93 | Jul 16, 2013 | PWLIX vs QLENX | |
| Vanguard Market Neutral Fund Institutional Shares | 93 | Oct 19, 1998 | PWLIX vs VMNIX | |
| Boston Partners Long/Short Equity Fund | 93 | Nov 16, 1998 | PWLIX vs BPLEX |
Top Performing PWLIX Alternatives (YTD)
PWLIX 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 | PWLIX vs SAOAX | |
| Vanguard Market Neutral Fund Institutional Shares | 6.12% | Oct 19, 1998 | PWLIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 6.09% | Nov 11, 1998 | PWLIX vs VMNFX | |
| Invenomic Fund Institutional Class | 6.05% | Jun 19, 2017 | PWLIX vs BIVIX | |
| Invenomic Fund | 5.94% | Jun 18, 2017 | PWLIX vs BIVRX |
Lowest Volatility Alternatives to PWLIX
PWLIX alternatives from the Long-Short category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| MFS Managed Wealth Fund | 5.68% | Jun 26, 2014 | PWLIX vs MNWIX | |
| Neuberger Berman Long Short Fund | 6.34% | Dec 28, 2011 | PWLIX vs NLSIX | |
| Federated Hermes MDT Market Neutral A | 6.39% | Sep 30, 2008 | PWLIX vs QAMNX | |
| Knights of Columbus Long/Short Equity Fund | 6.52% | Dec 1, 2019 | PWLIX vs KCEIX | |
| AB Select US Long/Short Portfolio | 6.59% | Dec 11, 2012 | PWLIX vs ASILX |
Lowest Drawdown Alternatives to PWLIX
PWLIX 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 | PWLIX vs KCEIX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.60% | Dec 20, 2012 | PWLIX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.62% | Dec 11, 2012 | PWLIX vs ASILX | |
| Quantitative U.S. Long/Short Equity Portfolio | -4.15% | Sep 28, 2006 | PWLIX vs GTAPX | |
| Federated Hermes MDT Market Neutral A | -4.16% | Sep 30, 2008 | PWLIX vs QAMNX |
Other Mutual Funds from PIMCO
Most popular PIMCO mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | Total Bond Market | 81 | -1.36% | Mar 30, 2007 | PWLIX vs PIMIX | |
| PIMCO Income Fund Class A | Multisector Bonds | 78 | -1.42% | Apr 2, 2007 | PWLIX vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Total Bond Market | 53 | -1.02% | — | PWLIX vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 3 | -4.21% | Dec 20, 2001 | PWLIX vs PCN | |
| PIMCO Income Fund Class I-2 | Total Bond Market | 80 | -1.37% | — | PWLIX vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio, Actively Managed | 10 | -9.19% | Aug 31, 2007 | PWLIX vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 11 | -5.40% | Oct 27, 2004 | PWLIX vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 24 | -2.23% | Dec 1, 1992 | PWLIX vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 24 | -0.85% | Oct 31, 2003 | PWLIX vs PISIX | |
| PIMCO RAE US Small Fund | Small Cap Value Equities | 28 | -0.95% | Jun 5, 2015 | PWLIX vs PMJIX |
Often Compared With PWLIX
What investors most often compare with PWLIX, 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.