Invesco Fundamental Alternatives Fund (QVOPX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with QVOPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QVOPX
QVOPX charges 1.33% annually. There are 19 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | QVOPX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | QVOPX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | QVOPX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | QVOPX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | QVOPX vs JAAAX |
Best Risk-Adjusted Alternatives to QVOPX
QVOPX has a PortfoliosLab risk / return rank of 8. There are 42 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | QVOPX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | QVOPX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | QVOPX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | QVOPX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | QVOPX vs ADANX |
Top Performing QVOPX Alternatives (YTD)
QVOPX is at 0.24% YTD. There are 48 mutual funds in the Multistrategy category with higher YTD returns, going as high as 19.78%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 19.78% | — | Sep 2017 | QVOPX vs QRPRX | |
| AQR Alternative Risk Premia Fund | 19.72% | — | Sep 2017 | QVOPX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 19.65% | — | Sep 2017 | QVOPX vs QRPNX | |
| AQR Style Premia Alternative R6 | 13.78% | — | Sep 2014 | QVOPX vs QSPRX | |
| AQR Style Premia Alternative Fund | 13.76% | — | Oct 2013 | QVOPX vs QSPIX |
Lowest Volatility Alternatives to QVOPX
QVOPX has 6.99% 1-year volatility. There are 29 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.23%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.23% | — | Aug 2017 | QVOPX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.40% | — | Jan 2009 | QVOPX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.42% | — | Jan 2009 | QVOPX vs ADANX | |
| T. Rowe Price Multi-Strategy Total Return Fund | 1.70% | — | Feb 2018 | QVOPX vs TMSRX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 1.84% | — | Feb 2018 | QVOPX vs TALTX |
Lowest Drawdown Alternatives to QVOPX
QVOPX has a 1-year max drawdown of -5.46%. There are 41 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.39%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | -0.39% | — | Jan 2009 | QVOPX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | QVOPX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | QVOPX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | QVOPX vs SRRIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | -0.83% | — | Feb 2018 | QVOPX vs TMSRX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, OPGSX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 72 | 21.22% | — | Oct 2020 | QVOPX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 36 | 9.47% | — | — | QVOPX vs VADAX | |
| Invesco Gold & Special Minerals Fund | Precious Metals | 23 | 0.41% | — | Jul 1983 | QVOPX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 84 | 23.71% | — | Jun 2001 | QVOPX vs VVOAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 15 | 8.97% | — | Jun 2005 | QVOPX vs VAFAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 55 | 8.97% | — | Oct 1968 | QVOPX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 36 | 5.45% | — | Feb 1988 | QVOPX vs MSIGX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 86 | 30.74% | — | Jun 1999 | QVOPX vs VSCAX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 61 | 5.74% | — | Aug 1960 | QVOPX vs ACEIX | |
| Invesco Global Fund | Global Equities | 25 | 9.49% | — | Dec 1969 | QVOPX vs OPPAX |
Often Compared With QVOPX
Investors most often compare QVOPX with QQQ, SHRIX, QSPNX. These 10 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 74 | 20.71% | 493.99B | Mar 1999 | QVOPX vs QQQ | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | Multistrategy | 98 | 1.46% | — | Feb 2013 | QVOPX vs SHRIX | |
| AQR Style Premia Alternative Fund Class N | Multistrategy | 52 | 13.60% | — | Oct 2013 | QVOPX vs QSPNX | |
| GuideStone Funds Strategic Alternatives Fund | Multistrategy | 21 | 0.22% | — | Jun 2017 | QVOPX vs GFSYX | |
| Allspring Alternative Risk Premia Fund | Multistrategy | 93 | 11.04% | — | Jan 2019 | QVOPX vs WRPIX | |
| Invesco Equally-Weighted S&P 500 Fund | S&P 500 | 37 | 9.59% | — | Jul 1997 | QVOPX vs VADDX | |
| FS Credit Income Fund Class I | Multistrategy | 96 | 2.81% | — | Nov 2017 | QVOPX vs FCRIX | |
| 1290 Multi-Alternative Strategies Fund | Multistrategy | 89 | 10.44% | — | Jul 2015 | QVOPX vs TNMIX | |
| AlphaCentric Symmetry Strategy Fund Class I | Multistrategy | 64 | 10.56% | — | Aug 2019 | QVOPX vs SYMIX | |
| Abbey Capital Multi Asset Fund Class I | Multistrategy | 81 | 13.09% | — | Apr 2018 | QVOPX vs MAFIX |
Compare QVOPX with Any Fund or Stock
Compare QVOPX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QVOPX with funds that move differently
Invesco Fundamental Alternatives Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QVOPX.
Explore QVOPX Diversifiers