RiverPark Long/Short Opportunity Fund (RLSIX) 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 RLSIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RLSIX
RLSIX charges 1.75% annually. There are 31 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 | RLSIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | RLSIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 11.94M | Jan 2026 | RLSIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | RLSIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | RLSIX vs BTPIX |
Best Risk-Adjusted Alternatives to RLSIX
RLSIX has a PortfoliosLab risk / return rank of 6. There are 39 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 | RLSIX vs BDMIX | |
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | RLSIX vs BPLEX | |
| Persimmon Long/Short Fund | 88 | — | Dec 2012 | RLSIX vs LSEIX | |
| Vanguard Market Neutral Fund Institutional Shares | 85 | — | Oct 1998 | RLSIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 85 | 561.90M | Nov 1998 | RLSIX vs VMNFX |
Top Performing RLSIX Alternatives (YTD)
RLSIX is at -2.98% YTD. There are 44 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 | RLSIX vs ADOIX | |
| CRM Long/Short Opportunities Fund | 13.87% | — | Aug 2016 | RLSIX vs CRIHX | |
| Boston Partners Long/Short Equity Fund | 13.57% | — | Nov 1998 | RLSIX vs BPLEX | |
| Vanguard Market Neutral Fund Investor Shares | 13.03% | 561.90M | Nov 1998 | RLSIX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 13.02% | — | Oct 1998 | RLSIX vs VMNIX |
Lowest Volatility Alternatives to RLSIX
RLSIX has 12.13% 1-year volatility. There are 36 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 | RLSIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.55% | — | Dec 2012 | RLSIX vs ASILX | |
| MFS Managed Wealth Fund | 5.84% | — | Jun 2014 | RLSIX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 6.05% | — | Dec 2019 | RLSIX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 6.16% | — | Jan 2012 | RLSIX vs WRAIX |
Lowest Drawdown Alternatives to RLSIX
RLSIX has a 1-year max drawdown of -14.56%. There are 44 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 | RLSIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | RLSIX vs GTAPX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.24% | — | Dec 2012 | RLSIX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | RLSIX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | RLSIX vs GARIX |
Other Mutual Funds from RiverPark Funds
The 5 most viewed RiverPark Funds mutual funds shown here include RPHIX, RSIIX, RPXIX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | High Yield Bonds | 99 | 1.76% | — | Sep 2010 | RLSIX vs RPHIX | |
| RiverPark Strategic Income Fund | High Yield Bonds | 68 | 1.69% | — | Sep 2013 | RLSIX vs RSIIX | |
| RiverPark Large Growth Fund | Large Cap Growth Equities | 9 | -0.24% | — | Sep 2010 | RLSIX vs RPXIX | |
| RiverPark Floating Rate CMBS Fund | Bank Loan | 100 | 2.14% | — | Sep 2016 | RLSIX vs RCRIX | |
| Wedgewood Fund | Large Cap Growth Equities | 10 | 2.04% | — | Sep 2010 | RLSIX vs RWGIX |
Often Compared With RLSIX
Investors most often compare RLSIX with SPY, AGG, QLEIX. These 14 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare RLSIX with Any Fund or Stock
Compare RLSIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RLSIX with funds that move differently
RiverPark Long/Short Opportunity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RLSIX.
Explore RLSIX Diversifiers