Spectrum Active Advantage Fund (SAPEX) 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 SAPEX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SAPEX
SAPEX charges 1.69% annually. There are 54 mutual funds in the Tactical Allocation category with lower expense ratios, going as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs Balanced Strategy Portfolio | 0.19% | — | Jan 1998 | SAPEX vs GIPIX | |
| Goldman Sachs Growth and Income Strategy Portfolio | 0.19% | — | Jan 1998 | SAPEX vs GOIIX | |
| PIMCO All Asset All Authority Fund | 0.21% | — | Oct 2003 | SAPEX vs PAUIX | |
| Columbia Thermostat Fund | 0.24% | — | Sep 2002 | SAPEX vs COTZX | |
| GuidePath Flexible Income Allocation Fund | 0.50% | — | Aug 2012 | SAPEX vs GPIFX |
Best Risk-Adjusted Alternatives to SAPEX
SAPEX has a PortfoliosLab risk / return rank of 21. There are 70 mutual funds in the Tactical Allocation category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Astor Dynamic Allocation Fund | 97 | — | Oct 2009 | SAPEX vs ASTIX | |
| Invesco Balanced-Risk Allocation Fund | 95 | — | Jun 2009 | SAPEX vs ABRYX | |
| Invesco Balanced-Risk Allocation Fund Class A | 95 | — | Jun 2009 | SAPEX vs ABRZX | |
| RESQ Dynamic Allocation Fund | 95 | — | Dec 2013 | SAPEX vs RQEIX | |
| Potomac Defensive Bull Fund | 93 | — | Jun 2020 | SAPEX vs CRDBX |
Top Performing SAPEX Alternatives (YTD)
SAPEX is at 0.25% YTD. There are 75 mutual funds in the Tactical Allocation category with higher YTD returns, going as high as 55.72%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quantified Evolution Plus Fund | 55.72% | — | Sep 2019 | SAPEX vs QEVOX | |
| Donoghue Forlines Momentum Fund | 37.80% | — | Dec 2016 | SAPEX vs MOJOX | |
| Teberg Fund | 29.45% | — | Mar 2002 | SAPEX vs TEBRX | |
| Invesco Balanced-Risk Allocation Fund | 21.28% | — | Jun 2009 | SAPEX vs ABRYX | |
| Invesco Balanced-Risk Allocation Fund Class A | 21.20% | — | Jun 2009 | SAPEX vs ABRZX |
Lowest Volatility Alternatives to SAPEX
SAPEX has 9.50% 1-year volatility. There are 41 mutual funds in the Tactical Allocation category with lower 1-year volatility, going as low as 2.41%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | 2.41% | — | Aug 2012 | SAPEX vs GPIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 2.58% | — | Apr 2012 | SAPEX vs SIOAX | |
| Goldman Sachs TacticalTiltOverlayFund | 2.74% | — | Jul 2014 | SAPEX vs TTIFX | |
| Hundredfold Select Alternative Fund | 4.53% | — | Aug 2004 | SAPEX vs SFHYX | |
| Hundredfold Select Alternative Fund Investor Class | 4.53% | — | — | SAPEX vs HFSAX |
Lowest Drawdown Alternatives to SAPEX
SAPEX has a 1-year max drawdown of -7.62%. There are 49 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 | SAPEX vs GPIFX | |
| AQR Diversifying Strategies Fund Class N | -1.97% | — | Jun 2020 | SAPEX vs QDSNX | |
| Goldman Sachs TacticalTiltOverlayFund | -2.11% | — | Jul 2014 | SAPEX vs TTIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | -2.34% | — | Apr 2012 | SAPEX vs SIOAX | |
| Hussman Strategic Total Return Fund | -2.42% | — | Sep 2002 | SAPEX vs HSTRX |
Other Mutual Funds from Advisors Preferred
The 10 most viewed Advisors Preferred mutual funds shown here include SVARX, OTRFX, QALTX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Spectrum Low Volatility Fund | Nontraditional Bonds | 53 | 1.52% | — | Dec 2013 | SAPEX vs SVARX | |
| OnTrack Core Fund | Macro Trading | 79 | 4.79% | — | Jan 2013 | SAPEX vs OTRFX | |
| Quantified Alternative Investment Fund | Macro Trading | 81 | 9.24% | — | Aug 2013 | SAPEX vs QALTX | |
| Quantified Managed Income Fund | Diversified Portfolio | 7 | 0.25% | — | Aug 2013 | SAPEX vs QBDSX | |
| Kensington Managed Income Fund | Nontraditional Bonds | 68 | 1.82% | — | May 2019 | SAPEX vs KAMIX | |
| Quantified Pattern Recognition Fund | Diversified Portfolio | 12 | -8.14% | — | Aug 2019 | SAPEX vs QSPMX | |
| Quantified STF Fund | Tactical Allocation | 44 | 18.90% | — | Nov 2015 | SAPEX vs QSTFX | |
| Quantified Common Ground Fund | Mid Cap Blend Equities | 61 | 18.04% | — | Dec 2019 | SAPEX vs QCGDX | |
| Quantified Tactical Fixed Income Fund | Nontraditional Bonds | 1 | -4.10% | — | Sep 2019 | SAPEX vs QFITX | |
| Quantified Market Leaders Fund | Tactical Allocation | 54 | 20.94% | — | Aug 2013 | SAPEX vs QMLFX |
Often Compared With SAPEX
Investors most often compare SAPEX with VOO, QQQ, QTSSX. These 12 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare SAPEX with Any Fund or Stock
Compare SAPEX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SAPEX with funds that move differently
Spectrum Active Advantage Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SAPEX.
Explore SAPEX Diversifiers