Special Opportunities Fund Inc. (SPE) 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 SPE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPE
SPE charges 1.11% annually. There are 14 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 | SPE vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | SPE vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | SPE vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | SPE vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | SPE vs JAAAX |
Best Risk-Adjusted Alternatives to SPE
SPE has a PortfoliosLab risk / return rank of 4. There are 63 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 | SPE vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | SPE vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | SPE vs FSLTX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | SPE vs BXMIX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | SPE vs ADAIX |
Top Performing SPE Alternatives (YTD)
SPE is at -3.76% YTD. There are 70 mutual funds in the Multistrategy category with higher YTD returns, going as high as 22.10%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 22.10% | — | Sep 2017 | SPE vs QRPRX | |
| AQR Alternative Risk Premia Fund - Class I | 21.98% | — | Sep 2017 | SPE vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 21.85% | — | Sep 2017 | SPE vs QRPNX | |
| AQR Style Premia Alternative Fund - Class I | 17.69% | — | Oct 2013 | SPE vs QSPIX | |
| AQR Style Premia Alternative R6 | 17.68% | — | Sep 2014 | SPE vs QSPRX |
Lowest Volatility Alternatives to SPE
SPE has 11.28% 1-year volatility. There are 60 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.25% | — | Aug 2017 | SPE vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.47% | — | Jan 2009 | SPE vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.48% | — | Jan 2009 | SPE vs ADAIX | |
| Strategic Advisers Alternatives Fund | 2.25% | — | Jul 2022 | SPE vs FSLTX | |
| Morningstar Alternatives Fund | 2.29% | — | Nov 2018 | SPE vs MSTVX |
Lowest Drawdown Alternatives to SPE
SPE has a 1-year max drawdown of -9.33%. There are 62 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | SPE vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | SPE vs SRRIX | |
| AQR Diversified Arbitrage Fund Class N | -0.60% | — | Jan 2009 | SPE vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.60% | — | Jan 2009 | SPE vs ADAIX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | SPE vs FSLTX |
Often Compared With SPE
Investors most often compare SPE with CEFS, TNMIX, QSPNX. These 9 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Saba Closed-End Funds ETF | Actively Managed | 83 | 12.11% | 332.90M | Mar 2017 | SPE vs CEFS | |
| 1290 Multi-Alternative Strategies Fund | Multistrategy | 86 | 8.72% | — | Jul 2015 | SPE vs TNMIX | |
| AQR Style Premia Alternative Fund Class N | Multistrategy | 89 | 17.58% | — | Oct 2013 | SPE vs QSPNX | |
| Abbey Capital Multi Asset Fund Class I | Multistrategy | 73 | 7.60% | — | Apr 2018 | SPE vs MAFIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | Multistrategy | 9 | -1.37% | — | Feb 2018 | SPE vs TMSRX | |
| AQR Diversifying Strategies Fund - Class I | Multistrategy | 92 | 5.50% | — | Jun 2020 | SPE vs QDSIX | |
| AlphaCentric Symmetry Strategy Fund Class I | Multistrategy | 82 | 11.07% | — | Aug 2019 | SPE vs SYMIX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | Multistrategy | 99 | 3.08% | — | Feb 2013 | SPE vs SHRIX | |
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 2.11% | 99.95B | May 2020 | SPE vs SGOV |
Compare SPE with Any Fund or Stock
Compare SPE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPE with funds that move differently
Special Opportunities Fund Inc. alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPE.
Explore SPE Diversifiers