Alger Dynamic Opportunities Fund (SPEDX) 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 SPEDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPEDX
SPEDX charges 0.91% annually. There are 3 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 | SPEDX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | SPEDX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 11.94M | Jan 2026 | SPEDX vs WTLS | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | SPEDX vs BTPIX | |
| Hussman Strategic Growth Fund | 1.15% | — | Jul 2000 | SPEDX vs HSGFX |
Best Risk-Adjusted Alternatives to SPEDX
SPEDX has a PortfoliosLab risk / return rank of 17. There are 32 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 | SPEDX vs BDMIX | |
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | SPEDX vs BPLEX | |
| Persimmon Long/Short Fund | 88 | — | Dec 2012 | SPEDX vs LSEIX | |
| Vanguard Market Neutral Fund Institutional Shares | 85 | — | Oct 1998 | SPEDX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 85 | 561.90M | Nov 1998 | SPEDX vs VMNFX |
Top Performing SPEDX Alternatives (YTD)
SPEDX is at 9.52% YTD. There are 12 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 | SPEDX vs ADOIX | |
| CRM Long/Short Opportunities Fund | 13.87% | — | Aug 2016 | SPEDX vs CRIHX | |
| Boston Partners Long/Short Equity Fund | 13.57% | — | Nov 1998 | SPEDX vs BPLEX | |
| Vanguard Market Neutral Fund Investor Shares | 13.03% | 561.90M | Nov 1998 | SPEDX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | 13.02% | — | Oct 1998 | SPEDX vs VMNIX |
Lowest Volatility Alternatives to SPEDX
SPEDX has 11.95% 1-year volatility. There are 34 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 | SPEDX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.55% | — | Dec 2012 | SPEDX vs ASILX | |
| MFS Managed Wealth Fund | 5.84% | — | Jun 2014 | SPEDX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 6.05% | — | Dec 2019 | SPEDX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 6.16% | — | Jan 2012 | SPEDX vs WRAIX |
Lowest Drawdown Alternatives to SPEDX
SPEDX has a 1-year max drawdown of -9.18%. There are 36 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 | SPEDX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | SPEDX vs GTAPX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.24% | — | Dec 2012 | SPEDX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | SPEDX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | SPEDX vs GARIX |
Other Mutual Funds from Alger
The 10 most viewed Alger mutual funds shown here include ALGRX, ALAFX, ACAAX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Alger Focus Equity Fund | Large Cap Growth Equities | 53 | 18.19% | — | Nov 1993 | SPEDX vs ALGRX | |
| Alger Focus Equity A Fund | Large Cap Growth Equities | 53 | 18.18% | — | Nov 1993 | SPEDX vs ALAFX | |
| Alger Capital Appreciation Fund | Large Cap Growth Equities | 37 | 15.37% | — | Dec 1996 | SPEDX vs ACAAX | |
| Alger Growth & Income Fund | Large Cap Blend Equities | 86 | 13.01% | — | Dec 1996 | SPEDX vs ALBAX | |
| Alger Large Cap Growth Portfolio Fund | Large Cap Growth Equities | 53 | 26.23% | — | Jan 1989 | SPEDX vs AAGOX | |
| Alger Capital Appreciation Portfolio | Large Cap Growth Equities | 38 | 14.65% | — | Jan 1995 | SPEDX vs ALVOX | |
| Alger Capital Appreciation Institutional Fund | Large Cap Growth Equities | 42 | 17.11% | — | Nov 1993 | SPEDX vs ALARX | |
| Alger Spectra Fund | Large Cap Growth Equities | 28 | 12.91% | — | Jul 1969 | SPEDX vs SPECX | |
| Alger Capital Appreciation Fund Class Z | Large Cap Growth Equities | 38 | 15.57% | — | Dec 2010 | SPEDX vs ACAZX | |
| Alger Weatherbie Specialized Growth Fund | Small Cap Growth Equities | 10 | 9.47% | — | May 2002 | SPEDX vs ALMAX |
Often Compared With SPEDX
Investors most often compare SPEDX with LBAY, CLSE, FTLS. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare SPEDX with Any Fund or Stock
Compare SPEDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPEDX with funds that move differently
Alger Dynamic Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPEDX.
Explore SPEDX Diversifiers