Lazard US Short Duration Fixed Income Portfolio (UMNIX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with UMNIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UMNIX
UMNIX charges 0.40% annually. There are 36 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | UMNIX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | UMNIX vs DFIHX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | UMNIX vs CUTAX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | UMNIX vs BUBIX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | UMNIX vs DFYGX |
Best Risk-Adjusted Alternatives to UMNIX
UMNIX has a PortfoliosLab risk / return rank of 50. There are 63 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | UMNIX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | UMNIX vs BUBSX | |
| Baird Ultra Short Bond Fund Institutional Class | 100 | — | Dec 2013 | UMNIX vs BUBIX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | UMNIX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 100 | — | Dec 2006 | UMNIX vs ENIAX |
Top Performing UMNIX Alternatives (YTD)
UMNIX is at 0.22% YTD. There are 65 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | UMNIX vs SEMRX | |
| PIMCO Short Term Fund | 1.92% | — | Oct 1987 | UMNIX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | UMNIX vs PAIPX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 1.73% | — | Apr 2011 | UMNIX vs MYFRX | |
| Columbia Ultra Short Term Bond Fund | 1.69% | — | Mar 2004 | UMNIX vs CMGUX |
Lowest Volatility Alternatives to UMNIX
UMNIX has 1.78% 1-year volatility. There are 62 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.56% | — | Mar 2017 | UMNIX vs TMPFX | |
| Baird Ultra Short Bond Fund | 0.62% | — | Dec 2013 | UMNIX vs BUBSX | |
| Navigator Ultra Short Term Bond Fund | 0.63% | — | Mar 2019 | UMNIX vs NUSIX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.68% | — | Sep 1987 | UMNIX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.70% | — | Dec 2013 | UMNIX vs BUBIX |
Lowest Drawdown Alternatives to UMNIX
UMNIX has a 1-year max drawdown of -1.04%. There are 62 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.00% | — | Mar 2017 | UMNIX vs TMPFX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | UMNIX vs UGSDX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | UMNIX vs FHQFX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | UMNIX vs MUIIX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | UMNIX vs NUSIX |
Other Mutual Funds from Lazard
The 10 most viewed Lazard mutual funds shown here include GLIFX, LZEMX, GLFOX and span 6 categories.
Often Compared With UMNIX
Investors most often compare UMNIX with LGI, LCAIX, LZSIX. These 14 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare UMNIX with Any Fund or Stock
Compare UMNIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UMNIX with funds that move differently
Lazard US Short Duration Fixed Income Portfolio alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UMNIX.
Explore UMNIX Diversifiers