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
Among 67 mutual funds in the Ultrashort Bond category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | UMNIX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | UMNIX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | UMNIX vs BUBSX | |
| DFA One Year Fixed Income Portfolio | 100 | — | Jul 1983 | UMNIX vs DFIHX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | UMNIX vs PAIPX |
Top Performing UMNIX Alternatives (YTD)
Among 67 mutual funds in the Ultrashort Bond category with YTD return data, the top-performing alternatives shown here go as high as 2.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.62% | — | Dec 2010 | UMNIX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | UMNIX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 2.23% | — | May 2012 | UMNIX vs PAIPX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 2.12% | — | Dec 2012 | UMNIX vs TRBUX | |
| SEI Institutional Investments Trust Opportunistic ... | 2.01% | — | Dec 2006 | UMNIX vs ENIAX |
Lowest Volatility Alternatives to UMNIX
Among 68 mutual funds in the Ultrashort Bond category with 1-year volatility data, the lowest-volatility alternatives shown here go as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | UMNIX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | UMNIX vs NUSIX | |
| DFA One Year Fixed Income Portfolio | 0.64% | — | Jul 1983 | UMNIX vs DFIHX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.65% | — | Sep 1987 | UMNIX vs PRTBX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | UMNIX vs BUBSX |
Lowest Drawdown Alternatives to UMNIX
Among 67 mutual funds in the Ultrashort Bond category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | -0.10% | — | Mar 2017 | UMNIX vs TMPFX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | UMNIX vs MUIIX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | UMNIX vs BUBSX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | UMNIX vs NUSIX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | UMNIX vs FHQFX |
Other Mutual Funds from Lazard
The 10 most viewed Lazard mutual funds shown here include GLIFX, LZEMX, GLFOX and span 7 categories.
Often Compared With UMNIX
Investors most often compare UMNIX with LGI, LZSIX, LDMIX. These 17 comparison targets span 7 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