Vanguard Market Neutral Fund Investor Shares (VMNFX) Alternatives
Vanguard Market Neutral Fund Investor Shares (VMNFX) 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 VMNFX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to VMNFX
VMNFX charges 1.31% annually. Among mutual funds in the Long-Short category, these options have the lowest expense ratios among VMNFX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | Jan 27, 2021 | VMNFX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | Jun 26, 2014 | VMNFX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | Jan 20, 2026 | VMNFX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | Nov 1, 2009 | VMNFX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | Dec 30, 2012 | VMNFX vs BTPIX |
Best Risk-Adjusted Alternatives to VMNFX
Among mutual funds in the Long-Short category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 96 | Dec 20, 2012 | VMNFX vs BDMIX | |
| AQR Long-Short Equity Fund | 94 | Jul 15, 2013 | VMNFX vs QLEIX | |
| AQR Long-Short Equity N | 93 | Jul 16, 2013 | VMNFX vs QLENX | |
| Vanguard Market Neutral Fund Institutional Shares | 93 | Oct 19, 1998 | VMNFX vs VMNIX | |
| Boston Partners Long/Short Equity Fund | 93 | Nov 16, 1998 | VMNFX vs BPLEX |
Top Performing VMNFX Alternatives (YTD)
VMNFX alternatives from the Long-Short category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Guggenheim Alpha Opportunity Fund | 10.14% | Jul 6, 2003 | VMNFX vs SAOAX | |
| PIMCO RAE Worldwide Long/Short PLUS Fund | 9.51% | Dec 3, 2014 | VMNFX vs PWLIX | |
| Vanguard Market Neutral Fund Institutional Shares | 6.12% | Oct 19, 1998 | VMNFX vs VMNIX | |
| Invenomic Fund Institutional Class | 6.05% | Jun 19, 2017 | VMNFX vs BIVIX | |
| Invenomic Fund | 5.94% | Jun 18, 2017 | VMNFX vs BIVRX |
Lowest Volatility Alternatives to VMNFX
VMNFX alternatives from the Long-Short category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| MFS Managed Wealth Fund | 5.68% | Jun 26, 2014 | VMNFX vs MNWIX | |
| Neuberger Berman Long Short Fund | 6.34% | Dec 28, 2011 | VMNFX vs NLSIX | |
| Federated Hermes MDT Market Neutral A | 6.39% | Sep 30, 2008 | VMNFX vs QAMNX | |
| Knights of Columbus Long/Short Equity Fund | 6.52% | Dec 1, 2019 | VMNFX vs KCEIX | |
| AB Select US Long/Short Portfolio | 6.59% | Dec 11, 2012 | VMNFX vs ASILX |
Lowest Drawdown Alternatives to VMNFX
VMNFX alternatives from the Long-Short category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -3.50% | Dec 1, 2019 | VMNFX vs KCEIX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.60% | Dec 20, 2012 | VMNFX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.62% | Dec 11, 2012 | VMNFX vs ASILX | |
| Quantitative U.S. Long/Short Equity Portfolio | -4.15% | Sep 28, 2006 | VMNFX vs GTAPX | |
| Federated Hermes MDT Market Neutral A | -4.16% | Sep 30, 2008 | VMNFX vs QAMNX |
Other Mutual Funds from Vanguard
Most popular Vanguard mutual funds on PortfoliosLab, across asset classes.
Often Compared With VMNFX
What investors most often compare with VMNFX, based on PortfoliosLab usage data.
Compare VMNFX with Any Fund or Stock
Compare VMNFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.