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 a closer substitute for your current allocation.
Cheapest Alternatives to VMNFX
VMNFX charges 1.95% annually. There are 37 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 | VMNFX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | VMNFX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 12.07M | Jan 2026 | VMNFX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | VMNFX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | VMNFX vs BTPIX |
Best Risk-Adjusted Alternatives to VMNFX
VMNFX has a PortfoliosLab risk / return rank of 97. There are 2 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 98 | — | Nov 1998 | VMNFX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 97 | — | Oct 1998 | VMNFX vs VMNIX | |
| Quantitative U.S. Long/Short Equity Portfolio | 95 | — | Sep 2006 | VMNFX vs GTAPX | |
| Knights of Columbus Long/Short Equity Fund | 95 | — | Dec 2019 | VMNFX vs KCEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 94 | — | Apr 2014 | VMNFX vs JAKVX |
Top Performing VMNFX Alternatives (YTD)
VMNFX is at 16.18% YTD. There is 1 mutual fund in the Long-Short category with a higher YTD return, going as high as 21.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 21.35% | — | Nov 1998 | VMNFX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 16.18% | — | Oct 1998 | VMNFX vs VMNIX | |
| Guggenheim Alpha Opportunity Fund | 15.92% | — | Jul 2003 | VMNFX vs SAOAX | |
| Wasatch Long/Short Alpha Fund | 13.20% | — | Sep 2021 | VMNFX vs WALSX | |
| Longboard Fund | 13.15% | — | Mar 2015 | VMNFX vs LONGX |
Lowest Volatility Alternatives to VMNFX
VMNFX has 7.71% 1-year volatility. There are 8 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.67%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.67% | — | Dec 2011 | VMNFX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.75% | — | Dec 2012 | VMNFX vs ASILX | |
| MFS Managed Wealth Fund | 6.03% | — | Jun 2014 | VMNFX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.25% | — | Jan 2012 | VMNFX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.51% | — | Dec 2019 | VMNFX vs KCEIX |
Lowest Drawdown Alternatives to VMNFX
VMNFX has a 1-year max drawdown of -4.65%. There are 9 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 | VMNFX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | VMNFX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | VMNFX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | VMNFX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | VMNFX vs LSEIX |
Other Mutual Funds from Vanguard
The 10 most viewed Vanguard mutual funds shown here include VTSAX, VFIAX, VTIAX and span 8 categories. AUM among these funds goes as high as $2T.
Often Compared With VMNFX
Investors most often compare VMNFX with BDMIX, VMVFX, VIPIX. These 20 comparison targets span 12 categories, 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.
Pair VMNFX with funds that move differently
Vanguard Market Neutral Fund Investor Shares alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to VMNFX.
Explore VMNFX Diversifiers