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 1.31% annually. There are 13 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% | 11.94M | 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 86. There are 3 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 94 | — | Dec 2012 | VMNFX vs BDMIX | |
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | VMNFX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 86 | — | Oct 1998 | VMNFX vs VMNIX | |
| Multi-Manager Directional Alternative Strategies F... | 85 | — | Jan 2017 | VMNFX vs CDAZX | |
| Persimmon Long/Short Fund | 84 | — | Dec 2012 | VMNFX vs LSEIX |
Top Performing VMNFX Alternatives (YTD)
VMNFX is at 14.03% YTD. No mutual funds in the Long-Short category have higher YTD returns; the top-performing alternatives shown here go as high as 14.03%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | 14.03% | — | Oct 1998 | VMNFX vs VMNIX | |
| Boston Partners Long/Short Equity Fund | 13.95% | — | Nov 1998 | VMNFX vs BPLEX | |
| Longboard Alternative Growth Fund | 12.82% | — | Mar 2015 | VMNFX vs LONGX | |
| Guggenheim Alpha Opportunity Fund | 12.71% | — | Jul 2003 | VMNFX vs SAOAX | |
| CRM Long/Short Opportunities Fund | 12.61% | — | Aug 2016 | VMNFX vs CRIHX |
Lowest Volatility Alternatives to VMNFX
VMNFX has 7.83% 1-year volatility. There are 14 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.31%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.31% | — | Dec 2011 | VMNFX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.60% | — | Dec 2012 | VMNFX vs ASILX | |
| MFS Managed Wealth Fund | 5.88% | — | Jun 2014 | VMNFX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 6.11% | — | Dec 2019 | VMNFX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 6.17% | — | Jan 2012 | VMNFX vs WRAIX |
Lowest Drawdown Alternatives to VMNFX
VMNFX has a 1-year max drawdown of -4.65%. There are 10 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 | |
| BlackRock Global Long/Short Equity Fund Class I | -3.24% | — | Dec 2012 | VMNFX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | VMNFX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | VMNFX vs GARIX |
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 VMVFX, VIPIX, SPY. 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