Vanguard Market Neutral Fund Institutional Shares (VMNIX) Alternatives
Vanguard Market Neutral Fund Institutional Shares (VMNIX) 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 VMNIX. 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 VMNIX
VMNIX charges 1.25% annually. Among mutual funds in the Long-Short category, these options have the lowest expense ratios among VMNIX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | Jan 27, 2021 | VMNIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | Jun 26, 2014 | VMNIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | Jan 20, 2026 | VMNIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | Nov 1, 2009 | VMNIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | Dec 30, 2012 | VMNIX vs BTPIX |
Best Risk-Adjusted Alternatives to VMNIX
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 | VMNIX vs BDMIX | |
| AQR Long-Short Equity Fund | 94 | Jul 15, 2013 | VMNIX vs QLEIX | |
| AQR Long-Short Equity N | 93 | Jul 16, 2013 | VMNIX vs QLENX | |
| Boston Partners Long/Short Equity Fund | 93 | Nov 16, 1998 | VMNIX vs BPLEX | |
| Vanguard Market Neutral Fund Investor Shares | 93 | Nov 11, 1998 | VMNIX vs VMNFX |
Top Performing VMNIX Alternatives (YTD)
VMNIX 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 | VMNIX vs SAOAX | |
| PIMCO RAE Worldwide Long/Short PLUS Fund | 9.51% | Dec 3, 2014 | VMNIX vs PWLIX | |
| Vanguard Market Neutral Fund Investor Shares | 6.09% | Nov 11, 1998 | VMNIX vs VMNFX | |
| Invenomic Fund Institutional Class | 6.05% | Jun 19, 2017 | VMNIX vs BIVIX | |
| Invenomic Fund | 5.94% | Jun 18, 2017 | VMNIX vs BIVRX |
Lowest Volatility Alternatives to VMNIX
VMNIX 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 | VMNIX vs MNWIX | |
| Neuberger Berman Long Short Fund | 6.34% | Dec 28, 2011 | VMNIX vs NLSIX | |
| Federated Hermes MDT Market Neutral A | 6.39% | Sep 30, 2008 | VMNIX vs QAMNX | |
| Knights of Columbus Long/Short Equity Fund | 6.52% | Dec 1, 2019 | VMNIX vs KCEIX | |
| AB Select US Long/Short Portfolio | 6.59% | Dec 11, 2012 | VMNIX vs ASILX |
Lowest Drawdown Alternatives to VMNIX
VMNIX 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 | VMNIX vs KCEIX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.60% | Dec 20, 2012 | VMNIX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.62% | Dec 11, 2012 | VMNIX vs ASILX | |
| Quantitative U.S. Long/Short Equity Portfolio | -4.15% | Sep 28, 2006 | VMNIX vs GTAPX | |
| Federated Hermes MDT Market Neutral A | -4.16% | Sep 30, 2008 | VMNIX vs QAMNX |
Other Mutual Funds from Vanguard
Most popular Vanguard mutual funds on PortfoliosLab, across asset classes.
Often Compared With VMNIX
What investors most often compare with VMNIX, based on PortfoliosLab usage data.
Compare VMNIX with Any Fund or Stock
Compare VMNIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.