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 a closer substitute for your current allocation.
Cheapest Alternatives to VMNIX
VMNIX charges 1.25% annually. There are 8 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 | VMNIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | VMNIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 12.07M | Jan 2026 | VMNIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | VMNIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | VMNIX vs BTPIX |
Best Risk-Adjusted Alternatives to VMNIX
VMNIX has a PortfoliosLab risk / return rank of 97. There is 1 mutual fund in the Long-Short category with a higher risk-adjusted rank, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 98 | — | Nov 1998 | VMNIX vs BPLEX | |
| Vanguard Market Neutral Fund Investor Shares | 97 | 601.30M | Nov 1998 | VMNIX vs VMNFX | |
| Quantitative U.S. Long/Short Equity Portfolio | 95 | — | Sep 2006 | VMNIX vs GTAPX | |
| Knights of Columbus Long/Short Equity Fund | 95 | — | Dec 2019 | VMNIX vs KCEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 94 | — | Apr 2014 | VMNIX vs JAKVX |
Top Performing VMNIX Alternatives (YTD)
VMNIX 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 | VMNIX vs BPLEX | |
| Vanguard Market Neutral Fund Investor Shares | 16.18% | 601.30M | Nov 1998 | VMNIX vs VMNFX | |
| Guggenheim Alpha Opportunity Fund | 15.92% | — | Jul 2003 | VMNIX vs SAOAX | |
| Wasatch Long/Short Alpha Fund | 13.20% | — | Sep 2021 | VMNIX vs WALSX | |
| Longboard Fund | 13.15% | — | Mar 2015 | VMNIX vs LONGX |
Lowest Volatility Alternatives to VMNIX
VMNIX has 7.68% 1-year volatility. There are 7 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 | VMNIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.75% | — | Dec 2012 | VMNIX vs ASILX | |
| MFS Managed Wealth Fund | 6.03% | — | Jun 2014 | VMNIX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.25% | — | Jan 2012 | VMNIX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.51% | — | Dec 2019 | VMNIX vs KCEIX |
Lowest Drawdown Alternatives to VMNIX
VMNIX 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 | VMNIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | VMNIX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | VMNIX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | VMNIX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | VMNIX 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 VMNIX
Investors most often compare VMNIX with IMMX, QQQ, VIMAX. These 20 comparison targets span 5 categories, 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.
Pair VMNIX with funds that move differently
Vanguard Market Neutral Fund Institutional Shares alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to VMNIX.
Explore VMNIX Diversifiers