Wasatch Long/Short Alpha Fund (WALSX) 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 WALSX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to WALSX
WALSX charges 1.75% annually. There are 28 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 | WALSX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | WALSX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 12.07M | Jan 2026 | WALSX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | WALSX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | WALSX vs BTPIX |
Best Risk-Adjusted Alternatives to WALSX
WALSX has a PortfoliosLab risk / return rank of 11. There are 39 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 | WALSX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 97 | — | Oct 1998 | WALSX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 97 | 601.30M | Nov 1998 | WALSX vs VMNFX | |
| Quantitative U.S. Long/Short Equity Portfolio | 95 | — | Sep 2006 | WALSX vs GTAPX | |
| Knights of Columbus Long/Short Equity Fund | 95 | — | Dec 2019 | WALSX vs KCEIX |
Top Performing WALSX Alternatives (YTD)
WALSX is at 13.20% YTD. There are 4 mutual funds in the Long-Short category with higher YTD returns, going as high as 21.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 21.35% | — | Nov 1998 | WALSX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 16.18% | — | Oct 1998 | WALSX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 16.18% | 601.30M | Nov 1998 | WALSX vs VMNFX | |
| Guggenheim Alpha Opportunity Fund | 15.92% | — | Jul 2003 | WALSX vs SAOAX | |
| Longboard Fund | 13.15% | — | Mar 2015 | WALSX vs LONGX |
Lowest Volatility Alternatives to WALSX
WALSX has 16.26% 1-year volatility. There are 43 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 | WALSX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.75% | — | Dec 2012 | WALSX vs ASILX | |
| MFS Managed Wealth Fund | 6.03% | — | Jun 2014 | WALSX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.25% | — | Jan 2012 | WALSX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.51% | — | Dec 2019 | WALSX vs KCEIX |
Lowest Drawdown Alternatives to WALSX
WALSX has a 1-year max drawdown of -10.76%. There are 37 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 | WALSX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | WALSX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | WALSX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | WALSX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | WALSX vs LSEIX |
Other Mutual Funds from Wasatch
The 10 most viewed Wasatch mutual funds shown here include WGROX, WAINX, FMIEX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Wasatch Core Growth Fund | Small Cap Growth Equities | 3 | 5.28% | — | Dec 1986 | WALSX vs WGROX | |
| Wasatch Emerging India Fund | India Equities, Asia Pacific Equities | 3 | 1.20% | — | Apr 2011 | WALSX vs WAINX | |
| Wasatch Global Value Fund Investor Class Shares | Global Equities | 97 | 18.42% | — | Sep 1996 | WALSX vs FMIEX | |
| Wasatch Ultra Growth Fund | Small Cap Growth Equities | 26 | 10.58% | — | Aug 1992 | WALSX vs WAMCX | |
| Wasatch Micro Cap Fund | Small Cap Growth Equities | 42 | 13.38% | — | Jun 1995 | WALSX vs WMICX | |
| Wasatch Micro Cap Value Fund | Small Cap Growth Equities | 44 | 15.57% | — | Jul 2003 | WALSX vs WAMVX | |
| Wasatch Small Cap Growth Fund | Small Cap Growth Equities | 4 | 2.81% | — | Dec 1986 | WALSX vs WAAEX | |
| Wasatch Emerging Markets Small Cap Fund | Emerging Markets Equities | 34 | 13.53% | — | Sep 2007 | WALSX vs WAEMX | |
| Wasatch Emerging Markets Select Fund | Emerging Markets Equities | 24 | 7.14% | — | Dec 2012 | WALSX vs WAESX | |
| Wasatch Small Cap Value Fund | Small Cap Blend Equities | 20 | 13.95% | — | Dec 1997 | WALSX vs WMCVX |
Often Compared With WALSX
Investors most often compare WALSX with QLEIX, QLENX, IVV. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare WALSX with Any Fund or Stock
Compare WALSX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair WALSX with funds that move differently
Wasatch Long/Short Alpha Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WALSX.
Explore WALSX Diversifiers