Wavelength Interest Rate Neutral Fund (WAVLX) Alternatives
Wavelength Interest Rate Neutral Fund (WAVLX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with WAVLX. 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 WAVLX
WAVLX charges 0.99% annually. Among mutual funds in the Nontraditional Bonds category, these options have the lowest expense ratios among WAVLX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | Oct 2, 2011 | WAVLX vs GMODX | |
| Putnam Mortgage Opportunities Fund | 0.47% | Apr 6, 2015 | WAVLX vs PMOTX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | Sep 28, 2011 | WAVLX vs SUBFX | |
| FPA Flexible Fixed Income Fund | 0.51% | Dec 30, 2018 | WAVLX vs FPFIX | |
| PIMCO Strategic Bond Fund | 0.51% | Jan 29, 2009 | WAVLX vs PUTIX |
Best Risk-Adjusted Alternatives to WAVLX
Among mutual funds in the Nontraditional Bonds 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 | |
|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | Jan 27, 2023 | WAVLX vs CBYYX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | Jun 26, 2007 | WAVLX vs EIGMX | |
| PGIM Securitized Credit Fund | 99 | Jun 30, 2019 | WAVLX vs SCFZX | |
| Artisan Global Unconstrained Fund | 99 | Mar 30, 2022 | WAVLX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 99 | Aug 30, 2010 | WAVLX vs EGRIX |
Top Performing WAVLX Alternatives (YTD)
WAVLX alternatives from the Nontraditional Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Artisan Global Unconstrained Fund | 4.02% | Mar 30, 2022 | WAVLX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 3.59% | Aug 30, 2010 | WAVLX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 2.63% | Apr 6, 2015 | WAVLX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 2.43% | Jun 26, 2007 | WAVLX vs EIGMX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.27% | Jan 27, 2023 | WAVLX vs CBYYX |
Lowest Volatility Alternatives to WAVLX
WAVLX alternatives from the Nontraditional Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 1.27% | Jan 27, 2023 | WAVLX vs CBYYX | |
| DoubleLine Flexible Income Fund | 1.40% | Apr 6, 2014 | WAVLX vs DFLEX | |
| Dunham Long/Short Credit Fund | 1.45% | Dec 9, 2004 | WAVLX vs DCAIX | |
| Anfield Universal Fixed Income Fund | 1.58% | Jun 27, 2013 | WAVLX vs AFLIX | |
| GMO Opportunistic Income Fund | 1.64% | Oct 2, 2011 | WAVLX vs GMODX |
Lowest Drawdown Alternatives to WAVLX
WAVLX alternatives from the Nontraditional Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.18% | Jan 27, 2023 | WAVLX vs CBYYX | |
| Dunham Long/Short Credit Fund | -0.84% | Dec 9, 2004 | WAVLX vs DCAIX | |
| Toews Unconstrained Income Fund | -0.87% | Aug 27, 2013 | WAVLX vs TUIFX | |
| PGIM Absolute Return Bond Fund | -0.87% | Mar 29, 2011 | WAVLX vs PADZX | |
| PGIM Securitized Credit Fund | -0.93% | Jun 30, 2019 | WAVLX vs SCFZX |
Often Compared With WAVLX
What investors most often compare with WAVLX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| FolioBeyond Alternative Income and Interest Rate H... | Nontraditional Bonds | 55 | 1.82% | Sep 30, 2021 | WAVLX vs RISR | |
| Simplify Interest Rate Hedge ETF | Hedge Fund, Actively Managed | 16 | -2.90% | May 10, 2021 | WAVLX vs PFIX |
Compare WAVLX with Any Fund or Stock
Compare WAVLX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.