Weitz Partners III Opportunity Fund (WPOPX) 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 WPOPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to WPOPX
WPOPX charges 1.43% annually. There are 19 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 | WPOPX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | WPOPX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 11.58M | Jan 2026 | WPOPX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | WPOPX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | WPOPX vs BTPIX |
Best Risk-Adjusted Alternatives to WPOPX
WPOPX has a PortfoliosLab risk / return rank of 3. There are 43 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| John Hancock Disciplined Value Global Long/Short F... | 94 | — | Apr 2014 | WPOPX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 94 | — | Dec 2013 | WPOPX vs JAKRX | |
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | WPOPX vs BPLEX | |
| BlackRock Global Long/Short Equity Fund Class I | 92 | — | Dec 2012 | WPOPX vs BDMIX | |
| Gotham Absolute Return Fund | 88 | — | Aug 2012 | WPOPX vs GARIX |
Top Performing WPOPX Alternatives (YTD)
WPOPX is at -3.01% YTD. There are 46 mutual funds in the Long-Short category with higher YTD returns, going as high as 18.07%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Guggenheim Alpha Opportunity Fund | 18.07% | — | Jul 2003 | WPOPX vs SAOAX | |
| ACM Dynamic Opportunity Fund | 13.72% | — | Jan 2015 | WPOPX vs ADOIX | |
| John Hancock Disciplined Value Global Long/Short F... | 13.49% | — | Apr 2014 | WPOPX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 13.30% | — | Dec 2013 | WPOPX vs JAKRX | |
| BlackRock Global Long/Short Equity Fund Class I | 12.48% | — | Dec 2012 | WPOPX vs BDMIX |
Lowest Volatility Alternatives to WPOPX
WPOPX has 12.14% 1-year volatility. There are 39 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 4.91%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 4.91% | — | Dec 2011 | WPOPX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.31% | — | Dec 2012 | WPOPX vs ASILX | |
| MFS Managed Wealth Fund | 5.54% | — | Jun 2014 | WPOPX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 5.85% | — | Dec 2019 | WPOPX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 5.91% | — | Jan 2012 | WPOPX vs WRAIX |
Lowest Drawdown Alternatives to WPOPX
WPOPX has a 1-year max drawdown of -12.44%. There are 40 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 | WPOPX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | WPOPX vs GTAPX | |
| BlackRock Global Long/Short Equity Fund Class I | -3.54% | — | Dec 2012 | WPOPX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | WPOPX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | WPOPX vs GARIX |
Other Mutual Funds from Weitz
The 6 most viewed Weitz mutual funds shown here include WCPNX, WVALX, WPVLX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Weitz Core Plus Income Fund | Intermediate Core-Plus Bond | 31 | 0.80% | — | Jul 2014 | WPOPX vs WCPNX | |
| Weitz Value Fund | Large Cap Blend Equities | 2 | -5.45% | — | May 1986 | WPOPX vs WVALX | |
| Weitz Partners Value Fund | Large Cap Blend Equities | 1 | -4.49% | — | Jun 1983 | WPOPX vs WPVLX | |
| Weitz Short Duration Income Fund | Short-Term Bond | 92 | 1.29% | — | Dec 1988 | WPOPX vs WEFIX | |
| Weitz Balanced Fund | Diversified Portfolio | 5 | -0.90% | — | Sep 2003 | WPOPX vs WBALX | |
| Weitz Nebraska Tax-Free Income Fund | Municipal Bonds | — | — | — | Dec 2006 | WPOPX vs WNTFX |
Often Compared With WPOPX
Investors most often compare WPOPX with SPY, RPXIX, SNOIX. These 14 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare WPOPX with Any Fund or Stock
Compare WPOPX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair WPOPX with funds that move differently
Weitz Partners III Opportunity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WPOPX.
Explore WPOPX Diversifiers