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 17 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% | 12.07M | 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 13. There are 36 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 | WPOPX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 97 | — | Oct 1998 | WPOPX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 97 | 601.30M | Nov 1998 | WPOPX vs VMNFX | |
| Quantitative U.S. Long/Short Equity Portfolio | 95 | — | Sep 2006 | WPOPX vs GTAPX | |
| Knights of Columbus Long/Short Equity Fund | 95 | — | Dec 2019 | WPOPX vs KCEIX |
Top Performing WPOPX Alternatives (YTD)
WPOPX is at 4.32% YTD. There are 34 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 | WPOPX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 16.18% | — | Oct 1998 | WPOPX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 16.18% | 601.30M | Nov 1998 | WPOPX vs VMNFX | |
| Guggenheim Alpha Opportunity Fund | 15.92% | — | Jul 2003 | WPOPX vs SAOAX | |
| Wasatch Long/Short Alpha Fund | 13.20% | — | Sep 2021 | WPOPX vs WALSX |
Lowest Volatility Alternatives to WPOPX
WPOPX has 12.65% 1-year volatility. There are 34 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 | WPOPX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.75% | — | Dec 2012 | WPOPX vs ASILX | |
| MFS Managed Wealth Fund | 6.03% | — | Jun 2014 | WPOPX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.25% | — | Jan 2012 | WPOPX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.51% | — | Dec 2019 | WPOPX vs KCEIX |
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 | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | WPOPX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | WPOPX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | WPOPX vs LSEIX |
Other Mutual Funds from Weitz
The 5 most viewed Weitz mutual funds shown here include WCPNX, WVALX, WEFIX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Weitz Core Plus Income Fund | Intermediate Core-Plus Bond | 21 | -0.36% | — | Jul 2014 | WPOPX vs WCPNX | |
| Weitz Value Fund | Large Cap Blend Equities | 4 | -1.33% | — | May 1986 | WPOPX vs WVALX | |
| Weitz Short Duration Income Fund | Short-Term Bond | 94 | 1.33% | — | Dec 1988 | WPOPX vs WEFIX | |
| Weitz Partners Value Fund | Large Cap Blend Equities | 6 | 1.08% | — | Jun 1983 | WPOPX vs WPVLX | |
| Weitz Balanced Fund | Diversified Portfolio | 15 | 1.73% | — | Sep 2003 | WPOPX vs WBALX |
Often Compared With WPOPX
Investors most often compare WPOPX with RPXIX, SPY, SNOIX. These 17 comparison targets span 5 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