Wilmington Global Alpha Equities Fund (WRAIX) 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 WRAIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to WRAIX
WRAIX charges 1.24% annually. There are 7 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 | WRAIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | WRAIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 12.07M | Jan 2026 | WRAIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | WRAIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | WRAIX vs BTPIX |
Best Risk-Adjusted Alternatives to WRAIX
WRAIX has a PortfoliosLab risk / return rank of 39. There are 22 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 | WRAIX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 97 | — | Oct 1998 | WRAIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 97 | 601.30M | Nov 1998 | WRAIX vs VMNFX | |
| Knights of Columbus Long/Short Equity Fund | 96 | — | Dec 2019 | WRAIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | 96 | — | Sep 2006 | WRAIX vs GTAPX |
Top Performing WRAIX Alternatives (YTD)
WRAIX is at 4.66% YTD. There are 28 mutual funds in the Long-Short category with higher YTD returns, going as high as 21.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 21.25% | — | Nov 1998 | WRAIX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 16.69% | — | Oct 1998 | WRAIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 16.68% | 601.30M | Nov 1998 | WRAIX vs VMNFX | |
| Guggenheim Alpha Opportunity Fund | 15.53% | — | Jul 2003 | WRAIX vs SAOAX | |
| Wasatch Long/Short Alpha Fund | 13.61% | — | Sep 2021 | WRAIX vs WALSX |
Lowest Volatility Alternatives to WRAIX
WRAIX has 6.26% 1-year volatility. There are 3 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.55% | — | Dec 2011 | WRAIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.74% | — | Dec 2012 | WRAIX vs ASILX | |
| MFS Managed Wealth Fund | 6.02% | — | Jun 2014 | WRAIX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 6.62% | — | Dec 2019 | WRAIX vs KCEIX | |
| Federated Hermes MDT Market Neutral A | 6.74% | — | Sep 2008 | WRAIX vs QAMNX |
Lowest Drawdown Alternatives to WRAIX
WRAIX has a 1-year max drawdown of -5.03%. There are 11 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 | WRAIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | WRAIX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | WRAIX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | WRAIX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | WRAIX vs LSEIX |
Other Mutual Funds from Wilmington Funds
The 4 most viewed Wilmington Funds mutual funds shown here include WMRIX, WTAIX, WIBMX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Wilmington Real Asset Fund | Global Allocation | 90 | 17.01% | — | Jun 2003 | WRAIX vs WMRIX | |
| Wilmington Municipal Bond Fund | Municipal Bonds | 56 | -0.43% | — | Nov 1993 | WRAIX vs WTAIX | |
| Wilmington Broad Market Bond Fund | Intermediate Core Bond | 16 | -0.97% | — | Jul 1993 | WRAIX vs WIBMX | |
| Wilmington Large-Cap Strategy Fund | Large Cap Blend Equities | 52 | 9.11% | — | Jul 2003 | WRAIX vs WMLIX |
Often Compared With WRAIX
Investors most often compare WRAIX with SNOIX, QLENX, ADOIX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare WRAIX with Any Fund or Stock
Compare WRAIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair WRAIX with funds that move differently
Wilmington Global Alpha Equities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WRAIX.
Explore WRAIX Diversifiers