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% | 11.58M | 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 25. There are 27 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| John Hancock Disciplined Value Global Long/Short F... | 95 | — | Apr 2014 | WRAIX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 94 | — | Dec 2013 | WRAIX vs JAKRX | |
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | WRAIX vs BPLEX | |
| BlackRock Global Long/Short Equity Fund Class I | 91 | — | Dec 2012 | WRAIX vs BDMIX | |
| Gotham Absolute Return Fund | 89 | — | Aug 2012 | WRAIX vs GARIX |
Top Performing WRAIX Alternatives (YTD)
WRAIX is at 3.69% YTD. There are 29 mutual funds in the Long-Short category with higher YTD returns, going as high as 17.00%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Guggenheim Alpha Opportunity Fund | 17.00% | — | Jul 2003 | WRAIX vs SAOAX | |
| John Hancock Disciplined Value Global Long/Short F... | 13.36% | — | Apr 2014 | WRAIX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 13.18% | — | Dec 2013 | WRAIX vs JAKRX | |
| ACM Dynamic Opportunity Fund | 12.97% | — | Jan 2015 | WRAIX vs ADOIX | |
| Anchor Risk Managed Equity Strategies Fund | 12.09% | — | Sep 2016 | WRAIX vs ATESX |
Lowest Volatility Alternatives to WRAIX
WRAIX has 5.92% 1-year volatility. There are 4 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 4.92%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 4.92% | — | Dec 2011 | WRAIX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.32% | — | Dec 2012 | WRAIX vs ASILX | |
| MFS Managed Wealth Fund | 5.55% | — | Jun 2014 | WRAIX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 5.83% | — | Dec 2019 | WRAIX vs KCEIX | |
| Federated Hermes MDT Market Neutral A | 6.61% | — | Sep 2008 | WRAIX vs QAMNX |
Lowest Drawdown Alternatives to WRAIX
WRAIX has a 1-year max drawdown of -5.03%. There are 13 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 | |
| BlackRock Global Long/Short Equity Fund Class I | -3.54% | — | Dec 2012 | WRAIX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | WRAIX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | WRAIX vs GARIX |
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 | 86 | 15.23% | — | Jun 2003 | WRAIX vs WMRIX | |
| Wilmington Municipal Bond Fund | Municipal Bonds | 63 | 0.72% | — | Nov 1993 | WRAIX vs WTAIX | |
| Wilmington Broad Market Bond Fund | Intermediate Core Bond | 18 | 0.09% | — | Jul 1993 | WRAIX vs WIBMX | |
| Wilmington Large-Cap Strategy Fund | Large Cap Blend Equities | 69 | 11.11% | — | Jul 2003 | WRAIX vs WMLIX |
Often Compared With WRAIX
Investors most often compare WRAIX with SNOIX, QLEIX, QLENX. These 20 comparison targets span 1 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