Best Mutual Funds: Top Performing Market Neutral / Long-Short Equity Funds

Investing, Investments

NerdWallet examined all 7,000+ mutual funds that were in existence for the full decade ending December 31, 2012.  Below are the top performing market neutral/long-short equity funds of that ten year time period.  Past performance is not necessarily indicative of future results.

Fund Name Symbol Annual Return Annual Volatility Assets Under Management Expense Ratio
Robeco Long/Short Equity BPLEX 11.41% 19% 713,856,987 2.73%
Diamond Hill Long-Short DIAMX 8.04% 13% 2,229,510,055 1.43%
Guggenheim US Long Short Momentum RYSRX 6.67% 19% 67,258,534 1.66%
Schwab Hedged Equity SWHEX 5.89% 11% 194,611,351 1.53%
Aberdeen Equity Long-Short MLSAX 5.27% 9% 571,591,361 1.69%
ICON Long/Short IOLCX 5.05% 18% 24,315,187 2.41%
Bridgeway Managed Volatility BRBPX 4.57% 9% 24,513,961 0.94%
Gateway GATEX 4.50% 7% 6,904,578,014 0.94%
Merger Fund MERFX 4.29% 5% 4,474,583,171 1.33%
Arbitrage Fund ARBFX 3.93% 5% 3,057,587,837 1.44%
Caldwell & Orkin Market Opportunity COAGX 3.10% 8% 249,748,972 1.26%
Calamos Market Neutral Income CAMNX 3.08% 6% 2,481,569,161 1.89%

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