Investment Test Drive

SCOIX CMG Long/Short I

5 lower fee alternatives found

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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund SCOIX CMG Long/Short I PHDG PowerShares S&P 500 Downside Hedged ETF VIXH First Trust CBOE® S&P 500 VIX®Tail H ETF  
Similarity
?
100% 89% 96%
Annual Fees
?
$348.90
(3.36% Exp. Ratio)
$40.50
(0.39% Exp. Ratio)
$62.30
(0.60% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 3.84% annual return
$11,106.71 $27,540.12 $25,850.51
Est. savings over 30 yrs +$16,433.42 +$14,743.81
Return
As of 11/30/16
1 YR RETURN -4.97%
3 YR -14.00%
5 YR --
10 YR --
1 YR RETURN -2.33%
3 YR -2.02%
5 YR --
10 YR --
1 YR RETURN -3.40%
3 YR 3.01%
5 YR --
10 YR --
Description
The investment seeks to generate capital appreciation in rising and falling markets. The fund seeks to generate capital appreciation in rising and falling markets using a long/short strategy that invests primarily in exchange-traded funds, inverse exchange-traded funds and other mutual funds ("underlying funds"). The fund primarily invests in underlying funds that are representative of various U.S. large cap equity indices but may, from time to time, invest in underlying funds which invest in investment grade fixed income securities. The fund is non-diversified.
The investment seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed income market returns. The fund uses a quantitative, rules based strategy to allocate its assets among components of the S&P 500® Dynamic VEQTOR Index in a combination of (i) equity securities contained in the S&P 500® Index and that are listed on a U.S. securities exchange, (ii) Chicago Board Options Exchange Volatility Index related instruments, such as listed VIX Index futures contracts that reflect exposure to the S&P 500® VIX Short Term Futures Index, and (iii) money market instruments, cash and cash equivalents.
The investment seeks results that correspond generally to an equity index called the CBOE(R) VIX(R) Tail Hedge Index. The fund will normally invest at least 90% of its net assets in common stocks and call options included in the index. The index is composed of each of the equity securities comprising the S&P 500 and an out-of-the-money call option position on the Chicago Board Options Exchange Market Volatility Index. It is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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