Best Alternative funds
Ranking of the top 20 Alternative funds by composite score (risk-adjusted return). Updated 12/10/2026.
ℹ️ Methodology: period and indicators
All indicators are computed over the last 3 years of prices, with daily data. The risk-free rate used is 2.0%.
Score formula (risk-adjusted return):
0.15·R² + 0.15·Sortino* + 0.2·DD* + 0.2·CAGR_excess* + 0.1·Volatility_inv* + 0.2·Ulcer_inv*
* Components normalized to the analyzed set of funds (best in set = 1, worst = 0). The drawdown term is 1 − (MaxDD / 30.0%)3, clamped to [0,1]. Volatility and Ulcer are inverted (less = better).
A higher score means better relative behavior within the analyzed set, not an investment recommendation.
🏆 Ranking
| # | ISIN | Name | Score | R² | Total Ret. | Annual Ret. | Volatility | Sharpe | Sortino | Max Drawdown | Calmar |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | FR0000978371 | AXA IM Euro Liquidity SRI | 0.801 | 0.978 | 9.25% | 2.99% | 0.12% | 8.36 | 31.27 | 0.00% | 0.00 |
| 2 | FR0007038138 | Amundi Euro Liquidity-Rated SRI I | 0.798 | 0.978 | 9.14% | 2.96% | 0.13% | 7.59 | 30.62 | 0.00% | 0.00 |
| 3 | FR0000447823 | AXA Trésor Court Terme C | 0.786 | 0.979 | 9.22% | 2.98% | 0.13% | 7.75 | 28.00 | 0.00% | 0.00 |
| 4 | FR0000288946 | AXA Court Terme AC | 0.779 | 0.978 | 8.99% | 2.91% | 0.12% | 7.41 | 26.50 | 0.00% | 0.00 |
| 5 | IE0003323494 | Fidelity ILF - EUR A Acc | 0.775 | 0.978 | 8.84% | 2.86% | 0.12% | 6.99 | 25.83 | 0.00% | 0.00 |
| 6 | FR0000989626 | Groupama Trésorerie IC | 0.774 | 0.978 | 9.29% | 3.00% | 0.12% | 8.14 | 25.45 | 0.00% | 788.39 |
| 7 | FR0010738229 | Ofi Invest ISR Monétaire CT E | 0.768 | 0.979 | 9.08% | 2.94% | 0.12% | 8.15 | 24.13 | 0.01% | 545.72 |
| 8 | FR0010693689 | AXA Court Terme P | 0.759 | 0.977 | 8.73% | 2.83% | 0.12% | 6.89 | 22.42 | 0.00% | 0.00 |
| 9 | FR0000991390 | La Française Trésorerie ISR R | 0.743 | 0.975 | 8.89% | 2.88% | 0.12% | 7.41 | 19.10 | 0.01% | 236.41 |
| 10 | ES0128520006 | Renta 4 Renta Fija 6 Meses FI | 0.691 | 0.980 | 9.14% | 2.96% | 0.14% | 6.65 | 8.00 | 0.05% | 60.16 |
| 11 | LU1112771503 | Helium Fund - Helium Selection B-EUR | 0.656 | 0.979 | 19.32% | 6.07% | 2.22% | 1.83 | 1.60 | 2.51% | 2.42 |
| 12 | LU0490786174 | Janus Henderson Absolute Return Fund A2 HEUR | 0.650 | 0.959 | 14.03% | 4.47% | 1.94% | 1.27 | 1.26 | 1.41% | 3.18 |
| 13 | ES0175414012 | Dunas Valor Equilibrado I FI | 0.649 | 0.935 | 14.62% | 4.66% | 1.66% | 1.60 | 1.57 | 1.61% | 2.90 |
| 14 | IE00BLP5S460 | JupiterMerlan Global Equity Absolute Return I (EUR) Hedged Acc | 0.649 | 0.979 | 32.05% | 9.71% | 4.36% | 1.77 | 1.78 | 4.31% | 2.25 |
| 15 | LU1433232854 | Pictet TR Atlas | 0.648 | 0.968 | 20.51% | 6.41% | 2.89% | 1.53 | 1.53 | 2.83% | 2.27 |
| 16 | LU1694789535 | DNCA Invest Alpha Bonds I EUR | 0.646 | 0.963 | 12.61% | 4.04% | 2.30% | 0.89 | 0.88 | 2.50% | 1.62 |
| 17 | LU1593227850 | BSF Asia Pacific Equity Absolute Return D2 EURH | 0.644 | 0.904 | 42.81% | 12.61% | 4.59% | 2.31 | 2.47 | 3.93% | 3.21 |
| 18 | LU1508158430 | BlackRock Strategic Fds - BlackRock Systematic Asia Pacific Equity Absolute Return Fd A2 EUR Hedged | 0.641 | 0.897 | 41.11% | 12.16% | 4.62% | 2.20 | 2.35 | 4.13% | 2.94 |
| 19 | LU2206556016 | Pictet TR Atlas Titan P EUR | 0.638 | 0.959 | 38.31% | 11.41% | 5.62% | 1.68 | 1.67 | 5.39% | 2.12 |
| 20 | LU1001747408 | JPMorgan Funds - Europe Equity Absolute Alpha Fund A (perf) (acc) EUR | 0.637 | 0.957 | 32.22% | 9.75% | 6.37% | 1.22 | 1.16 | 4.26% | 2.29 |
📊 Compared evolution (base 100)
❓ Frequently asked questions
How is the fund ranking calculated?
Each fund gets a composite score from 0 to 1 that combines risk-adjusted return (excess CAGR and Sortino), curve stability (R² and inverted volatility) and drawdown control (a non-linear penalty plus the Ulcer Index). Funds are then ordered by that score.
What does the score mean for Alternative funds?
A higher score means better relative behavior within the analyzed set: more stable growth and smaller drawdowns for the return achieved. It is a comparison tool, not an investment recommendation.
How often is the data updated?
The ranking is recomputed from daily NAV data each time the site is regenerated. This page was last updated on 12/10/2026.
Is this investment advice?
No. All content is educational and based on historical data. Past performance does not guarantee future results. Consult a licensed advisor before investing.