Best Alternative funds
Ranking of the top 20 Alternative funds by composite score (risk-adjusted return). Updated 13/07/2026.
ℹ️ Methodology: period and indicators
All indicators are computed over the last 1.0 years (380 trading days), with daily data. The risk-free rate used is 2.0%.
Score formula (risk-adjusted return):
0.25·R² + 0.15·Sortino* + 0.2·DD* + 0.2·CAGR_excess* + 0.1·Volatility_inv* + 0.1·Ulcer_inv*
* Components normalized to the analyzed set of funds (best in set = 1, worst = 0). The drawdown term is 1 − (MaxDD / 25.0%)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 | Ret./MaxDD | Calmar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | LU0428380397 | Man AHL Trend Alternative DNY USD Acc | 0.687 | 0.930 | 47.35% | 45.15% | 16.06% | 2.69 | 2.50 | 5.83% | 8.12 | 7.74 |
| 2 | FR0000978371 | AXA IM Euro Liquidity SRI | 0.680 | 1.000 | 2.20% | 2.13% | 0.08% | 1.69 | 3.62 | 0.00% | — | 0.00 |
| 3 | FR0000989626 | Groupama Trésorerie IC | 0.678 | 1.000 | 2.21% | 2.13% | 0.08% | 1.69 | 3.20 | 0.00% | 579.16 | 559.42 |
| 4 | FR0000447823 | AXA Trésor Court Terme C | 0.677 | 1.000 | 2.20% | 2.12% | 0.08% | 1.47 | 3.09 | 0.00% | — | 0.00 |
| 5 | FR0010738229 | Ofi Invest ISR Monétaire CT E | 0.672 | 1.000 | 2.18% | 2.10% | 0.08% | 1.28 | 2.32 | 0.01% | 404.07 | 390.30 |
| 6 | FR0000288946 | AXA Court Terme AC | 0.667 | 1.000 | 2.13% | 2.06% | 0.08% | 0.78 | 1.52 | 0.00% | — | 0.00 |
| 7 | LU1112771503 | Helium Fund - Helium Selection B-EUR | 0.667 | 0.962 | 6.75% | 6.48% | 1.73% | 2.60 | 2.52 | 1.21% | 5.60 | 5.37 |
| 8 | IE0003323494 | Fidelity ILF - EUR A Acc | 0.665 | 1.000 | 2.13% | 2.05% | 0.08% | 0.59 | 1.22 | 0.00% | — | 0.00 |
| 9 | LU0694232645 | Sissener SICAV - Sissener Canopus EUR R | 0.665 | 0.925 | 19.67% | 18.84% | 6.64% | 2.54 | 2.77 | 3.99% | 4.93 | 4.72 |
| 10 | ES0128520006 | Renta 4 Renta Fija 6 Meses FI | 0.664 | 0.998 | 2.22% | 2.13% | 0.15% | 0.91 | 1.00 | 0.05% | 45.17 | 43.40 |
| 11 | LU1662506093 | AQR UCITS Funds AQR Style Premia UCITS Fund RAE EUR Accumulation | 0.663 | 0.942 | 21.27% | 20.36% | 8.77% | 2.09 | 2.18 | 3.72% | 5.72 | 5.47 |
| 12 | IE00BTFQZL13 | CQS Global Convertible A EUR Acc | 0.661 | 0.925 | 17.98% | 17.22% | 6.24% | 2.44 | 2.57 | 4.56% | 3.95 | 3.78 |
| 13 | LU0424370004 | Man AHL Trend Alternative DNY H EUR Acc | 0.660 | 0.902 | 41.14% | 39.26% | 16.39% | 2.27 | 2.25 | 7.37% | 5.59 | 5.33 |
| 14 | IE00B5V4MS78 | GAM Star Fund plc - GAM Star Emerging Market Rates Class USD Accumulation | 0.657 | 0.937 | 7.76% | 7.45% | 2.71% | 2.01 | 1.99 | 1.17% | 6.64 | 6.37 |
| 15 | LU1293073232 | Schroder GAIA BlueTrend A Accumulation USD | 0.655 | 0.907 | 33.54% | 32.05% | 14.04% | 2.14 | 2.07 | 6.97% | 4.82 | 4.60 |
| 16 | LU2206556016 | Pictet TR Atlas Titan P EUR | 0.655 | 0.932 | 14.74% | 14.13% | 6.10% | 1.99 | 2.01 | 3.87% | 3.81 | 3.65 |
| 17 | LU1433232854 | Pictet TR Atlas | 0.652 | 0.938 | 7.42% | 7.13% | 3.05% | 1.68 | 1.74 | 1.89% | 3.93 | 3.77 |
| 18 | LU0458986105 | BANTLEON GLB CON IN GRD PT EUR | 0.651 | 0.936 | 15.75% | 15.09% | 7.32% | 1.79 | 1.83 | 5.42% | 2.91 | 2.78 |
| 19 | LU0490786174 | Janus Henderson Absolute Return Fund A2 HEUR | 0.650 | 0.947 | 3.50% | 3.36% | 1.29% | 1.05 | 1.05 | 0.71% | 4.95 | 4.75 |
| 20 | ES0138233038 | GVC GAESCO RETORNO ABSOLUTO FI | 0.648 | 0.890 | 14.63% | 14.02% | 6.17% | 1.95 | 2.42 | 4.08% | 3.59 | 3.44 |
📊 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 13/07/2026.
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.