DWS RREEF Real Assets Fund (AAAZX) belongs to the Global Allocation category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AAAZX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AAAZX
AAAZX charges 0.90% annually. There are 40 mutual funds in the Global Allocation category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Implementation Fund | 0.02% | — | Feb 2012 | AAAZX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | AAAZX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | AAAZX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | AAAZX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | AAAZX vs JNSMX |
Best Risk-Adjusted Alternatives to AAAZX
AAAZX has a PortfoliosLab risk / return rank of 61. There are 52 mutual funds in the Global Allocation category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund Class A | 98 | — | Dec 2002 | AAAZX vs TIBAX | |
| GMO Benchmark-Free Fund | 97 | — | Jun 2011 | AAAZX vs GBFFX | |
| GMO Implementation Fund | 96 | — | Feb 2012 | AAAZX vs GIMFX | |
| GMO Benchmark-Free Allocation Fund | 96 | — | Jul 2003 | AAAZX vs GBMFX | |
| Principal Diversified Select Real Asset Fund | 96 | — | Jul 2019 | AAAZX vs PDSYX |
Top Performing AAAZX Alternatives (YTD)
AAAZX is at 10.40% YTD. There are 34 mutual funds in the Global Allocation category with higher YTD returns, going as high as 18.81%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Global Dynamic Income Fund | 18.81% | — | Jun 2007 | AAAZX vs CHW | |
| Thornburg Investment Income Builder Fund Class A | 18.70% | — | Dec 2002 | AAAZX vs TIBAX | |
| Calamos Global Total Return Fund | 18.34% | — | Oct 2005 | AAAZX vs CGO | |
| Nuveen Multi-Asset Income Fund | 16.29% | — | Nov 2021 | AAAZX vs NMAI | |
| GMO Implementation Fund | 15.66% | — | Feb 2012 | AAAZX vs GIMFX |
Lowest Volatility Alternatives to AAAZX
AAAZX has 9.27% 1-year volatility. There are 40 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.02%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 3.02% | — | Jul 2019 | AAAZX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.43% | — | Dec 2017 | AAAZX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.76% | — | Mar 2011 | AAAZX vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.79% | — | Sep 2011 | AAAZX vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.97% | — | Dec 2011 | AAAZX vs PMFYX |
Lowest Drawdown Alternatives to AAAZX
AAAZX has a 1-year max drawdown of -5.78%. There are 18 mutual funds in the Global Allocation category with shallower 1-year drawdowns, going as shallow as -1.98%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | -1.98% | — | Jul 2019 | AAAZX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -3.48% | — | Mar 2011 | AAAZX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | AAAZX vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | AAAZX vs PMFYX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | AAAZX vs MSTGX |
Other Mutual Funds from DWS
The 10 most viewed DWS mutual funds shown here include AAAAX, KTCAX, SCDGX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| DWS RREEF Real Assets Fund - Class A | Diversified Portfolio | 58 | 10.21% | — | Jul 2007 | AAAZX vs AAAAX | |
| DWS Science and Technology Fund | Technology Equities | 34 | 21.38% | — | Sep 1948 | AAAZX vs KTCAX | |
| DWS Core Equity Fund | Large Cap Blend Equities | 66 | 14.31% | — | May 1929 | AAAZX vs SCDGX | |
| DWS Emerging Markets Equity Fund | Emerging Markets Equities | 54 | 24.51% | — | May 1996 | AAAZX vs SEMGX | |
| DWS S&P 500 Index Fund | S&P 500 | 65 | 13.28% | — | Aug 1997 | AAAZX vs SCPIX | |
| DWS International Growth Fund | Foreign Large Cap Equities | 23 | 8.74% | — | Jul 1986 | AAAZX vs SCOBX | |
| DWS Capital Growth Fund | Large Cap Growth Equities | 10 | 6.56% | — | Jul 2000 | AAAZX vs SCGSX | |
| DWS Global High Income Fund | High Yield Bonds | 77 | 2.25% | — | Mar 1998 | AAAZX vs MGHYX | |
| DWS Equity 500 Index Fund | Large Cap Blend Equities | 68 | 13.59% | — | Dec 1992 | AAAZX vs BTIIX | |
| DWS CROCI Equity Dividend Fd | Large Cap Value Equities | 64 | 19.28% | — | Mar 1988 | AAAZX vs KDHAX |
Often Compared With AAAZX
Investors most often compare AAAZX with RAPZX, EIPCX, UTES. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare AAAZX with Any Fund or Stock
Compare AAAZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AAAZX with funds that move differently
DWS RREEF Real Assets Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AAAZX.
Explore AAAZX Diversifiers