Invesco Income Allocation Fund (ALAAX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ALAAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ALAAX
ALAAX charges 0.37% annually. There are 129 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | ALAAX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | ALAAX vs PALDX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 64.10B | Dec 2000 | ALAAX vs VBAIX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | ALAAX vs TSAIX | |
| Fidelity Sustainable Multi-Asset Fund | 0.05% | — | Feb 2022 | ALAAX vs FYMIX |
Best Risk-Adjusted Alternatives to ALAAX
ALAAX has a PortfoliosLab risk / return rank of 78. There are 69 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | ALAAX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 97 | — | Dec 2002 | ALAAX vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | ALAAX vs NWQIX | |
| Pioneer Balanced ESG Fund | 93 | — | Dec 1991 | ALAAX vs AYBLX | |
| Victory Pioneer Balanced Fund Class A | 93 | — | Dec 1991 | ALAAX vs AOBLX |
Top Performing ALAAX Alternatives (YTD)
ALAAX is at 4.64% YTD. There are 389 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 31.24%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 31.24% | — | Jan 1998 | ALAAX vs EKBAX | |
| Greenspring Fund | 19.30% | — | Jun 1983 | ALAAX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 19.20% | — | Aug 1998 | ALAAX vs MHELX | |
| ICON Equity Income Fund | 18.43% | — | May 2004 | ALAAX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 16.12% | — | Dec 2002 | ALAAX vs TIBIX |
Lowest Volatility Alternatives to ALAAX
ALAAX has 5.51% 1-year volatility. There are 72 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | ALAAX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.82% | — | Nov 2003 | ALAAX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.87% | — | Apr 2012 | ALAAX vs SCLAX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | ALAAX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | ALAAX vs CSTAX |
Lowest Drawdown Alternatives to ALAAX
ALAAX has a 1-year max drawdown of -4.25%. There are 69 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | ALAAX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | ALAAX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | ALAAX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | ALAAX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | ALAAX vs CSTAX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, VAFAX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 51 | 16.09% | — | Oct 2020 | ALAAX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 48 | 12.53% | — | — | ALAAX vs VADAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 10 | 6.07% | — | Jun 2005 | ALAAX vs VAFAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 21 | -12.38% | — | Jul 1983 | ALAAX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 79 | 18.62% | — | Jun 2001 | ALAAX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 72 | 12.21% | — | Oct 1968 | ALAAX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 33 | 6.92% | — | Feb 1988 | ALAAX vs MSIGX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 79 | 26.16% | — | Jun 1999 | ALAAX vs VSCAX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 68 | 7.30% | — | Aug 1960 | ALAAX vs ACEIX | |
| Invesco Global Fund | Global Equities | 17 | 5.97% | — | Dec 1969 | ALAAX vs OPPAX |
Often Compared With ALAAX
Investors most often compare ALAAX with HTGC, BERIX, QBDSX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare ALAAX with Any Fund or Stock
Compare ALAAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ALAAX with funds that move differently
Invesco Income Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ALAAX.
Explore ALAAX Diversifiers