FlexShares Real Assets Allocation Index Fund (ASET) belongs to the Diversified Portfolio category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ASET. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ASET
ASET charges 0.57% annually. There are 26 ETFs in the Diversified Portfolio category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify US Equity PLUS Managed Futures Strategy E... | 0.10% | 138.08M | Dec 2025 | ASET vs CTAP | |
| iShares Core 80/20 Aggressive Allocation ETF | 0.15% | 3.19B | Nov 2008 | ASET vs AOA | |
| iShares Core 60/40 Balanced Allocation ETF | 0.15% | 3.64B | Nov 2008 | ASET vs AOR | |
| iShares Core 30/70 Conservative Allocation ETF | 0.15% | 781.58M | Nov 2008 | ASET vs AOK | |
| iShares ESG Aware Aggressive Allocation ETF | 0.18% | 36.94M | Jun 2020 | ASET vs EAOA |
Best Risk-Adjusted Alternatives to ASET
Among 68 ETFs in the Diversified Portfolio category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Income Focus ETF | 92 | 1.72B | Jun 2023 | ASET vs INCM | |
| Alpha Architect High Inflation And Deflation ETF | 88 | 145.17M | Nov 2022 | ASET vs HIDE | |
| iShares Morningstar Multi-Asset Income ETF | 87 | 125.24M | Apr 2012 | ASET vs IYLD | |
| Avantis Moderate Allocation ETF | 87 | 82.33M | Jun 2023 | ASET vs AVMA | |
| First Trust Multi-Asset Diversified Income Index F... | 86 | 429.28M | Aug 2012 | ASET vs MDIV |
Top Performing ASET Alternatives (YTD)
Among 72 ETFs in the Diversified Portfolio category with YTD return data, the top-performing alternatives shown here go as high as 28.07%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Adaptive Core ETF | 28.07% | 16.56M | Nov 2021 | ASET vs RULE | |
| WisdomTree Emerging Markets Efficient Core Fund | 18.97% | 53.61M | May 2021 | ASET vs NTSE | |
| Pacer Trendpilot International ETF | 16.34% | 181.50M | May 2019 | ASET vs PTIN | |
| Invesco Zacks Multi-Asset Income ETF | 15.51% | 124.41M | Sep 2006 | ASET vs CVY | |
| Myriad Dynamic Asset Allocation ETF | 14.47% | 444.94M | Oct 2025 | ASET vs MDAA |
Lowest Volatility Alternatives to ASET
ASET has 0.00% 1-year volatility. No ETFs in the Diversified Portfolio category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 2.88%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Prospera Income ETF | 2.88% | 2.20M | Sep 2025 | ASET vs THRV | |
| First Trust High Income Strategic Focus ETF | 3.33% | 98.51M | Aug 2014 | ASET vs HISF | |
| Mindful Conservative ETF | 4.31% | 26.13M | Nov 2021 | ASET vs MFUL | |
| Brookstone Yield ETF | 4.53% | 43.48M | Sep 2023 | ASET vs BAMY | |
| Alpha Architect High Inflation And Deflation ETF | 4.73% | 145.17M | Nov 2022 | ASET vs HIDE |
Lowest Drawdown Alternatives to ASET
Among 68 ETFs in the Diversified Portfolio category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -2.48%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Brookstone Yield ETF | -2.48% | 43.48M | Sep 2023 | ASET vs BAMY | |
| First Trust High Income Strategic Focus ETF | -2.90% | 98.51M | Aug 2014 | ASET vs HISF | |
| Franklin Income Focus ETF | -3.19% | 1.72B | Jun 2023 | ASET vs INCM | |
| Alpha Architect High Inflation And Deflation ETF | -3.31% | 145.17M | Nov 2022 | ASET vs HIDE | |
| Mindful Conservative ETF | -3.36% | 26.13M | Nov 2021 | ASET vs MFUL |
Other ETFs from Northern Trust
The 10 most viewed Northern Trust ETFs shown here include GUNR, ESG, HYGV and span 9 categories. AUM among these funds goes as high as $7B.
Often Compared With ASET
Investors most often compare ASET with MOOD, NRIIX, GABF. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare ASET with Any Fund or Stock
Compare ASET with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ASET with funds that move differently
FlexShares Real Assets Allocation Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ASET.
Explore ASET Diversifiers