ALPS/Red Rocks Global Opportunity Portfolio (AVPEX) belongs to the Global Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AVPEX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AVPEX
AVPEX charges 1.45% annually. There are 228 mutual funds in the Global Equities category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Global Equity Allocation Fund | 0.01% | — | Nov 1996 | AVPEX vs GMGEX | |
| GMO Global Developed Equity Allocation Fund | 0.01% | — | Jun 2005 | AVPEX vs GWOAX | |
| State Street Global All Cap Equity ex-U.S. Index F... | 0.07% | — | Sep 2014 | AVPEX vs SSGLX | |
| USAA Cornerstone Equity Fund | 0.09% | — | Jun 2012 | AVPEX vs UCEQX | |
| Vanguard Total World Stock Index Fund Admiral Shar... | 0.09% | 97.00B | Feb 2019 | AVPEX vs VTWAX |
Best Risk-Adjusted Alternatives to AVPEX
AVPEX has a PortfoliosLab risk / return rank of 1. There are 246 mutual funds in the Global Equities category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| LSV Global Managed Volatility Fund | 97 | — | Jun 2014 | AVPEX vs LVAFX | |
| Wasatch Global Value Fund Investor Class Shares | 97 | — | Sep 1996 | AVPEX vs FMIEX | |
| LSV Global Value Fund | 97 | — | Jun 2014 | AVPEX vs LVAGX | |
| MainStay Epoch Global Equity Yield Fund | 96 | — | Dec 2005 | AVPEX vs EPSYX | |
| Polaris Global Value Fund | 95 | — | May 1998 | AVPEX vs PGVFX |
Top Performing AVPEX Alternatives (YTD)
AVPEX is at -6.46% YTD. There are 247 mutual funds in the Global Equities category with higher YTD returns, going as high as 24.97%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AMG Yacktman Global Fund | 24.97% | — | Jan 2017 | AVPEX vs YFSIX | |
| AMG Yacktman Global Fund Class N | 24.78% | — | — | AVPEX vs YFSNX | |
| LSV Global Value Fund | 24.67% | — | Jun 2014 | AVPEX vs LVAGX | |
| T. Rowe Price Global Technology Fund I Class | 23.72% | — | Nov 2016 | AVPEX vs PGTIX | |
| MainStay Epoch Global Equity Yield Fund | 21.42% | — | Dec 2005 | AVPEX vs EPSYX |
Lowest Volatility Alternatives to AVPEX
AVPEX has 18.52% 1-year volatility. There are 204 mutual funds in the Global Equities category with lower 1-year volatility, going as low as 6.87%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund | 6.87% | — | Dec 2015 | AVPEX vs MBXAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 6.90% | — | Dec 1996 | AVPEX vs MBXIX | |
| Vanguard Global Minimum Volatility Fund Investor S... | 6.99% | 2.00B | Dec 2013 | AVPEX vs VMVFX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | 7.01% | 2.00B | Dec 2013 | AVPEX vs VMNVX | |
| SEI Institutional Managed Trust Global Managed Vol... | 7.42% | — | Jul 2006 | AVPEX vs SVTAX |
Lowest Drawdown Alternatives to AVPEX
AVPEX has a 1-year max drawdown of -21.97%. There are 242 mutual funds in the Global Equities category with shallower 1-year drawdowns, going as shallow as -3.85%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund Class I | -3.85% | — | Dec 1996 | AVPEX vs MBXIX | |
| Catalyst/Millburn Hedge Strategy Fund | -3.89% | — | Dec 2015 | AVPEX vs MBXAX | |
| Russell Investment Tax-Managed Real Assets Fund | -5.21% | — | Jun 2019 | AVPEX vs RTXAX | |
| LSV Global Managed Volatility Fund | -5.76% | — | Jun 2014 | AVPEX vs LVAFX | |
| SEI Institutional Investments Trust Global Managed... | -5.88% | — | Jan 2016 | AVPEX vs SGMAX |
Other Mutual Funds from ALPS
The 8 most viewed ALPS mutual funds shown here include INDAX, RLIIX, JCRAX and span 8 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ALPS/Kotak India ESG Fund | India Equities, Asia Pacific Equities | 1 | -9.24% | 4.59M | Feb 2011 | AVPEX vs INDAX | |
| RiverFront Asset Allocation Growth & Income | Diversified Portfolio | 76 | 8.09% | — | Aug 2010 | AVPEX vs RLIIX | |
| ALPS/CoreCommodity Management CompleteCommoditiesS... | Commodities | 82 | 18.77% | 16.45M | Jun 2010 | AVPEX vs JCRAX | |
| ALPS/Smith Balanced Opportunity Fund | Diversified Portfolio | 66 | 7.63% | — | Sep 2020 | AVPEX vs ALIBX | |
| ALPS/Red Rocks Global Opportunity Fund | Global Equities | 1 | -5.27% | 9.31M | Dec 2007 | AVPEX vs LPEFX | |
| ALPS/Smith Total Return Bond Fund | Intermediate Core-Plus Bond | — | — | 3.25B | Jun 2018 | AVPEX vs SMTRX | |
| ALPS/Smith Credit Opportunities Fund | Multisector Bonds | 43 | 0.85% | — | Sep 2020 | AVPEX vs SMCVX | |
| ALPS/Smith Short Duration Bond Fund | Short-Term Bond | 90 | 0.81% | 630.45M | Jun 2018 | AVPEX vs SMRSX |
Often Compared With AVPEX
Investors most often compare AVPEX with CAEIX, PRAFX, GAOAX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare AVPEX with Any Fund or Stock
Compare AVPEX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AVPEX with funds that move differently
ALPS/Red Rocks Global Opportunity Portfolio alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AVPEX.
Explore AVPEX Diversifiers