American Funds Global Balanced Fund (CBFAX) 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 CBFAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CBFAX
CBFAX charges 0.84% annually. There are 36 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 | CBFAX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | CBFAX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | CBFAX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | CBFAX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | CBFAX vs JNSMX |
Best Risk-Adjusted Alternatives to CBFAX
CBFAX has a PortfoliosLab risk / return rank of 61. There are 55 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 | 98 | — | Dec 2002 | CBFAX vs TIBAX | |
| GMO Benchmark-Free Fund | 97 | — | Jun 2011 | CBFAX vs GBFFX | |
| GMO Benchmark-Free Allocation Fund | 97 | — | Jul 2003 | CBFAX vs GBMFX | |
| GMO Implementation Fund | 97 | — | Feb 2012 | CBFAX vs GIMFX | |
| Principal Diversified Select Real Asset Fund | 97 | — | Jul 2019 | CBFAX vs PDSYX |
Top Performing CBFAX Alternatives (YTD)
CBFAX is at 6.85% YTD. There are 62 mutual funds in the Global Allocation category with higher YTD returns, going as high as 18.98%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 18.98% | — | Dec 2002 | CBFAX vs TIBAX | |
| Calamos Global Total Return Fund | 17.25% | — | Oct 2005 | CBFAX vs CGO | |
| Calamos Global Dynamic Income Fund | 16.99% | — | Jun 2007 | CBFAX vs CHW | |
| Wilmington Real Asset Fund | 16.46% | — | Jun 2003 | CBFAX vs WMRIX | |
| Nuveen Multi-Asset Income Fund | 15.72% | — | Nov 2021 | CBFAX vs NMAI |
Lowest Volatility Alternatives to CBFAX
CBFAX has 8.70% 1-year volatility. There are 27 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.03%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 3.03% | — | Jul 2019 | CBFAX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.42% | — | Dec 2017 | CBFAX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.78% | — | Mar 2011 | CBFAX vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.79% | — | Sep 2011 | CBFAX vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.96% | — | Dec 2011 | CBFAX vs PMFYX |
Lowest Drawdown Alternatives to CBFAX
CBFAX has a 1-year max drawdown of -6.73%. There are 33 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 | CBFAX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -3.48% | — | Mar 2011 | CBFAX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | CBFAX vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | CBFAX vs PMFYX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | CBFAX vs MSTGX |
Other Mutual Funds from American Funds
The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, AWSHX and span 7 categories.
Often Compared With CBFAX
Investors most often compare CBFAX with FXAIX, VOO, WARAX. These 12 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 59 | 10.13% | — | Feb 1988 | CBFAX vs FXAIX | |
| Vanguard S&P 500 ETF | S&P 500 | 78 | 11.72% | 1.70T | Sep 2010 | CBFAX vs VOO | |
| Allspring Absolute Return Fund | Global Allocation | 86 | 12.34% | — | Feb 2012 | CBFAX vs WARAX | |
| Cohen & Steers Real Assets Fund Inc | Global Allocation | 61 | 13.04% | — | Jan 2012 | CBFAX vs RAPZX | |
| Delaware Global Listed Real Assets Fund | Global Allocation | 91 | 9.40% | — | Dec 1995 | CBFAX vs DPREX | |
| SA Worldwide Moderate Growth Fund | Global Allocation | 96 | 11.78% | — | Jun 2015 | CBFAX vs SAWMX | |
| Leuthold Global Fund | Global Allocation | 85 | 12.39% | — | Apr 2008 | CBFAX vs GLBIX | |
| Hartford Real Asset Fund | Global Allocation | 97 | 14.42% | — | May 2010 | CBFAX vs HRLYX | |
| MH Elite Income Fund of Funds | Global Allocation | 29 | 1.71% | — | Aug 2011 | CBFAX vs MHEIX | |
| Lazard Real Assets Portfolio | Global Allocation | 90 | 13.30% | — | Dec 2016 | CBFAX vs RALIX | |
| Principal Diversified Real Asset Fund | Global Allocation | 87 | 12.95% | — | Mar 2010 | CBFAX vs PDRDX | |
| Calamos Global Opportunities Fund | Global Allocation | 33 | 12.82% | — | Sep 1996 | CBFAX vs CVLOX |
Compare CBFAX with Any Fund or Stock
Compare CBFAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CBFAX with funds that move differently
American Funds Global Balanced Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CBFAX.
Explore CBFAX Diversifiers