abrdn Global Absolute Return Strategies Fund (CGFIX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with CGFIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CGFIX
CGFIX charges 0.78% annually. There are 8 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | CGFIX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | CGFIX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | CGFIX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | CGFIX vs GAAVX | |
| Allspring Alternative Risk Premia Fund | 0.72% | — | Jan 2019 | CGFIX vs WRPIX |
Best Risk-Adjusted Alternatives to CGFIX
CGFIX has a PortfoliosLab risk / return rank of 37. There are 50 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | CGFIX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | CGFIX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | CGFIX vs FSLTX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | CGFIX vs BXMIX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | CGFIX vs ADAIX |
Top Performing CGFIX Alternatives (YTD)
CGFIX is at 0.33% YTD. There are 62 mutual funds in the Multistrategy category with higher YTD returns, going as high as 22.10%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 22.10% | — | Sep 2017 | CGFIX vs QRPRX | |
| AQR Alternative Risk Premia Fund - Class I | 21.98% | — | Sep 2017 | CGFIX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 21.85% | — | Sep 2017 | CGFIX vs QRPNX | |
| AQR Style Premia Alternative Fund - Class I | 17.69% | — | Oct 2013 | CGFIX vs QSPIX | |
| AQR Style Premia Alternative R6 | 17.68% | — | Sep 2014 | CGFIX vs QSPRX |
Lowest Volatility Alternatives to CGFIX
CGFIX has 3.11% 1-year volatility. There are 11 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.25% | — | Aug 2017 | CGFIX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.47% | — | Jan 2009 | CGFIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.48% | — | Jan 2009 | CGFIX vs ADAIX | |
| Strategic Advisers Alternatives Fund | 2.25% | — | Jul 2022 | CGFIX vs FSLTX | |
| Morningstar Alternatives Fund | 2.29% | — | Nov 2018 | CGFIX vs MSTVX |
Lowest Drawdown Alternatives to CGFIX
CGFIX has a 1-year max drawdown of -2.78%. There are 21 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | CGFIX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | CGFIX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class N | -0.60% | — | Jan 2009 | CGFIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.60% | — | Jan 2009 | CGFIX vs ADAIX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | CGFIX vs FSLTX |
Other Mutual Funds from Aberdeen
The 10 most viewed Aberdeen mutual funds shown here include ASGI, THQ, ATOIX and span 11 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Abrdn Global Infrastructure Income Fund | Infrastructure Equities, Industrials Equities | 47 | 14.30% | — | Jul 2020 | CGFIX vs ASGI | |
| Abrdn Healthcare Opportunities Fund | Health & Biotech Equities | 59 | 4.81% | — | Jul 2014 | CGFIX vs THQ | |
| abrdn Ultra Short Municipal Income Fund | Municipal Bonds | 100 | 1.46% | — | Dec 2002 | CGFIX vs ATOIX | |
| abrdn Realty Income & Growth Fund | REIT | 82 | 21.63% | — | Dec 1998 | CGFIX vs AIGYX | |
| abrdn Emerging Markets ex-China Fund | Emerging Markets Equities | 80 | 28.23% | — | Aug 2000 | CGFIX vs GLLSX | |
| abrdn World Healthcare Fund | Health & Biotech Equities | 84 | 10.91% | — | Jun 2015 | CGFIX vs THW | |
| abrdn Asia-Pacific Income Fund Inc | Emerging Markets Bonds | 7 | 2.08% | — | Jan 1990 | CGFIX vs FAX | |
| abrdn U.S. Sustainable Leaders Fund | Large Cap Growth Equities | 10 | 3.33% | — | Jun 2000 | CGFIX vs GXXIX | |
| abrdn Dynamic Dividend Fund | Global Equities | 79 | 11.53% | — | Sep 2003 | CGFIX vs ADVDX | |
| abrdn China A Share Equity Fund | China Equities, Asia Pacific Equities | — | — | — | Jun 2004 | CGFIX vs GOPIX |
Often Compared With CGFIX
Investors most often compare CGFIX with QGMIX, BAR, VOO. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare CGFIX with Any Fund or Stock
Compare CGFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CGFIX with funds that move differently
abrdn Global Absolute Return Strategies Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CGFIX.
Explore CGFIX Diversifiers