Franklin K2 Alternative Strategies Fund (FABZX) 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 FABZX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FABZX
FABZX charges 1.95% annually. There are 37 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 | FABZX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | FABZX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | FABZX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | FABZX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | FABZX vs JAAAX |
Best Risk-Adjusted Alternatives to FABZX
FABZX has a PortfoliosLab risk / return rank of 96. There are 13 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 | FABZX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | FABZX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | FABZX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | FABZX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | FABZX vs ADANX |
Top Performing FABZX Alternatives (YTD)
FABZX is at 5.67% YTD. There are 25 mutual funds in the Multistrategy category with higher YTD returns, going as high as 18.48%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 18.48% | — | Sep 2017 | FABZX vs QRPRX | |
| AQR Alternative Risk Premia Fund | 17.03% | — | Sep 2017 | FABZX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 16.94% | — | Sep 2017 | FABZX vs QRPNX | |
| AQR Style Premia Alternative R6 | 12.97% | — | Sep 2014 | FABZX vs QSPRX | |
| AQR Style Premia Alternative Fund Class N | 12.90% | — | Oct 2013 | FABZX vs QSPNX |
Lowest Volatility Alternatives to FABZX
FABZX has 3.94% 1-year volatility. There are 18 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.24%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.24% | — | Aug 2017 | FABZX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.42% | — | Jan 2009 | FABZX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.42% | — | Jan 2009 | FABZX vs ADANX | |
| T. Rowe Price Multi-Strategy Total Return Fund | 1.68% | — | Feb 2018 | FABZX vs TMSRX | |
| Strategic Advisers Alternatives Fund | 2.18% | — | Jul 2022 | FABZX vs FSLTX |
Lowest Drawdown Alternatives to FABZX
FABZX has a 1-year max drawdown of -1.49%. There are 10 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.39%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | -0.39% | — | Jan 2009 | FABZX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | FABZX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | FABZX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | FABZX vs SRRIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | -0.83% | — | Feb 2018 | FABZX vs TMSRX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities, Technology Equities | 13 | 6.31% | — | Jan 1968 | FABZX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 28 | -6.87% | — | May 1969 | FABZX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 79 | 4.34% | — | — | FABZX vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 19 | 3.19% | — | Apr 1948 | FABZX vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 19 | 14.74% | — | Jun 2011 | FABZX vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 26 | 4.40% | — | Jan 1987 | FABZX vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 5 | -0.39% | — | Aug 1997 | FABZX vs SBLGX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 6 | 0.49% | — | Oct 1983 | FABZX vs SHRAX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 89 | 4.88% | — | Aug 1997 | FABZX vs FRIAX | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 24 | 3.19% | — | Mar 1970 | FABZX vs SHAPX |
Often Compared With FABZX
Investors most often compare FABZX with BIMBX, SHRIX, FCRIX. These 18 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare FABZX with Any Fund or Stock
Compare FABZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FABZX with funds that move differently
Franklin K2 Alternative Strategies Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FABZX.
Explore FABZX Diversifiers