Franklin Global Allocation Fund (FFAAX) 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 FFAAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FFAAX
FFAAX charges 0.66% annually. There are 20 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 | FFAAX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | FFAAX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | FFAAX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | FFAAX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | FFAAX vs JNSMX |
Best Risk-Adjusted Alternatives to FFAAX
FFAAX has a PortfoliosLab risk / return rank of 73. There are 24 mutual funds in the Global Allocation category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 97 | — | Dec 2002 | FFAAX vs TIBAX | |
| GMO Benchmark-Free Fund | 95 | — | Jun 2011 | FFAAX vs GBFFX | |
| Principal Diversified Select Real Asset Fund | 95 | — | Jul 2019 | FFAAX vs PDSYX | |
| GMO Implementation Fund | 94 | — | Feb 2012 | FFAAX vs GIMFX | |
| GMO Benchmark-Free Allocation Fund | 94 | — | Jul 2003 | FFAAX vs GBMFX |
Top Performing FFAAX Alternatives (YTD)
FFAAX is at 8.59% YTD. There are 31 mutual funds in the Global Allocation category with higher YTD returns, going as high as 22.73%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Global Dynamic Income Fund | 22.73% | — | Jun 2007 | FFAAX vs CHW | |
| Calamos Global Total Return Fund | 22.71% | — | Oct 2005 | FFAAX vs CGO | |
| Calamos Global Opportunities Fund | 16.09% | — | Sep 1996 | FFAAX vs CVLOX | |
| Thornburg Investment Income Builder Fund | 16.05% | — | Dec 2002 | FFAAX vs TIBAX | |
| Nuveen Multi-Asset Income Fund | 13.89% | — | Nov 2021 | FFAAX vs NMAI |
Lowest Volatility Alternatives to FFAAX
FFAAX has 9.21% 1-year volatility. There are 41 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 | FFAAX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.43% | — | Dec 2017 | FFAAX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.68% | — | Mar 2011 | FFAAX vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.88% | — | Sep 2011 | FFAAX vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.93% | — | Dec 2011 | FFAAX vs PMFYX |
Lowest Drawdown Alternatives to FFAAX
FFAAX has a 1-year max drawdown of -6.64%. There are 30 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 | FFAAX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -2.60% | — | Mar 2011 | FFAAX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | FFAAX vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | FFAAX vs PMFYX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | FFAAX vs MSTGX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities, Technology Equities | 17 | 9.66% | — | Jan 1968 | FFAAX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 34 | -8.99% | — | May 1969 | FFAAX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 80 | 5.21% | — | — | FFAAX vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 23 | 6.65% | — | Apr 1948 | FFAAX vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 34 | 20.75% | — | Jun 2011 | FFAAX vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 28 | 6.78% | — | Jan 1987 | FFAAX vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 8 | 4.70% | — | Aug 1997 | FFAAX vs SBLGX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 86 | 5.36% | — | Aug 1997 | FFAAX vs FRIAX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 8 | 3.59% | — | Oct 1983 | FFAAX vs SHRAX | |
| Templeton Institutional Fund International Equity ... | Foreign Large Cap Equities | 43 | 15.10% | — | Oct 1990 | FFAAX vs TFEQX |
Often Compared With FFAAX
Investors most often compare FFAAX with SCHD, RAPZX, TRAIX. These 12 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare FFAAX with Any Fund or Stock
Compare FFAAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FFAAX with funds that move differently
Franklin Global Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FFAAX.
Explore FFAAX Diversifiers