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 69. There are 23 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 | FFAAX vs TIBAX | |
| GMO Benchmark-Free Fund | 95 | — | Jun 2011 | FFAAX vs GBFFX | |
| GMO Implementation Fund | 94 | — | Feb 2012 | FFAAX vs GIMFX | |
| GMO Benchmark-Free Allocation Fund | 94 | — | Jul 2003 | FFAAX vs GBMFX | |
| SA Worldwide Moderate Growth Fund | 93 | — | Jun 2015 | FFAAX vs SAWMX |
Top Performing FFAAX Alternatives (YTD)
FFAAX is at 8.35% YTD. There are 34 mutual funds in the Global Allocation category with higher YTD returns, going as high as 26.70%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Global Total Return Fund | 26.70% | — | Oct 2005 | FFAAX vs CGO | |
| Calamos Global Dynamic Income Fund | 25.10% | — | Jun 2007 | FFAAX vs CHW | |
| Calamos Global Opportunities Fund | 18.27% | — | Sep 1996 | FFAAX vs CVLOX | |
| Thornburg Investment Income Builder Fund | 17.56% | — | Dec 2002 | FFAAX vs TIBAX | |
| Leuthold Global Fund | 15.15% | — | Apr 2008 | FFAAX vs GLBIX |
Lowest Volatility Alternatives to FFAAX
FFAAX has 9.10% 1-year volatility. There are 42 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 | 4.44% | — | Dec 2017 | FFAAX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.68% | — | Mar 2011 | FFAAX vs LFMIX | |
| Pioneer Multi-Asset Income Fund | 5.90% | — | Dec 2011 | FFAAX vs PMFYX | |
| Nuveen Real Asset Income Fund | 5.91% | — | Sep 2011 | FFAAX vs NRIIX |
Lowest Drawdown Alternatives to FFAAX
FFAAX has a 1-year max drawdown of -6.64%. There are 31 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 | |
| Allspring Absolute Return Fund | -3.81% | — | Feb 2012 | FFAAX vs WARAX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | FFAAX vs PMFYX |
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 | 18 | 10.75% | — | Jan 1968 | FFAAX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 33 | -0.48% | — | May 1969 | FFAAX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 84 | 4.75% | — | — | FFAAX vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 26 | 5.85% | — | Apr 1948 | FFAAX vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 18 | 14.85% | — | Jun 2011 | FFAAX vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 32 | 5.43% | — | Jan 1987 | FFAAX vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 8 | 2.89% | — | Aug 1997 | FFAAX vs SBLGX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 8 | 2.52% | — | Oct 1983 | FFAAX vs SHRAX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 89 | 4.88% | — | Aug 1997 | FFAAX vs FRIAX | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 34 | 5.24% | — | Mar 1970 | FFAAX vs SHAPX |
Often Compared With FFAAX
Investors most often compare FFAAX with SCHD, RAPZX, TRAIX. These 9 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | Dividend | 76 | 17.24% | 99.95B | Oct 2011 | FFAAX vs SCHD | |
| Cohen & Steers Real Assets Fund Inc | Global Allocation | 24 | 10.26% | — | Jan 2012 | FFAAX vs RAPZX | |
| T. Rowe Price Capital Appreciation Fund - I Class | Diversified Portfolio | 39 | 4.70% | — | Dec 2015 | FFAAX vs TRAIX | |
| Wilmington Real Asset Fund | Global Allocation | 47 | 11.89% | — | Jun 2003 | FFAAX vs WMRIX | |
| MH Elite Income Fund of Funds | Global Allocation | 30 | 2.09% | — | Aug 2011 | FFAAX vs MHEIX | |
| Principal Diversified Real Asset Fund | Global Allocation | 56 | 10.23% | — | Mar 2010 | FFAAX vs PDRDX | |
| Morningstar Global Income Fund | Global Allocation | 67 | 6.05% | — | Nov 2018 | FFAAX vs MSTGX | |
| Hartford Real Asset Fund | Global Allocation | 88 | 9.85% | — | May 2010 | FFAAX vs HRLYX | |
| Franklin Utilities Fund | Utilities Equities | 23 | 7.60% | — | Sep 1948 | FFAAX vs FKUTX |
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