GMO Alternative Allocation Fund (GAAVX) 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 GAAVX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GAAVX
GAAVX charges 0.61% annually. There are 3 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 | GAAVX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | GAAVX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | GAAVX vs TALTX | |
| Allspring Alternative Risk Premia Fund | 0.72% | — | Jan 2019 | GAAVX vs WRPIX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | GAAVX vs JAAAX |
Best Risk-Adjusted Alternatives to GAAVX
GAAVX has a PortfoliosLab risk / return rank of 68. There are 33 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 | GAAVX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | GAAVX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | GAAVX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | GAAVX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | GAAVX vs ADANX |
Top Performing GAAVX Alternatives (YTD)
GAAVX is at 1.96% YTD. There are 42 mutual funds in the Multistrategy category with higher YTD returns, going as high as 17.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 17.83% | — | Sep 2017 | GAAVX vs QRPRX | |
| AQR Alternative Risk Premia Fund | 17.69% | — | Sep 2017 | GAAVX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 17.60% | — | Sep 2017 | GAAVX vs QRPNX | |
| AQR Style Premia Alternative Fund | 12.37% | — | Oct 2013 | GAAVX vs QSPIX | |
| AQR Style Premia Alternative R6 | 12.28% | — | Sep 2014 | GAAVX vs QSPRX |
Lowest Volatility Alternatives to GAAVX
GAAVX has 6.77% 1-year volatility. There are 29 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.22%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.22% | — | Aug 2017 | GAAVX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.46% | — | Jan 2009 | GAAVX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.46% | — | Jan 2009 | GAAVX vs ADANX | |
| Morningstar Alternatives Fund | 2.32% | — | Nov 2018 | GAAVX vs MSTVX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 2.36% | — | Feb 2013 | GAAVX vs SHRIX |
Lowest Drawdown Alternatives to GAAVX
GAAVX has a 1-year max drawdown of -4.29%. There are 32 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 | GAAVX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | GAAVX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | GAAVX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | GAAVX vs SRRIX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | GAAVX vs FSLTX |
Other Mutual Funds from GMO
The 10 most viewed GMO mutual funds shown here include GQETX, GMOIX, GMGEX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| GMO Quality Fund | Large Cap Blend Equities | 35 | 6.87% | — | Feb 2004 | GAAVX vs GQETX | |
| GMO International Equity Fund | Foreign Large Cap Equities | 83 | 18.66% | — | Mar 1987 | GAAVX vs GMOIX | |
| GMO Global Equity Allocation Fund | Global Equities | 90 | 18.48% | — | Nov 1996 | GAAVX vs GMGEX | |
| GMO Emerging Country Debt Fund Class VI | Emerging Markets Bonds | 98 | 9.17% | — | Apr 1994 | GAAVX vs GMOQX | |
| GMO U.S. Treasury Fund | Government Bonds | 99 | 1.59% | — | Mar 2009 | GAAVX vs GUSTX | |
| GMO International Developed Equity Allocation Fund | Foreign Large Cap Equities | 87 | 18.20% | — | Jun 2006 | GAAVX vs GIOTX | |
| GMO Multi-Sector Fixed Income Fund | Intermediate Core-Plus Bond | 83 | 0.96% | — | Apr 1997 | GAAVX vs GUGAX | |
| GMO Tax-Managed International Equities Fund | Foreign Large Cap Equities | 92 | 14.91% | — | Jul 1998 | GAAVX vs GTMIX | |
| GMO Asset Allocation Bond Fund | Inflation-Protected Bonds | 2 | -5.46% | — | Mar 2009 | GAAVX vs GABFX | |
| GMO Benchmark-Free Fund | Global Allocation | 95 | 10.60% | — | Jun 2011 | GAAVX vs GBFFX |
Often Compared With GAAVX
Investors most often compare GAAVX with BRK-B, AGEPX, SYMIX. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare GAAVX with Any Fund or Stock
Compare GAAVX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GAAVX with funds that move differently
GMO Alternative Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GAAVX.
Explore GAAVX Diversifiers