GMO Benchmark-Free Allocation Fund (GBMFX) 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 GBMFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GBMFX
GBMFX charges 0.74% annually. There are 23 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 | GBMFX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | GBMFX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | GBMFX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | GBMFX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | GBMFX vs JNSMX |
Best Risk-Adjusted Alternatives to GBMFX
GBMFX has a PortfoliosLab risk / return rank of 97. There are 2 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 | GBMFX vs TIBAX | |
| GMO Benchmark-Free Fund | 97 | — | Jun 2011 | GBMFX vs GBFFX | |
| GMO Implementation Fund | 97 | — | Feb 2012 | GBMFX vs GIMFX | |
| Principal Diversified Select Real Asset Fund | 97 | — | Jul 2019 | GBMFX vs PDSYX | |
| Hartford Real Asset Fund | 97 | — | May 2010 | GBMFX vs HRLYX |
Top Performing GBMFX Alternatives (YTD)
GBMFX is at 12.95% YTD. There are 12 mutual funds in the Global Allocation category with higher YTD returns, going as high as 18.98%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 18.98% | — | Dec 2002 | GBMFX vs TIBAX | |
| Calamos Global Total Return Fund | 17.25% | — | Oct 2005 | GBMFX vs CGO | |
| Calamos Global Dynamic Income Fund | 16.99% | — | Jun 2007 | GBMFX vs CHW | |
| Wilmington Real Asset Fund | 16.46% | — | Jun 2003 | GBMFX vs WMRIX | |
| Nuveen Multi-Asset Income Fund | 15.72% | — | Nov 2021 | GBMFX vs NMAI |
Lowest Volatility Alternatives to GBMFX
GBMFX has 7.21% 1-year volatility. There are 12 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 | GBMFX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.42% | — | Dec 2017 | GBMFX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.78% | — | Mar 2011 | GBMFX vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.79% | — | Sep 2011 | GBMFX vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.96% | — | Dec 2011 | GBMFX vs PMFYX |
Lowest Drawdown Alternatives to GBMFX
GBMFX has a 1-year max drawdown of -5.78%. There are 18 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 | GBMFX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -3.48% | — | Mar 2011 | GBMFX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | GBMFX vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | GBMFX vs PMFYX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | GBMFX vs MSTGX |
Other Mutual Funds from GMO
The 10 most viewed GMO mutual funds shown here include GQETX, GMGEX, GMOIX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| GMO Quality Fund | Quality Factor, Large Cap Blend Equities | 53 | 7.37% | — | Feb 2004 | GBMFX vs GQETX | |
| GMO Global Equity Allocation Fund | Global Equities | 94 | 19.72% | — | Nov 1996 | GBMFX vs GMGEX | |
| GMO International Equity Fund | Foreign Large Cap Equities | 87 | 19.87% | — | Mar 1987 | GBMFX vs GMOIX | |
| GMO Emerging Country Debt Fund Class VI | Emerging Markets Bonds | 98 | 8.28% | — | Apr 1994 | GBMFX vs GMOQX | |
| GMO U.S. Treasury Fund | Government Bonds | 99 | 1.59% | — | Mar 2009 | GBMFX vs GUSTX | |
| GMO International Developed Equity Allocation Fund | Foreign Large Cap Equities | 92 | 20.64% | — | Jun 2006 | GBMFX vs GIOTX | |
| GMO Tax-Managed International Equities Fund | Foreign Large Cap Equities | 97 | 21.02% | — | Jul 1998 | GBMFX vs GTMIX | |
| GMO Multi-Sector Fixed Income Fund | Intermediate Core-Plus Bond | 89 | 0.96% | — | Apr 1997 | GBMFX vs GUGAX | |
| GMO Global Developed Equity Allocation Fund | Global Equities | 94 | 17.69% | — | Jun 2005 | GBMFX vs GWOAX | |
| GMO Asset Allocation Bond Fund | Inflation-Protected Bonds | 2 | -7.28% | — | Mar 2009 | GBMFX vs GABFX |
Often Compared With GBMFX
Investors most often compare GBMFX with FESGX, HGLB, DPREX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare GBMFX with Any Fund or Stock
Compare GBMFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GBMFX with funds that move differently
GMO Benchmark-Free Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GBMFX.
Explore GBMFX Diversifiers