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 95. There are 4 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 | GBMFX vs TIBAX | |
| GMO Benchmark-Free Fund | 95 | — | Jun 2011 | GBMFX vs GBFFX | |
| Principal Diversified Select Real Asset Fund | 95 | — | Jul 2019 | GBMFX vs PDSYX | |
| GMO Implementation Fund | 95 | — | Feb 2012 | GBMFX vs GIMFX | |
| PIMCO Global Core Asset Allocation Fund | 93 | — | Oct 2008 | GBMFX vs PGAIX |
Top Performing GBMFX Alternatives (YTD)
GBMFX is at 10.04% YTD. There are 23 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 | GBMFX vs CHW | |
| Calamos Global Total Return Fund | 21.26% | — | Oct 2005 | GBMFX vs CGO | |
| Thornburg Investment Income Builder Fund | 16.02% | — | Dec 2002 | GBMFX vs TIBAX | |
| Nuveen Multi-Asset Income Fund | 14.86% | — | Nov 2021 | GBMFX vs NMAI | |
| Wilmington Real Asset Fund | 14.45% | — | Jun 2003 | GBMFX vs WMRIX |
Lowest Volatility Alternatives to GBMFX
GBMFX has 7.33% 1-year volatility. There are 15 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.04%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 3.04% | — | Jul 2019 | GBMFX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.43% | — | Dec 2017 | GBMFX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.65% | — | Mar 2011 | GBMFX vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.89% | — | Sep 2011 | GBMFX vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.94% | — | 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 | -2.60% | — | 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, GMOIX, GMGEX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| GMO Quality Fund | Large Cap Blend Equities | 36 | 6.43% | — | Feb 2004 | GBMFX vs GQETX | |
| GMO International Equity Fund | Foreign Large Cap Equities | 83 | 17.45% | — | Mar 1987 | GBMFX vs GMOIX | |
| GMO Global Equity Allocation Fund | Global Equities | 90 | 17.61% | — | Nov 1996 | GBMFX vs GMGEX | |
| GMO Emerging Country Debt Fund Class VI | Emerging Markets Bonds | 98 | 8.99% | — | 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 | 87 | 17.22% | — | Jun 2006 | GBMFX vs GIOTX | |
| GMO Multi-Sector Fixed Income Fund | Intermediate Core-Plus Bond | 89 | 0.96% | — | Apr 1997 | GBMFX vs GUGAX | |
| GMO Tax-Managed International Equities Fund | Foreign Large Cap Equities | 93 | 14.91% | — | Jul 1998 | GBMFX vs GTMIX | |
| GMO Asset Allocation Bond Fund | Inflation-Protected Bonds | 3 | -5.99% | — | Mar 2009 | GBMFX vs GABFX | |
| GMO Alternative Allocation Fund | Multistrategy | 74 | 2.53% | — | May 2019 | GBMFX vs GAAVX |
Often Compared With GBMFX
Investors most often compare GBMFX with FESGX, HGLB, VOO. 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