GMO Global Asset Allocation Fund (GMWAX) 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 GMWAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GMWAX
GMWAX charges 0.00% annually. No mutual funds in the Global Allocation category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Implementation Fund | 0.02% | — | Feb 2012 | GMWAX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | GMWAX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | GMWAX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | GMWAX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | GMWAX vs JNSMX |
Best Risk-Adjusted Alternatives to GMWAX
GMWAX has a PortfoliosLab risk / return rank of 93. There are 9 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 | GMWAX vs TIBAX | |
| GMO Benchmark-Free Fund | 97 | — | Jun 2011 | GMWAX vs GBFFX | |
| GMO Benchmark-Free Allocation Fund | 97 | — | Jul 2003 | GMWAX vs GBMFX | |
| GMO Implementation Fund | 97 | — | Feb 2012 | GMWAX vs GIMFX | |
| Principal Diversified Select Real Asset Fund | 97 | — | Jul 2019 | GMWAX vs PDSYX |
Top Performing GMWAX Alternatives (YTD)
GMWAX is at 12.58% YTD. There are 16 mutual funds in the Global Allocation category with higher YTD returns, going as high as 17.63%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 17.63% | — | Dec 2002 | GMWAX vs TIBAX | |
| Wilmington Real Asset Fund | 17.01% | — | Jun 2003 | GMWAX vs WMRIX | |
| Calamos Global Dynamic Income Fund | 16.29% | — | Jun 2007 | GMWAX vs CHW | |
| Calamos Global Total Return Fund | 15.69% | — | Oct 2005 | GMWAX vs CGO | |
| GMO Implementation Fund | 15.19% | — | Feb 2012 | GMWAX vs GIMFX |
Lowest Volatility Alternatives to GMWAX
GMWAX has 9.25% 1-year volatility. There are 38 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.02%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 3.02% | — | Jul 2019 | GMWAX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.43% | — | Dec 2017 | GMWAX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.75% | — | Mar 2011 | GMWAX vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.82% | — | Sep 2011 | GMWAX vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.96% | — | Dec 2011 | GMWAX vs PMFYX |
Lowest Drawdown Alternatives to GMWAX
GMWAX has a 1-year max drawdown of -6.87%. There are 40 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 | GMWAX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -3.48% | — | Mar 2011 | GMWAX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | GMWAX vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | GMWAX vs PMFYX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | GMWAX 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 | 52 | 6.51% | — | Feb 2004 | GMWAX vs GQETX | |
| GMO Global Equity Allocation Fund | Global Equities | 93 | 19.52% | — | Nov 1996 | GMWAX vs GMGEX | |
| GMO International Equity Fund | Foreign Large Cap Equities | 88 | 20.31% | — | Mar 1987 | GMWAX vs GMOIX | |
| GMO Emerging Country Debt Fund Class VI | Emerging Markets Bonds | 98 | 8.19% | — | Apr 1994 | GMWAX vs GMOQX | |
| GMO U.S. Treasury Fund | Government Bonds | 99 | 1.59% | — | Mar 2009 | GMWAX vs GUSTX | |
| GMO International Developed Equity Allocation Fund | Foreign Large Cap Equities | 92 | 21.36% | — | Jun 2006 | GMWAX vs GIOTX | |
| GMO Tax-Managed International Equities Fund | Foreign Large Cap Equities | 97 | 22.05% | — | Jul 1998 | GMWAX vs GTMIX | |
| GMO Multi-Sector Fixed Income Fund | Intermediate Core-Plus Bond | 90 | 0.96% | — | Apr 1997 | GMWAX vs GUGAX | |
| GMO Global Developed Equity Allocation Fund | Global Equities | 93 | 17.69% | — | Jun 2005 | GMWAX vs GWOAX | |
| GMO Asset Allocation Bond Fund | Inflation-Protected Bonds | 3 | -6.32% | — | Mar 2009 | GMWAX vs GABFX |
Often Compared With GMWAX
Investors most often compare GMWAX with BRK-B, SPGP, GOFIX. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare GMWAX with Any Fund or Stock
Compare GMWAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GMWAX with funds that move differently
GMO Global Asset Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GMWAX.
Explore GMWAX Diversifiers