GMO Global Asset Allocation Fund (GMWAX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to GMWAX
GMWAX charges 0.00% annually. Among mutual funds in the Global Allocation category, these options have the lowest expense ratios among GMWAX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| GMO Implementation Fund | 0.02% | Feb 29, 2012 | GMWAX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | Jan 1, 1998 | GMWAX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | Apr 30, 2013 | GMWAX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | Apr 5, 2006 | GMWAX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | Dec 29, 2005 | GMWAX vs JNSMX |
Best Risk-Adjusted Alternatives to GMWAX
Among mutual funds in the Global Allocation category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 98 | Dec 23, 2002 | GMWAX vs TIBAX | |
| Hartford Real Asset Fund | 97 | May 27, 2010 | GMWAX vs HRLYX | |
| GMO Benchmark-Free Fund | 97 | Jun 14, 2011 | GMWAX vs GBFFX | |
| GMO Benchmark-Free Allocation Fund | 96 | Jul 22, 2003 | GMWAX vs GBMFX | |
| GMO Implementation Fund | 96 | Feb 29, 2012 | GMWAX vs GIMFX |
Top Performing GMWAX Alternatives (YTD)
GMWAX alternatives from the Global Allocation category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Allspring Absolute Return Fund | 14.79% | Feb 29, 2012 | GMWAX vs WARAX | |
| Hartford Real Asset Fund | 10.68% | May 27, 2010 | GMWAX vs HRLYX | |
| Wilmington Real Asset Fund | 10.27% | Jun 30, 2003 | GMWAX vs WMRIX | |
| Cohen & Steers Real Assets Fund Inc | 10.26% | Jan 30, 2012 | GMWAX vs RAPZX | |
| Principal Diversified Real Asset Fund | 9.23% | Mar 15, 2010 | GMWAX vs PDRDX |
Lowest Volatility Alternatives to GMWAX
GMWAX alternatives from the Global Allocation category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| PFG BNY Mellon Diversifier Strategy Fund | 4.95% | Dec 10, 2017 | GMWAX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.78% | Mar 24, 2011 | GMWAX vs LFMIX | |
| MH Elite Income Fund of Funds | 6.46% | Aug 14, 2011 | GMWAX vs MHEIX | |
| Principal Diversified Select Real Asset Fund | 6.83% | Jul 2, 2019 | GMWAX vs PDSYX | |
| Nuveen Real Asset Income Fund | 6.94% | Sep 12, 2011 | GMWAX vs NRIIX |
Lowest Drawdown Alternatives to GMWAX
GMWAX alternatives from the Global Allocation category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | -3.08% | Mar 24, 2011 | GMWAX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -4.21% | Dec 10, 2017 | GMWAX vs PFADX | |
| MH Elite Income Fund of Funds | -4.54% | Aug 14, 2011 | GMWAX vs MHEIX | |
| Allspring Absolute Return Fund | -5.06% | Feb 29, 2012 | GMWAX vs WARAX | |
| Principal Diversified Select Real Asset Fund | -5.32% | Jul 2, 2019 | GMWAX vs PDSYX |
Other Mutual Funds from GMO
Most popular GMO mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| GMO Quality Fund | Large Cap Blend Equities | 24 | -9.54% | Feb 6, 2004 | GMWAX vs GQETX | |
| GMO International Equity Fund | Foreign Large Cap Equities | 89 | 1.83% | Mar 30, 1987 | GMWAX vs GMOIX | |
| GMO U.S. Treasury Fund | Government Bonds | 100 | 0.51% | Mar 16, 2009 | GMWAX vs GUSTX | |
| GMO Asset Allocation Bond Fund | Inflation-Protected Bonds | 8 | -1.12% | Mar 17, 2009 | GMWAX vs GABFX | |
| GMO Resources Fund | Energy Equities | 95 | 27.66% | Dec 27, 2011 | GMWAX vs GOFIX | |
| GMO Emerging Country Debt Fund | Emerging Markets Bonds | 97 | 2.00% | Apr 18, 1994 | GMWAX vs GMCDX | |
| GMO High Yield Fund | High Yield Bonds | 84 | -1.45% | Jun 25, 2018 | GMWAX vs GHVIX | |
| GMO Alternative Allocation Fund | Multistrategy | 92 | 3.33% | May 1, 2019 | GMWAX vs GAAVX | |
| GMO Global Equity Allocation Fund | Global Equities | 86 | 1.01% | Nov 25, 1996 | GMWAX vs GMGEX | |
| GMO International Developed Equity Allocation Fund | Foreign Large Cap Equities | 91 | 2.84% | Jun 4, 2006 | GMWAX vs GIOTX |
Often Compared With GMWAX
What investors most often compare with GMWAX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 20 | -4.67% | — | GMWAX vs BRK-B | ||
| Invesco S&P 500 GARP ETF | S&P 500 | 28 | -5.19% | Jun 16, 2011 | GMWAX vs SPGP | |
| Pioneer Multi-Asset Income Fund | Global Allocation | 93 | 0.91% | Dec 21, 2011 | GMWAX vs PMFYX |
Compare GMWAX with Any Fund or Stock
Compare GMWAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.