Highland Global Allocation Fund (HGLB) Alternatives
Highland Global Allocation Fund (HGLB) 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 HGLB. 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 HGLB
HGLB charges 0.02% annually. Among mutual funds in the Global Allocation category, these options have the lowest expense ratios among HGLB alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Voya Global Advantage and Premium Opportunity Fund | 0.01% | Oct 26, 2005 | HGLB vs IGA | |
| Lazard Global Total Return and Income Fund | 0.02% | Apr 28, 2004 | HGLB vs LGI | |
| GMO Implementation Fund | 0.02% | Feb 29, 2012 | HGLB vs GIMFX | |
| Dimensional Multi-Asset Fund | 0.04% | Dec 11, 2009 | HGLB vs DMO | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | Jan 1, 1998 | HGLB vs GGSIX |
Best Risk-Adjusted Alternatives to HGLB
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 | HGLB vs TIBAX | |
| Hartford Real Asset Fund | 97 | May 27, 2010 | HGLB vs HRLYX | |
| GMO Benchmark-Free Fund | 97 | Jun 14, 2011 | HGLB vs GBFFX | |
| GMO Benchmark-Free Allocation Fund | 96 | Jul 22, 2003 | HGLB vs GBMFX | |
| GMO Implementation Fund | 96 | Feb 29, 2012 | HGLB vs GIMFX |
Top Performing HGLB Alternatives (YTD)
HGLB 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 | HGLB vs WARAX | |
| Hartford Real Asset Fund | 10.68% | May 27, 2010 | HGLB vs HRLYX | |
| Wilmington Real Asset Fund | 10.27% | Jun 30, 2003 | HGLB vs WMRIX | |
| Cohen & Steers Real Assets Fund Inc | 10.26% | Jan 30, 2012 | HGLB vs RAPZX | |
| Principal Diversified Real Asset Fund | 9.23% | Mar 15, 2010 | HGLB vs PDRDX |
Lowest Volatility Alternatives to HGLB
HGLB 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 | HGLB vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.78% | Mar 24, 2011 | HGLB vs LFMIX | |
| MH Elite Income Fund of Funds | 6.46% | Aug 14, 2011 | HGLB vs MHEIX | |
| Principal Diversified Select Real Asset Fund | 6.83% | Jul 2, 2019 | HGLB vs PDSYX | |
| Nuveen Real Asset Income Fund | 6.94% | Sep 12, 2011 | HGLB vs NRIIX |
Lowest Drawdown Alternatives to HGLB
HGLB 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 | HGLB vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -4.21% | Dec 10, 2017 | HGLB vs PFADX | |
| MH Elite Income Fund of Funds | -4.54% | Aug 14, 2011 | HGLB vs MHEIX | |
| Allspring Absolute Return Fund | -5.06% | Feb 29, 2012 | HGLB vs WARAX | |
| Principal Diversified Select Real Asset Fund | -5.32% | Jul 2, 2019 | HGLB vs PDSYX |
Other Mutual Funds from Highland Funds
Most popular Highland Funds mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| NexPoint Merger Arbitrage Fund | Event Driven | 99 | 0.66% | Aug 18, 2016 | HGLB vs HMEZX | |
| NexPoint Event Driven Fund | Long-Short | 5 | -7.03% | May 4, 2008 | HGLB vs HHCZX | |
| Highland Funds I - Highland Opportunities and Inco... | Diversified Portfolio | 42 | -2.69% | Jan 13, 2000 | HGLB vs HFRO |
Often Compared With HGLB
What investors most often compare with HGLB, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| PIMCO Corporate & Income Opportunity Fund | Corporate Bonds | 2 | -3.88% | Dec 24, 2002 | HGLB vs PTY | |
| Cambria Global Asset Allocation ETF | Diversified Portfolio, Actively Managed | 90 | 3.89% | Dec 9, 2014 | HGLB vs GAA | |
| Adams Diversified Equity Fund, Inc. | Large Cap Growth Equities | 83 | -4.23% | Jan 2, 1990 | HGLB vs ADX | |
| T. Rowe Price Total Return Fund Class I | Global Allocation | 77 | -10.19% | Sep 28, 2001 | HGLB vs TTMIX |
Compare HGLB with Any Fund or Stock
Compare HGLB with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.