Voya Global Advantage and Premium Opportunity Fund (IGA) 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 IGA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IGA
IGA charges 0.01% 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 | |
|---|---|---|---|---|---|
| Highland Global Allocation Fund | 0.02% | — | Jan 1998 | IGA vs HGLB | |
| Lazard Global Total Return and Income Fund | 0.02% | — | Apr 2004 | IGA vs LGI | |
| GMO Implementation Fund | 0.02% | — | Feb 2012 | IGA vs GIMFX | |
| Dimensional Multi-Asset Fund | 0.04% | — | Dec 2009 | IGA vs DMO | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | IGA vs GGSIX |
Best Risk-Adjusted Alternatives to IGA
IGA has a PortfoliosLab risk / return rank of 16. There are 79 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 | IGA vs TIBAX | |
| GMO Benchmark-Free Fund | 95 | — | Jun 2011 | IGA vs GBFFX | |
| GMO Benchmark-Free Allocation Fund | 94 | — | Jul 2003 | IGA vs GBMFX | |
| GMO Implementation Fund | 94 | — | Feb 2012 | IGA vs GIMFX | |
| SA Worldwide Moderate Growth Fund | 93 | — | Jun 2015 | IGA vs SAWMX |
Top Performing IGA Alternatives (YTD)
IGA is at 4.21% YTD. There are 71 mutual funds in the Global Allocation category with higher YTD returns, going as high as 23.16%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Global Total Return Fund | 23.16% | — | Oct 2005 | IGA vs CGO | |
| Calamos Global Dynamic Income Fund | 21.48% | — | Jun 2007 | IGA vs CHW | |
| Thornburg Investment Income Builder Fund | 16.64% | — | Dec 2002 | IGA vs TIBAX | |
| Calamos Global Opportunities Fund | 15.00% | — | Sep 1996 | IGA vs CVLOX | |
| Leuthold Global Fund | 13.98% | — | Apr 2008 | IGA vs GLBIX |
Lowest Volatility Alternatives to IGA
IGA has 9.62% 1-year volatility. There are 51 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 | IGA vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.45% | — | Dec 2017 | IGA vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.68% | — | Mar 2011 | IGA vs LFMIX | |
| Pioneer Multi-Asset Income Fund | 5.91% | — | Dec 2011 | IGA vs PMFYX | |
| Nuveen Real Asset Income Fund | 5.92% | — | Sep 2011 | IGA vs NRIIX |
Lowest Drawdown Alternatives to IGA
IGA has a 1-year max drawdown of -6.95%. There are 44 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 | IGA vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -2.60% | — | Mar 2011 | IGA vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | IGA vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | IGA vs PMFYX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | IGA vs MSTGX |
Other Mutual Funds from Voya
The 10 most viewed Voya mutual funds shown here include LEXCX, IRLNX, IEDAX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | Large Cap Value Equities | 42 | 16.10% | — | Nov 1935 | IGA vs LEXCX | |
| Voya Russell Large Cap Growth Index Portfolio | Large Cap Growth Equities | 21 | 1.99% | — | May 2009 | IGA vs IRLNX | |
| Voya Large Cap Value Fund | Large Cap Value Equities | 36 | 9.72% | — | Dec 2007 | IGA vs IEDAX | |
| Voya Intermediate Bond Fund | Intermediate Core-Plus Bond | 14 | 0.30% | — | Dec 1998 | IGA vs IIBAX | |
| Atlas U.S. Tactical Income Fund | Diversified Portfolio | 35 | 0.19% | — | Sep 2015 | IGA vs ATLAX | |
| Voya International High Dividend Low Volatility Po... | Foreign Large Cap Equities | 42 | 6.53% | — | Jan 2006 | IGA vs IFTIX | |
| Voya Emerging Markets Corporate Debt Fund | Emerging Markets Bonds | — | — | — | Aug 2012 | IGA vs IMCDX | |
| Voya Russell Large Cap Index Portfolio | Large Cap Blend Equities | 53 | 6.95% | — | Mar 2008 | IGA vs IIRLX | |
| Voya Russell Large Cap Value Index Portfolio | Large Cap Value Equities | 91 | 15.11% | — | May 2009 | IGA vs IRVIX | |
| Voya High Yield Portfolio | High Yield Bonds | 41 | 0.94% | — | May 2004 | IGA vs IPHYX |
Often Compared With IGA
Investors most often compare IGA with JBALX, TTMIX, INGIX. These 17 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare IGA with Any Fund or Stock
Compare IGA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IGA with funds that move differently
Voya Global Advantage and Premium Opportunity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IGA.
Explore IGA Diversifiers