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 77. There are 32 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 Class A | 98 | — | Dec 2002 | IGA vs TIBAX | |
| GMO Benchmark-Free Fund | 97 | — | Jun 2011 | IGA vs GBFFX | |
| GMO Benchmark-Free Allocation Fund | 97 | — | Jul 2003 | IGA vs GBMFX | |
| GMO Implementation Fund | 97 | — | Feb 2012 | IGA vs GIMFX | |
| Principal Diversified Select Real Asset Fund | 97 | — | Jul 2019 | IGA vs PDSYX |
Top Performing IGA Alternatives (YTD)
IGA is at 11.68% YTD. There are 25 mutual funds in the Global Allocation category with higher YTD returns, going as high as 18.81%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Global Dynamic Income Fund | 18.81% | — | Jun 2007 | IGA vs CHW | |
| Thornburg Investment Income Builder Fund Class A | 18.52% | — | Dec 2002 | IGA vs TIBAX | |
| Calamos Global Total Return Fund | 17.70% | — | Oct 2005 | IGA vs CGO | |
| Wilmington Real Asset Fund | 15.90% | — | Jun 2003 | IGA vs WMRIX | |
| Nuveen Multi-Asset Income Fund | 15.48% | — | Nov 2021 | IGA vs NMAI |
Lowest Volatility Alternatives to IGA
IGA has 9.57% 1-year volatility. There are 49 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 | 4.43% | — | Dec 2017 | IGA vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.77% | — | Mar 2011 | IGA vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.80% | — | Sep 2011 | IGA vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.96% | — | Dec 2011 | IGA vs PMFYX |
Lowest Drawdown Alternatives to IGA
IGA has a 1-year max drawdown of -6.95%. There are 45 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 | -3.48% | — | 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 10 categories.
Often Compared With IGA
Investors most often compare IGA with JBALX, TTMIX, WARAX. These 20 comparison targets span 5 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