Mutual of America Conservative Allocation Fund (MACAX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MACAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MACAX
MACAX charges 0.08% annually. There are 8 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | MACAX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | MACAX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | MACAX vs TSAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | MACAX vs BWBIX | |
| Fidelity Sustainable Multi-Asset Fund | 0.05% | — | Feb 2022 | MACAX vs FYMIX |
Best Risk-Adjusted Alternatives to MACAX
MACAX has a PortfoliosLab risk / return rank of 72. There are 145 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | MACAX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | MACAX vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | MACAX vs NWQIX | |
| Allspring Diversified Capital Builder Fund | 95 | — | Jan 1998 | MACAX vs EKBAX | |
| Pioneer Balanced ESG Fund | 95 | — | Dec 1991 | MACAX vs AYBLX |
Top Performing MACAX Alternatives (YTD)
MACAX is at 4.40% YTD. There are 407 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 38.34%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 38.34% | — | Jan 1998 | MACAX vs EKBAX | |
| Greenspring Fund | 21.91% | — | Jun 1983 | MACAX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 20.27% | — | Aug 1998 | MACAX vs MHELX | |
| Thornburg Investment Income Builder Fund Class I | 17.52% | — | Dec 2002 | MACAX vs TIBIX | |
| Sound Mind Investing Fund | 15.84% | — | Dec 2005 | MACAX vs SMIFX |
Lowest Volatility Alternatives to MACAX
MACAX has 6.21% 1-year volatility. There are 124 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.85% | — | Nov 2003 | MACAX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.83% | — | Apr 2012 | MACAX vs SCLAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.86% | — | Nov 2003 | MACAX vs SICIX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | MACAX vs AVEFX | |
| American Funds College 2027 Fund | 3.14% | — | Sep 2012 | MACAX vs CSTAX |
Lowest Drawdown Alternatives to MACAX
MACAX has a 1-year max drawdown of -4.63%. There are 103 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | MACAX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | MACAX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | MACAX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | MACAX vs SICIX | |
| Fidelity Strategic Real Return Fund Class K6 | -2.68% | — | Sep 2005 | MACAX vs FSRKX |
Other Mutual Funds from Mutual of America
The 10 most viewed Mutual of America mutual funds shown here include MAIFX, MURNX, MAGKX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Mutual of America International Fund | Foreign Large Cap Equities | 42 | 8.55% | — | Nov 2021 | MACAX vs MAIFX | |
| Mutual of America Investment Corporation - 2050 Re... | Target Retirement Date | 73 | 9.89% | — | Nov 2021 | MACAX vs MURNX | |
| Mutual of America Small Cap Growth Fund | Small Cap Growth Equities | 76 | 23.45% | — | Nov 2021 | MACAX vs MAGKX | |
| Mutual of America Composite Fund | Diversified Portfolio | 82 | 5.79% | — | Nov 2021 | MACAX vs MACHX | |
| Mutual of America 2055 Retirement Fund | Target Retirement Date | 73 | 10.22% | — | Nov 2021 | MACAX vs MUROX | |
| Mutual of America All America Fund | Large Cap Blend Equities | 66 | 11.08% | — | Nov 2021 | MACAX vs MAAKX | |
| Mutual of America Mid-Cap Equity Index Fund | Mid Cap Blend Equities | 59 | 15.12% | — | Nov 2021 | MACAX vs MAMEX | |
| Mutual of America 2045 Retirement Fund | Target Retirement Date | 74 | 9.47% | — | Nov 2021 | MACAX vs MURMX | |
| Mutual of America 2040 Retirement Fund | Target Retirement Date | 72 | 8.44% | — | Nov 2021 | MACAX vs MURLX | |
| Mutual of America Retirement Income Fund | Target Retirement Date | 71 | 3.32% | — | Nov 2021 | MACAX vs MARMX |
Often Compared With MACAX
Investors most often compare MACAX with AOK, BAICX, MABDX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare MACAX with Any Fund or Stock
Compare MACAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MACAX with funds that move differently
Mutual of America Conservative Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MACAX.
Explore MACAX Diversifiers