BlackRock Global Allocation Fund (MDLOX) 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 MDLOX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MDLOX
MDLOX charges 1.11% annually. There are 52 mutual funds in the Global Allocation category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Implementation Fund | 0.02% | — | Feb 2012 | MDLOX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | MDLOX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | MDLOX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | MDLOX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | MDLOX vs JNSMX |
Best Risk-Adjusted Alternatives to MDLOX
MDLOX has a PortfoliosLab risk / return rank of 50. There are 59 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 | MDLOX vs TIBAX | |
| Hartford Real Asset Fund | 97 | — | May 2010 | MDLOX vs HRLYX | |
| GMO Benchmark-Free Fund | 96 | — | Jun 2011 | MDLOX vs GBFFX | |
| GMO Implementation Fund | 95 | — | Feb 2012 | MDLOX vs GIMFX | |
| GMO Benchmark-Free Allocation Fund | 95 | — | Jul 2003 | MDLOX vs GBMFX |
Top Performing MDLOX Alternatives (YTD)
MDLOX is at 8.12% YTD. There are 43 mutual funds in the Global Allocation category with higher YTD returns, going as high as 25.76%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Global Total Return Fund | 25.76% | — | Oct 2005 | MDLOX vs CGO | |
| Calamos Global Dynamic Income Fund | 25.48% | — | Jun 2007 | MDLOX vs CHW | |
| Calamos Global Opportunities Fund | 19.22% | — | Sep 1996 | MDLOX vs CVLOX | |
| Allspring Absolute Return Fund | 18.69% | — | Feb 2012 | MDLOX vs WARAX | |
| Thornburg Investment Income Builder Fund | 17.92% | — | Dec 2002 | MDLOX vs TIBAX |
Lowest Volatility Alternatives to MDLOX
MDLOX has 9.56% 1-year volatility. There are 53 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 2.98% | — | Jul 2019 | MDLOX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.27% | — | Dec 2017 | MDLOX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.58% | — | Mar 2011 | MDLOX vs LFMIX | |
| Pioneer Multi-Asset Income Fund | 5.66% | — | Dec 2011 | MDLOX vs PMFYX | |
| Nuveen Real Asset Income Fund | 5.77% | — | Sep 2011 | MDLOX vs NRIIX |
Lowest Drawdown Alternatives to MDLOX
MDLOX has a 1-year max drawdown of -8.30%. There are 54 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 | MDLOX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -2.60% | — | Mar 2011 | MDLOX vs LFMIX | |
| Hartford Real Asset Fund | -3.18% | — | May 2010 | MDLOX vs HRLYX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | MDLOX vs PFADX | |
| Wilmington Real Asset Fund | -3.74% | — | Jun 2003 | MDLOX vs WMRIX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include NASDX, VFAIX, VTMFX and span 10 categories. AUM among these funds goes as high as $29B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Shelton Capital Management Nasdaq-100 Index Fund D... | Large Cap Growth Equities | 75 | 21.38% | — | Jan 2000 | MDLOX vs NASDX | |
| Vanguard Financials Index Fund Admiral Shares | Financials Equities | 4 | -5.08% | 13.70B | Feb 2004 | MDLOX vs VFAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | Diversified Portfolio | 81 | 6.03% | 11.90B | Sep 1994 | MDLOX vs VTMFX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | Large Cap Blend Equities | 70 | 11.31% | 28.60B | Sep 1994 | MDLOX vs VTCLX | |
| iShares S&P 500 Index Fund | S&P 500 | 73 | 11.69% | — | Jul 1993 | MDLOX vs WFSPX | |
| BlackRock ESG Capital Allocation Term Trust | Derivative Income, ESG | 28 | 11.23% | — | Sep 2021 | MDLOX vs ECAT | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 69 | 13.10% | — | May 2011 | MDLOX vs LIVIX | |
| BlackRock Global Long/Short Equity Fund Class I | Long-Short | 92 | 12.48% | — | Dec 2012 | MDLOX vs BDMIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 77 | 11.93% | — | Dec 1991 | MDLOX vs FASGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 67 | 15.25% | — | Jul 2010 | MDLOX vs ASFYX |
Often Compared With MDLOX
Investors most often compare MDLOX with VOO, DNLAX, MALOX. These 7 comparison targets span 5 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | S&P 500 | 70 | 10.91% | 1.60T | Sep 2010 | MDLOX vs VOO | |
| BNY Mellon Natural Resources Fund Class A | Energy Equities | 89 | 27.67% | — | Oct 2003 | MDLOX vs DNLAX | |
| BlackRock Global Allocation Fund | Global Allocation | 51 | 8.24% | — | Feb 1989 | MDLOX vs MALOX | |
| Cohen & Steers Real Assets Fund Inc | Global Allocation | 45 | 13.81% | — | Jan 2012 | MDLOX vs RAPZX | |
| American Funds 2035 Target Date Retirement Fund | Target Retirement Date | 57 | 7.09% | — | Jan 2007 | MDLOX vs AAFTX | |
| Principal Diversified Real Asset Fund | Global Allocation | 73 | 13.08% | — | Mar 2010 | MDLOX vs PDRDX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 22 | 0.25% | — | Aug 2005 | MDLOX vs BDJ |
Compare MDLOX with Any Fund or Stock
Compare MDLOX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MDLOX with funds that move differently
BlackRock Global Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MDLOX.
Explore MDLOX Diversifiers