American Funds Mortgage Fund (MFAAX) belongs to the Government Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MFAAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MFAAX
MFAAX charges 0.64% annually. There are 66 mutual funds in the Government Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.01% | — | Mar 2009 | MFAAX vs GUSTX | |
| Fidelity Long-Term Treasury Bond Index Fund | 0.03% | — | Dec 2005 | MFAAX vs FNBGX | |
| Fidelity Intermediate Treasury Bond Index Fund | 0.03% | — | Dec 2005 | MFAAX vs FUAMX | |
| Fidelity Short-Term Treasury Bond Index Fund | 0.03% | — | Dec 2005 | MFAAX vs FUMBX | |
| Fidelity SAI U.S. Treasury Bond Index Fund | 0.03% | — | Mar 2016 | MFAAX vs FUTBX |
Best Risk-Adjusted Alternatives to MFAAX
MFAAX has a PortfoliosLab risk / return rank of 20. There are 47 mutual funds in the Government Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Government Portfolio | 99 | 1.81B | May 1987 | MFAAX vs DFFGX | |
| Federated Hermes Adjustable Rate Fund | 99 | — | Dec 1985 | MFAAX vs FEUGX | |
| GMO U.S. Treasury Fund | 99 | — | Mar 2009 | MFAAX vs GUSTX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | 93 | — | Aug 2010 | MFAAX vs VSBIX | |
| Vanguard Short-Term Treasury Index Fund Admiral Sh... | 92 | 33.80B | Dec 2009 | MFAAX vs VSBSX |
Top Performing MFAAX Alternatives (YTD)
MFAAX is at -1.18% YTD. There are 71 mutual funds in the Government Bonds category with higher YTD returns, going as high as 1.94%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Adjustable Rate Fund | 1.94% | — | Dec 1985 | MFAAX vs FEUGX | |
| DFA Short-Term Government Portfolio | 1.79% | 1.81B | May 1987 | MFAAX vs DFFGX | |
| Integrity Short Term Government Fund | 1.60% | — | Jun 2011 | MFAAX vs MDSIX | |
| GMO U.S. Treasury Fund | 1.59% | — | Mar 2009 | MFAAX vs GUSTX | |
| Davis Government Bond Fund | 0.94% | — | Nov 1994 | MFAAX vs RFBAX |
Lowest Volatility Alternatives to MFAAX
MFAAX has 4.01% 1-year volatility. There are 60 mutual funds in the Government Bonds category with lower 1-year volatility, going as low as 0.81%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Government Portfolio | 0.81% | 1.81B | May 1987 | MFAAX vs DFFGX | |
| GMO U.S. Treasury Fund | 1.27% | — | Mar 2009 | MFAAX vs GUSTX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | 1.30% | — | Aug 2010 | MFAAX vs VSBIX | |
| Vanguard Short-Term Treasury Index Fund Admiral Sh... | 1.30% | 33.80B | Dec 2009 | MFAAX vs VSBSX | |
| Federated Hermes Adjustable Rate Fund | 1.37% | — | Dec 1985 | MFAAX vs FEUGX |
Lowest Drawdown Alternatives to MFAAX
MFAAX has a 1-year max drawdown of -3.33%. There are 66 mutual funds in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.20%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | -0.20% | — | Mar 2009 | MFAAX vs GUSTX | |
| DFA Short-Term Government Portfolio | -0.30% | 1.81B | May 1987 | MFAAX vs DFFGX | |
| Federated Hermes Adjustable Rate Fund | -0.32% | — | Dec 1985 | MFAAX vs FEUGX | |
| Davis Government Bond Fund | -0.77% | — | Nov 1994 | MFAAX vs RFBAX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | -0.81% | — | Aug 2010 | MFAAX vs VSBIX |
Other Mutual Funds from American Funds
The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, AWSHX and span 7 categories.
Often Compared With MFAAX
Investors most often compare MFAAX with PDMIX, VGAVX, PRGMX. These 7 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO GNMA and Government Securities Fund | Government Bonds | 21 | -0.46% | — | Jul 1997 | MFAAX vs PDMIX | |
| Vanguard Emerging Markets Government Bond Index Fu... | Government Bonds | 51 | 0.37% | 6.80B | May 2013 | MFAAX vs VGAVX | |
| T. Rowe Price GNMA Fund | Government Bonds | 29 | -0.48% | — | Nov 1985 | MFAAX vs PRGMX | |
| Vanguard Emerging Markets Government Bond Index Fu... | Government Bonds | 53 | 0.48% | 6.80B | Feb 2015 | MFAAX vs VGIVX | |
| Fidelity SAI Long-Term Treasury Bond Index Fund | Government Bonds | 3 | -3.98% | — | Oct 2015 | MFAAX vs FBLTX | |
| PIMCO Extended Duration Fund | Government Bonds | 2 | -6.66% | — | Aug 2006 | MFAAX vs PEDIX | |
| Vanguard Extended Duration Treasury Index Fund | Government Bonds | 2 | -6.58% | — | Nov 2007 | MFAAX vs VEDTX |
Compare MFAAX with Any Fund or Stock
Compare MFAAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MFAAX with funds that move differently
American Funds Mortgage Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MFAAX.
Explore MFAAX Diversifiers