DWS Global Macro Fund (MGINX) belongs to the Tactical Allocation category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MGINX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MGINX
MGINX charges 0.79% annually. There are 11 mutual funds in the Tactical Allocation category with lower expense ratios, going as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs Balanced Strategy Portfolio | 0.19% | — | Jan 1998 | MGINX vs GIPIX | |
| Goldman Sachs Growth and Income Strategy Portfolio | 0.19% | — | Jan 1998 | MGINX vs GOIIX | |
| PIMCO All Asset All Authority Fund | 0.21% | — | Oct 2003 | MGINX vs PAUIX | |
| Columbia Thermostat Fund | 0.24% | — | Sep 2002 | MGINX vs COTZX | |
| GuidePath Flexible Income Allocation Fund | 0.50% | — | Aug 2012 | MGINX vs GPIFX |
Best Risk-Adjusted Alternatives to MGINX
MGINX has a PortfoliosLab risk / return rank of 38. There are 55 mutual funds in the Tactical Allocation category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Astor Dynamic Allocation Fund | 95 | — | Oct 2009 | MGINX vs ASTIX | |
| PIMCO All Asset Fund | 95 | — | Nov 2002 | MGINX vs PAAIX | |
| PIMCO All Asset Fund Class A | 94 | — | Apr 2008 | MGINX vs PASAX | |
| Hussman Strategic Total Return Fund | 93 | — | Sep 2002 | MGINX vs HSTRX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 93 | — | Apr 2012 | MGINX vs SIOAX |
Top Performing MGINX Alternatives (YTD)
MGINX is at 3.41% YTD. There are 64 mutual funds in the Tactical Allocation category with higher YTD returns, going as high as 43.03%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quantified Evolution Plus Fund | 43.03% | — | Sep 2019 | MGINX vs QEVOX | |
| Donoghue Forlines Momentum Fund | 33.48% | — | Dec 2016 | MGINX vs MOJOX | |
| Teberg Fund | 22.02% | — | Mar 2002 | MGINX vs TEBRX | |
| Potomac Defensive Bull Fund | 19.70% | — | Jun 2020 | MGINX vs CRDBX | |
| PIMCO Dynamic Income Strategy Fund | 19.06% | — | Feb 2019 | MGINX vs PDX |
Lowest Volatility Alternatives to MGINX
MGINX has 8.08% 1-year volatility. There are 23 mutual funds in the Tactical Allocation category with lower 1-year volatility, going as low as 2.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | 2.54% | — | Aug 2012 | MGINX vs GPIFX | |
| Goldman Sachs TacticalTiltOverlayFund | 2.83% | — | Jul 2014 | MGINX vs TTIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 2.85% | — | Apr 2012 | MGINX vs SIOAX | |
| OnTrack Core Fund | 4.15% | — | Jan 2013 | MGINX vs OTRFX | |
| Hussman Strategic Total Return Fund | 4.28% | — | Sep 2002 | MGINX vs HSTRX |
Lowest Drawdown Alternatives to MGINX
MGINX has a 1-year max drawdown of -7.41%. There are 47 mutual funds in the Tactical Allocation category with shallower 1-year drawdowns, going as shallow as -1.69%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | -1.69% | — | Aug 2012 | MGINX vs GPIFX | |
| Goldman Sachs TacticalTiltOverlayFund | -2.11% | — | Jul 2014 | MGINX vs TTIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | -2.34% | — | Apr 2012 | MGINX vs SIOAX | |
| Hussman Strategic Total Return Fund | -2.54% | — | Sep 2002 | MGINX vs HSTRX | |
| Astor Dynamic Allocation Fund | -2.77% | — | Oct 2009 | MGINX vs ASTIX |
Other Mutual Funds from DWS
The 10 most viewed DWS mutual funds shown here include AAAAX, KTCAX, SCDGX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| DWS RREEF Real Assets Fund - Class A | Diversified Portfolio | 74 | 10.46% | — | Jul 2007 | MGINX vs AAAAX | |
| DWS Science and Technology Fund | Technology Equities | 27 | 14.14% | — | Sep 1948 | MGINX vs KTCAX | |
| DWS Core Equity Fund | Large Cap Blend Equities | 58 | 11.02% | — | May 1929 | MGINX vs SCDGX | |
| DWS RREEF Real Assets Fund | Global Allocation | 76 | 10.65% | — | Jul 2007 | MGINX vs AAAZX | |
| DWS Emerging Markets Equity Fund | Emerging Markets Equities | 56 | 21.67% | — | May 1996 | MGINX vs SEMGX | |
| DWS S&P 500 Index Fund | S&P 500 | 54 | 9.67% | — | Aug 1997 | MGINX vs SCPIX | |
| DWS International Growth Fund | Foreign Large Cap Equities | 23 | 6.88% | — | Jul 1986 | MGINX vs SCOBX | |
| DWS Capital Growth Fund | Large Cap Growth Equities | 6 | 1.46% | — | Jul 2000 | MGINX vs SCGSX | |
| DWS Global High Income Fund | High Yield Bonds | 72 | 1.76% | — | Mar 1998 | MGINX vs MGHYX | |
| DWS Equity 500 Index Fund | Large Cap Blend Equities | 57 | 9.95% | — | Dec 1992 | MGINX vs BTIIX |
Often Compared With MGINX
Investors most often compare MGINX with SLANX, SCINX, SGSCX. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare MGINX with Any Fund or Stock
Compare MGINX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MGINX with funds that move differently
DWS Global Macro Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MGINX.
Explore MGINX Diversifiers