BNY Mellon Asset Allocation Fund (MPBLX) 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 MPBLX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MPBLX
MPBLX charges 0.41% annually. There are 146 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 | MPBLX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | MPBLX vs PALDX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 63.70B | Dec 2000 | MPBLX vs VBAIX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | MPBLX vs TSAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | MPBLX vs BWBIX |
Best Risk-Adjusted Alternatives to MPBLX
MPBLX has a PortfoliosLab risk / return rank of 51. There are 378 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 | MPBLX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | MPBLX vs TIBIX | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | MPBLX vs NWQIX | |
| Davis Appreciation & Income Fund | 95 | — | Apr 1992 | MPBLX vs RPFCX | |
| Fidelity Strategic Real Return Fund | 95 | — | Sep 2005 | MPBLX vs FSRRX |
Top Performing MPBLX Alternatives (YTD)
MPBLX is at 7.18% YTD. There are 212 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 29.12%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 29.12% | — | Jan 1998 | MPBLX vs EKBAX | |
| ICON Equity Income Fund | 20.77% | — | May 2004 | MPBLX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 17.74% | — | Dec 2002 | MPBLX vs TIBIX | |
| Greenspring Fund | 16.72% | — | Jun 1983 | MPBLX vs GRSPX | |
| Bruce Fund | 16.02% | — | Mar 1968 | MPBLX vs BRUFX |
Lowest Volatility Alternatives to MPBLX
MPBLX has 10.21% 1-year volatility. There are 384 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | MPBLX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.81% | — | Nov 2003 | MPBLX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.91% | — | Apr 2012 | MPBLX vs SCLAX | |
| Ave Maria Bond Fund | 3.00% | — | Apr 2003 | MPBLX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | MPBLX vs CSTAX |
Lowest Drawdown Alternatives to MPBLX
MPBLX has a 1-year max drawdown of -7.61%. There are 406 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 | MPBLX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | MPBLX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | MPBLX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | MPBLX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | MPBLX vs CSTAX |
Other Mutual Funds from BNY Mellon
The 10 most viewed BNY Mellon mutual funds shown here include DREVX, PEOPX, DAGVX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BNY Mellon Large Cap Securities Fund | Large Cap Growth Equities | 26 | 6.39% | — | May 1951 | MPBLX vs DREVX | |
| BNY Mellon S&P 500 Index Fund | S&P 500 | 59 | 9.07% | — | Jan 1990 | MPBLX vs PEOPX | |
| BNY Mellon Dynamic Value Fund | Large Cap Value Equities | 88 | 16.28% | — | Sep 1995 | MPBLX vs DAGVX | |
| BNY Mellon Institutional S&P 500 Stock Index Fund | S&P 500 | 62 | 9.24% | — | Sep 1993 | MPBLX vs DSPIX | |
| BNY Mellon Dynamic Value Fund Class I | Large Cap Value Equities | 88 | 16.46% | — | May 2001 | MPBLX vs DRGVX | |
| BNY Mellon Natural Resources Fund Class A | Energy Equities | 85 | 22.39% | — | Oct 2003 | MPBLX vs DNLAX | |
| BNY Mellon Technology Growth Fund | Technology Equities | 37 | 18.40% | — | Oct 1997 | MPBLX vs DTGRX | |
| BNY Mellon Global Real Return Fund - Class I | Tactical Allocation | 82 | 6.81% | — | May 2010 | MPBLX vs DRRIX | |
| BNY Mellon Smallcap Stock Index Fund | Small Cap Blend Equities | 82 | 21.34% | — | Jun 1997 | MPBLX vs DISSX | |
| BNY Mellon Small/Mid Cap Growth Fund Class Y | Mid Cap Growth Equities | 15 | 8.30% | — | Jun 2013 | MPBLX vs DBMYX |
Often Compared With MPBLX
Investors most often compare MPBLX with QBDSX, FYMIX, FIQCX. These 18 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare MPBLX with Any Fund or Stock
Compare MPBLX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MPBLX with funds that move differently
BNY Mellon Asset Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MPBLX.
Explore MPBLX Diversifiers