Invesco Active Allocation Fund (OAAYX) 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 OAAYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OAAYX
OAAYX charges 0.23% annually. There are 73 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 | OAAYX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | OAAYX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | OAAYX vs TSAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | OAAYX vs VTMFX | |
| Fidelity Sustainable Multi-Asset Fund | 0.05% | — | Feb 2022 | OAAYX vs FYMIX |
Best Risk-Adjusted Alternatives to OAAYX
OAAYX has a PortfoliosLab risk / return rank of 55. There are 333 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 | OAAYX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 97 | — | Dec 2002 | OAAYX vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | OAAYX vs NWQIX | |
| Pioneer Balanced ESG Fund | 94 | — | Dec 1991 | OAAYX vs AYBLX | |
| Victory Pioneer Balanced Fund Class A | 94 | — | Dec 1991 | OAAYX vs AOBLX |
Top Performing OAAYX Alternatives (YTD)
OAAYX is at 10.58% YTD. There are 64 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 35.81%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 35.81% | — | Jan 1998 | OAAYX vs EKBAX | |
| Greenspring Fund | 22.65% | — | Jun 1983 | OAAYX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 20.39% | — | Aug 1998 | OAAYX vs MHELX | |
| ICON Equity Income Fund | 16.96% | — | May 2004 | OAAYX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 16.51% | — | Dec 2002 | OAAYX vs TIBIX |
Lowest Volatility Alternatives to OAAYX
OAAYX has 11.43% 1-year volatility. There are 455 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 | OAAYX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.83% | — | Nov 2003 | OAAYX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.84% | — | Apr 2012 | OAAYX vs SCLAX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | OAAYX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | OAAYX vs CSTAX |
Lowest Drawdown Alternatives to OAAYX
OAAYX has a 1-year max drawdown of -7.87%. There are 421 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 | OAAYX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | OAAYX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | OAAYX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | OAAYX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | OAAYX vs CSTAX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, VAFAX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 61 | 18.12% | — | Oct 2020 | OAAYX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 52 | 11.94% | — | — | OAAYX vs VADAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 11 | 7.57% | — | Jun 2005 | OAAYX vs VAFAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 25 | -10.03% | — | Jul 1983 | OAAYX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 84 | 23.07% | — | Jun 2001 | OAAYX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 71 | 11.16% | — | Oct 1968 | OAAYX vs ACSTX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 88 | 32.83% | — | Jun 1999 | OAAYX vs VSCAX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 29 | 5.34% | — | Feb 1988 | OAAYX vs MSIGX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 66 | 6.75% | — | Aug 1960 | OAAYX vs ACEIX | |
| Invesco Equally-Weighted S&P 500 Fund | S&P 500 | 54 | 12.08% | — | Jul 1997 | OAAYX vs VADDX |
Often Compared With OAAYX
Investors most often compare OAAYX with VOO, QQQ, QBDSX. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare OAAYX with Any Fund or Stock
Compare OAAYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OAAYX with funds that move differently
Invesco Active Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OAAYX.
Explore OAAYX Diversifiers