Putnam Dynamic Asset Allocation Conservative Fund (PACAX) 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 PACAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PACAX
PACAX charges 0.98% annually. There are 402 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 | PACAX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | PACAX vs PALDX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 63.70B | Dec 2000 | PACAX vs VBAIX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | PACAX vs TSAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | PACAX vs BWBIX |
Best Risk-Adjusted Alternatives to PACAX
PACAX has a PortfoliosLab risk / return rank of 61. There are 290 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 | PACAX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | PACAX vs TIBIX | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | PACAX vs NWQIX | |
| Davis Appreciation & Income Fund | 95 | — | Apr 1992 | PACAX vs RPFCX | |
| Fidelity Strategic Real Return Fund | 95 | — | Sep 2005 | PACAX vs FSRRX |
Top Performing PACAX Alternatives (YTD)
PACAX is at 3.12% YTD. There are 473 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 | PACAX vs EKBAX | |
| ICON Equity Income Fund | 20.77% | — | May 2004 | PACAX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 17.74% | — | Dec 2002 | PACAX vs TIBIX | |
| Greenspring Fund | 16.72% | — | Jun 1983 | PACAX vs GRSPX | |
| Bruce Fund | 16.02% | — | Mar 1968 | PACAX vs BRUFX |
Lowest Volatility Alternatives to PACAX
PACAX has 5.67% 1-year volatility. There are 77 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 | PACAX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.81% | — | Nov 2003 | PACAX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.91% | — | Apr 2012 | PACAX vs SCLAX | |
| Ave Maria Bond Fund | 3.00% | — | Apr 2003 | PACAX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | PACAX vs CSTAX |
Lowest Drawdown Alternatives to PACAX
PACAX has a 1-year max drawdown of -3.94%. There are 50 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 | PACAX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | PACAX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | PACAX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | PACAX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | PACAX vs CSTAX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, PEQSX, PEIYX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 92 | 14.98% | — | Jun 1977 | PACAX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 93 | 15.20% | — | Jul 2012 | PACAX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 93 | 15.15% | — | Oct 1998 | PACAX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 9 | -0.65% | — | Oct 1995 | PACAX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 51 | 24.87% | — | Dec 2008 | PACAX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 22 | 3.34% | — | Aug 1990 | PACAX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 55 | 7.70% | — | Sep 2010 | PACAX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 9 | -0.51% | — | Aug 1999 | PACAX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 99 | 1.68% | — | Oct 2011 | PACAX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 26 | 16.15% | — | Dec 1997 | PACAX vs PNSAX |
Often Compared With PACAX
Investors most often compare PACAX with FIQDX, FYMIX, FCSRX. These 19 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare PACAX with Any Fund or Stock
Compare PACAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PACAX with funds that move differently
Putnam Dynamic Asset Allocation Conservative Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PACAX.
Explore PACAX Diversifiers