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 399 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 | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | PACAX vs TSAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | PACAX vs BWBIX | |
| Fidelity Sustainable Multi-Asset Fund | 0.05% | — | Feb 2022 | PACAX vs FYMIX |
Best Risk-Adjusted Alternatives to PACAX
PACAX has a PortfoliosLab risk / return rank of 69. There are 219 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 | |
| Allspring Diversified Capital Builder Fund | 97 | — | Jan 1998 | PACAX vs EKBAX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | PACAX vs NWQIX | |
| Fidelity Strategic Real Return Fund Class K6 | 96 | — | Sep 2005 | PACAX vs FSRKX |
Top Performing PACAX Alternatives (YTD)
PACAX is at 3.96% YTD. There are 455 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 36.56%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 36.56% | — | Jan 1998 | PACAX vs EKBAX | |
| Greenspring Fund | 21.59% | — | Jun 1983 | PACAX vs GRSPX | |
| Thornburg Investment Income Builder Fund Class I | 17.96% | — | Dec 2002 | PACAX vs TIBIX | |
| MH Elite Small Cap Fund of Funds Fund | 17.65% | — | Aug 1998 | PACAX vs MHELX | |
| Disciplined Growth Investors Fund | 17.45% | — | Aug 2011 | PACAX vs DGIFX |
Lowest Volatility Alternatives to PACAX
PACAX has 5.21% 1-year volatility. There are 70 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 Institutional Managed Trust Multi-Asset Capita... | 2.63% | — | Apr 2012 | PACAX vs SCLAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.80% | — | Nov 2003 | PACAX vs SICIX | |
| Ave Maria Bond Fund | 2.93% | — | Apr 2003 | PACAX vs AVEFX | |
| American Funds College 2027 Fund | 3.03% | — | Sep 2012 | PACAX vs CSTAX |
Lowest Drawdown Alternatives to PACAX
PACAX has a 1-year max drawdown of -3.94%. There are 55 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 | |
| Fidelity Strategic Real Return Fund Class K6 | -1.93% | — | Sep 2005 | PACAX vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | -1.94% | — | Oct 2018 | PACAX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | -1.99% | — | Sep 2005 | PACAX vs FCSRX | |
| Fidelity Strategic Real Return Fund | -2.05% | — | Sep 2005 | PACAX vs FSRRX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, POGAX, PEQSX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 80 | 9.88% | — | Jun 1977 | PACAX vs PEYAX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 27 | 9.53% | — | Oct 1995 | PACAX vs POGAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 81 | 10.03% | — | Jul 2012 | PACAX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 81 | 10.00% | — | Jan 1998 | PACAX vs PEIYX | |
| Putnam Global Technology Fund | Technology Equities | 91 | 44.30% | — | Dec 2008 | PACAX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 27 | 4.81% | — | Aug 1990 | PACAX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 59 | 8.74% | — | Sep 2010 | PACAX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 28 | 9.63% | — | Aug 1999 | PACAX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 98 | 1.43% | — | Oct 2011 | PACAX vs PSDYX | |
| Putnam Research Fund | Large Cap Blend Equities | 86 | 14.19% | — | Oct 1995 | PACAX vs PNRAX |
Often Compared With PACAX
Investors most often compare PACAX with IOEZX, DGTSX, BLNDX. These 7 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ICON Equity Income Fund | Diversified Portfolio | 70 | 13.83% | — | May 2004 | PACAX vs IOEZX | |
| DFA Global Allocation 25/75 Portfolio | Diversified Portfolio | 89 | 4.30% | — | Dec 2003 | PACAX vs DGTSX | |
| Standpoint Multi-Asset Fund Institutional | Diversified Portfolio | 75 | 17.17% | — | Dec 2019 | PACAX vs BLNDX | |
| Quantified Managed Income Fund | Diversified Portfolio | 7 | 0.25% | — | Aug 2013 | PACAX vs QBDSX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | Diversified Portfolio | 96 | 8.74% | — | Sep 2005 | PACAX vs FSIRX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 30 | 19.33% | — | Dec 1997 | PACAX vs PNSAX | |
| PGIM Real Assets Fund | Diversified Portfolio | 89 | 13.05% | — | Dec 2010 | PACAX vs PUDZX |
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