Putnam Dynamic Asset Allocation Growth Fund (PAEAX) 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 PAEAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PAEAX
PAEAX charges 1.03% annually. There are 430 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 | PAEAX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | PAEAX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | PAEAX vs TSAIX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 63.70B | Dec 2000 | PAEAX vs VBAIX | |
| Fidelity Sustainable Multi-Asset Fund | 0.05% | — | Feb 2022 | PAEAX vs FYMIX |
Best Risk-Adjusted Alternatives to PAEAX
PAEAX has a PortfoliosLab risk / return rank of 75. There are 153 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 | PAEAX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | PAEAX vs TIBIX | |
| Davis Appreciation & Income Fund | 97 | — | Apr 1992 | PAEAX vs RPFCX | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | PAEAX vs NWQIX | |
| Pioneer Balanced ESG Fund | 95 | — | Dec 1991 | PAEAX vs AYBLX |
Top Performing PAEAX Alternatives (YTD)
PAEAX is at 10.13% YTD. There are 113 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 31.44%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 31.44% | — | Jan 1998 | PAEAX vs EKBAX | |
| ICON Equity Income Fund | 20.32% | — | May 2004 | PAEAX vs IOEZX | |
| Greenspring Fund | 18.97% | — | Jun 1983 | PAEAX vs GRSPX | |
| Thornburg Investment Income Builder Fund Class I | 18.62% | — | Dec 2002 | PAEAX vs TIBIX | |
| Disciplined Growth Investors Fund | 17.68% | — | Aug 2011 | PAEAX vs DGIFX |
Lowest Volatility Alternatives to PAEAX
PAEAX has 11.47% 1-year volatility. There are 445 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 | PAEAX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.80% | — | Nov 2003 | PAEAX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.92% | — | Apr 2012 | PAEAX vs SCLAX | |
| Ave Maria Bond Fund | 3.05% | — | Apr 2003 | PAEAX vs AVEFX | |
| American Funds College 2027 Fund | 3.08% | — | Sep 2012 | PAEAX vs CSTAX |
Lowest Drawdown Alternatives to PAEAX
PAEAX has a 1-year max drawdown of -7.59%. There are 403 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 | PAEAX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | PAEAX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | PAEAX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | PAEAX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | PAEAX vs CSTAX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, PEIYX, PEQSX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 95 | 15.70% | — | Jun 1977 | PAEAX vs PEYAX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 95 | 15.86% | — | Oct 1998 | PAEAX vs PEIYX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 95 | 15.91% | — | Jul 2012 | PAEAX vs PEQSX | |
| Putnam Large Cap Growth Fund Class A | Large Cap Growth Equities | 13 | 2.30% | — | Oct 1995 | PAEAX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 59 | 29.55% | — | Dec 2008 | PAEAX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 31 | 5.65% | — | Aug 1990 | PAEAX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 66 | 9.94% | — | Sep 2010 | PAEAX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 13 | 2.44% | — | Aug 1999 | PAEAX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 98 | 1.68% | — | Oct 2011 | PAEAX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 29 | 17.35% | — | Dec 1997 | PAEAX vs PNSAX |
Often Compared With PAEAX
Investors most often compare PAEAX with VOO, JAGTX, AAPL. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare PAEAX with Any Fund or Stock
Compare PAEAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PAEAX with funds that move differently
Putnam Dynamic Asset Allocation Growth Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PAEAX.
Explore PAEAX Diversifiers