T. Rowe Price Global Allocation Fund (PAFGX) belongs to the Global Allocation category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PAFGX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PAFGX
PAFGX charges 1.02% annually. There are 49 mutual funds in the Global Allocation category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Implementation Fund | 0.02% | — | Feb 2012 | PAFGX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | PAFGX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | PAFGX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | PAFGX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | PAFGX vs JNSMX |
Best Risk-Adjusted Alternatives to PAFGX
PAFGX has a PortfoliosLab risk / return rank of 60. There are 36 mutual funds in the Global Allocation category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 98 | — | Dec 2002 | PAFGX vs TIBAX | |
| Hartford Real Asset Fund | 97 | — | May 2010 | PAFGX vs HRLYX | |
| GMO Benchmark-Free Fund | 96 | — | Jun 2011 | PAFGX vs GBFFX | |
| GMO Implementation Fund | 95 | — | Feb 2012 | PAFGX vs GIMFX | |
| GMO Benchmark-Free Allocation Fund | 95 | — | Jul 2003 | PAFGX vs GBMFX |
Top Performing PAFGX Alternatives (YTD)
PAFGX is at 7.43% YTD. There are 54 mutual funds in the Global Allocation category with higher YTD returns, going as high as 25.76%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Global Total Return Fund | 25.76% | — | Oct 2005 | PAFGX vs CGO | |
| Calamos Global Dynamic Income Fund | 25.48% | — | Jun 2007 | PAFGX vs CHW | |
| Calamos Global Opportunities Fund | 19.22% | — | Sep 1996 | PAFGX vs CVLOX | |
| Allspring Absolute Return Fund | 18.69% | — | Feb 2012 | PAFGX vs WARAX | |
| Thornburg Investment Income Builder Fund | 17.92% | — | Dec 2002 | PAFGX vs TIBAX |
Lowest Volatility Alternatives to PAFGX
PAFGX has 7.74% 1-year volatility. There are 21 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 2.98% | — | Jul 2019 | PAFGX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.27% | — | Dec 2017 | PAFGX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.58% | — | Mar 2011 | PAFGX vs LFMIX | |
| Pioneer Multi-Asset Income Fund | 5.66% | — | Dec 2011 | PAFGX vs PMFYX | |
| Nuveen Real Asset Income Fund | 5.77% | — | Sep 2011 | PAFGX vs NRIIX |
Lowest Drawdown Alternatives to PAFGX
PAFGX has a 1-year max drawdown of -6.79%. There are 39 mutual funds in the Global Allocation category with shallower 1-year drawdowns, going as shallow as -1.98%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | -1.98% | — | Jul 2019 | PAFGX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -2.60% | — | Mar 2011 | PAFGX vs LFMIX | |
| Hartford Real Asset Fund | -3.18% | — | May 2010 | PAFGX vs HRLYX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | PAFGX vs PFADX | |
| Wilmington Real Asset Fund | -3.74% | — | Jun 2003 | PAFGX vs WMRIX |
Other Mutual Funds from T. Rowe Price
The 10 most viewed T. Rowe Price mutual funds shown here include TRBCX, PRWCX, PRDGX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Blue Chip Growth Fund | Large Cap Growth Equities | 19 | 5.48% | — | Jun 1993 | PAFGX vs TRBCX | |
| T. Rowe Price Capital Appreciation Fund | Diversified Portfolio | 49 | 5.76% | — | Jun 1986 | PAFGX vs PRWCX | |
| T. Rowe Price Dividend Growth Fund, Inc. | Large Cap Blend Equities, Dividend | 40 | 7.60% | — | Dec 1992 | PAFGX vs PRDGX | |
| T. Rowe Price U.S. Equity Research Fund | Large Cap Blend Equities | 69 | 12.08% | — | Nov 1994 | PAFGX vs PRCOX | |
| T. Rowe Price All-Cap Opportunities Fund | Large Cap Growth Equities | 15 | 1.11% | — | Sep 1985 | PAFGX vs PRWAX | |
| T. Rowe Price Equity Index 500 Fund | Large Cap Blend Equities | 72 | 11.61% | — | Mar 1990 | PAFGX vs PREIX | |
| T. Rowe Price Blue Chip Growth Fund I Class | Large Cap Growth Equities | 21 | 5.54% | — | — | PAFGX vs TBCIX | |
| T. Rowe Price Large-Cap Growth Fund | Large Cap Growth Equities | 18 | 5.12% | — | Oct 2001 | PAFGX vs TRLGX | |
| T. Rowe Price Science And Technology Fund | Technology Equities | 91 | 41.41% | — | Sep 1987 | PAFGX vs PRSCX | |
| T. Rowe Price Retirement 2035 Fund | Target Retirement Date | 32 | 9.32% | — | Feb 2004 | PAFGX vs TRRJX |
Often Compared With PAFGX
Investors most often compare PAFGX with GAA, DPREX, RAPZX. These 7 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Cambria Global Asset Allocation ETF | Diversified Portfolio | 76 | 9.39% | 71.79M | Dec 2014 | PAFGX vs GAA | |
| Delaware Global Listed Real Assets Fund | Global Allocation | 86 | 9.57% | — | Dec 1995 | PAFGX vs DPREX | |
| Cohen & Steers Real Assets Fund Inc | Global Allocation | 45 | 13.81% | — | Jan 2012 | PAFGX vs RAPZX | |
| T. Rowe Price New Horizons Fund | Mid Cap Growth Equities | 30 | 15.06% | — | Jun 1960 | PAFGX vs PRNHX | |
| Principal Diversified Real Asset Fund | Global Allocation | 73 | 13.08% | — | Mar 2010 | PAFGX vs PDRDX | |
| MH Elite Income Fund of Funds | Global Allocation | 31 | 2.09% | — | Aug 2011 | PAFGX vs MHEIX | |
| Lazard Real Assets Portfolio | Global Allocation | 76 | 12.25% | — | Dec 2016 | PAFGX vs RALIX |
Compare PAFGX with Any Fund or Stock
Compare PAFGX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PAFGX with funds that move differently
T. Rowe Price Global Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PAFGX.
Explore PAFGX Diversifiers