Virtus Global Allocation Fund (PALAX) 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 PALAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PALAX
PALAX charges 0.52% annually. There are 12 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 | PALAX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | PALAX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | PALAX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | PALAX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | PALAX vs JNSMX |
Best Risk-Adjusted Alternatives to PALAX
PALAX has a PortfoliosLab risk / return rank of 78. There are 31 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 | PALAX vs TIBAX | |
| GMO Benchmark-Free Fund | 97 | — | Jun 2011 | PALAX vs GBFFX | |
| GMO Benchmark-Free Allocation Fund | 97 | — | Jul 2003 | PALAX vs GBMFX | |
| GMO Implementation Fund | 97 | — | Feb 2012 | PALAX vs GIMFX | |
| Principal Diversified Select Real Asset Fund | 97 | — | Jul 2019 | PALAX vs PDSYX |
Top Performing PALAX Alternatives (YTD)
PALAX is at 8.37% YTD. There are 36 mutual funds in the Global Allocation category with higher YTD returns, going as high as 17.63%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 17.63% | — | Dec 2002 | PALAX vs TIBAX | |
| Wilmington Real Asset Fund | 17.01% | — | Jun 2003 | PALAX vs WMRIX | |
| Calamos Global Dynamic Income Fund | 16.29% | — | Jun 2007 | PALAX vs CHW | |
| Calamos Global Total Return Fund | 15.69% | — | Oct 2005 | PALAX vs CGO | |
| GMO Implementation Fund | 15.19% | — | Feb 2012 | PALAX vs GIMFX |
Lowest Volatility Alternatives to PALAX
PALAX has 9.31% 1-year volatility. There are 41 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.02%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 3.02% | — | Jul 2019 | PALAX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.43% | — | Dec 2017 | PALAX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.75% | — | Mar 2011 | PALAX vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.82% | — | Sep 2011 | PALAX vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.96% | — | Dec 2011 | PALAX vs PMFYX |
Lowest Drawdown Alternatives to PALAX
PALAX has a 1-year max drawdown of -6.93%. There are 41 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 | PALAX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -3.48% | — | Mar 2011 | PALAX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | PALAX vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | PALAX vs PMFYX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | PALAX vs MSTGX |
Other Mutual Funds from Allianz
The 10 most viewed Allianz mutual funds shown here include DRGTX, ANNPX, PGWCX and span 10 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Virtus Technology Fund | Technology Equities | 37 | 18.87% | — | Dec 1995 | PALAX vs DRGTX | |
| Virtus Convertible Fund | Convertible Bonds | 78 | 13.93% | — | Apr 1993 | PALAX vs ANNPX | |
| Virtus Focused Growth Fund | Large Cap Growth Equities | 8 | -1.71% | — | Feb 1984 | PALAX vs PGWCX | |
| Virtus Income & Growth Fund | Diversified Portfolio | 49 | 6.68% | — | Feb 2007 | PALAX vs AZNIX | |
| Virtus Small-Cap Fund | Small Cap Blend Equities | 79 | 19.77% | — | Jul 2013 | PALAX vs AZBIX | |
| Virtus International Small-Cap Fund | Foreign Small & Mid Cap Equities | 88 | 14.50% | — | Dec 1997 | PALAX vs ALOIX | |
| Virtus Mid-Cap Growth Fund | Mid Cap Growth Equities | 13 | 10.05% | — | Nov 1979 | PALAX vs DRMCX | |
| Virtus NFJ Large-Cap Value Fund | Large Cap Value Equities | 74 | 18.53% | — | May 2000 | PALAX vs ANVIX | |
| Virtus Short Duration High Income Fund | High Yield Bonds | 79 | 1.52% | — | Oct 2011 | PALAX vs ASHIX | |
| Virtus NFJ Emerging Markets Value Fund | Emerging Markets Equities | 36 | 11.52% | — | Dec 2012 | PALAX vs AZMIX |
Often Compared With PALAX
Investors most often compare PALAX with KTRAX, CVLOX, RALIX. These 18 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare PALAX with Any Fund or Stock
Compare PALAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PALAX with funds that move differently
Virtus Global Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PALAX.
Explore PALAX Diversifiers