Principal Diversified Real Asset Fund (PDRDX) 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 PDRDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PDRDX
PDRDX charges 0.83% annually. There are 35 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 | PDRDX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | PDRDX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | PDRDX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | PDRDX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | PDRDX vs JNSMX |
Best Risk-Adjusted Alternatives to PDRDX
PDRDX has a PortfoliosLab risk / return rank of 73. There are 23 mutual funds in the Global Allocation category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 97 | — | Dec 2002 | PDRDX vs TIBAX | |
| GMO Benchmark-Free Fund | 95 | — | Jun 2011 | PDRDX vs GBFFX | |
| Principal Diversified Select Real Asset Fund | 95 | — | Jul 2019 | PDRDX vs PDSYX | |
| GMO Implementation Fund | 94 | — | Feb 2012 | PDRDX vs GIMFX | |
| GMO Benchmark-Free Allocation Fund | 94 | — | Jul 2003 | PDRDX vs GBMFX |
Top Performing PDRDX Alternatives (YTD)
PDRDX is at 10.89% YTD. There are 17 mutual funds in the Global Allocation category with higher YTD returns, going as high as 22.73%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Global Dynamic Income Fund | 22.73% | — | Jun 2007 | PDRDX vs CHW | |
| Calamos Global Total Return Fund | 21.26% | — | Oct 2005 | PDRDX vs CGO | |
| Calamos Global Opportunities Fund | 16.09% | — | Sep 1996 | PDRDX vs CVLOX | |
| Thornburg Investment Income Builder Fund | 16.05% | — | Dec 2002 | PDRDX vs TIBAX | |
| Leuthold Global Fund | 13.98% | — | Apr 2008 | PDRDX vs GLBIX |
Lowest Volatility Alternatives to PDRDX
PDRDX has 9.54% 1-year volatility. There are 49 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.03%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 3.03% | — | Jul 2019 | PDRDX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.43% | — | Dec 2017 | PDRDX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.68% | — | Mar 2011 | PDRDX vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.88% | — | Sep 2011 | PDRDX vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.93% | — | Dec 2011 | PDRDX vs PMFYX |
Lowest Drawdown Alternatives to PDRDX
PDRDX has a 1-year max drawdown of -5.88%. There are 22 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 | PDRDX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -2.60% | — | Mar 2011 | PDRDX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | PDRDX vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | PDRDX vs PMFYX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | PDRDX vs MSTGX |
Other Mutual Funds from Principal
The 10 most viewed Principal mutual funds shown here include PCBIX, PLGIX, CMNWX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Principal MidCap Fund Institutional Class | Mid Cap Growth Equities | 1 | -4.18% | — | Dec 2000 | PDRDX vs PCBIX | |
| Principal LargeCap Growth Fund I | Large Cap Growth Equities | 7 | 2.74% | — | Dec 2000 | PDRDX vs PLGIX | |
| Principal Capital Appreciation Fund | Large Cap Blend Equities | 50 | 10.49% | — | Nov 1986 | PDRDX vs CMNWX | |
| Principal LifeTime 2055 Fund | Target Retirement Date | 42 | 9.10% | — | Feb 2008 | PDRDX vs LTFIX | |
| Principal Blue Chip Fund | Large Cap Growth Equities | 3 | -1.15% | — | Jun 2012 | PDRDX vs PBCKX | |
| Principal Global Multi-Strategy Fund | Multistrategy | 96 | 5.67% | — | Oct 2011 | PDRDX vs PSMIX | |
| Principal SAM Strategic Growth Portfolio | Diversified Portfolio | 54 | 11.40% | — | Jul 1996 | PDRDX vs SACAX | |
| Principal LifeTime 2030 Fund | Target Retirement Date | 44 | 5.60% | — | Feb 2001 | PDRDX vs PMTIX | |
| Principal LifeTime 2045 Fund | Target Retirement Date | 42 | 8.20% | — | Feb 2008 | PDRDX vs LTRIX | |
| Principal LifeTime 2040 Fund | Target Retirement Date | 42 | 7.32% | — | Feb 2001 | PDRDX vs PTDIX |
Often Compared With PDRDX
Investors most often compare PDRDX with EQPGX, VTHRX, VWO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare PDRDX with Any Fund or Stock
Compare PDRDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PDRDX with funds that move differently
Principal Diversified Real Asset Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PDRDX.
Explore PDRDX Diversifiers