PIMCO Global Core Asset Allocation Fund (PGAIX) 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 PGAIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PGAIX
PGAIX charges 1.00% annually. There are 47 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 | PGAIX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | PGAIX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | PGAIX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | PGAIX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | PGAIX vs JNSMX |
Best Risk-Adjusted Alternatives to PGAIX
PGAIX has a PortfoliosLab risk / return rank of 93. There are 5 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 | PGAIX vs TIBAX | |
| GMO Benchmark-Free Fund | 95 | — | Jun 2011 | PGAIX vs GBFFX | |
| Principal Diversified Select Real Asset Fund | 95 | — | Jul 2019 | PGAIX vs PDSYX | |
| GMO Implementation Fund | 95 | — | Feb 2012 | PGAIX vs GIMFX | |
| GMO Benchmark-Free Allocation Fund | 95 | — | Jul 2003 | PGAIX vs GBMFX |
Top Performing PGAIX Alternatives (YTD)
PGAIX is at 12.15% YTD. There are 9 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 | PGAIX vs CHW | |
| Calamos Global Total Return Fund | 21.26% | — | Oct 2005 | PGAIX vs CGO | |
| Thornburg Investment Income Builder Fund | 16.02% | — | Dec 2002 | PGAIX vs TIBAX | |
| Nuveen Multi-Asset Income Fund | 14.86% | — | Nov 2021 | PGAIX vs NMAI | |
| Wilmington Real Asset Fund | 14.45% | — | Jun 2003 | PGAIX vs WMRIX |
Lowest Volatility Alternatives to PGAIX
PGAIX has 8.45% 1-year volatility. There are 25 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.04%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 3.04% | — | Jul 2019 | PGAIX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.43% | — | Dec 2017 | PGAIX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.65% | — | Mar 2011 | PGAIX vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.89% | — | Sep 2011 | PGAIX vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.94% | — | Dec 2011 | PGAIX vs PMFYX |
Lowest Drawdown Alternatives to PGAIX
PGAIX has a 1-year max drawdown of -7.29%. There are 48 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 | PGAIX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -2.60% | — | Mar 2011 | PGAIX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | PGAIX vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | PGAIX vs PMFYX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | PGAIX vs MSTGX |
Other Mutual Funds from PIMCO
The 10 most viewed PIMCO mutual funds shown here include PIMIX, PTY, PONAX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | Multisector Bonds | 47 | 0.60% | — | Mar 2007 | PGAIX vs PIMIX | |
| PIMCO Corporate & Income Opportunity Fund | Corporate Bonds | 2 | -2.08% | — | Dec 2002 | PGAIX vs PTY | |
| PIMCO Income Fund Class A | Multisector Bonds | 42 | 0.40% | — | Apr 2007 | PGAIX vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Intermediate Core-Plus Bond | 29 | -0.11% | — | May 1987 | PGAIX vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 6 | -2.85% | — | Dec 2001 | PGAIX vs PCN | |
| PIMCO Income Fund Class I-2 | Multisector Bonds | 46 | 0.55% | — | Apr 2008 | PGAIX vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 34 | 6.92% | — | Aug 2007 | PGAIX vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 13 | 1.58% | — | Oct 2004 | PGAIX vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 11 | -0.17% | — | Dec 1992 | PGAIX vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 42 | 12.51% | — | Oct 2003 | PGAIX vs PISIX |
Often Compared With PGAIX
Investors most often compare PGAIX with ^SP500TR, RAPZX, MHEIX. These 12 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| S&P 500 Total Return | 84 | 10.89% | — | — | PGAIX vs ^SP500TR | ||
| Cohen & Steers Real Assets Fund Inc | Global Allocation | 39 | 11.38% | — | Jan 2012 | PGAIX vs RAPZX | |
| MH Elite Income Fund of Funds | Global Allocation | 33 | 2.09% | — | Aug 2011 | PGAIX vs MHEIX | |
| Hartford Real Asset Fund | Global Allocation | 92 | 11.83% | — | May 2010 | PGAIX vs HRLYX | |
| PIMCO Commodity Real Return Strategy Fund | Commodities | 48 | 19.09% | — | Jun 2002 | PGAIX vs PCRIX | |
| PIMCO RAE US Small Fund | Small Cap Value Equities | 74 | 19.78% | — | Jun 2015 | PGAIX vs PMJIX | |
| Allspring Absolute Return Fund | Global Allocation | 89 | 12.79% | — | Feb 2012 | PGAIX vs WARAX | |
| Leuthold Global Fund | Global Allocation | 86 | 13.03% | — | Apr 2008 | PGAIX vs GLBIX | |
| Principal Diversified Real Asset Fund | Global Allocation | 76 | 11.39% | — | Mar 2010 | PGAIX vs PDRDX | |
| Calamos Global Opportunities Fund | Global Allocation | 40 | 14.37% | — | Sep 1996 | PGAIX vs CVLOX | |
| SA Worldwide Moderate Growth Fund | Global Allocation | 93 | 10.75% | — | Jun 2015 | PGAIX vs SAWMX | |
| Northern Global Tactical Asset Allocation Fund | Global Allocation | 61 | 7.22% | — | Jun 1993 | PGAIX vs BBALX |
Compare PGAIX with Any Fund or Stock
Compare PGAIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PGAIX with funds that move differently
PIMCO Global Core Asset Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PGAIX.
Explore PGAIX Diversifiers