Invesco Global Allocation Fund (QVGIX) 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 QVGIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QVGIX
QVGIX charges 1.15% annually. There are 55 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 | QVGIX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | QVGIX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | QVGIX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | QVGIX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | QVGIX vs JNSMX |
Best Risk-Adjusted Alternatives to QVGIX
QVGIX has a PortfoliosLab risk / return rank of 66. There are 32 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 | QVGIX vs TIBAX | |
| GMO Benchmark-Free Fund | 95 | — | Jun 2011 | QVGIX vs GBFFX | |
| Principal Diversified Select Real Asset Fund | 95 | — | Jul 2019 | QVGIX vs PDSYX | |
| GMO Implementation Fund | 94 | — | Feb 2012 | QVGIX vs GIMFX | |
| GMO Benchmark-Free Allocation Fund | 94 | — | Jul 2003 | QVGIX vs GBMFX |
Top Performing QVGIX Alternatives (YTD)
QVGIX is at 8.75% YTD. There are 30 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 | QVGIX vs CHW | |
| Calamos Global Total Return Fund | 21.26% | — | Oct 2005 | QVGIX vs CGO | |
| Calamos Global Opportunities Fund | 16.09% | — | Sep 1996 | QVGIX vs CVLOX | |
| Thornburg Investment Income Builder Fund | 16.05% | — | Dec 2002 | QVGIX vs TIBAX | |
| Leuthold Global Fund | 13.98% | — | Apr 2008 | QVGIX vs GLBIX |
Lowest Volatility Alternatives to QVGIX
QVGIX has 9.45% 1-year volatility. There are 46 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 | QVGIX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.43% | — | Dec 2017 | QVGIX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.68% | — | Mar 2011 | QVGIX vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.88% | — | Sep 2011 | QVGIX vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.93% | — | Dec 2011 | QVGIX vs PMFYX |
Lowest Drawdown Alternatives to QVGIX
QVGIX has a 1-year max drawdown of -6.94%. There are 42 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 | QVGIX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -2.60% | — | Mar 2011 | QVGIX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | QVGIX vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | QVGIX vs PMFYX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | QVGIX vs MSTGX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, VAFAX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 59 | 18.33% | — | Oct 2020 | QVGIX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 44 | 12.58% | — | — | QVGIX vs VADAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 12 | 8.27% | — | Jun 2005 | QVGIX vs VAFAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 25 | -10.19% | — | Jul 1983 | QVGIX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 80 | 20.03% | — | Jun 2001 | QVGIX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 68 | 12.28% | — | Oct 1968 | QVGIX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 35 | 7.85% | — | Feb 1988 | QVGIX vs MSIGX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 79 | 27.70% | — | Jun 1999 | QVGIX vs VSCAX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 66 | 7.57% | — | Aug 1960 | QVGIX vs ACEIX | |
| Invesco Global Fund | Global Equities | 19 | 8.22% | — | Dec 1969 | QVGIX vs OPPAX |
Often Compared With QVGIX
Investors most often compare QVGIX with OSMAX, VIG, SCHD. These 13 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare QVGIX with Any Fund or Stock
Compare QVGIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QVGIX with funds that move differently
Invesco Global Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QVGIX.
Explore QVGIX Diversifiers