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 56 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 56. There are 45 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 | QVGIX vs TIBAX | |
| GMO Benchmark-Free Fund | 95 | — | Jun 2011 | QVGIX vs GBFFX | |
| GMO Implementation Fund | 95 | — | Feb 2012 | QVGIX vs GIMFX | |
| GMO Benchmark-Free Allocation Fund | 95 | — | Jul 2003 | QVGIX vs GBMFX | |
| SA Worldwide Moderate Growth Fund | 93 | — | Jun 2015 | QVGIX vs SAWMX |
Top Performing QVGIX Alternatives (YTD)
QVGIX is at 7.97% YTD. There are 38 mutual funds in the Global Allocation category with higher YTD returns, going as high as 24.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Global Total Return Fund | 24.25% | — | Oct 2005 | QVGIX vs CGO | |
| Calamos Global Dynamic Income Fund | 22.87% | — | Jun 2007 | QVGIX vs CHW | |
| Calamos Global Opportunities Fund | 18.19% | — | Sep 1996 | QVGIX vs CVLOX | |
| Thornburg Investment Income Builder Fund | 17.44% | — | Dec 2002 | QVGIX vs TIBAX | |
| Leuthold Global Fund | 15.78% | — | Apr 2008 | QVGIX vs GLBIX |
Lowest Volatility Alternatives to QVGIX
QVGIX has 9.44% 1-year volatility. There are 48 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 | 4.45% | — | Dec 2017 | QVGIX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.69% | — | Mar 2011 | QVGIX vs LFMIX | |
| Pioneer Multi-Asset Income Fund | 5.92% | — | Dec 2011 | QVGIX vs PMFYX | |
| Nuveen Real Asset Income Fund | 5.92% | — | Sep 2011 | QVGIX vs NRIIX |
Lowest Drawdown Alternatives to QVGIX
QVGIX has a 1-year max drawdown of -6.94%. There are 43 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 | |
| Allspring Absolute Return Fund | -3.81% | — | Feb 2012 | QVGIX vs WARAX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | QVGIX vs PMFYX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, OPGSX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 71 | 20.39% | — | Oct 2020 | QVGIX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 43 | 10.14% | — | — | QVGIX vs VADAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 23 | -3.25% | — | Jul 1983 | QVGIX vs OPGSX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 16 | 9.63% | — | Jun 2005 | QVGIX vs VAFAX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 85 | 24.13% | — | Jun 2001 | QVGIX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 63 | 10.38% | — | Oct 1968 | QVGIX vs ACSTX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 89 | 32.95% | — | Jun 1999 | QVGIX vs VSCAX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 36 | 5.31% | — | Feb 1988 | QVGIX vs MSIGX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 63 | 6.66% | — | Aug 1960 | QVGIX vs ACEIX | |
| Invesco Global Fund | Global Equities | 26 | 9.69% | — | Dec 1969 | QVGIX vs OPPAX |
Often Compared With QVGIX
Investors most often compare QVGIX with OSMAX, VIG, SCHD. These 10 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco International Small-Mid Company Fund | Foreign Small & Mid Cap Equities | 4 | -0.39% | — | Nov 1997 | QVGIX vs OSMAX | |
| Vanguard Dividend Appreciation ETF | Dividend | 54 | 6.98% | 127.80B | Apr 2006 | QVGIX vs VIG | |
| Schwab U.S. Dividend Equity ETF | Dividend | 77 | 17.72% | 99.95B | Oct 2011 | QVGIX vs SCHD | |
| Hartford Real Asset Fund | Global Allocation | 88 | 9.75% | — | May 2010 | QVGIX vs HRLYX | |
| Wilmington Real Asset Fund | Global Allocation | 49 | 11.89% | — | Jun 2003 | QVGIX vs WMRIX | |
| Cohen & Steers Real Assets Fund Inc | Global Allocation | 26 | 10.45% | — | Jan 2012 | QVGIX vs RAPZX | |
| MH Elite Income Fund of Funds | Global Allocation | 30 | 2.09% | — | Aug 2011 | QVGIX vs MHEIX | |
| Principal Diversified Real Asset Fund | Global Allocation | 58 | 10.40% | — | Mar 2010 | QVGIX vs PDRDX | |
| Invesco Equally-Weighted S&P 500 Fund | S&P 500 | 44 | 10.27% | — | Jul 1997 | QVGIX vs VADDX | |
| Delaware Global Listed Real Assets Fund | Global Allocation | 69 | 6.57% | — | Dec 1995 | QVGIX vs DPREX |
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