Russell Investments Multi-Asset Growth Strategy Fund (RMGSX) 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 RMGSX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RMGSX
RMGSX charges 0.91% annually. There are 43 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 | RMGSX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | RMGSX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | RMGSX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | RMGSX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | RMGSX vs JNSMX |
Best Risk-Adjusted Alternatives to RMGSX
RMGSX has a PortfoliosLab risk / return rank of 68. There are 25 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 | RMGSX vs TIBAX | |
| GMO Benchmark-Free Fund | 95 | — | Jun 2011 | RMGSX vs GBFFX | |
| GMO Implementation Fund | 95 | — | Feb 2012 | RMGSX vs GIMFX | |
| GMO Benchmark-Free Allocation Fund | 95 | — | Jul 2003 | RMGSX vs GBMFX | |
| SA Worldwide Moderate Growth Fund | 93 | — | Jun 2015 | RMGSX vs SAWMX |
Top Performing RMGSX Alternatives (YTD)
RMGSX is at 7.28% YTD. There are 46 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 | RMGSX vs CGO | |
| Calamos Global Dynamic Income Fund | 22.87% | — | Jun 2007 | RMGSX vs CHW | |
| Calamos Global Opportunities Fund | 18.19% | — | Sep 1996 | RMGSX vs CVLOX | |
| Thornburg Investment Income Builder Fund | 17.44% | — | Dec 2002 | RMGSX vs TIBAX | |
| Leuthold Global Fund | 15.78% | — | Apr 2008 | RMGSX vs GLBIX |
Lowest Volatility Alternatives to RMGSX
RMGSX has 7.86% 1-year volatility. There are 19 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 | RMGSX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.45% | — | Dec 2017 | RMGSX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.69% | — | Mar 2011 | RMGSX vs LFMIX | |
| Pioneer Multi-Asset Income Fund | 5.92% | — | Dec 2011 | RMGSX vs PMFYX | |
| Nuveen Real Asset Income Fund | 5.92% | — | Sep 2011 | RMGSX vs NRIIX |
Lowest Drawdown Alternatives to RMGSX
RMGSX has a 1-year max drawdown of -6.73%. There are 34 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 | RMGSX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -2.60% | — | Mar 2011 | RMGSX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | RMGSX vs PFADX | |
| Allspring Absolute Return Fund | -3.81% | — | Feb 2012 | RMGSX vs WARAX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | RMGSX vs PMFYX |
Other Mutual Funds from Russell
The 10 most viewed Russell mutual funds shown here include REBYX, RLVSX, RGIYX and span 8 categories.
Often Compared With RMGSX
Investors most often compare RMGSX with RALVX, WMRIX, HRLYX. These 6 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Russell Investments LifePoints Growth Strategy Fun... | Diversified Portfolio | 63 | 9.05% | — | Mar 1998 | RMGSX vs RALVX | |
| Wilmington Real Asset Fund | Global Allocation | 49 | 11.89% | — | Jun 2003 | RMGSX vs WMRIX | |
| Hartford Real Asset Fund | Global Allocation | 88 | 9.75% | — | May 2010 | RMGSX vs HRLYX | |
| Cohen & Steers Real Assets Fund Inc | Global Allocation | 26 | 10.45% | — | Jan 2012 | RMGSX vs RAPZX | |
| Russell Investments Equity Income Fund | Large Cap Value Equities | 76 | 12.23% | — | Mar 2000 | RMGSX vs REAYX | |
| Lazard Real Assets Portfolio | Global Allocation | 63 | 10.69% | — | Dec 2016 | RMGSX vs RALIX |
Compare RMGSX with Any Fund or Stock
Compare RMGSX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RMGSX with funds that move differently
Russell Investments Multi-Asset Growth Strategy Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RMGSX.
Explore RMGSX Diversifiers