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 69. There are 43 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 | 97 | — | Jun 2011 | RMGSX vs GBFFX | |
| GMO Benchmark-Free Allocation Fund | 97 | — | Jul 2003 | RMGSX vs GBMFX | |
| GMO Implementation Fund | 97 | — | Feb 2012 | RMGSX vs GIMFX | |
| Principal Diversified Select Real Asset Fund | 97 | — | Jul 2019 | RMGSX vs PDSYX |
Top Performing RMGSX Alternatives (YTD)
RMGSX is at 6.86% YTD. There are 56 mutual funds in the Global Allocation category with higher YTD returns, going as high as 17.63%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 17.63% | — | Dec 2002 | RMGSX vs TIBAX | |
| Wilmington Real Asset Fund | 17.01% | — | Jun 2003 | RMGSX vs WMRIX | |
| Calamos Global Dynamic Income Fund | 16.29% | — | Jun 2007 | RMGSX vs CHW | |
| Calamos Global Total Return Fund | 15.69% | — | Oct 2005 | RMGSX vs CGO | |
| GMO Implementation Fund | 15.19% | — | Feb 2012 | RMGSX vs GIMFX |
Lowest Volatility Alternatives to RMGSX
RMGSX has 8.10% 1-year volatility. There are 20 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.02%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 3.02% | — | Jul 2019 | RMGSX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.43% | — | Dec 2017 | RMGSX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.75% | — | Mar 2011 | RMGSX vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.82% | — | Sep 2011 | RMGSX vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.96% | — | Dec 2011 | RMGSX vs PMFYX |
Lowest Drawdown Alternatives to RMGSX
RMGSX has a 1-year max drawdown of -6.73%. There are 33 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 | -3.48% | — | Mar 2011 | RMGSX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | RMGSX vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | RMGSX vs PMFYX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | RMGSX vs MSTGX |
Other Mutual Funds from Russell
The 10 most viewed Russell mutual funds shown here include REBYX, RLVSX, RGIYX and span 10 categories.
Often Compared With RMGSX
Investors most often compare RMGSX with GLBIX, SAWMX, RAPZX. These 10 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Leuthold Global Fund | Global Allocation | 86 | 12.61% | — | Apr 2008 | RMGSX vs GLBIX | |
| SA Worldwide Moderate Growth Fund | Global Allocation | 95 | 11.46% | — | Jun 2015 | RMGSX vs SAWMX | |
| Cohen & Steers Real Assets Fund Inc | Global Allocation | 65 | 13.68% | — | Jan 2012 | RMGSX vs RAPZX | |
| Russell Investments LifePoints Equity Growth Strat... | Diversified Portfolio | 68 | 10.23% | — | Mar 1998 | RMGSX vs RELVX | |
| Lazard Real Assets Portfolio | Global Allocation | 90 | 13.88% | — | Dec 2016 | RMGSX vs RALIX | |
| Hartford Real Asset Fund | Global Allocation | 97 | 14.83% | — | May 2010 | RMGSX vs HRLYX | |
| Russell Investments Equity Income Fund | Dividend, Large Cap Value Equities | 91 | 17.51% | — | Mar 2000 | RMGSX vs REAYX | |
| Allspring Absolute Return Fund | Global Allocation | 86 | 12.25% | — | Feb 2012 | RMGSX vs WARAX | |
| Calamos Global Opportunities Fund | Global Allocation | 34 | 12.04% | — | Sep 1996 | RMGSX vs CVLOX | |
| Nuveen Multi-Asset Income Fund | Global Allocation | 67 | 13.85% | — | Nov 2021 | RMGSX vs NMAI |
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