DWS Multi-Asset Conservative Allocation Fund (SPBAX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with SPBAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPBAX
SPBAX charges 0.40% annually. There are 144 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | SPBAX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | SPBAX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | SPBAX vs TSAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | SPBAX vs VTMFX | |
| Fidelity Sustainable Multi-Asset Fund | 0.05% | — | Feb 2022 | SPBAX vs FYMIX |
Best Risk-Adjusted Alternatives to SPBAX
SPBAX has a PortfoliosLab risk / return rank of 59. There are 292 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | SPBAX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | SPBAX vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | SPBAX vs NWQIX | |
| Allspring Diversified Capital Builder Fund | 95 | — | Jan 1998 | SPBAX vs EKBAX | |
| Pioneer Balanced ESG Fund | 94 | — | Dec 1991 | SPBAX vs AYBLX |
Top Performing SPBAX Alternatives (YTD)
SPBAX is at 3.82% YTD. There are 459 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 36.76%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 36.76% | — | Jan 1998 | SPBAX vs EKBAX | |
| Greenspring Fund | 20.69% | — | Jun 1983 | SPBAX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 18.72% | — | Aug 1998 | SPBAX vs MHELX | |
| Thornburg Investment Income Builder Fund Class I | 17.68% | — | Dec 2002 | SPBAX vs TIBIX | |
| Sound Mind Investing Fund | 15.94% | — | Dec 2005 | SPBAX vs SMIFX |
Lowest Volatility Alternatives to SPBAX
SPBAX has 5.34% 1-year volatility. There are 68 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.85% | — | Nov 2003 | SPBAX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.82% | — | Apr 2012 | SPBAX vs SCLAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.85% | — | Nov 2003 | SPBAX vs SICIX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | SPBAX vs AVEFX | |
| American Funds College 2027 Fund | 3.13% | — | Sep 2012 | SPBAX vs CSTAX |
Lowest Drawdown Alternatives to SPBAX
SPBAX has a 1-year max drawdown of -4.20%. There are 66 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | SPBAX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | SPBAX vs SCLAX | |
| Fidelity Strategic Real Return Fund Class K6 | -2.57% | — | Sep 2005 | SPBAX vs FSRKX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | SPBAX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | SPBAX vs SICIX |
Other Mutual Funds from DWS
The 10 most viewed DWS mutual funds shown here include AAAAX, KTCAX, AAAZX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| DWS RREEF Real Assets Fund - Class A | Diversified Portfolio | 34 | 8.20% | — | Jul 2007 | SPBAX vs AAAAX | |
| DWS Science and Technology Fund | Technology Equities | 58 | 25.69% | — | Sep 1948 | SPBAX vs KTCAX | |
| DWS RREEF Real Assets Fund | Global Allocation | 35 | 8.38% | — | Jul 2007 | SPBAX vs AAAZX | |
| DWS Core Equity Fund | Large Cap Blend Equities | 61 | 9.70% | — | May 1929 | SPBAX vs SCDGX | |
| DWS Emerging Markets Equity Fund | Emerging Markets Diversified | 84 | 36.11% | — | May 1996 | SPBAX vs SEMGX | |
| DWS International Growth Fund | Foreign Large Cap Equities | 18 | 9.12% | — | Jul 1986 | SPBAX vs SCOBX | |
| DWS Capital Growth Fund | Large Cap Growth Equities | 11 | 4.40% | — | Jul 2000 | SPBAX vs SCGSX | |
| DWS S&P 500 Index Fund | S&P 500 | 65 | 10.06% | — | Aug 1997 | SPBAX vs SCPIX | |
| DWS Global High Income Fund | High Yield Bonds | 76 | 1.59% | — | Mar 1998 | SPBAX vs MGHYX | |
| DWS Equity 500 Index Fund | Large Cap Blend Equities | 66 | 10.09% | — | Dec 1992 | SPBAX vs BTIIX |
Often Compared With SPBAX
Investors most often compare SPBAX with BWBIX, SCINX, FIQDX. These 10 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Baron WealthBuilder Fund | Diversified Portfolio | 20 | 5.25% | — | Dec 2017 | SPBAX vs BWBIX | |
| DWS CROCI International Fund | Foreign Large Cap Equities | 65 | 9.35% | — | Jun 1953 | SPBAX vs SCINX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | Diversified Portfolio | 88 | 6.68% | — | Oct 2018 | SPBAX vs FIQDX | |
| ICON Equity Income Fund | Diversified Portfolio | 76 | 13.04% | — | May 2004 | SPBAX vs IOEZX | |
| PGIM Real Assets Fund | Diversified Portfolio | 75 | 10.42% | — | Dec 2010 | SPBAX vs PUDZX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | Diversified Portfolio | 82 | 6.09% | — | Sep 2005 | SPBAX vs FCSRX | |
| Fidelity Strategic Real Return Fund | Diversified Portfolio | 87 | 6.54% | — | Sep 2005 | SPBAX vs FSRRX | |
| Standpoint Multi-Asset Fund Institutional | Diversified Portfolio | 81 | 12.91% | — | Dec 2019 | SPBAX vs BLNDX | |
| Quantified Managed Income Fund | Diversified Portfolio | 5 | -0.50% | — | Aug 2013 | SPBAX vs QBDSX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | Diversified Portfolio | 86 | 6.58% | — | Sep 2005 | SPBAX vs FSIRX |
Compare SPBAX with Any Fund or Stock
Compare SPBAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPBAX with funds that move differently
DWS Multi-Asset Conservative Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPBAX.
Explore SPBAX Diversifiers