Victory Target Managed Allocation Fund (UTMAX) belongs to the Tactical Allocation category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with UTMAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UTMAX
UTMAX charges 0.69% annually. There are 6 mutual funds in the Tactical Allocation category with lower expense ratios, going as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs Growth and Income Strategy Portfolio | 0.19% | — | Jan 1998 | UTMAX vs GOIIX | |
| Goldman Sachs Balanced Strategy Portfolio | 0.19% | — | Jan 1998 | UTMAX vs GIPIX | |
| PIMCO All Asset All Authority Fund | 0.21% | — | Oct 2003 | UTMAX vs PAUIX | |
| Columbia Thermostat Fund | 0.24% | — | Sep 2002 | UTMAX vs COTZX | |
| GuidePath Flexible Income Allocation Fund | 0.50% | — | Aug 2012 | UTMAX vs GPIFX |
Best Risk-Adjusted Alternatives to UTMAX
UTMAX has a PortfoliosLab risk / return rank of 56. There are 41 mutual funds in the Tactical Allocation category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Astor Dynamic Allocation Fund | 95 | — | Oct 2009 | UTMAX vs ASTIX | |
| Hussman Strategic Total Return Fund | 95 | — | Sep 2002 | UTMAX vs HSTRX | |
| PIMCO All Asset Fund | 95 | — | Nov 2002 | UTMAX vs PAAIX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 94 | — | Apr 2012 | UTMAX vs SIOAX | |
| PIMCO All Asset Fund Class A | 94 | — | Apr 2008 | UTMAX vs PASAX |
Top Performing UTMAX Alternatives (YTD)
UTMAX is at 8.17% YTD. There are 30 mutual funds in the Tactical Allocation category with higher YTD returns, going as high as 43.03%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quantified Evolution Plus Fund | 43.03% | — | Sep 2019 | UTMAX vs QEVOX | |
| Donoghue Forlines Momentum Fund | 33.55% | — | Dec 2016 | UTMAX vs MOJOX | |
| Teberg Fund | 21.81% | — | Mar 2002 | UTMAX vs TEBRX | |
| PIMCO Dynamic Income Strategy Fund | 19.01% | — | Feb 2019 | UTMAX vs PDX | |
| Potomac Defensive Bull Fund | 18.43% | — | Jun 2020 | UTMAX vs CRDBX |
Lowest Volatility Alternatives to UTMAX
UTMAX has 13.60% 1-year volatility. There are 64 mutual funds in the Tactical Allocation category with lower 1-year volatility, going as low as 2.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | 2.54% | — | Aug 2012 | UTMAX vs GPIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 2.81% | — | Apr 2012 | UTMAX vs SIOAX | |
| Goldman Sachs TacticalTiltOverlayFund | 2.83% | — | Jul 2014 | UTMAX vs TTIFX | |
| OnTrack Core Fund | 4.15% | — | Jan 2013 | UTMAX vs OTRFX | |
| Hussman Strategic Total Return Fund | 4.31% | — | Sep 2002 | UTMAX vs HSTRX |
Lowest Drawdown Alternatives to UTMAX
UTMAX has a 1-year max drawdown of -9.41%. There are 61 mutual funds in the Tactical Allocation category with shallower 1-year drawdowns, going as shallow as -1.69%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | -1.69% | — | Aug 2012 | UTMAX vs GPIFX | |
| Goldman Sachs TacticalTiltOverlayFund | -2.11% | — | Jul 2014 | UTMAX vs TTIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | -2.34% | — | Apr 2012 | UTMAX vs SIOAX | |
| Hussman Strategic Total Return Fund | -2.48% | — | Sep 2002 | UTMAX vs HSTRX | |
| Astor Dynamic Allocation Fund | -2.77% | — | Oct 2009 | UTMAX vs ASTIX |
Other Mutual Funds from Victory
The 10 most viewed Victory mutual funds shown here include USNQX, USSPX, CBYYX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| USAA Nasdaq 100 Index Fund | Nasdaq-100, Large Cap Growth Equities | 38 | 11.42% | — | Oct 2000 | UTMAX vs USNQX | |
| Victory 500 Index Fund Member Shares | Large Cap Blend Equities | 59 | 9.34% | — | May 1996 | UTMAX vs USSPX | |
| Victory Pioneer Cat Bond Fund Class Y | Nontraditional Bonds | 100 | 4.19% | — | Jan 2023 | UTMAX vs CBYYX | |
| USAA Aggressive Growth Fund | Large Cap Growth Equities | 10 | 1.29% | — | Oct 1981 | UTMAX vs USAUX | |
| Victory Global Energy Transition Fund | Energy Equities | 96 | 27.93% | — | Nov 1995 | UTMAX vs RSNRX | |
| USAA Precious Metals and Minerals Fund | Precious Metals | 32 | -10.35% | — | Aug 1984 | UTMAX vs USAGX | |
| USAA Growth and Tax Strategy Fund | Diversified Portfolio | 78 | 5.25% | — | Jan 1989 | UTMAX vs USBLX | |
| USAA Growth Fund | Large Cap Growth Equities | 7 | -2.61% | — | Apr 1971 | UTMAX vs USAAX | |
| USAA Cornerstone Moderately Aggressive Fund | Diversified Portfolio | 79 | 8.69% | — | Aug 1984 | UTMAX vs USCRX | |
| USAA High Income Fund | High Yield Bonds | 78 | 1.66% | — | Aug 1999 | UTMAX vs USHYX |
Often Compared With UTMAX
Investors most often compare UTMAX with ABRZX, URNQX, SFHYX. These 13 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare UTMAX with Any Fund or Stock
Compare UTMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UTMAX with funds that move differently
Victory Target Managed Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UTMAX.
Explore UTMAX Diversifiers