USAA 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 Balanced Strategy Portfolio | 0.19% | — | Jan 1998 | UTMAX vs GIPIX | |
| Goldman Sachs Growth and Income Strategy Portfolio | 0.19% | — | Jan 1998 | UTMAX vs GOIIX | |
| 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 42. There are 58 mutual funds in the Tactical Allocation category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Astor Dynamic Allocation Fund | 97 | — | Oct 2009 | UTMAX vs ASTIX | |
| Invesco Balanced-Risk Allocation Fund | 95 | — | Jun 2009 | UTMAX vs ABRYX | |
| Invesco Balanced-Risk Allocation Fund Class A | 95 | — | Jun 2009 | UTMAX vs ABRZX | |
| RESQ Dynamic Allocation Fund | 95 | — | Dec 2013 | UTMAX vs RQEIX | |
| Potomac Defensive Bull Fund | 93 | — | Jun 2020 | UTMAX vs CRDBX |
Top Performing UTMAX Alternatives (YTD)
UTMAX is at 9.47% YTD. There are 27 mutual funds in the Tactical Allocation category with higher YTD returns, going as high as 55.72%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quantified Evolution Plus Fund | 55.72% | — | Sep 2019 | UTMAX vs QEVOX | |
| Donoghue Forlines Momentum Fund | 37.80% | — | Dec 2016 | UTMAX vs MOJOX | |
| Teberg Fund | 29.45% | — | Mar 2002 | UTMAX vs TEBRX | |
| Invesco Balanced-Risk Allocation Fund | 21.28% | — | Jun 2009 | UTMAX vs ABRYX | |
| Invesco Balanced-Risk Allocation Fund Class A | 21.20% | — | Jun 2009 | UTMAX vs ABRZX |
Lowest Volatility Alternatives to UTMAX
UTMAX has 12.61% 1-year volatility. There are 61 mutual funds in the Tactical Allocation category with lower 1-year volatility, going as low as 2.41%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | 2.41% | — | Aug 2012 | UTMAX vs GPIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 2.58% | — | Apr 2012 | UTMAX vs SIOAX | |
| Goldman Sachs TacticalTiltOverlayFund | 2.74% | — | Jul 2014 | UTMAX vs TTIFX | |
| Hundredfold Select Alternative Fund | 4.53% | — | Aug 2004 | UTMAX vs SFHYX | |
| Hundredfold Select Alternative Fund Investor Class | 4.53% | — | — | UTMAX vs HFSAX |
Lowest Drawdown Alternatives to UTMAX
UTMAX has a 1-year max drawdown of -9.41%. There are 62 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 | |
| AQR Diversifying Strategies Fund Class N | -1.97% | — | Jun 2020 | UTMAX vs QDSNX | |
| 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 | -2.42% | — | Sep 2002 | UTMAX vs HSTRX |
Other Mutual Funds from USAA
The 1 most viewed USAA mutual funds shown here include URNQX and span 1 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Victory Nasdaq 100 Index Fund R6 Shares | Large Cap Growth Equities | 75 | 21.61% | — | Mar 2017 | UTMAX vs URNQX |
Often Compared With UTMAX
Investors most often compare UTMAX with PDX, PBAIX, UPAAX. These 6 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Dynamic Income Strategy Fund | Tactical Allocation | 10 | 18.39% | — | Feb 2019 | UTMAX vs PDX | |
| BlackRock Tactical Opportunities Fund Institutiona... | Tactical Allocation | 66 | 9.80% | — | Jun 1993 | UTMAX vs PBAIX | |
| Upright Assets Allocation Plus Fund | Tactical Allocation | — | — | — | Oct 2017 | UTMAX vs UPAAX | |
| PIMCO All Asset Fund | Tactical Allocation | 91 | 9.42% | — | Nov 2002 | UTMAX vs PAAIX | |
| PIMCO All Asset Fund Class A | Tactical Allocation | 90 | 9.23% | — | Apr 2008 | UTMAX vs PASAX | |
| Donoghue Forlines Tactical Allocation Fund | Tactical Allocation | 89 | 12.59% | — | Apr 2018 | UTMAX vs GTAIX |
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
USAA 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