The top rated world allocation funds are doing reasonably well this year, though not as well as just a simple 60% US stocks and 40% bonds Vanguard balance index (VBINX): 

Portfolio Performance Comparison

Ticker/Portfolio Name YTD
Return**
1Yr AR 3Yr AR 3Yr Sharpe 5Yr AR 5Yr Sharpe 10Yr AR 10Yr Sharpe
MALOX (BlackRock Global Allocation Instl) 6.9% 11.3% 7.8% 0.73 5.6% 0.36 9.4% 0.72
SGIIX (First Eagle Global I) 7.7% 12.3% 12.5% 0.96 8.2% 0.48 11.3% 0.78
PGDIX (Principal Global Div Inc Instl) 1.3% 5.2% 9.4% 1.88        
IVWIX (IVA Worldwide I) 9.2% 13.4% 9.8% 0.89        
VGLSX (VALIC Company I Global Strategy) 7.6% 17.2% 11.9% 0.87 8.3% 0.47    
RIRGX (American Funds Capital Inc Bldr R6) 6.0% 9.2% 10.5% 1        
MFWIX (MFS Global Total Return I) 7.8% 10.7% 10.5% 1.03 6.3% 0.43 8.4% 0.62
TINCX (Templeton Global Balanced A1) 7.0% 14.8% 10.6% 0.8 7.8% 0.54    
LSWWX (Loomis Sayles Global Equity and Income Y) 5.5% 9.4% 12.5% 0.92 8.4% 0.45 10.3% 0.59
GBMFX (GMO Benchmark-Free Allocation III) 5.0% 8.8% 8.7% 1.19 7.1% 0.82 10.4% 1.19
PMYRX (Pioneer Multi-Asset Real Return Y) 3.3% 11.3% 8.8% 1.08        
VBINX (Vanguard Balanced Index Inv) 9.2% 11.6% 11.7% 1.22 7.1% 0.46 6.8% 0.47

*: NOT annualized

**YTD: Year to Date

These 11 funds include many famous ones such as SGIIX (First Eagle Global I)MALOX (BlackRock Global Allocation Instl)GBMFX (GMO Benchmark-Free Allocation III)RIRGX (American Funds Capital Inc Bldr R6)

Overall, global allocation funds are hurt by emerging market stocks but boosted by the strength in Europe, Japan and the US. 

See the latest and detailed year by year comparison >>