AGCVX vs. GAOAX

Last updated Jun 26, 2026

AGCVX (American Century Global Small Cap Fund) and GAOAX (JPMorgan Global Allocation Fund A) are both Global Equities funds. Over the past 5 years, AGCVX returned 2.33%/yr vs 2.48%/yr for GAOAX. Their correlation of 0.88 suggests significant overlap in exposure. AGCVX charges 1.11%/yr vs 1.04%/yr for GAOAX.

Performance

AGCVX vs. GAOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Global Small Cap Fund (AGCVX) and JPMorgan Global Allocation Fund A (GAOAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGCVX achieves a 10.99% return, which is significantly higher than GAOAX's 2.69% return.

AGCVX

• 1D: -0.26%
• 1M: -2.15%
• YTD: 10.99%
• 6M: 8.55%
• 1Y: 15.56%
• 3Y*: 13.61%
• 5Y*: 2.33%
• 10Y*: —

GAOAX

• 1D: 0.05%
• 1M: -1.56%
• YTD: 2.69%
• 6M: 2.10%
• 1Y: 10.28%
• 3Y*: 10.70%
• 5Y*: 2.48%
• 10Y*: 6.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGCVX vs. GAOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGCVX American Century Global Small Cap Fund	10.99%	10.96%	12.52%	10.17%	-29.46%	18.44%	46.34%	35.08%	-12.80%	37.97%
GAOAX JPMorgan Global Allocation Fund A	2.69%	14.68%	7.91%	12.69%	-18.74%	3.60%	15.29%	15.95%	-6.07%	16.82%

Correlation

The correlation between AGCVX and GAOAX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.88

The correlation between AGCVX and GAOAX has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

Return for Risk

AGCVX vs. GAOAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGCVX

AGCVX Risk / Return Rank: 15
AGCVX Sharpe Ratio Rank: 13
AGCVX Sortino Ratio Rank: 14
AGCVX Omega Ratio Rank: 14
AGCVX Calmar Ratio Rank: 16
AGCVX Martin Ratio Rank: 19

GAOAX

GAOAX Risk / Return Rank: 18
GAOAX Sharpe Ratio Rank: 18
GAOAX Sortino Ratio Rank: 17
GAOAX Omega Ratio Rank: 18
GAOAX Calmar Ratio Rank: 16
GAOAX Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGCVX vs. GAOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Global Small Cap Fund (AGCVX) and JPMorgan Global Allocation Fund A (GAOAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AGCVX	GAOAX	Difference
Sharpe ratio: Return per unit of total volatility	0.78	0.99	-0.21
Sortino ratio: Return per unit of downside risk	1.20	1.42	-0.22
Omega ratio: Gain probability vs. loss probability	1.15	1.18	-0.03
Calmar ratio: Return relative to maximum drawdown	1.11	1.15	-0.04
Martin ratio: Return relative to average drawdown	3.95	4.47	-0.52

AGCVX vs. GAOAX - Sharpe Ratio Comparison

The current AGCVX Sharpe Ratio is 0.78, which is comparable to the GAOAX Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of AGCVX and GAOAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGCVX vs. GAOAX - Drawdown Comparison

The maximum AGCVX drawdown since its inception was -40.08%, which is greater than GAOAX's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for AGCVX and GAOAX.

Drawdown Indicators

	AGCVX	GAOAX	Difference
Max Drawdown Largest peak-to-trough decline	-40.08%	-29.02%	-11.06%
Max Drawdown (1Y) Largest decline over 1 year	-13.82%	-8.95%	-4.87%
Max Drawdown (3Y) Largest decline over 3 years	-23.23%	-10.87%	-12.36%
Max Drawdown (5Y) Largest decline over 5 years	-38.95%	-29.02%	-9.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.02%	—
Current Drawdown Current decline from peak	-3.36%	-2.64%	-0.72%
Average Drawdown Average peak-to-trough decline	-12.71%	-5.94%	-6.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.87%	2.29%	+1.58%

Volatility

AGCVX vs. GAOAX - Volatility Comparison

American Century Global Small Cap Fund (AGCVX) has a higher volatility of 8.24% compared to JPMorgan Global Allocation Fund A (GAOAX) at 4.26%. This indicates that AGCVX's price experiences larger fluctuations and is considered to be riskier than GAOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGCVX	GAOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.24%	4.26%	+3.98%
Volatility (6M) Calculated over the trailing 6-month period	16.43%	8.82%	+7.61%
Volatility (1Y) Calculated over the trailing 1-year period	19.65%	10.38%	+9.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.71%	11.22%	+9.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.07%	10.90%	+10.17%

AGCVX vs. GAOAX - Expense Ratio Comparison

AGCVX has a 1.11% expense ratio, which is higher than GAOAX's 1.04% expense ratio.

Dividends

AGCVX vs. GAOAX - Dividend Comparison

AGCVX's dividend yield for the trailing twelve months is around 0.64%, less than GAOAX's 9.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGCVX American Century Global Small Cap Fund	0.64%	0.71%	2.19%	0.22%	0.00%	17.80%	4.84%	4.97%	2.27%	5.04%	0.00%	0.00%
GAOAX JPMorgan Global Allocation Fund A	9.40%	10.15%	2.34%	0.00%	4.62%	4.61%	1.54%	2.43%	2.52%	2.95%	2.59%	0.96%

Frequently Asked Questions

Can I hold both AGCVX and GAOAX in my portfolio?

AGCVX and GAOAX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGCVX or GAOAX?

AGCVX has higher volatility (8.24%) compared to GAOAX (4.26%). In terms of maximum drawdown, AGCVX dropped -40.08% vs GAOAX's -29.02%.

Which has better risk-adjusted returns?

GAOAX currently has the higher Sharpe Ratio (0.99 vs 0.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.