ALTFX vs. GAOAX
Compare and contrast key facts about AB Sustainable Global Thematic Fund (ALTFX) and JPMorgan Global Allocation Fund A (GAOAX).
ALTFX is managed by AllianceBernstein. It was launched on Feb 28, 1982. GAOAX is managed by JPMorgan. It was launched on May 31, 2011.
Performance
ALTFX vs. GAOAX - Performance Comparison
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Returns By Period
In the year-to-date period, ALTFX achieves a -6.99% return, which is significantly lower than GAOAX's -3.21% return. Over the past 10 years, ALTFX has outperformed GAOAX with an annualized return of 10.13%, while GAOAX has yielded a comparatively lower 5.82% annualized return.
ALTFX
- 1D
- -0.06%
- 1M
- -2.99%
- YTD
- -6.99%
- 6M
- -10.16%
- 1Y
- 16.24%
- 3Y*
- 4.91%
- 5Y*
- 0.79%
- 10Y*
- 10.13%
GAOAX
- 1D
- -0.15%
- 1M
- -3.63%
- YTD
- -3.21%
- 6M
- -2.46%
- 1Y
- 16.89%
- 3Y*
- 8.49%
- 5Y*
- 2.00%
- 10Y*
- 5.82%
ALTFX vs. GAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALTFX AB Sustainable Global Thematic Fund | -6.99% | 6.22% | 5.94% | 15.97% | -27.19% | 22.64% | 39.40% | 33.60% | -9.86% | 37.16% |
GAOAX JPMorgan Global Allocation Fund A | -3.21% | 14.68% | 7.91% | 12.69% | -18.74% | 3.60% | 15.29% | 15.95% | -6.07% | 16.82% |
Correlation
The correlation between ALTFX and GAOAX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.
ALTFX vs. GAOAX - Expense Ratio Comparison
ALTFX has a 1.02% expense ratio, which is lower than GAOAX's 1.04% expense ratio.
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Return for Risk
ALTFX vs. GAOAX — Risk / Return Rank
ALTFX
GAOAX
ALTFX vs. GAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Sustainable Global Thematic Fund (ALTFX) 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.
| ALTFX | GAOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 0.86 | -0.63 |
Sortino ratioReturn per unit of downside risk | 0.46 | 1.25 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.17 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.34 | 1.16 | -0.82 |
Martin ratioReturn relative to average drawdown | 1.05 | 4.54 | -3.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALTFX | GAOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.86 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.18 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.54 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.55 | -0.28 |
Drawdowns
ALTFX vs. GAOAX - Drawdown Comparison
The maximum ALTFX drawdown since its inception was -80.01%, which is greater than GAOAX's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for ALTFX and GAOAX.
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Drawdown Indicators
| ALTFX | GAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.01% | -29.02% | -50.99% |
Max Drawdown (1Y)Largest decline over 1 year | -15.81% | -8.95% | -6.86% |
Max Drawdown (5Y)Largest decline over 5 years | -35.87% | -29.02% | -6.85% |
Max Drawdown (10Y)Largest decline over 10 years | -35.87% | -29.02% | -6.85% |
Current DrawdownCurrent decline from peak | -12.91% | -6.96% | -5.95% |
Average DrawdownAverage peak-to-trough decline | -37.12% | -6.02% | -31.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 2.28% | +2.83% |
Volatility
ALTFX vs. GAOAX - Volatility Comparison
AB Sustainable Global Thematic Fund (ALTFX) has a higher volatility of 6.45% compared to JPMorgan Global Allocation Fund A (GAOAX) at 4.72%. This indicates that ALTFX'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.
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Volatility by Period
| ALTFX | GAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 4.72% | +1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.21% | 7.59% | +3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.81% | 11.55% | +7.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 11.03% | +7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 10.81% | +7.17% |
Dividends
ALTFX vs. GAOAX - Dividend Comparison
ALTFX's dividend yield for the trailing twelve months is around 14.55%, more than GAOAX's 9.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTFX AB Sustainable Global Thematic Fund | 14.55% | 13.53% | 8.18% | 0.03% | 2.61% | 9.99% | 7.23% | 6.01% | 8.36% | 0.00% | 4.05% | 0.00% |
GAOAX JPMorgan Global Allocation Fund A | 9.97% | 10.15% | 2.34% | 0.00% | 4.62% | 4.61% | 1.54% | 2.43% | 2.52% | 2.95% | 2.59% | 0.96% |