AMBFX vs. JBALX

Last updated Aug 1, 2026

AMBFX (American Funds American Balanced Fund® Class F-2) and JBALX (JPMorgan Global Allocation Fund Class A) are both mutual funds - AMBFX is a Diversified Portfolio fund managed by American Funds, while JBALX is a Global Allocation fund managed by JPMorgan. Over the past 10 years, AMBFX returned 10.07%/yr vs 10.69%/yr for JBALX. Their correlation of 0.94 means they have usually moved in the same direction. AMBFX charges 0.35%/yr vs 0.96%/yr for JBALX.

Performance

AMBFX vs. JBALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds American Balanced Fund® Class F-2 (AMBFX) and JPMorgan Global Allocation Fund Class A (JBALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMBFX achieves a 8.35% return, which is significantly higher than JBALX's 3.19% return. Over the past 10 years, AMBFX has underperformed JBALX with an annualized return of 10.07%, while JBALX has yielded a comparatively higher 10.69% annualized return.

AMBFX

• 1D: 1.08%
• 1M: -0.96%
• 6M: 5.56%
• YTD: 8.35%
• 1Y: 18.59%
• 3Y*: 15.60%
• 5Y*: 9.23%
• 10Y*: 10.07%
• ALL TIME*: 9.32%

JBALX

• 1D: 1.52%
• 1M: -0.34%
• 6M: 2.60%
• YTD: 3.19%
• 1Y: 9.45%
• 3Y*: 14.18%
• 5Y*: 7.78%
• 10Y*: 10.69%
• ALL TIME*: 7.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMBFX American Funds American Balanced Fund® Class F-2	$0.00	$0.00	$0.00
JBALX JPMorgan Global Allocation Fund Class A	$0.00	$0.00	$0.00

AMBFX vs. JBALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMBFX American Funds American Balanced Fund® Class F-2	8.35%	18.67%	15.25%	13.81%	-11.93%	16.00%	11.06%	19.45%	-2.69%	14.85%
JBALX JPMorgan Global Allocation Fund Class A	3.19%	15.00%	20.78%	15.45%	-16.56%	17.28%	14.40%	21.88%	0.71%	17.83%

Correlation

The correlation between AMBFX and JBALX is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Aug 1, 2008	0.94

The correlation between AMBFX and JBALX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

AMBFX vs. JBALX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AMBFX

AMBFX Risk / Return Rank: 80
AMBFX Sharpe Ratio Rank: 80
AMBFX Sortino Ratio Rank: 78
AMBFX Omega Ratio Rank: 77
AMBFX Calmar Ratio Rank: 78
AMBFX Martin Ratio Rank: 86

JBALX

JBALX Risk / Return Rank: 26
JBALX Sharpe Ratio Rank: 26
JBALX Sortino Ratio Rank: 26
JBALX Omega Ratio Rank: 25
JBALX Calmar Ratio Rank: 22
JBALX Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AMBFX vs. JBALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds American Balanced Fund® Class F-2 (AMBFX) and JPMorgan Global Allocation Fund Class A (JBALX). 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.

	AMBFX	JBALX	Difference
Sharpe ratio: Return per unit of total volatility	1.86	0.90	+0.95
Sortino ratio: Return per unit of downside risk	2.61	1.33	+1.28
Omega ratio: Gain probability vs. loss probability	1.34	1.16	+0.18
Calmar ratio: Return relative to maximum drawdown	2.50	1.05	+1.45
Martin ratio: Return relative to average drawdown	10.68	4.43	+6.25

AMBFX vs. JBALX - Sharpe Ratio Comparison

The current AMBFX Sharpe Ratio is 1.86, which is higher than the JBALX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of AMBFX and JBALX, 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

AMBFX vs. JBALX - Drawdown Comparison

The maximum AMBFX drawdown since its inception was -35.05%, roughly equal to the maximum JBALX drawdown of -33.98%. Use the drawdown chart below to compare losses from any high point for AMBFX and JBALX.

Drawdown Indicators

	AMBFX	JBALX	Difference
Max Drawdown Largest peak-to-trough decline	-35.05%	-33.98%	-1.07%
Max Drawdown (1Y) Largest decline over 1 year	-7.00%	-8.12%	+1.12%
Max Drawdown (3Y) Largest decline over 3 years	-10.64%	-11.93%	+1.29%
Max Drawdown (5Y) Largest decline over 5 years	-18.65%	-21.50%	+2.85%
Max Drawdown (10Y) Largest decline over 10 years	-22.31%	-22.49%	+0.18%
Current Drawdown Current decline from peak	-1.68%	-0.90%	-0.78%
Average Drawdown Average peak-to-trough decline	-3.56%	-5.39%	+1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.92%	-0.29%

Volatility

AMBFX vs. JBALX - Volatility Comparison

The current volatility for American Funds American Balanced Fund® Class F-2 (AMBFX) is 2.32%, while JPMorgan Global Allocation Fund Class A (JBALX) has a volatility of 2.66%. This indicates that AMBFX experiences smaller price fluctuations and is considered to be less risky than JBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMBFX	JBALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.32%	2.66%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	7.38%	7.68%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	9.41%	9.46%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.60%	11.45%	-0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.70%	11.28%	-0.58%

AMBFX vs. JBALX - Expense Ratio Comparison

AMBFX has a 0.35% expense ratio, which is lower than JBALX's 0.96% expense ratio.

Dividends

AMBFX vs. JBALX - Dividend Comparison

AMBFX's dividend yield for the trailing twelve months is around 7.39%, less than JBALX's 8.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMBFX American Funds American Balanced Fund® Class F-2	7.39%	8.47%	7.40%	2.20%	2.52%	4.50%	4.56%	4.19%	6.20%	4.85%	4.46%	5.81%
JBALX JPMorgan Global Allocation Fund Class A	8.56%	8.80%	11.84%	2.28%	2.00%	4.54%	2.54%	2.33%	7.14%	4.69%	4.55%	5.87%

Frequently Asked Questions

Can I hold both AMBFX and JBALX in my portfolio?

With a correlation of 0.93, AMBFX and JBALX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AMBFX or JBALX?

JBALX has higher volatility (2.66%) compared to AMBFX (2.32%). In terms of maximum drawdown, AMBFX dropped -35.05% vs JBALX's -33.98%.

Which has better risk-adjusted returns?

AMBFX currently has the higher Sharpe Ratio (1.86 vs 0.90), 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.