AVPEX vs. GAOAX
Compare and contrast key facts about ALPS/Red Rocks Global Opportunity Portfolio (AVPEX) and JPMorgan Global Allocation Fund A (GAOAX).
AVPEX is managed by ALPS. It was launched on Oct 23, 2014. GAOAX is managed by JPMorgan. It was launched on May 31, 2011.
Performance
AVPEX vs. GAOAX - Performance Comparison
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AVPEX vs. GAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVPEX ALPS/Red Rocks Global Opportunity Portfolio | -15.59% | 1.46% | 18.06% | 28.80% | -28.96% | 24.03% | 9.25% | 43.19% | -12.61% | 24.96% |
GAOAX JPMorgan Global Allocation Fund A | -3.89% | 14.68% | 7.91% | 12.69% | -18.74% | 3.60% | 15.29% | 15.95% | -6.07% | 16.82% |
Returns By Period
In the year-to-date period, AVPEX achieves a -15.59% return, which is significantly lower than GAOAX's -3.89% return. Over the past 10 years, AVPEX has outperformed GAOAX with an annualized return of 7.78%, while GAOAX has yielded a comparatively lower 5.74% annualized return.
AVPEX
- 1D
- 2.75%
- 1M
- -5.52%
- YTD
- -15.59%
- 6M
- -16.01%
- 1Y
- -11.77%
- 3Y*
- 7.71%
- 5Y*
- 1.77%
- 10Y*
- 7.78%
GAOAX
- 1D
- 1.47%
- 1M
- -6.40%
- YTD
- -3.89%
- 6M
- -2.79%
- 1Y
- 9.60%
- 3Y*
- 8.41%
- 5Y*
- 1.86%
- 10Y*
- 5.74%
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AVPEX vs. GAOAX - Expense Ratio Comparison
AVPEX has a 1.45% expense ratio, which is higher than GAOAX's 1.04% expense ratio.
Return for Risk
AVPEX vs. GAOAX — Risk / Return Rank
AVPEX
GAOAX
AVPEX vs. GAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Red Rocks Global Opportunity Portfolio (AVPEX) 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.
| AVPEX | GAOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.54 | 0.86 | -1.40 |
Sortino ratioReturn per unit of downside risk | -0.62 | 1.24 | -1.86 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.17 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | -0.51 | 1.10 | -1.61 |
Martin ratioReturn relative to average drawdown | -1.51 | 4.47 | -5.98 |
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
| AVPEX | GAOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 0.86 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.17 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.53 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.54 | -0.15 |
Correlation
The correlation between AVPEX and GAOAX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AVPEX vs. GAOAX - Dividend Comparison
AVPEX's dividend yield for the trailing twelve months is around 10.07%, which matches GAOAX's 10.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVPEX ALPS/Red Rocks Global Opportunity Portfolio | 10.07% | 8.50% | 8.83% | 0.00% | 31.03% | 4.24% | 13.52% | 3.02% | 6.79% | 2.33% | 0.75% | 0.11% |
GAOAX JPMorgan Global Allocation Fund A | 10.04% | 10.15% | 2.34% | 0.00% | 4.62% | 4.61% | 1.54% | 2.43% | 2.52% | 2.95% | 2.59% | 0.96% |
Drawdowns
AVPEX vs. GAOAX - Drawdown Comparison
The maximum AVPEX drawdown since its inception was -46.42%, which is greater than GAOAX's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for AVPEX and GAOAX.
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Drawdown Indicators
| AVPEX | GAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.42% | -29.02% | -17.40% |
Max Drawdown (1Y)Largest decline over 1 year | -22.41% | -8.95% | -13.46% |
Max Drawdown (5Y)Largest decline over 5 years | -37.50% | -29.02% | -8.48% |
Max Drawdown (10Y)Largest decline over 10 years | -46.42% | -29.02% | -17.40% |
Current DrawdownCurrent decline from peak | -19.80% | -7.61% | -12.19% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -6.01% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.64% | 2.20% | +5.44% |
Volatility
AVPEX vs. GAOAX - Volatility Comparison
ALPS/Red Rocks Global Opportunity Portfolio (AVPEX) has a higher volatility of 6.75% compared to JPMorgan Global Allocation Fund A (GAOAX) at 4.98%. This indicates that AVPEX'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
| AVPEX | GAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 4.98% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 13.76% | 7.55% | +6.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.77% | 11.53% | +9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.66% | 11.03% | +7.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 10.81% | +8.14% |