CIGEX vs. GAOAX

Last updated Apr 1, 2026

Compare and contrast key facts about Calamos Global Equity Fund (CIGEX) and JPMorgan Global Allocation Fund A (GAOAX).

CIGEX is managed by Calamos. It was launched on Feb 28, 2007. GAOAX is managed by JPMorgan. It was launched on May 31, 2011.

Performance

CIGEX vs. GAOAX - Performance Comparison

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

CIGEX vs. GAOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CIGEX Calamos Global Equity Fund	-5.78%	18.46%	30.61%	24.55%	-27.42%	16.61%	44.24%	29.43%	-15.54%	34.56%
GAOAX JPMorgan Global Allocation Fund A	-5.28%	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, CIGEX achieves a -5.78% return, which is significantly lower than GAOAX's -5.28% return. Over the past 10 years, CIGEX has outperformed GAOAX with an annualized return of 12.93%, while GAOAX has yielded a comparatively lower 5.59% annualized return.

CIGEX

• 1D: -1.45%
• 1M: -12.14%
• YTD: -5.78%
• 6M: -7.10%
• 1Y: 19.44%
• 3Y*: 18.74%
• 5Y*: 8.14%
• 10Y*: 12.93%

GAOAX

• 1D: -0.10%
• 1M: -8.53%
• YTD: -5.28%
• 6M: -3.90%
• 1Y: 8.28%
• 3Y*: 7.88%
• 5Y*: 1.78%
• 10Y*: 5.59%

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

CIGEX vs. GAOAX - Expense Ratio Comparison

CIGEX has a 1.15% expense ratio, which is higher than GAOAX's 1.04% expense ratio.

CIGEX

Calamos Global Equity Fund

GAOAX

JPMorgan Global Allocation Fund A

Return for Risk

CIGEX vs. GAOAX — Risk / Return Rank

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

CIGEX

CIGEX Risk / Return Rank: 47
CIGEX Sharpe Ratio Rank: 45
CIGEX Sortino Ratio Rank: 45
CIGEX Omega Ratio Rank: 44
CIGEX Calmar Ratio Rank: 54
CIGEX Martin Ratio Rank: 49

GAOAX

GAOAX Risk / Return Rank: 30
GAOAX Sharpe Ratio Rank: 32
GAOAX Sortino Ratio Rank: 30
GAOAX Omega Ratio Rank: 28
GAOAX Calmar Ratio Rank: 29
GAOAX Martin Ratio Rank: 32

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.

CIGEX vs. GAOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Global Equity Fund (CIGEX) 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.

	CIGEX	GAOAX	Difference
Sharpe ratio Return per unit of total volatility	0.91	0.72	+0.18
Sortino ratio Return per unit of downside risk	1.33	1.06	+0.27
Omega ratio Gain probability vs. loss probability	1.19	1.15	+0.04
Calmar ratio Return relative to maximum drawdown	1.28	0.82	+0.46
Martin ratio Return relative to average drawdown	4.84	3.42	+1.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CIGEX vs. GAOAX - Sharpe Ratio Comparison

The current CIGEX Sharpe Ratio is 0.91, which is comparable to the GAOAX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of CIGEX and GAOAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CIGEX	GAOAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	0.72	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.16	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.52	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.53	-0.08

Correlation

The correlation between CIGEX and GAOAX is 0.91, 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

CIGEX vs. GAOAX - Dividend Comparison

CIGEX's dividend yield for the trailing twelve months is around 16.31%, more than GAOAX's 10.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIGEX Calamos Global Equity Fund	16.31%	15.37%	8.67%	0.10%	4.43%	11.75%	6.51%	7.44%	27.66%	9.21%	4.62%	1.98%
GAOAX JPMorgan Global Allocation Fund A	10.19%	10.15%	2.34%	0.00%	4.62%	4.61%	1.54%	2.43%	2.52%	2.95%	2.59%	0.96%

Drawdowns

CIGEX vs. GAOAX - Drawdown Comparison

The maximum CIGEX drawdown since its inception was -60.48%, which is greater than GAOAX's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for CIGEX and GAOAX.

Drawdown Indicators

	CIGEX	GAOAX	Difference
Max Drawdown Largest peak-to-trough decline	-60.48%	-29.02%	-31.46%
Max Drawdown (1Y) Largest decline over 1 year	-13.31%	-8.95%	-4.36%
Max Drawdown (5Y) Largest decline over 5 years	-35.81%	-29.02%	-6.79%
Max Drawdown (10Y) Largest decline over 10 years	-35.81%	-29.02%	-6.79%
Current Drawdown Current decline from peak	-13.31%	-8.95%	-4.36%
Average Drawdown Average peak-to-trough decline	-10.42%	-6.01%	-4.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	2.15%	+1.38%

Volatility

CIGEX vs. GAOAX - Volatility Comparison

Calamos Global Equity Fund (CIGEX) has a higher volatility of 8.43% compared to JPMorgan Global Allocation Fund A (GAOAX) at 4.64%. This indicates that CIGEX'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

	CIGEX	GAOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.43%	4.64%	+3.79%
Volatility (6M) Calculated over the trailing 6-month period	14.83%	7.42%	+7.41%
Volatility (1Y) Calculated over the trailing 1-year period	21.26%	11.46%	+9.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	11.02%	+8.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	10.80%	+8.45%