GAAEX vs. GAOAX
Compare and contrast key facts about Guinness Atkinson Alternative Energy Fund (GAAEX) and JPMorgan Global Allocation Fund A (GAOAX).
GAAEX is managed by Guinness Atkinson. It was launched on Mar 30, 2006. GAOAX is managed by JPMorgan. It was launched on May 31, 2011.
Performance
GAAEX vs. GAOAX - Performance Comparison
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GAAEX vs. GAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GAAEX Guinness Atkinson Alternative Energy Fund | -0.63% | 26.64% | -11.85% | -2.39% | -12.67% | 8.40% | 86.45% | 30.20% | -15.49% | 20.68% |
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, GAAEX achieves a -0.63% return, which is significantly higher than GAOAX's -3.89% return. Over the past 10 years, GAAEX has outperformed GAOAX with an annualized return of 8.61%, while GAOAX has yielded a comparatively lower 5.74% annualized return.
GAAEX
- 1D
- 3.44%
- 1M
- -8.28%
- YTD
- -0.63%
- 6M
- 0.16%
- 1Y
- 31.88%
- 3Y*
- -0.28%
- 5Y*
- -0.08%
- 10Y*
- 8.61%
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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GAAEX vs. GAOAX - Expense Ratio Comparison
GAAEX has a 1.98% expense ratio, which is higher than GAOAX's 1.04% expense ratio.
Return for Risk
GAAEX vs. GAOAX — Risk / Return Rank
GAAEX
GAOAX
GAAEX vs. GAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guinness Atkinson Alternative Energy Fund (GAAEX) 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.
| GAAEX | GAOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 0.86 | +0.61 |
Sortino ratioReturn per unit of downside risk | 2.14 | 1.24 | +0.89 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.15 | 1.10 | +1.05 |
Martin ratioReturn relative to average drawdown | 7.83 | 4.47 | +3.35 |
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
| GAAEX | GAOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 0.86 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.17 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.53 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.54 | -0.64 |
Correlation
The correlation between GAAEX and GAOAX is 0.75, 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
GAAEX vs. GAOAX - Dividend Comparison
GAAEX's dividend yield for the trailing twelve months is around 0.33%, less than GAOAX's 10.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAAEX Guinness Atkinson Alternative Energy Fund | 0.33% | 0.33% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 0.28% | 0.00% | 0.00% |
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
GAAEX vs. GAOAX - Drawdown Comparison
The maximum GAAEX drawdown since its inception was -85.83%, which is greater than GAOAX's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for GAAEX and GAOAX.
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Drawdown Indicators
| GAAEX | GAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.83% | -29.02% | -56.81% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -8.95% | -5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -40.64% | -29.02% | -11.62% |
Max Drawdown (10Y)Largest decline over 10 years | -40.64% | -29.02% | -11.62% |
Current DrawdownCurrent decline from peak | -57.61% | -7.61% | -50.00% |
Average DrawdownAverage peak-to-trough decline | -63.74% | -6.01% | -57.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 2.20% | +1.80% |
Volatility
GAAEX vs. GAOAX - Volatility Comparison
Guinness Atkinson Alternative Energy Fund (GAAEX) has a higher volatility of 7.75% compared to JPMorgan Global Allocation Fund A (GAOAX) at 4.98%. This indicates that GAAEX'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
| GAAEX | GAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.75% | 4.98% | +2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 14.24% | 7.55% | +6.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.20% | 11.53% | +10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.27% | 11.03% | +11.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.26% | 10.81% | +11.45% |