GAOAX vs. ETO
Compare and contrast key facts about JPMorgan Global Allocation Fund A (GAOAX) and Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO).
GAOAX is managed by JPMorgan. It was launched on May 31, 2011. ETO is a passively managed fund by Eaton Vance that tracks the performance of the MSCI World Index. It was launched on Apr 30, 2004.
Performance
GAOAX vs. ETO - Performance Comparison
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GAOAX vs. ETO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ETO Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund | -8.20% | 29.96% | 15.55% | 21.54% | -29.96% | 37.18% | 6.25% | 50.98% | -19.19% | 33.57% |
Returns By Period
In the year-to-date period, GAOAX achieves a -3.89% return, which is significantly higher than ETO's -8.20% return. Over the past 10 years, GAOAX has underperformed ETO with an annualized return of 5.74%, while ETO has yielded a comparatively higher 11.17% annualized return.
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%
ETO
- 1D
- 2.70%
- 1M
- -8.74%
- YTD
- -8.20%
- 6M
- 2.09%
- 1Y
- 19.48%
- 3Y*
- 15.71%
- 5Y*
- 8.62%
- 10Y*
- 11.17%
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GAOAX vs. ETO - Expense Ratio Comparison
GAOAX has a 1.04% expense ratio, which is lower than ETO's 2.56% expense ratio.
Return for Risk
GAOAX vs. ETO — Risk / Return Rank
GAOAX
ETO
GAOAX vs. ETO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Allocation Fund A (GAOAX) and Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO). 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.
| GAOAX | ETO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.98 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.39 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.32 | -0.22 |
Martin ratioReturn relative to average drawdown | 4.47 | 5.66 | -1.19 |
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
| GAOAX | ETO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.98 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.43 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.49 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.42 | +0.12 |
Correlation
The correlation between GAOAX and ETO is 0.73, 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
GAOAX vs. ETO - Dividend Comparison
GAOAX's dividend yield for the trailing twelve months is around 10.04%, more than ETO's 7.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ETO Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund | 7.60% | 6.85% | 7.81% | 6.97% | 9.87% | 5.82% | 7.36% | 8.32% | 11.51% | 8.50% | 9.51% | 9.29% |
Drawdowns
GAOAX vs. ETO - Drawdown Comparison
The maximum GAOAX drawdown since its inception was -29.02%, smaller than the maximum ETO drawdown of -72.02%. Use the drawdown chart below to compare losses from any high point for GAOAX and ETO.
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Drawdown Indicators
| GAOAX | ETO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.02% | -72.02% | +43.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -15.27% | +6.32% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -35.44% | +6.42% |
Max Drawdown (10Y)Largest decline over 10 years | -29.02% | -52.03% | +23.01% |
Current DrawdownCurrent decline from peak | -7.61% | -9.73% | +2.12% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -12.82% | +6.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 3.56% | -1.36% |
Volatility
GAOAX vs. ETO - Volatility Comparison
The current volatility for JPMorgan Global Allocation Fund A (GAOAX) is 4.98%, while Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO) has a volatility of 7.37%. This indicates that GAOAX experiences smaller price fluctuations and is considered to be less risky than ETO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAOAX | ETO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 7.37% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 11.85% | -4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.53% | 20.02% | -8.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.03% | 20.04% | -9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.81% | 22.71% | -11.90% |