GAOAX vs. GBOSX
GAOAX (JPMorgan Global Allocation Fund A) and GBOSX (JPMorgan Global Bond Opportunities Fund) are both mutual funds - GAOAX is a Global Equities fund managed by JPMorgan, while GBOSX is a Multisector Bonds fund managed by JPMorgan. Over the past 10 years, GAOAX returned 5.98%/yr vs 3.63%/yr for GBOSX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. GAOAX charges 1.04%/yr vs 0.65%/yr for GBOSX.
Performance
GAOAX vs. GBOSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GAOAX achieves a 2.81% return, which is significantly higher than GBOSX's 0.01% return. Over the past 10 years, GAOAX has outperformed GBOSX with an annualized return of 5.98%, while GBOSX has yielded a comparatively lower 3.63% annualized return.
GAOAX
- 1D
- 1.67%
- 1M
- -0.70%
- 6M
- 0.44%
- YTD
- 2.81%
- 1Y
- 9.76%
- 3Y*
- 9.62%
- 5Y*
- 2.44%
- 10Y*
- 5.98%
- ALL TIME*
- 5.95%
GBOSX
- 1D
- 0.21%
- 1M
- -1.01%
- 6M
- -0.82%
- YTD
- 0.01%
- 1Y
- 3.05%
- 3Y*
- 5.18%
- 5Y*
- 2.40%
- 10Y*
- 3.63%
- ALL TIME*
- 3.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GAOAX vs. GBOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GAOAX JPMorgan Global Allocation Fund A | 2.81% | 14.68% | 7.91% | 12.69% | -18.74% | 3.60% | 15.29% | 15.95% | -6.07% | 16.82% |
GBOSX JPMorgan Global Bond Opportunities Fund | 0.01% | 7.90% | 3.53% | 6.96% | -6.04% | 1.37% | 7.77% | 10.57% | -1.89% | 6.72% |
Correlation
The correlation between GAOAX and GBOSX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2013 | 0.55 |
The correlation between GAOAX and GBOSX shifts across timeframes, from 0.55 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GAOAX vs. GBOSX — Risk / Return Rank
GAOAX
GBOSX
GAOAX vs. GBOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Allocation Fund A (GAOAX) and JPMorgan Global Bond Opportunities Fund (GBOSX). 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.
| GAOAX | GBOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.17 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 0.87 | +0.15 |
| Martin ratioReturn relative to average drawdown | 3.79 | 2.80 | +0.99 |
Loading charts...
Drawdowns
GAOAX vs. GBOSX - Drawdown Comparison
The maximum GAOAX drawdown since its inception was -29.02%, which is greater than GBOSX's maximum drawdown of -11.48%. Use the drawdown chart below to compare losses from any high point for GAOAX and GBOSX.
Loading charts...
Drawdown Indicators
| GAOAX | GBOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.02% | -11.48% | -17.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -3.90% | -5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -3.90% | -6.97% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -10.86% | -18.16% |
Max Drawdown (10Y)Largest decline over 10 years | -29.02% | -11.48% | -17.54% |
Current DrawdownCurrent decline from peak | -2.53% | -1.73% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -1.50% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 1.20% | +1.19% |
Volatility
GAOAX vs. GBOSX - Volatility Comparison
JPMorgan Global Allocation Fund A (GAOAX) has a higher volatility of 3.45% compared to JPMorgan Global Bond Opportunities Fund (GBOSX) at 0.97%. This indicates that GAOAX's price experiences larger fluctuations and is considered to be riskier than GBOSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GAOAX | GBOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 0.97% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 3.44% | +5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.75% | 3.84% | +6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.27% | 3.75% | +7.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.93% | 3.49% | +7.44% |
GAOAX vs. GBOSX - Expense Ratio Comparison
GAOAX has a 1.04% expense ratio, which is higher than GBOSX's 0.65% expense ratio.
Dividends
GAOAX vs. GBOSX - Dividend Comparison
GAOAX's dividend yield for the trailing twelve months is around 9.06%, more than GBOSX's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAOAX JPMorgan Global Allocation Fund A | 9.06% | 10.15% | 2.34% | 0.00% | 4.62% | 4.61% | 1.54% | 2.43% | 2.52% | 2.95% | 2.59% | 0.96% |
GBOSX JPMorgan Global Bond Opportunities Fund | 4.21% | 4.79% | 4.41% | 3.92% | 3.68% | 2.61% | 3.29% | 4.06% | 5.74% | 3.32% | 4.80% | 5.12% |
Frequently Asked Questions
GAOAX and GBOSX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GAOAX has higher volatility (3.45%) compared to GBOSX (0.97%). In terms of maximum drawdown, GAOAX dropped -29.02% vs GBOSX's -11.48%.
GBOSX currently has the higher Sharpe Ratio (0.88 vs 0.85), 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.
Find the right allocation for GAOAX and GBOSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer