GAOAX vs. JHEQX
Compare and contrast key facts about JPMorgan Global Allocation Fund A (GAOAX) and JPMorgan Hedged Equity Fund Class I (JHEQX).
GAOAX is managed by JPMorgan. It was launched on May 31, 2011. JHEQX is managed by JPMorgan. It was launched on Dec 13, 2013.
Performance
GAOAX vs. JHEQX - Performance Comparison
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GAOAX vs. JHEQX - 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% |
JHEQX JPMorgan Hedged Equity Fund Class I | -4.94% | 7.49% | 18.23% | 16.07% | -8.05% | 13.43% | 14.10% | 13.31% | -0.72% | 12.70% |
Returns By Period
In the year-to-date period, GAOAX achieves a -3.89% return, which is significantly higher than JHEQX's -4.94% return. Over the past 10 years, GAOAX has underperformed JHEQX with an annualized return of 5.74%, while JHEQX has yielded a comparatively higher 8.72% 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%
JHEQX
- 1D
- 0.75%
- 1M
- -5.47%
- YTD
- -4.94%
- 6M
- -2.73%
- 1Y
- 7.14%
- 3Y*
- 9.50%
- 5Y*
- 6.83%
- 10Y*
- 8.72%
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GAOAX vs. JHEQX - Expense Ratio Comparison
GAOAX has a 1.04% expense ratio, which is higher than JHEQX's 0.58% expense ratio.
Return for Risk
GAOAX vs. JHEQX — Risk / Return Rank
GAOAX
JHEQX
GAOAX vs. JHEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Allocation Fund A (GAOAX) and JPMorgan Hedged Equity Fund Class I (JHEQX). 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 | JHEQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.72 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.10 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.17 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.07 | +0.03 |
Martin ratioReturn relative to average drawdown | 4.47 | 4.43 | +0.04 |
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 | JHEQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.72 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.77 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.93 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.84 | -0.30 |
Correlation
The correlation between GAOAX and JHEQX is 0.84, 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. JHEQX - Dividend Comparison
GAOAX's dividend yield for the trailing twelve months is around 10.04%, more than JHEQX's 0.64% 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% |
JHEQX JPMorgan Hedged Equity Fund Class I | 0.64% | 0.65% | 0.75% | 0.98% | 0.99% | 0.71% | 1.11% | 1.11% | 1.13% | 0.99% | 1.35% | 1.21% |
Drawdowns
GAOAX vs. JHEQX - Drawdown Comparison
The maximum GAOAX drawdown since its inception was -29.02%, which is greater than JHEQX's maximum drawdown of -18.85%. Use the drawdown chart below to compare losses from any high point for GAOAX and JHEQX.
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Drawdown Indicators
| GAOAX | JHEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.02% | -18.85% | -10.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -6.92% | -2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -14.34% | -14.68% |
Max Drawdown (10Y)Largest decline over 10 years | -29.02% | -18.85% | -10.17% |
Current DrawdownCurrent decline from peak | -7.61% | -6.19% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -2.16% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.67% | +0.53% |
Volatility
GAOAX vs. JHEQX - Volatility Comparison
JPMorgan Global Allocation Fund A (GAOAX) has a higher volatility of 4.98% compared to JPMorgan Hedged Equity Fund Class I (JHEQX) at 2.81%. This indicates that GAOAX's price experiences larger fluctuations and is considered to be riskier than JHEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAOAX | JHEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 2.81% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 5.56% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.53% | 10.23% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.03% | 8.89% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.81% | 9.41% | +1.40% |