GAOSX vs. JLGMX

Last updated Jun 4, 2026

GAOSX (JPMorgan Global Allocation Fund) and JLGMX (JPMorgan Large Cap Growth Fund Class R6) are both mutual funds - GAOSX is a Global Allocation fund managed by JPMorgan, while JLGMX is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. Over the past 10 years, GAOSX returned 7.40%/yr vs 20.16%/yr for JLGMX. Their correlation of 0.84 suggests significant overlap in exposure. GAOSX charges 0.77%/yr vs 0.44%/yr for JLGMX.

Performance

GAOSX vs. JLGMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Global Allocation Fund (GAOSX) and JPMorgan Large Cap Growth Fund Class R6 (JLGMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GAOSX achieves a 6.21% return, which is significantly lower than JLGMX's 7.96% return. Over the past 10 years, GAOSX has underperformed JLGMX with an annualized return of 7.40%, while JLGMX has yielded a comparatively higher 20.16% annualized return.

GAOSX

• 1D: 0.41%
• 1M: 3.44%
• YTD: 6.21%
• 6M: 6.81%
• 1Y: 16.62%
• 3Y*: 12.33%
• 5Y*: 4.58%
• 10Y*: 7.40%

JLGMX

• 1D: 0.66%
• 1M: 6.71%
• YTD: 7.96%
• 6M: 6.63%
• 1Y: 21.82%
• 3Y*: 24.07%
• 5Y*: 13.99%
• 10Y*: 20.16%

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

GAOSX vs. JLGMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GAOSX JPMorgan Global Allocation Fund	6.21%	14.96%	8.21%	13.02%	-18.59%	9.54%	15.55%	16.27%	-5.81%	17.12%
JLGMX JPMorgan Large Cap Growth Fund Class R6	7.96%	14.38%	35.40%	34.95%	-25.20%	18.48%	56.39%	39.47%	0.74%	38.41%

Correlation

The correlation between GAOSX and JLGMX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jul 2, 2013	0.84

The correlation between GAOSX and JLGMX has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

Return for Risk

GAOSX vs. JLGMX — Risk / Return Rank

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

GAOSX

GAOSX Risk / Return Rank: 33
GAOSX Sharpe Ratio Rank: 35
GAOSX Sortino Ratio Rank: 34
GAOSX Omega Ratio Rank: 35
GAOSX Calmar Ratio Rank: 25
GAOSX Martin Ratio Rank: 35

JLGMX

JLGMX Risk / Return Rank: 20
JLGMX Sharpe Ratio Rank: 25
JLGMX Sortino Ratio Rank: 22
JLGMX Omega Ratio Rank: 24
JLGMX Calmar Ratio Rank: 14
JLGMX Martin Ratio Rank: 13

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.

GAOSX vs. JLGMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Allocation Fund (GAOSX) and JPMorgan Large Cap Growth Fund Class R6 (JLGMX). 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.

	GAOSX	JLGMX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.44	+0.26
Sortino ratio: Return per unit of downside risk	2.41	1.98	+0.43
Omega ratio: Gain probability vs. loss probability	1.32	1.26	+0.06
Calmar ratio: Return relative to maximum drawdown	1.86	1.34	+0.52
Martin ratio: Return relative to average drawdown	7.72	3.82	+3.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GAOSX vs. JLGMX - Sharpe Ratio Comparison

The current GAOSX Sharpe Ratio is 1.70, which is comparable to the JLGMX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of GAOSX and JLGMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GAOSX	JLGMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	1.44	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.70	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.94	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.85	-0.17

Drawdowns

GAOSX vs. JLGMX - Drawdown Comparison

The maximum GAOSX drawdown since its inception was -24.98%, smaller than the maximum JLGMX drawdown of -31.82%. Use the drawdown chart below to compare losses from any high point for GAOSX and JLGMX.

Drawdown Indicators

	GAOSX	JLGMX	Difference
Max Drawdown Largest peak-to-trough decline	-24.98%	-31.82%	+6.84%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-16.73%	+7.80%
Max Drawdown (3Y) Largest decline over 3 years	-10.84%	-21.47%	+10.63%
Max Drawdown (5Y) Largest decline over 5 years	-24.98%	-31.13%	+6.15%
Max Drawdown (10Y) Largest decline over 10 years	-24.98%	-31.82%	+6.84%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.70%	-5.81%	+1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	5.85%	-3.70%

Volatility

GAOSX vs. JLGMX - Volatility Comparison

The current volatility for JPMorgan Global Allocation Fund (GAOSX) is 2.79%, while JPMorgan Large Cap Growth Fund Class R6 (JLGMX) has a volatility of 3.87%. This indicates that GAOSX experiences smaller price fluctuations and is considered to be less risky than JLGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GAOSX	JLGMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	3.87%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	8.12%	11.22%	-3.10%
Volatility (1Y) Calculated over the trailing 1-year period	9.80%	15.60%	-5.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.94%	20.18%	-9.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.78%	21.57%	-10.79%

GAOSX vs. JLGMX - Expense Ratio Comparison

GAOSX has a 0.77% expense ratio, which is higher than JLGMX's 0.44% expense ratio.

Dividends

GAOSX vs. JLGMX - Dividend Comparison

GAOSX's dividend yield for the trailing twelve months is around 9.77%, less than JLGMX's 10.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GAOSX JPMorgan Global Allocation Fund	9.77%	10.23%	2.52%	0.00%	4.86%	10.17%	1.67%	2.65%	2.71%	3.18%	2.76%	1.16%
JLGMX JPMorgan Large Cap Growth Fund Class R6	10.23%	11.04%	2.12%	0.31%	3.49%	14.25%	5.14%	12.65%	15.59%	14.44%	9.71%	4.43%

Frequently Asked Questions

Can I hold both GAOSX and JLGMX in my portfolio?

GAOSX and JLGMX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GAOSX or JLGMX?

JLGMX has higher volatility (3.87%) compared to GAOSX (2.79%). In terms of maximum drawdown, GAOSX dropped -24.98% vs JLGMX's -31.82%.

Which has better risk-adjusted returns?

GAOSX currently has the higher Sharpe Ratio (1.70 vs 1.44), 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.