GAPIX vs. GAOAX
Compare and contrast key facts about Goldman Sachs Dynamic Global Equity Fund (GAPIX) and JPMorgan Global Allocation Fund A (GAOAX).
GAPIX is managed by Goldman Sachs. It was launched on Jan 1, 1998. GAOAX is managed by JPMorgan. It was launched on May 31, 2011.
Performance
GAPIX vs. GAOAX - Performance Comparison
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GAPIX vs. GAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GAPIX Goldman Sachs Dynamic Global Equity Fund | -5.10% | 21.72% | 24.35% | 20.67% | -18.97% | 20.53% | 13.61% | 31.78% | -11.06% | 26.49% |
GAOAX JPMorgan Global Allocation Fund A | -5.28% | 14.68% | 7.91% | 12.69% | -18.74% | 3.60% | 15.29% | 15.95% | -6.07% | 16.82% |
Returns By Period
The year-to-date returns for both stocks are quite close, with GAPIX having a -5.10% return and GAOAX slightly lower at -5.28%. Over the past 10 years, GAPIX has outperformed GAOAX with an annualized return of 11.86%, while GAOAX has yielded a comparatively lower 5.59% annualized return.
GAPIX
- 1D
- -0.23%
- 1M
- -9.63%
- YTD
- -5.10%
- 6M
- -1.88%
- 1Y
- 17.45%
- 3Y*
- 17.32%
- 5Y*
- 9.81%
- 10Y*
- 11.86%
GAOAX
- 1D
- -0.10%
- 1M
- -8.53%
- YTD
- -5.28%
- 6M
- -3.90%
- 1Y
- 8.28%
- 3Y*
- 7.88%
- 5Y*
- 1.78%
- 10Y*
- 5.59%
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GAPIX vs. GAOAX - Expense Ratio Comparison
GAPIX has a 0.19% expense ratio, which is lower than GAOAX's 1.04% expense ratio.
Return for Risk
GAPIX vs. GAOAX — Risk / Return Rank
GAPIX
GAOAX
GAPIX vs. GAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Dynamic Global Equity Fund (GAPIX) 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.
| GAPIX | GAOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.72 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.06 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.15 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.82 | +0.28 |
Martin ratioReturn relative to average drawdown | 5.27 | 3.42 | +1.85 |
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
| GAPIX | GAOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.72 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.16 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.52 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.53 | -0.14 |
Correlation
The correlation between GAPIX and GAOAX is 0.96, 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
GAPIX vs. GAOAX - Dividend Comparison
GAPIX's dividend yield for the trailing twelve months is around 15.26%, more than GAOAX's 10.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAPIX Goldman Sachs Dynamic Global Equity Fund | 15.26% | 14.49% | 14.79% | 5.27% | 6.66% | 12.60% | 2.64% | 10.09% | 2.88% | 2.33% | 1.56% | 1.39% |
GAOAX JPMorgan Global Allocation Fund A | 10.19% | 10.15% | 2.34% | 0.00% | 4.62% | 4.61% | 1.54% | 2.43% | 2.52% | 2.95% | 2.59% | 0.96% |
Drawdowns
GAPIX vs. GAOAX - Drawdown Comparison
The maximum GAPIX drawdown since its inception was -58.36%, which is greater than GAOAX's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for GAPIX and GAOAX.
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Drawdown Indicators
| GAPIX | GAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.36% | -29.02% | -29.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.26% | -8.95% | -4.31% |
Max Drawdown (5Y)Largest decline over 5 years | -31.13% | -29.02% | -2.11% |
Max Drawdown (10Y)Largest decline over 10 years | -36.31% | -29.02% | -7.29% |
Current DrawdownCurrent decline from peak | -10.22% | -8.95% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -11.43% | -6.01% | -5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.15% | +0.73% |
Volatility
GAPIX vs. GAOAX - Volatility Comparison
Goldman Sachs Dynamic Global Equity Fund (GAPIX) has a higher volatility of 5.44% compared to JPMorgan Global Allocation Fund A (GAOAX) at 4.64%. This indicates that GAPIX'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
| GAPIX | GAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 4.64% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.86% | 7.42% | +2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.02% | 11.46% | +6.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 11.02% | +5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 10.80% | +7.16% |