GBLAX vs. ANWPX
Compare and contrast key facts about American Funds Global Balanced Fund Class A (GBLAX) and American Funds New Perspective Fund Class A (ANWPX).
GBLAX is an actively managed fund by American Funds. It was launched on Feb 1, 2011. ANWPX is managed by American Funds. It was launched on Mar 13, 1973.
Performance
GBLAX vs. ANWPX - Performance Comparison
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GBLAX vs. ANWPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBLAX American Funds Global Balanced Fund Class A | -0.20% | 17.12% | 6.56% | 13.68% | -14.25% | 9.18% | 10.47% | 17.26% | -6.13% | 13.99% |
ANWPX American Funds New Perspective Fund Class A | -3.95% | 21.33% | 16.76% | 24.63% | -25.92% | 17.64% | 33.42% | 30.10% | -5.99% | 28.91% |
Returns By Period
In the year-to-date period, GBLAX achieves a -0.20% return, which is significantly higher than ANWPX's -3.95% return. Over the past 10 years, GBLAX has underperformed ANWPX with an annualized return of 6.62%, while ANWPX has yielded a comparatively higher 12.48% annualized return.
GBLAX
- 1D
- 1.83%
- 1M
- -4.53%
- YTD
- -0.20%
- 6M
- 2.19%
- 1Y
- 14.55%
- 3Y*
- 10.81%
- 5Y*
- 5.27%
- 10Y*
- 6.62%
ANWPX
- 1D
- 1.42%
- 1M
- -3.47%
- YTD
- -3.95%
- 6M
- -2.45%
- 1Y
- 17.48%
- 3Y*
- 15.44%
- 5Y*
- 7.36%
- 10Y*
- 12.48%
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GBLAX vs. ANWPX - Expense Ratio Comparison
GBLAX has a 0.80% expense ratio, which is higher than ANWPX's 0.72% expense ratio.
Return for Risk
GBLAX vs. ANWPX — Risk / Return Rank
GBLAX
ANWPX
GBLAX vs. ANWPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Global Balanced Fund Class A (GBLAX) and American Funds New Perspective Fund Class A (ANWPX). 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.
| GBLAX | ANWPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 1.07 | +0.48 |
Sortino ratioReturn per unit of downside risk | 2.21 | 1.62 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.22 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 1.60 | +0.61 |
Martin ratioReturn relative to average drawdown | 9.00 | 6.44 | +2.57 |
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
| GBLAX | ANWPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 1.07 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.43 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.70 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.66 | -0.04 |
Correlation
The correlation between GBLAX and ANWPX is 0.91, 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
GBLAX vs. ANWPX - Dividend Comparison
GBLAX's dividend yield for the trailing twelve months is around 6.38%, less than ANWPX's 6.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBLAX American Funds Global Balanced Fund Class A | 6.38% | 6.34% | 5.53% | 1.61% | 1.52% | 6.02% | 1.24% | 1.87% | 2.30% | 3.15% | 2.00% | 3.28% |
ANWPX American Funds New Perspective Fund Class A | 6.84% | 6.57% | 5.13% | 5.36% | 4.16% | 7.01% | 4.13% | 3.67% | 7.59% | 5.50% | 3.86% | 6.14% |
Drawdowns
GBLAX vs. ANWPX - Drawdown Comparison
The maximum GBLAX drawdown since its inception was -23.36%, smaller than the maximum ANWPX drawdown of -52.34%. Use the drawdown chart below to compare losses from any high point for GBLAX and ANWPX.
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Drawdown Indicators
| GBLAX | ANWPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.36% | -52.34% | +28.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -11.48% | +4.73% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -34.45% | +11.90% |
Max Drawdown (10Y)Largest decline over 10 years | -23.36% | -34.45% | +11.09% |
Current DrawdownCurrent decline from peak | -5.03% | -7.44% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -8.13% | +4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.93% | -1.27% |
Volatility
GBLAX vs. ANWPX - Volatility Comparison
The current volatility for American Funds Global Balanced Fund Class A (GBLAX) is 4.16%, while American Funds New Perspective Fund Class A (ANWPX) has a volatility of 6.14%. This indicates that GBLAX experiences smaller price fluctuations and is considered to be less risky than ANWPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBLAX | ANWPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 6.14% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 6.34% | 10.41% | -4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.60% | 17.07% | -7.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.86% | 17.15% | -7.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.42% | 17.77% | -7.35% |