GBLAX vs. RALIX
GBLAX (American Funds Global Balanced Fund Class A) and RALIX (Lazard Real Assets Portfolio) are both Global Allocation funds. Over the past 5 years, GBLAX returned 5.76%/yr vs 6.98%/yr for RALIX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.80% expense ratio.
Performance
GBLAX vs. RALIX - Performance Comparison
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Returns By Period
In the year-to-date period, GBLAX achieves a 6.41% return, which is significantly lower than RALIX's 13.88% return.
GBLAX
- 1D
- 1.12%
- 1M
- 0.28%
- 6M
- 3.86%
- YTD
- 6.41%
- 1Y
- 13.86%
- 3Y*
- 11.32%
- 5Y*
- 5.76%
- 10Y*
- 6.79%
- ALL TIME*
- 6.55%
RALIX
- 1D
- 0.43%
- 1M
- 2.52%
- 6M
- 7.73%
- YTD
- 13.88%
- 1Y
- 22.53%
- 3Y*
- 12.25%
- 5Y*
- 6.98%
- 10Y*
- —
- ALL TIME*
- 6.94%
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 |
GBLAX vs. RALIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBLAX American Funds Global Balanced Fund Class A | 6.41% | 17.12% | 6.56% | 13.68% | -14.25% | 9.18% | 10.47% | 17.26% | -6.13% | 13.99% |
RALIX Lazard Real Assets Portfolio | 13.88% | 15.60% | 5.91% | 4.43% | -8.99% | 22.32% | 0.61% | 16.07% | -7.59% | 8.60% |
Correlation
The correlation between GBLAX and RALIX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.73 |
Over the past year, the correlation between GBLAX and RALIX has dropped to 0.48 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
GBLAX vs. RALIX — Risk / Return Rank
GBLAX
RALIX
GBLAX vs. RALIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Global Balanced Fund Class A (GBLAX) and Lazard Real Assets Portfolio (RALIX). 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.
| GBLAX | RALIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 3.91 | -1.94 |
| Martin ratioReturn relative to average drawdown | 8.25 | 12.04 | -3.79 |
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Drawdowns
GBLAX vs. RALIX - Drawdown Comparison
The maximum GBLAX drawdown since its inception was -23.36%, roughly equal to the maximum RALIX drawdown of -24.00%. Use the drawdown chart below to compare losses from any high point for GBLAX and RALIX.
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Drawdown Indicators
| GBLAX | RALIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.36% | -24.00% | +0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.74% | -5.46% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -8.90% | -9.72% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -22.03% | -0.52% |
Max Drawdown (10Y)Largest decline over 10 years | -23.36% | — | — |
Current DrawdownCurrent decline from peak | -0.53% | -1.22% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -5.70% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.77% | -0.16% |
Volatility
GBLAX vs. RALIX - Volatility Comparison
The current volatility for American Funds Global Balanced Fund Class A (GBLAX) is 2.14%, while Lazard Real Assets Portfolio (RALIX) has a volatility of 2.35%. This indicates that GBLAX experiences smaller price fluctuations and is considered to be less risky than RALIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBLAX | RALIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 2.35% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.34% | 7.20% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.70% | 8.95% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.98% | 11.83% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.40% | 11.15% | -0.75% |
GBLAX vs. RALIX - Expense Ratio Comparison
Both GBLAX and RALIX have an expense ratio of 0.80%.
Dividends
GBLAX vs. RALIX - Dividend Comparison
GBLAX's dividend yield for the trailing twelve months is around 5.83%, less than RALIX's 8.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBLAX American Funds Global Balanced Fund Class A | 5.83% | 6.34% | 5.53% | 1.61% | 1.52% | 6.02% | 1.24% | 1.87% | 2.30% | 3.15% | 2.00% | 3.28% |
RALIX Lazard Real Assets Portfolio | 8.43% | 7.04% | 3.07% | 2.93% | 7.65% | 11.84% | 3.93% | 2.24% | 5.27% | 1.69% | 0.00% | 0.00% |
Frequently Asked Questions
GBLAX and RALIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RALIX has higher volatility (2.35%) compared to GBLAX (2.14%). In terms of maximum drawdown, GBLAX dropped -23.36% vs RALIX's -24.00%.
RALIX currently has the higher Sharpe Ratio (2.40 vs 1.53), 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.
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