GLBIX vs. FLFGX

Last updated Jun 25, 2026

GLBIX (Leuthold Global Fund) and FLFGX (Meeder Global Allocation Fund) are both Global Allocation funds. Over the past 10 years, GLBIX returned 6.96%/yr vs 10.12%/yr for FLFGX. Their correlation of 0.87 suggests significant overlap in exposure. GLBIX charges 1.57%/yr vs 1.81%/yr for FLFGX.

Performance

GLBIX vs. FLFGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leuthold Global Fund (GLBIX) and Meeder Global Allocation Fund (FLFGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLBIX achieves a 13.98% return, which is significantly higher than FLFGX's 10.53% return. Over the past 10 years, GLBIX has underperformed FLFGX with an annualized return of 6.96%, while FLFGX has yielded a comparatively higher 10.12% annualized return.

GLBIX

• 1D: -1.56%
• 1M: 2.18%
• YTD: 13.98%
• 6M: 13.62%
• 1Y: 24.44%
• 3Y*: 13.13%
• 5Y*: 7.15%
• 10Y*: 6.96%

FLFGX

• 1D: -1.80%
• 1M: 0.16%
• YTD: 10.53%
• 6M: 9.42%
• 1Y: 21.46%
• 3Y*: 20.23%
• 5Y*: 10.49%
• 10Y*: 10.12%

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

GLBIX vs. FLFGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLBIX Leuthold Global Fund	13.98%	17.72%	1.08%	8.32%	-7.91%	15.01%	7.52%	9.36%	-12.85%	16.84%
FLFGX Meeder Global Allocation Fund	10.53%	18.82%	22.53%	15.37%	-12.93%	12.57%	2.99%	13.17%	-6.93%	22.34%

Correlation

The correlation between GLBIX and FLFGX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009	0.87

The correlation between GLBIX and FLFGX has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

Return for Risk

GLBIX vs. FLFGX — Risk / Return Rank

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

GLBIX

GLBIX Risk / Return Rank: 89
GLBIX Sharpe Ratio Rank: 93
GLBIX Sortino Ratio Rank: 90
GLBIX Omega Ratio Rank: 87
GLBIX Calmar Ratio Rank: 89
GLBIX Martin Ratio Rank: 85

FLFGX

FLFGX Risk / Return Rank: 52
FLFGX Sharpe Ratio Rank: 49
FLFGX Sortino Ratio Rank: 47
FLFGX Omega Ratio Rank: 47
FLFGX Calmar Ratio Rank: 54
FLFGX Martin Ratio Rank: 63

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.

GLBIX vs. FLFGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leuthold Global Fund (GLBIX) and Meeder Global Allocation Fund (FLFGX). 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.

	GLBIX	FLFGX	Difference
Sharpe ratio: Return per unit of total volatility	2.76	1.82	+0.95
Sortino ratio: Return per unit of downside risk	3.93	2.53	+1.39
Omega ratio: Gain probability vs. loss probability	1.54	1.33	+0.21
Calmar ratio: Return relative to maximum drawdown	3.98	2.60	+1.38
Martin ratio: Return relative to average drawdown	14.03	11.22	+2.81

GLBIX vs. FLFGX - Sharpe Ratio Comparison

The current GLBIX Sharpe Ratio is 2.76, which is higher than the FLFGX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of GLBIX and FLFGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLBIX vs. FLFGX - Drawdown Comparison

The maximum GLBIX drawdown since its inception was -26.82%, smaller than the maximum FLFGX drawdown of -60.31%. Use the drawdown chart below to compare losses from any high point for GLBIX and FLFGX.

Drawdown Indicators

	GLBIX	FLFGX	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-60.31%	+33.49%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-8.89%	+2.50%
Max Drawdown (3Y) Largest decline over 3 years	-6.39%	-14.63%	+8.24%
Max Drawdown (5Y) Largest decline over 5 years	-16.14%	-28.54%	+12.40%
Max Drawdown (10Y) Largest decline over 10 years	-26.82%	-28.54%	+1.72%
Current Drawdown Current decline from peak	-1.56%	-2.11%	+0.55%
Average Drawdown Average peak-to-trough decline	-4.85%	-11.44%	+6.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	2.06%	-0.25%

Volatility

GLBIX vs. FLFGX - Volatility Comparison

The current volatility for Leuthold Global Fund (GLBIX) is 4.41%, while Meeder Global Allocation Fund (FLFGX) has a volatility of 5.41%. This indicates that GLBIX experiences smaller price fluctuations and is considered to be less risky than FLFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLBIX	FLFGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	5.41%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	7.97%	10.54%	-2.57%
Volatility (1Y) Calculated over the trailing 1-year period	9.22%	12.75%	-3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.18%	15.34%	-6.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.58%	13.86%	-4.28%

GLBIX vs. FLFGX - Expense Ratio Comparison

GLBIX has a 1.57% expense ratio, which is lower than FLFGX's 1.81% expense ratio.

Dividends

GLBIX vs. FLFGX - Dividend Comparison

GLBIX's dividend yield for the trailing twelve months is around 8.52%, less than FLFGX's 12.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLFGX Meeder Global Allocation Fund	12.81%	14.35%	25.20%	1.64%	0.77%	11.13%	2.22%	2.12%	5.05%	1.41%	1.14%	3.15%
GLBIX Leuthold Global Fund	8.52%	9.71%	8.31%	2.52%	5.18%	1.89%	0.25%	1.04%	8.48%	9.31%	9.66%	3.75%

Frequently Asked Questions

Can I hold both GLBIX and FLFGX in my portfolio?

GLBIX and FLFGX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLBIX or FLFGX?

FLFGX has higher volatility (5.41%) compared to GLBIX (4.41%). In terms of maximum drawdown, GLBIX dropped -26.82% vs FLFGX's -60.31%.

Which has better risk-adjusted returns?

GLBIX currently has the higher Sharpe Ratio (2.76 vs 1.82), 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.