GWPAX vs. ALTY
Compare and contrast key facts about American Funds Growth Portfolio Class A (GWPAX) and Global X Alternative Income ETF (ALTY).
GWPAX is managed by American Funds. It was launched on May 18, 2012. ALTY is a passively managed fund by Global X that tracks the performance of the Indxx SuperDividend Alternatives Index. It was launched on Jul 14, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GWPAX or ALTY.
Key characteristics
| GWPAX | ALTY | |
|---|---|---|
| YTD Return | 21.04% | 11.66% |
| 1Y Return | 30.83% | 17.22% |
| 3Y Return (Ann) | 3.50% | 2.95% |
| 5Y Return (Ann) | 12.12% | 3.70% |
| Sharpe Ratio | 2.29 | 2.22 |
| Sortino Ratio | 3.08 | 3.09 |
| Omega Ratio | 1.41 | 1.42 |
| Calmar Ratio | 1.95 | 2.24 |
| Martin Ratio | 14.53 | 15.65 |
| Ulcer Index | 2.14% | 1.14% |
| Daily Std Dev | 13.55% | 8.05% |
| Max Drawdown | -34.15% | -51.47% |
| Current Drawdown | -1.82% | -1.16% |
Correlation
The correlation between GWPAX and ALTY is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GWPAX vs. ALTY - Performance Comparison
In the year-to-date period, GWPAX achieves a 21.04% return, which is significantly higher than ALTY's 11.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GWPAX vs. ALTY - Expense Ratio Comparison
GWPAX has a 0.73% expense ratio, which is higher than ALTY's 0.50% expense ratio.
Risk-Adjusted Performance
GWPAX vs. ALTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Growth Portfolio Class A (GWPAX) and Global X Alternative Income ETF (ALTY). 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.
Dividends
GWPAX vs. ALTY - Dividend Comparison
GWPAX's dividend yield for the trailing twelve months is around 0.58%, less than ALTY's 7.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWPAX American Funds Growth Portfolio Class A | 0.58% | 0.70% | 0.35% | 0.03% | 0.44% | 0.84% | 1.00% | 0.70% | 1.01% | 0.73% | 3.99% | 1.36% |
ALTY Global X Alternative Income ETF | 7.09% | 7.29% | 7.66% | 6.90% | 9.21% | 8.75% | 8.48% | 7.54% | 8.22% | 4.22% | 0.00% | 0.00% |
Drawdowns
GWPAX vs. ALTY - Drawdown Comparison
The maximum GWPAX drawdown since its inception was -34.15%, smaller than the maximum ALTY drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for GWPAX and ALTY. For additional features, visit the drawdowns tool.
Volatility
GWPAX vs. ALTY - Volatility Comparison
American Funds Growth Portfolio Class A (GWPAX) has a higher volatility of 3.72% compared to Global X Alternative Income ETF (ALTY) at 2.15%. This indicates that GWPAX's price experiences larger fluctuations and is considered to be riskier than ALTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.