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GWPAX vs. ALTY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.6

Performance

GWPAX vs. ALTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Growth Portfolio Class A (GWPAX) and Global X Alternative Income ETF (ALTY). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
7.68%
7.47%
GWPAX
ALTY

Key characteristics

Sharpe Ratio

GWPAX:

1.69

ALTY:

1.32

Sortino Ratio

GWPAX:

2.27

ALTY:

1.85

Omega Ratio

GWPAX:

1.31

ALTY:

1.24

Calmar Ratio

GWPAX:

2.12

ALTY:

2.36

Martin Ratio

GWPAX:

10.63

ALTY:

8.59

Ulcer Index

GWPAX:

2.22%

ALTY:

1.23%

Daily Std Dev

GWPAX:

13.97%

ALTY:

8.02%

Max Drawdown

GWPAX:

-34.15%

ALTY:

-51.47%

Current Drawdown

GWPAX:

-3.60%

ALTY:

-2.89%

Returns By Period

In the year-to-date period, GWPAX achieves a 21.17% return, which is significantly higher than ALTY's 10.58% return.


GWPAX

YTD

21.17%

1M

0.71%

6M

7.68%

1Y

21.92%

5Y*

11.20%

10Y*

10.69%

ALTY

YTD

10.58%

1M

-1.34%

6M

7.47%

1Y

9.77%

5Y*

3.01%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


GWPAX vs. ALTY - Expense Ratio Comparison

GWPAX has a 0.73% expense ratio, which is higher than ALTY's 0.50% expense ratio.


GWPAX
American Funds Growth Portfolio Class A
Expense ratio chart for GWPAX: current value at 0.73% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.73%
Expense ratio chart for ALTY: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

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.


Sharpe ratio
The chart of Sharpe ratio for GWPAX, currently valued at 1.69, compared to the broader market-1.000.001.002.003.004.001.691.32
The chart of Sortino ratio for GWPAX, currently valued at 2.27, compared to the broader market-2.000.002.004.006.008.0010.002.271.85
The chart of Omega ratio for GWPAX, currently valued at 1.31, compared to the broader market0.501.001.502.002.503.003.501.311.24
The chart of Calmar ratio for GWPAX, currently valued at 2.12, compared to the broader market0.002.004.006.008.0010.0012.0014.002.122.36
The chart of Martin ratio for GWPAX, currently valued at 10.63, compared to the broader market0.0020.0040.0060.0010.638.59
GWPAX
ALTY

The current GWPAX Sharpe Ratio is 1.69, which is comparable to the ALTY Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of GWPAX and ALTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.69
1.32
GWPAX
ALTY

Dividends

GWPAX vs. ALTY - Dividend Comparison

GWPAX's dividend yield for the trailing twelve months is around 0.58%, less than ALTY's 7.26% yield.


TTM20232022202120202019201820172016201520142013
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
7.26%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.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.60%
-2.89%
GWPAX
ALTY

Volatility

GWPAX vs. ALTY - Volatility Comparison

American Funds Growth Portfolio Class A (GWPAX) has a higher volatility of 4.48% compared to Global X Alternative Income ETF (ALTY) at 2.06%. 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.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
4.48%
2.06%
GWPAX
ALTY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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