HGLB vs. JBALX
Compare and contrast key facts about Highland Global Allocation Fund (HGLB) and JPMorgan Global Allocation Fund Class A (JBALX).
HGLB is managed by Highland Funds. It was launched on Jan 5, 1998. JBALX is managed by JPMorgan. It was launched on Dec 31, 1991.
Performance
HGLB vs. JBALX - Performance Comparison
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HGLB vs. JBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HGLB Highland Global Allocation Fund | -8.19% | 51.74% | -1.52% | -6.15% | 14.53% | 53.22% | -17.98% | -31.46% |
JBALX JPMorgan Global Allocation Fund Class A | -5.36% | 15.00% | 20.78% | 15.45% | -16.56% | 17.28% | 14.40% | 15.10% |
Returns By Period
In the year-to-date period, HGLB achieves a -8.19% return, which is significantly lower than JBALX's -5.36% return.
HGLB
- 1D
- 1.37%
- 1M
- -9.86%
- YTD
- -8.19%
- 6M
- -4.95%
- 1Y
- 9.83%
- 3Y*
- 9.35%
- 5Y*
- 13.28%
- 10Y*
- —
JBALX
- 1D
- 1.58%
- 1M
- -4.89%
- YTD
- -5.36%
- 6M
- -4.13%
- 1Y
- 10.65%
- 3Y*
- 12.97%
- 5Y*
- 7.67%
- 10Y*
- 10.14%
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HGLB vs. JBALX - Expense Ratio Comparison
HGLB has a 0.02% expense ratio, which is lower than JBALX's 0.96% expense ratio.
Return for Risk
HGLB vs. JBALX — Risk / Return Rank
HGLB
JBALX
HGLB vs. JBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Highland Global Allocation Fund (HGLB) and JPMorgan Global Allocation Fund Class A (JBALX). 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.
| HGLB | JBALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 0.92 | -0.53 |
Sortino ratioReturn per unit of downside risk | 0.71 | 1.41 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.44 | 1.41 | -0.97 |
Martin ratioReturn relative to average drawdown | 1.16 | 5.59 | -4.43 |
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
| HGLB | JBALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 0.92 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.68 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.63 | -0.51 |
Correlation
The correlation between HGLB and JBALX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HGLB vs. JBALX - Dividend Comparison
HGLB's dividend yield for the trailing twelve months is around 12.86%, more than JBALX's 8.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGLB Highland Global Allocation Fund | 12.86% | 11.57% | 14.27% | 12.82% | 10.32% | 9.39% | 15.44% | 11.35% | 0.00% | 0.00% | 0.00% | 0.00% |
JBALX JPMorgan Global Allocation Fund Class A | 8.81% | 8.80% | 11.84% | 2.28% | 2.00% | 4.54% | 2.54% | 2.91% | 7.14% | 4.69% | 4.55% | 5.87% |
Drawdowns
HGLB vs. JBALX - Drawdown Comparison
The maximum HGLB drawdown since its inception was -70.40%, which is greater than JBALX's maximum drawdown of -33.98%. Use the drawdown chart below to compare losses from any high point for HGLB and JBALX.
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Drawdown Indicators
| HGLB | JBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.40% | -33.98% | -36.42% |
Max Drawdown (1Y)Largest decline over 1 year | -23.34% | -8.12% | -15.22% |
Max Drawdown (5Y)Largest decline over 5 years | -29.88% | -21.50% | -8.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.49% | — |
Current DrawdownCurrent decline from peak | -18.32% | -6.67% | -11.65% |
Average DrawdownAverage peak-to-trough decline | -18.21% | -5.47% | -12.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.85% | 2.04% | +6.81% |
Volatility
HGLB vs. JBALX - Volatility Comparison
Highland Global Allocation Fund (HGLB) has a higher volatility of 8.27% compared to JPMorgan Global Allocation Fund Class A (JBALX) at 3.80%. This indicates that HGLB's price experiences larger fluctuations and is considered to be riskier than JBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGLB | JBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.27% | 3.80% | +4.47% |
Volatility (6M)Calculated over the trailing 6-month period | 18.22% | 6.64% | +11.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.37% | 12.09% | +13.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.36% | 11.30% | +11.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.92% | 11.20% | +16.72% |