JBALX vs. DMO
JBALX (JPMorgan Global Allocation Fund Class A) and DMO (Dimensional Multi-Asset Fund) are both Global Allocation funds. Over the past 10 years, JBALX returned 10.69%/yr vs 3.75%/yr for DMO. Their 0.23 correlation means their historical movements had little consistent relationship. JBALX charges 0.96%/yr vs 0.04%/yr for DMO.
Performance
JBALX vs. DMO - Performance Comparison
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Returns By Period
In the year-to-date period, JBALX achieves a 3.19% return, which is significantly higher than DMO's 0.98% return. Over the past 10 years, JBALX has outperformed DMO with an annualized return of 10.69%, while DMO has yielded a comparatively lower 3.75% annualized return.
JBALX
- 1D
- 1.52%
- 1M
- -0.34%
- 6M
- 2.60%
- YTD
- 3.19%
- 1Y
- 9.45%
- 3Y*
- 14.18%
- 5Y*
- 7.78%
- 10Y*
- 10.69%
- ALL TIME*
- 7.21%
DMO
- 1D
- -0.10%
- 1M
- -2.44%
- 6M
- 0.79%
- YTD
- 0.98%
- 1Y
- -0.66%
- 3Y*
- 11.17%
- 5Y*
- 4.03%
- 10Y*
- 3.75%
- ALL TIME*
- 8.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $406.77K | $422.33K | $418.75K | |
| $0.00 | $0.00 | $0.00 |
JBALX vs. DMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JBALX JPMorgan Global Allocation Fund Class A | 3.19% | 15.00% | 20.78% | 15.45% | -16.56% | 17.28% | 14.40% | 21.88% | 0.71% | 17.83% |
DMO Dimensional Multi-Asset Fund | 0.98% | 6.95% | 20.24% | 16.79% | -21.64% | 17.12% | -22.32% | 9.10% | -2.04% | 23.46% |
Correlation
The correlation between JBALX and DMO is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2010 | 0.23 |
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Return for Risk
JBALX vs. DMO — Risk / Return Rank
JBALX
DMO
JBALX vs. DMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Allocation Fund Class A (JBALX) and Dimensional Multi-Asset Fund (DMO). 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.
| JBALX | DMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.00 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | -0.05 | +1.10 |
| Martin ratioReturn relative to average drawdown | 4.43 | -0.12 | +4.56 |
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Drawdowns
JBALX vs. DMO - Drawdown Comparison
The maximum JBALX drawdown since its inception was -33.98%, smaller than the maximum DMO drawdown of -49.16%. Use the drawdown chart below to compare losses from any high point for JBALX and DMO.
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Drawdown Indicators
| JBALX | DMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.98% | -49.16% | +15.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -8.37% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -11.93% | -9.04% | -2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -29.04% | +7.54% |
Max Drawdown (10Y)Largest decline over 10 years | -22.49% | -49.16% | +26.67% |
Current DrawdownCurrent decline from peak | -0.90% | -5.13% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -9.55% | +4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 3.58% | -1.66% |
Volatility
JBALX vs. DMO - Volatility Comparison
JPMorgan Global Allocation Fund Class A (JBALX) has a higher volatility of 2.66% compared to Dimensional Multi-Asset Fund (DMO) at 1.47%. This indicates that JBALX's price experiences larger fluctuations and is considered to be riskier than DMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JBALX | DMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 1.47% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.68% | 7.76% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.46% | 10.06% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.45% | 12.64% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.28% | 19.91% | -8.63% |
JBALX vs. DMO - Expense Ratio Comparison
JBALX has a 0.96% expense ratio, which is higher than DMO's 0.04% expense ratio.
Dividends
JBALX vs. DMO - Dividend Comparison
JBALX's dividend yield for the trailing twelve months is around 8.56%, less than DMO's 14.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMO Dimensional Multi-Asset Fund | 14.31% | 14.01% | 12.92% | 11.46% | 11.51% | 8.88% | 10.95% | 9.63% | 18.93% | 13.30% | 13.19% | 14.09% |
JBALX JPMorgan Global Allocation Fund Class A | 8.56% | 8.80% | 11.84% | 2.28% | 2.00% | 4.54% | 2.54% | 2.33% | 7.14% | 4.69% | 4.55% | 5.87% |
Frequently Asked Questions
JBALX and DMO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JBALX has higher volatility (2.66%) compared to DMO (1.47%). In terms of maximum drawdown, JBALX dropped -33.98% vs DMO's -49.16%.
JBALX currently has the higher Sharpe Ratio (0.90 vs -0.04), 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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