JBALX vs. TRULX

Last updated Jun 4, 2026

JBALX (JPMorgan Global Allocation Fund Class A) and TRULX (T. Rowe Price US Large-Cap Core) are both mutual funds - JBALX is a Global Allocation fund managed by JPMorgan, while TRULX is a Large Cap Blend Equities fund actively managed by T. Rowe Price. Over the past 10 years, JBALX returned 11.06%/yr vs 13.53%/yr for TRULX. Their correlation of 0.94 suggests significant overlap in exposure. JBALX charges 0.96%/yr vs 0.64%/yr for TRULX.

Performance

JBALX vs. TRULX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Global Allocation Fund Class A (JBALX) and T. Rowe Price US Large-Cap Core (TRULX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JBALX achieves a 3.95% return, which is significantly lower than TRULX's 9.11% return. Over the past 10 years, JBALX has underperformed TRULX with an annualized return of 11.06%, while TRULX has yielded a comparatively higher 13.53% annualized return.

JBALX

• 1D: 0.00%
• 1M: 3.16%
• YTD: 3.95%
• 6M: 3.97%
• 1Y: 15.23%
• 3Y*: 15.83%
• 5Y*: 9.08%
• 10Y*: 11.06%

TRULX

• 1D: 0.36%
• 1M: 3.45%
• YTD: 9.11%
• 6M: 8.76%
• 1Y: 20.44%
• 3Y*: 19.79%
• 5Y*: 11.98%
• 10Y*: 13.53%

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

JBALX vs. TRULX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JBALX JPMorgan Global Allocation Fund Class A	3.95%	15.00%	20.78%	15.45%	-16.56%	17.28%	14.40%	21.88%	0.71%	17.83%
TRULX T. Rowe Price US Large-Cap Core	9.11%	12.80%	22.97%	22.61%	-15.14%	25.57%	15.57%	29.51%	-3.38%	19.85%

Correlation

The correlation between JBALX and TRULX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 29, 2009	0.94

The correlation between JBALX and TRULX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

JBALX vs. TRULX — Risk / Return Rank

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

JBALX

JBALX Risk / Return Rank: 36
JBALX Sharpe Ratio Rank: 38
JBALX Sortino Ratio Rank: 39
JBALX Omega Ratio Rank: 37
JBALX Calmar Ratio Rank: 27
JBALX Martin Ratio Rank: 38

TRULX

TRULX Risk / Return Rank: 45
TRULX Sharpe Ratio Rank: 44
TRULX Sortino Ratio Rank: 42
TRULX Omega Ratio Rank: 43
TRULX Calmar Ratio Rank: 42
TRULX Martin Ratio Rank: 55

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.

JBALX vs. TRULX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Allocation Fund Class A (JBALX) and T. Rowe Price US Large-Cap Core (TRULX). 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.

	JBALX	TRULX	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.92	-0.12
Sortino ratio: Return per unit of downside risk	2.59	2.69	-0.10
Omega ratio: Gain probability vs. loss probability	1.33	1.35	-0.03
Calmar ratio: Return relative to maximum drawdown	1.93	2.46	-0.52
Martin ratio: Return relative to average drawdown	8.35	11.09	-2.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JBALX vs. TRULX - Sharpe Ratio Comparison

The current JBALX Sharpe Ratio is 1.81, which is comparable to the TRULX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of JBALX and TRULX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JBALX	TRULX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	1.92	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.75	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.99	0.80	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.87	-0.20

Drawdowns

JBALX vs. TRULX - Drawdown Comparison

The maximum JBALX drawdown since its inception was -33.98%, roughly equal to the maximum TRULX drawdown of -33.68%. Use the drawdown chart below to compare losses from any high point for JBALX and TRULX.

Drawdown Indicators

	JBALX	TRULX	Difference
Max Drawdown Largest peak-to-trough decline	-33.98%	-33.68%	-0.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-8.57%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	-11.93%	-17.23%	+5.30%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	-22.91%	+1.41%
Max Drawdown (10Y) Largest decline over 10 years	-22.49%	-33.68%	+11.19%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.43%	-3.64%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.90%	-0.03%

Volatility

JBALX vs. TRULX - Volatility Comparison

The current volatility for JPMorgan Global Allocation Fund Class A (JBALX) is 2.45%, while T. Rowe Price US Large-Cap Core (TRULX) has a volatility of 2.96%. This indicates that JBALX experiences smaller price fluctuations and is considered to be less risky than TRULX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JBALX	TRULX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	2.96%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	6.91%	8.41%	-1.50%
Volatility (1Y) Calculated over the trailing 1-year period	8.70%	10.96%	-2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.33%	15.96%	-4.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.24%	16.99%	-5.75%

JBALX vs. TRULX - Expense Ratio Comparison

JBALX has a 0.96% expense ratio, which is higher than TRULX's 0.64% expense ratio.

Dividends

JBALX vs. TRULX - Dividend Comparison

JBALX's dividend yield for the trailing twelve months is around 8.51%, more than TRULX's 7.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JBALX JPMorgan Global Allocation Fund Class A	8.51%	8.80%	11.84%	2.28%	2.00%	4.54%	2.54%	2.33%	7.14%	4.69%	4.55%	5.87%
TRULX T. Rowe Price US Large-Cap Core	7.12%	7.77%	6.66%	0.45%	4.27%	7.28%	0.85%	3.55%	7.89%	2.10%	0.94%	5.23%

Frequently Asked Questions

Can I hold both JBALX and TRULX in my portfolio?

With a correlation of 0.92, JBALX and TRULX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JBALX or TRULX?

TRULX has higher volatility (2.96%) compared to JBALX (2.45%). In terms of maximum drawdown, JBALX dropped -33.98% vs TRULX's -33.68%.

Which has better risk-adjusted returns?

TRULX currently has the higher Sharpe Ratio (1.92 vs 1.80), 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.