JGASX vs. GLVAX

Last updated Aug 1, 2026

JGASX (JPMorgan Growth Advantage Fund Class A) and GLVAX (Invesco Global Focus Fund Class A) are both mutual funds - JGASX is a Large Cap Growth Equities fund actively managed by JPMorgan, while GLVAX is a Global Equities fund actively managed by Invesco. Both are actively managed. Over the past 10 years, JGASX returned 18.17%/yr vs 11.41%/yr for GLVAX. Their correlation of 0.87 means they have usually moved in the same direction. JGASX charges 0.74%/yr vs 1.23%/yr for GLVAX.

Performance

JGASX vs. GLVAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Growth Advantage Fund Class A (JGASX) and Invesco Global Focus Fund Class A (GLVAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JGASX achieves a -1.58% return, which is significantly lower than GLVAX's 4.24% return. Over the past 10 years, JGASX has outperformed GLVAX with an annualized return of 18.17%, while GLVAX has yielded a comparatively lower 11.41% annualized return.

JGASX

• 1D: 2.67%
• 1M: -3.90%
• 6M: 0.15%
• YTD: -1.58%
• 1Y: 5.83%
• 3Y*: 19.03%
• 5Y*: 10.68%
• 10Y*: 18.17%
• ALL TIME*: 13.56%

GLVAX

• 1D: 2.33%
• 1M: -4.33%
• 6M: 2.18%
• YTD: 4.24%
• 1Y: 11.75%
• 3Y*: 13.40%
• 5Y*: 2.74%
• 10Y*: 11.41%
• ALL TIME*: 11.34%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GLVAX Invesco Global Focus Fund Class A	$0.00	$0.00	$0.00
JGASX JPMorgan Growth Advantage Fund Class A	$0.00	$0.00	$0.00

JGASX vs. GLVAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JGASX JPMorgan Growth Advantage Fund Class A	-1.58%	15.79%	38.95%	40.17%	-30.05%	21.89%	53.67%	36.24%	-1.28%	35.51%
GLVAX Invesco Global Focus Fund Class A	4.24%	14.23%	20.78%	36.99%	-37.89%	3.46%	56.25%	31.65%	-10.02%	25.09%

Correlation

The correlation between JGASX and GLVAX is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.87

The correlation between JGASX and GLVAX has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

Return for Risk

JGASX vs. GLVAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JGASX

JGASX Risk / Return Rank: 7
JGASX Sharpe Ratio Rank: 7
JGASX Sortino Ratio Rank: 7
JGASX Omega Ratio Rank: 7
JGASX Calmar Ratio Rank: 7
JGASX Martin Ratio Rank: 7

GLVAX

GLVAX Risk / Return Rank: 12
GLVAX Sharpe Ratio Rank: 12
GLVAX Sortino Ratio Rank: 12
GLVAX Omega Ratio Rank: 12
GLVAX Calmar Ratio Rank: 12
GLVAX Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JGASX vs. GLVAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Growth Advantage Fund Class A (JGASX) and Invesco Global Focus Fund Class A (GLVAX). 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.

	JGASX	GLVAX	Difference
Sharpe ratio: Return per unit of total volatility	0.23	0.51	-0.28
Sortino ratio: Return per unit of downside risk	0.45	0.85	-0.40
Omega ratio: Gain probability vs. loss probability	1.05	1.10	-0.05
Calmar ratio: Return relative to maximum drawdown	0.26	0.62	-0.36
Martin ratio: Return relative to average drawdown	0.77	2.04	-1.26

JGASX vs. GLVAX - Sharpe Ratio Comparison

The current JGASX Sharpe Ratio is 0.23, which is lower than the GLVAX Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of JGASX and GLVAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JGASX vs. GLVAX - Drawdown Comparison

The maximum JGASX drawdown since its inception was -53.92%, which is greater than GLVAX's maximum drawdown of -49.69%. Use the drawdown chart below to compare losses from any high point for JGASX and GLVAX.

Drawdown Indicators

	JGASX	GLVAX	Difference
Max Drawdown Largest peak-to-trough decline	-53.92%	-49.69%	-4.23%
Max Drawdown (1Y) Largest decline over 1 year	-15.68%	-16.24%	+0.56%
Max Drawdown (3Y) Largest decline over 3 years	-24.35%	-22.72%	-1.63%
Max Drawdown (5Y) Largest decline over 5 years	-35.09%	-49.69%	+14.60%
Max Drawdown (10Y) Largest decline over 10 years	-35.09%	-49.69%	+14.60%
Current Drawdown Current decline from peak	-8.71%	-7.15%	-1.56%
Average Drawdown Average peak-to-trough decline	-8.81%	-9.56%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.36%	4.72%	+0.64%

Volatility

JGASX vs. GLVAX - Volatility Comparison

JPMorgan Growth Advantage Fund Class A (JGASX) has a higher volatility of 6.68% compared to Invesco Global Focus Fund Class A (GLVAX) at 5.70%. This indicates that JGASX's price experiences larger fluctuations and is considered to be riskier than GLVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JGASX	GLVAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.68%	5.70%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	14.33%	16.03%	-1.70%
Volatility (1Y) Calculated over the trailing 1-year period	17.77%	19.68%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.67%	23.79%	-1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.25%	22.65%	-0.40%

JGASX vs. GLVAX - Expense Ratio Comparison

JGASX has a 0.74% expense ratio, which is lower than GLVAX's 1.23% expense ratio.

Dividends

JGASX vs. GLVAX - Dividend Comparison

JGASX's dividend yield for the trailing twelve months is around 11.96%, less than GLVAX's 12.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLVAX Invesco Global Focus Fund Class A	12.35%	12.87%	1.59%	0.00%	0.00%	4.04%	4.56%	10.03%	4.26%	1.84%	0.00%	0.00%
JGASX JPMorgan Growth Advantage Fund Class A	11.96%	11.77%	11.84%	0.60%	0.40%	14.74%	10.07%	9.58%	9.61%	4.13%	0.00%	3.47%

Frequently Asked Questions

Can I hold both JGASX and GLVAX in my portfolio?

JGASX and GLVAX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JGASX or GLVAX?

JGASX has higher volatility (6.68%) compared to GLVAX (5.70%). In terms of maximum drawdown, JGASX dropped -53.92% vs GLVAX's -49.69%.

Which has better risk-adjusted returns?

GLVAX currently has the higher Sharpe Ratio (0.51 vs 0.23), 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.