MECVX vs. GAOAX

Last updated Jun 4, 2026

MECVX (MainStay Epoch Capital Growth Fund) and GAOAX (JPMorgan Global Allocation Fund A) are both Global Equities funds. Over the past 5 years, MECVX returned 9.45%/yr vs 3.10%/yr for GAOAX. Their correlation of 0.91 suggests significant overlap in exposure. MECVX charges 1.39%/yr vs 1.04%/yr for GAOAX.

Performance

MECVX vs. GAOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MainStay Epoch Capital Growth Fund (MECVX) and JPMorgan Global Allocation Fund A (GAOAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MECVX achieves a 6.97% return, which is significantly higher than GAOAX's 5.47% return.

MECVX

• 1D: 0.31%
• 1M: 2.82%
• YTD: 6.97%
• 6M: 6.67%
• 1Y: 17.70%
• 3Y*: 14.82%
• 5Y*: 9.45%
• 10Y*: —

GAOAX

• 1D: 0.37%
• 1M: 3.44%
• YTD: 5.47%
• 6M: 6.01%
• 1Y: 15.60%
• 3Y*: 11.82%
• 5Y*: 3.10%
• 10Y*: 6.50%

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

MECVX vs. GAOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MECVX MainStay Epoch Capital Growth Fund	6.97%	13.10%	10.52%	29.35%	-19.63%	25.00%	29.21%	34.56%	-8.92%	26.65%
GAOAX JPMorgan Global Allocation Fund A	5.47%	14.68%	7.91%	12.69%	-18.74%	3.60%	15.29%	15.95%	-6.07%	16.82%

Correlation

The correlation between MECVX and GAOAX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jul 7, 2016	0.91

The correlation between MECVX and GAOAX has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

Return for Risk

MECVX vs. GAOAX — Risk / Return Rank

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

MECVX

MECVX Risk / Return Rank: 26
MECVX Sharpe Ratio Rank: 26
MECVX Sortino Ratio Rank: 25
MECVX Omega Ratio Rank: 24
MECVX Calmar Ratio Rank: 24
MECVX Martin Ratio Rank: 32

GAOAX

GAOAX Risk / Return Rank: 29
GAOAX Sharpe Ratio Rank: 32
GAOAX Sortino Ratio Rank: 30
GAOAX Omega Ratio Rank: 32
GAOAX Calmar Ratio Rank: 23
GAOAX Martin Ratio Rank: 30

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.

MECVX vs. GAOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay Epoch Capital Growth Fund (MECVX) and JPMorgan Global Allocation Fund A (GAOAX). 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.

	MECVX	GAOAX	Difference
Sharpe ratio Return per unit of total volatility	1.47	1.62	-0.15
Sortino ratio Return per unit of downside risk	2.08	2.28	-0.19
Omega ratio Gain probability vs. loss probability	1.26	1.30	-0.04
Calmar ratio Return relative to maximum drawdown	1.82	1.75	+0.07
Martin ratio Return relative to average drawdown	7.23	6.98	+0.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MECVX vs. GAOAX - Sharpe Ratio Comparison

The current MECVX Sharpe Ratio is 1.47, which is comparable to the GAOAX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of MECVX and GAOAX, 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

	MECVX	GAOAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	1.62	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.28	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.61	+0.22

Drawdowns

MECVX vs. GAOAX - Drawdown Comparison

The maximum MECVX drawdown since its inception was -30.36%, roughly equal to the maximum GAOAX drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for MECVX and GAOAX.

Drawdown Indicators

	MECVX	GAOAX	Difference
Max Drawdown Largest peak-to-trough decline	-30.36%	-29.02%	-1.34%
Max Drawdown (1Y) Largest decline over 1 year	-10.06%	-8.95%	-1.11%
Max Drawdown (3Y) Largest decline over 3 years	-16.57%	-10.87%	-5.70%
Max Drawdown (5Y) Largest decline over 5 years	-29.51%	-29.02%	-0.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.02%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.93%	-5.96%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	2.24%	+0.29%

Volatility

MECVX vs. GAOAX - Volatility Comparison

MainStay Epoch Capital Growth Fund (MECVX) and JPMorgan Global Allocation Fund A (GAOAX) have volatilities of 2.70% and 2.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MECVX	GAOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	2.81%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	9.66%	7.96%	+1.70%
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	9.70%	+2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.42%	11.10%	+5.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.83%	10.88%	+5.95%

MECVX vs. GAOAX - Expense Ratio Comparison

MECVX has a 1.39% expense ratio, which is higher than GAOAX's 1.04% expense ratio.

Dividends

MECVX vs. GAOAX - Dividend Comparison

MECVX's dividend yield for the trailing twelve months is around 7.59%, less than GAOAX's 9.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GAOAX JPMorgan Global Allocation Fund A	9.15%	10.15%	2.34%	0.00%	4.62%	4.61%	1.54%	2.43%	2.52%	2.95%	2.59%	0.96%
MECVX MainStay Epoch Capital Growth Fund	7.59%	8.12%	4.30%	0.32%	1.01%	28.36%	19.49%	9.87%	7.96%	3.31%	0.22%	0.00%

Frequently Asked Questions

Can I hold both MECVX and GAOAX in my portfolio?

With a correlation of 0.91, MECVX and GAOAX 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, MECVX or GAOAX?

GAOAX has higher volatility (2.81%) compared to MECVX (2.70%). In terms of maximum drawdown, MECVX dropped -30.36% vs GAOAX's -29.02%.

Which has better risk-adjusted returns?

GAOAX currently has the higher Sharpe Ratio (1.62 vs 1.47), 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.