MGFAX vs. GAOAX
Compare and contrast key facts about MassMutual Global Fund (MGFAX) and JPMorgan Global Allocation Fund A (GAOAX).
MGFAX is managed by MassMutual. It was launched on Dec 30, 2004. GAOAX is managed by JPMorgan. It was launched on May 31, 2011.
Performance
MGFAX vs. GAOAX - Performance Comparison
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MGFAX vs. GAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGFAX MassMutual Global Fund | -10.06% | 14.37% | 15.01% | 33.87% | -32.08% | 19.60% | 27.18% | 30.67% | -14.19% | 35.30% |
GAOAX JPMorgan Global Allocation Fund A | -3.89% | 14.68% | 7.91% | 12.69% | -18.74% | 3.60% | 15.29% | 15.95% | -6.07% | 16.82% |
Returns By Period
In the year-to-date period, MGFAX achieves a -10.06% return, which is significantly lower than GAOAX's -3.89% return. Over the past 10 years, MGFAX has outperformed GAOAX with an annualized return of 10.26%, while GAOAX has yielded a comparatively lower 5.74% annualized return.
MGFAX
- 1D
- 3.98%
- 1M
- -6.31%
- YTD
- -10.06%
- 6M
- -7.68%
- 1Y
- 8.60%
- 3Y*
- 11.68%
- 5Y*
- 4.54%
- 10Y*
- 10.26%
GAOAX
- 1D
- 1.47%
- 1M
- -6.40%
- YTD
- -3.89%
- 6M
- -2.79%
- 1Y
- 9.60%
- 3Y*
- 8.41%
- 5Y*
- 1.86%
- 10Y*
- 5.74%
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MGFAX vs. GAOAX - Expense Ratio Comparison
MGFAX has a 1.41% expense ratio, which is higher than GAOAX's 1.04% expense ratio.
Return for Risk
MGFAX vs. GAOAX — Risk / Return Rank
MGFAX
GAOAX
MGFAX vs. GAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Global Fund (MGFAX) 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.
| MGFAX | GAOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 0.86 | -0.41 |
Sortino ratioReturn per unit of downside risk | 0.79 | 1.24 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.17 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.10 | -0.57 |
Martin ratioReturn relative to average drawdown | 2.01 | 4.47 | -2.47 |
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
| MGFAX | GAOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.86 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.17 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.53 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.54 | -0.25 |
Correlation
The correlation between MGFAX and GAOAX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MGFAX vs. GAOAX - Dividend Comparison
MGFAX's dividend yield for the trailing twelve months is around 48.54%, more than GAOAX's 10.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGFAX MassMutual Global Fund | 48.54% | 43.66% | 16.85% | 30.43% | 28.11% | 15.89% | 5.05% | 0.36% | 27.78% | 12.10% | 3.75% | 8.25% |
GAOAX JPMorgan Global Allocation Fund A | 10.04% | 10.15% | 2.34% | 0.00% | 4.62% | 4.61% | 1.54% | 2.43% | 2.52% | 2.95% | 2.59% | 0.96% |
Drawdowns
MGFAX vs. GAOAX - Drawdown Comparison
The maximum MGFAX drawdown since its inception was -62.06%, which is greater than GAOAX's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for MGFAX and GAOAX.
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Drawdown Indicators
| MGFAX | GAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.06% | -29.02% | -33.04% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -8.95% | -7.43% |
Max Drawdown (5Y)Largest decline over 5 years | -46.09% | -29.02% | -17.07% |
Max Drawdown (10Y)Largest decline over 10 years | -46.09% | -29.02% | -17.07% |
Current DrawdownCurrent decline from peak | -13.05% | -7.61% | -5.44% |
Average DrawdownAverage peak-to-trough decline | -13.68% | -6.01% | -7.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 2.20% | +2.15% |
Volatility
MGFAX vs. GAOAX - Volatility Comparison
MassMutual Global Fund (MGFAX) has a higher volatility of 7.20% compared to JPMorgan Global Allocation Fund A (GAOAX) at 4.98%. This indicates that MGFAX's price experiences larger fluctuations and is considered to be riskier than GAOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGFAX | GAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 4.98% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 7.55% | +4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.93% | 11.53% | +8.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.43% | 11.03% | +22.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.53% | 10.81% | +16.72% |