PDRDX vs. GAOSX

Last updated Jun 3, 2026

PDRDX (Principal Diversified Real Asset Fund) and GAOSX (JPMorgan Global Allocation Fund) are both Global Allocation funds. Over the past 10 years, PDRDX returned 6.34%/yr vs 7.36%/yr for GAOSX. A 0.76 correlation means they provide meaningful diversification when combined. PDRDX charges 0.83%/yr vs 0.77%/yr for GAOSX.

Performance

PDRDX vs. GAOSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Diversified Real Asset Fund (PDRDX) and JPMorgan Global Allocation Fund (GAOSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDRDX achieves a 11.85% return, which is significantly higher than GAOSX's 5.78% return. Over the past 10 years, PDRDX has underperformed GAOSX with an annualized return of 6.34%, while GAOSX has yielded a comparatively higher 7.36% annualized return.

PDRDX

• 1D: -0.51%
• 1M: -2.01%
• YTD: 11.85%
• 6M: 12.60%
• 1Y: 20.73%
• 3Y*: 11.09%
• 5Y*: 5.96%
• 10Y*: 6.34%

GAOSX

• 1D: 0.18%
• 1M: 2.78%
• YTD: 5.78%
• 6M: 6.80%
• 1Y: 16.09%
• 3Y*: 12.18%
• 5Y*: 4.38%
• 10Y*: 7.36%

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

PDRDX vs. GAOSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PDRDX Principal Diversified Real Asset Fund	11.85%	14.63%	3.09%	3.22%	-6.19%	17.30%	3.97%	15.02%	-7.90%	10.18%
GAOSX JPMorgan Global Allocation Fund	5.78%	14.96%	8.21%	13.02%	-18.59%	9.54%	15.55%	16.27%	-5.81%	17.12%

Correlation

The correlation between PDRDX and GAOSX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jul 2, 2013	0.76

The correlation between PDRDX and GAOSX shifts across timeframes, from 0.56 (1 year) to 0.77 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

PDRDX vs. GAOSX — Risk / Return Rank

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

PDRDX

PDRDX Risk / Return Rank: 71
PDRDX Sharpe Ratio Rank: 66
PDRDX Sortino Ratio Rank: 60
PDRDX Omega Ratio Rank: 63
PDRDX Calmar Ratio Rank: 81
PDRDX Martin Ratio Rank: 85

GAOSX

GAOSX Risk / Return Rank: 33
GAOSX Sharpe Ratio Rank: 35
GAOSX Sortino Ratio Rank: 34
GAOSX Omega Ratio Rank: 36
GAOSX Calmar Ratio Rank: 24
GAOSX Martin Ratio Rank: 34

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.

PDRDX vs. GAOSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Diversified Real Asset Fund (PDRDX) and JPMorgan Global Allocation Fund (GAOSX). 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.

	PDRDX	GAOSX	Difference
Sharpe ratio Return per unit of total volatility	2.38	1.72	+0.66
Sortino ratio Return per unit of downside risk	3.25	2.43	+0.82
Omega ratio Gain probability vs. loss probability	1.45	1.32	+0.13
Calmar ratio Return relative to maximum drawdown	3.70	1.86	+1.84
Martin ratio Return relative to average drawdown	16.11	7.74	+8.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDRDX vs. GAOSX - Sharpe Ratio Comparison

The current PDRDX Sharpe Ratio is 2.38, which is higher than the GAOSX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of PDRDX and GAOSX, 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

	PDRDX	GAOSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	1.72	+0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.40	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.69	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.68	-0.18

Drawdowns

PDRDX vs. GAOSX - Drawdown Comparison

The maximum PDRDX drawdown since its inception was -28.55%, which is greater than GAOSX's maximum drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for PDRDX and GAOSX.

Drawdown Indicators

	PDRDX	GAOSX	Difference
Max Drawdown Largest peak-to-trough decline	-28.55%	-24.98%	-3.57%
Max Drawdown (1Y) Largest decline over 1 year	-5.88%	-8.93%	+3.05%
Max Drawdown (3Y) Largest decline over 3 years	-10.94%	-10.84%	-0.10%
Max Drawdown (5Y) Largest decline over 5 years	-19.35%	-24.98%	+5.63%
Max Drawdown (10Y) Largest decline over 10 years	-28.55%	-24.98%	-3.57%
Current Drawdown Current decline from peak	-2.57%	0.00%	-2.57%
Average Drawdown Average peak-to-trough decline	-5.98%	-4.70%	-1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	2.15%	-0.80%

Volatility

PDRDX vs. GAOSX - Volatility Comparison

Principal Diversified Real Asset Fund (PDRDX) and JPMorgan Global Allocation Fund (GAOSX) have volatilities of 2.71% and 2.78%, 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

	PDRDX	GAOSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	2.78%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	7.63%	8.12%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	9.12%	9.82%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.99%	10.94%	+0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.80%	10.78%	+0.02%

PDRDX vs. GAOSX - Expense Ratio Comparison

PDRDX has a 0.83% expense ratio, which is higher than GAOSX's 0.77% expense ratio.

Dividends

PDRDX vs. GAOSX - Dividend Comparison

PDRDX's dividend yield for the trailing twelve months is around 3.84%, less than GAOSX's 9.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GAOSX JPMorgan Global Allocation Fund	9.81%	10.23%	2.52%	0.00%	4.86%	10.17%	1.67%	2.65%	2.71%	3.18%	2.76%	1.16%
PDRDX Principal Diversified Real Asset Fund	3.84%	4.19%	2.43%	2.52%	12.88%	6.56%	0.52%	2.36%	3.47%	2.21%	2.61%	0.99%

Frequently Asked Questions

Can I hold both PDRDX and GAOSX in my portfolio?

PDRDX and GAOSX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDRDX or GAOSX?

GAOSX has higher volatility (2.78%) compared to PDRDX (2.71%). In terms of maximum drawdown, PDRDX dropped -28.55% vs GAOSX's -24.98%.

Which has better risk-adjusted returns?

PDRDX currently has the higher Sharpe Ratio (2.38 vs 1.72), 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.