PFSEX vs. GAOAX

Last updated Jun 5, 2026

PFSEX (PFG JP Morgan Tactical Aggressive Strategy Fund) and GAOAX (JPMorgan Global Allocation Fund A) are both Global Equities funds. Over the past 5 years, PFSEX returned 8.59%/yr vs 2.81%/yr for GAOAX. Their correlation of 0.95 suggests significant overlap in exposure. PFSEX charges 2.05%/yr vs 1.04%/yr for GAOAX.

Performance

PFSEX vs. GAOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PFG JP Morgan Tactical Aggressive Strategy Fund (PFSEX) 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, PFSEX achieves a 9.67% return, which is significantly higher than GAOAX's 4.65% return.

PFSEX

• 1D: -0.77%
• 1M: 3.63%
• YTD: 9.67%
• 6M: 9.90%
• 1Y: 23.91%
• 3Y*: 17.54%
• 5Y*: 8.59%
• 10Y*: —

GAOAX

• 1D: -0.77%
• 1M: 2.25%
• YTD: 4.65%
• 6M: 5.23%
• 1Y: 14.22%
• 3Y*: 11.53%
• 5Y*: 2.81%
• 10Y*: 6.42%

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

PFSEX vs. GAOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PFSEX PFG JP Morgan Tactical Aggressive Strategy Fund	9.67%	17.66%	15.07%	19.04%	-17.22%	17.81%	11.91%	22.25%	-15.09%
GAOAX JPMorgan Global Allocation Fund A	4.65%	14.68%	7.91%	12.69%	-18.74%	3.60%	15.29%	15.95%	-7.08%

Correlation

The correlation between PFSEX and GAOAX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.95

The correlation between PFSEX and GAOAX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

PFSEX vs. GAOAX — Risk / Return Rank

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

PFSEX

PFSEX Risk / Return Rank: 46
PFSEX Sharpe Ratio Rank: 46
PFSEX Sortino Ratio Rank: 44
PFSEX Omega Ratio Rank: 45
PFSEX Calmar Ratio Rank: 43
PFSEX Martin Ratio Rank: 54

GAOAX

GAOAX Risk / Return Rank: 27
GAOAX Sharpe Ratio Rank: 29
GAOAX Sortino Ratio Rank: 27
GAOAX Omega Ratio Rank: 29
GAOAX Calmar Ratio Rank: 21
GAOAX Martin Ratio Rank: 28

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.

PFSEX vs. GAOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PFG JP Morgan Tactical Aggressive Strategy Fund (PFSEX) 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.

	PFSEX	GAOAX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.52	+0.44
Sortino ratio: Return per unit of downside risk	2.72	2.14	+0.58
Omega ratio: Gain probability vs. loss probability	1.36	1.28	+0.08
Calmar ratio: Return relative to maximum drawdown	2.46	1.65	+0.81
Martin ratio: Return relative to average drawdown	10.80	6.58	+4.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PFSEX vs. GAOAX - Sharpe Ratio Comparison

The current PFSEX Sharpe Ratio is 1.96, which is comparable to the GAOAX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of PFSEX 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

	PFSEX	GAOAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	1.52	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.25	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.60	-0.09

Drawdowns

PFSEX vs. GAOAX - Drawdown Comparison

The maximum PFSEX drawdown since its inception was -33.76%, which is greater than GAOAX's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for PFSEX and GAOAX.

Drawdown Indicators

	PFSEX	GAOAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.76%	-29.02%	-4.74%
Max Drawdown (1Y) Largest decline over 1 year	-9.85%	-8.95%	-0.90%
Max Drawdown (3Y) Largest decline over 3 years	-17.47%	-10.87%	-6.60%
Max Drawdown (5Y) Largest decline over 5 years	-28.41%	-29.02%	+0.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.02%	—
Current Drawdown Current decline from peak	-0.77%	-0.77%	0.00%
Average Drawdown Average peak-to-trough decline	-6.90%	-5.96%	-0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	2.24%	0.00%

Volatility

PFSEX vs. GAOAX - Volatility Comparison

PFG JP Morgan Tactical Aggressive Strategy Fund (PFSEX) has a higher volatility of 3.67% compared to JPMorgan Global Allocation Fund A (GAOAX) at 2.94%. This indicates that PFSEX'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.

Volatility by Period

	PFSEX	GAOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	2.94%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	7.99%	+1.81%
Volatility (1Y) Calculated over the trailing 1-year period	12.38%	9.73%	+2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.27%	11.10%	+5.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.46%	10.88%	+7.58%

PFSEX vs. GAOAX - Expense Ratio Comparison

PFSEX has a 2.05% expense ratio, which is higher than GAOAX's 1.04% expense ratio.

Dividends

PFSEX vs. GAOAX - Dividend Comparison

PFSEX's dividend yield for the trailing twelve months is around 15.83%, more than GAOAX's 9.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GAOAX JPMorgan Global Allocation Fund A	9.22%	10.15%	2.34%	0.00%	4.62%	4.61%	1.54%	2.43%	2.52%	2.95%	2.59%	0.96%
PFSEX PFG JP Morgan Tactical Aggressive Strategy Fund	15.83%	17.36%	1.71%	0.00%	6.35%	5.13%	0.00%	0.00%	3.27%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PFSEX and GAOAX in my portfolio?

With a correlation of 0.97, PFSEX 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, PFSEX or GAOAX?

PFSEX has higher volatility (3.67%) compared to GAOAX (2.94%). In terms of maximum drawdown, PFSEX dropped -33.76% vs GAOAX's -29.02%.

Which has better risk-adjusted returns?

PFSEX currently has the higher Sharpe Ratio (1.96 vs 1.52), 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.