RMEAX vs. GAOAX
Compare and contrast key facts about Aspiriant Risk-Managed Equity Allocation Fund (RMEAX) and JPMorgan Global Allocation Fund A (GAOAX).
RMEAX is managed by Aspiriant. It was launched on Apr 3, 2013. GAOAX is managed by JPMorgan. It was launched on May 31, 2011.
Performance
RMEAX vs. GAOAX - Performance Comparison
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RMEAX vs. GAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RMEAX Aspiriant Risk-Managed Equity Allocation Fund | -5.53% | 17.69% | 6.55% | 16.31% | -13.67% | 14.78% | 3.98% | 16.82% | -3.75% | 21.78% |
GAOAX JPMorgan Global Allocation Fund A | -5.28% | 14.68% | 7.91% | 12.69% | -18.74% | 3.60% | 15.29% | 15.95% | -6.07% | 16.82% |
Returns By Period
The year-to-date returns for both investments are quite close, with RMEAX having a -5.53% return and GAOAX slightly higher at -5.28%. Over the past 10 years, RMEAX has outperformed GAOAX with an annualized return of 7.22%, while GAOAX has yielded a comparatively lower 5.59% annualized return.
RMEAX
- 1D
- 0.07%
- 1M
- -7.96%
- YTD
- -5.53%
- 6M
- -1.56%
- 1Y
- 9.48%
- 3Y*
- 9.84%
- 5Y*
- 5.70%
- 10Y*
- 7.22%
GAOAX
- 1D
- -0.10%
- 1M
- -8.53%
- YTD
- -5.28%
- 6M
- -3.90%
- 1Y
- 8.28%
- 3Y*
- 7.88%
- 5Y*
- 1.78%
- 10Y*
- 5.59%
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RMEAX vs. GAOAX - Expense Ratio Comparison
RMEAX has a 0.28% expense ratio, which is lower than GAOAX's 1.04% expense ratio.
Return for Risk
RMEAX vs. GAOAX — Risk / Return Rank
RMEAX
GAOAX
RMEAX vs. GAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aspiriant Risk-Managed Equity Allocation Fund (RMEAX) 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.
| RMEAX | GAOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.72 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.18 | 1.06 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 0.82 | +0.10 |
Martin ratioReturn relative to average drawdown | 4.00 | 3.42 | +0.58 |
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
| RMEAX | GAOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.72 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.16 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.52 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.53 | 0.00 |
Correlation
The correlation between RMEAX and GAOAX is 0.91, 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
RMEAX vs. GAOAX - Dividend Comparison
RMEAX's dividend yield for the trailing twelve months is around 12.49%, more than GAOAX's 10.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMEAX Aspiriant Risk-Managed Equity Allocation Fund | 12.49% | 11.80% | 0.00% | 5.30% | 2.16% | 2.46% | 1.64% | 4.69% | 4.53% | 2.67% | 2.27% | 1.79% |
GAOAX JPMorgan Global Allocation Fund A | 10.19% | 10.15% | 2.34% | 0.00% | 4.62% | 4.61% | 1.54% | 2.43% | 2.52% | 2.95% | 2.59% | 0.96% |
Drawdowns
RMEAX vs. GAOAX - Drawdown Comparison
The maximum RMEAX drawdown since its inception was -23.70%, smaller than the maximum GAOAX drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for RMEAX and GAOAX.
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Drawdown Indicators
| RMEAX | GAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.70% | -29.02% | +5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | -8.95% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -21.79% | -29.02% | +7.23% |
Max Drawdown (10Y)Largest decline over 10 years | -23.70% | -29.02% | +5.32% |
Current DrawdownCurrent decline from peak | -8.35% | -8.95% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -6.01% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.15% | -0.02% |
Volatility
RMEAX vs. GAOAX - Volatility Comparison
The current volatility for Aspiriant Risk-Managed Equity Allocation Fund (RMEAX) is 3.87%, while JPMorgan Global Allocation Fund A (GAOAX) has a volatility of 4.64%. This indicates that RMEAX experiences smaller price fluctuations and is considered to be less risky 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
| RMEAX | GAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 4.64% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 7.33% | 7.42% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 11.46% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.91% | 11.02% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.79% | 10.80% | +0.99% |