TAVFX vs. GAOAX
Compare and contrast key facts about Third Avenue Value Fund (TAVFX) and JPMorgan Global Allocation Fund A (GAOAX).
TAVFX is managed by Third Avenue. It was launched on Oct 31, 1990. GAOAX is managed by JPMorgan. It was launched on May 31, 2011.
Performance
TAVFX vs. GAOAX - Performance Comparison
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TAVFX vs. GAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAVFX Third Avenue Value Fund | 7.29% | 35.93% | -2.43% | 20.26% | 17.46% | 22.39% | 7.76% | 12.95% | -25.95% | 8.81% |
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, TAVFX achieves a 7.29% return, which is significantly higher than GAOAX's -3.89% return. Over the past 10 years, TAVFX has outperformed GAOAX with an annualized return of 10.52%, while GAOAX has yielded a comparatively lower 5.74% annualized return.
TAVFX
- 1D
- 2.65%
- 1M
- -4.24%
- YTD
- 7.29%
- 6M
- 14.70%
- 1Y
- 40.32%
- 3Y*
- 16.34%
- 5Y*
- 15.14%
- 10Y*
- 10.52%
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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TAVFX vs. GAOAX - Expense Ratio Comparison
TAVFX has a 1.15% expense ratio, which is higher than GAOAX's 1.04% expense ratio.
Return for Risk
TAVFX vs. GAOAX — Risk / Return Rank
TAVFX
GAOAX
TAVFX vs. GAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue Value Fund (TAVFX) 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.
| TAVFX | GAOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.17 | 0.86 | +1.31 |
Sortino ratioReturn per unit of downside risk | 2.80 | 1.24 | +1.55 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.17 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.98 | 1.10 | +1.88 |
Martin ratioReturn relative to average drawdown | 12.18 | 4.47 | +7.71 |
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
| TAVFX | GAOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 0.86 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.17 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.53 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.54 | -0.25 |
Correlation
The correlation between TAVFX and GAOAX is 0.75, 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
TAVFX vs. GAOAX - Dividend Comparison
TAVFX's dividend yield for the trailing twelve months is around 6.46%, less than GAOAX's 10.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAVFX Third Avenue Value Fund | 6.46% | 6.93% | 9.86% | 4.48% | 5.67% | 3.74% | 0.70% | 5.95% | 4.45% | 3.03% | 8.24% | 8.43% |
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
TAVFX vs. GAOAX - Drawdown Comparison
The maximum TAVFX drawdown since its inception was -66.11%, which is greater than GAOAX's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for TAVFX and GAOAX.
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Drawdown Indicators
| TAVFX | GAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.11% | -29.02% | -37.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -8.95% | -4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -66.11% | -29.02% | -37.09% |
Max Drawdown (10Y)Largest decline over 10 years | -66.11% | -29.02% | -37.09% |
Current DrawdownCurrent decline from peak | -6.15% | -7.61% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -6.01% | -3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.20% | +1.03% |
Volatility
TAVFX vs. GAOAX - Volatility Comparison
Third Avenue Value Fund (TAVFX) has a higher volatility of 6.28% compared to JPMorgan Global Allocation Fund A (GAOAX) at 4.98%. This indicates that TAVFX'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
| TAVFX | GAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 4.98% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.59% | 7.55% | +4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 11.53% | +7.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.00% | 11.03% | +70.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.30% | 10.81% | +49.49% |