TQGIX vs. GAOAX
Compare and contrast key facts about T. Rowe Price QM Global Equity Fund (TQGIX) and JPMorgan Global Allocation Fund A (GAOAX).
TQGIX is managed by T. Rowe Price. It was launched on Apr 14, 2016. GAOAX is managed by JPMorgan. It was launched on May 31, 2011.
Performance
TQGIX vs. GAOAX - Performance Comparison
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TQGIX vs. GAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TQGIX T. Rowe Price QM Global Equity Fund | -1.37% | 22.82% | 18.08% | 23.86% | -17.12% | 19.87% | 15.49% | 27.89% | -9.95% | 24.18% |
GAOAX JPMorgan Global Allocation Fund A | -3.89% | 14.68% | 7.91% | 12.69% | -18.74% | 3.60% | 15.29% | 15.95% | -6.07% | 16.19% |
Returns By Period
In the year-to-date period, TQGIX achieves a -1.37% return, which is significantly higher than GAOAX's -3.89% return.
TQGIX
- 1D
- 3.00%
- 1M
- -6.14%
- YTD
- -1.37%
- 6M
- 1.94%
- 1Y
- 20.47%
- 3Y*
- 18.45%
- 5Y*
- 10.94%
- 10Y*
- —
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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TQGIX vs. GAOAX - Expense Ratio Comparison
TQGIX has a 0.58% expense ratio, which is lower than GAOAX's 1.04% expense ratio.
Return for Risk
TQGIX vs. GAOAX — Risk / Return Rank
TQGIX
GAOAX
TQGIX vs. GAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price QM Global Equity Fund (TQGIX) 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.
| TQGIX | GAOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 0.86 | +0.41 |
Sortino ratioReturn per unit of downside risk | 1.84 | 1.24 | +0.60 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.10 | +0.69 |
Martin ratioReturn relative to average drawdown | 8.21 | 4.47 | +3.74 |
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
| TQGIX | GAOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 0.86 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.17 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.54 | +0.19 |
Correlation
The correlation between TQGIX and GAOAX is 0.95, 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
TQGIX vs. GAOAX - Dividend Comparison
TQGIX's dividend yield for the trailing twelve months is around 3.52%, less than GAOAX's 10.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQGIX T. Rowe Price QM Global Equity Fund | 3.52% | 3.47% | 4.48% | 3.04% | 21.41% | 0.87% | 0.93% | 1.41% | 1.96% | 1.49% | 0.00% | 0.00% |
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
TQGIX vs. GAOAX - Drawdown Comparison
The maximum TQGIX drawdown since its inception was -32.97%, which is greater than GAOAX's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for TQGIX and GAOAX.
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Drawdown Indicators
| TQGIX | GAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.97% | -29.02% | -3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.83% | -8.95% | -2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -25.44% | -29.02% | +3.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.02% | — |
Current DrawdownCurrent decline from peak | -7.26% | -7.61% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -6.01% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.20% | +0.38% |
Volatility
TQGIX vs. GAOAX - Volatility Comparison
T. Rowe Price QM Global Equity Fund (TQGIX) has a higher volatility of 6.10% compared to JPMorgan Global Allocation Fund A (GAOAX) at 4.98%. This indicates that TQGIX'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
| TQGIX | GAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 4.98% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.61% | 7.55% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.55% | 11.53% | +5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.30% | 11.03% | +4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 10.81% | +5.97% |