GLBLX vs JPGE Fund Comparison

A comparison between GLBLX and JPGE based on their expense ratio, growth, holdings and how well they match their benchmark performance.

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Minafi's Take on GLBLX vs JPGE

Here's an in depth look at the differences between Leuthold Global Fund Class Retail ($GLBLX) and JPMorgan Diversified Return Global Equity ETF ($JPGE).

To start off, here's a look at the basics of each fund. Keep an eye on the FI Score. That's a custom score from 0 to 100 that we generate based on how good this fund is for the casual investor. Most investors only need a handful of total funds in their portfolio. The higher the score, the more likely this is one of those few. Score alone isn't enough! Keep reading on to see how different (or perhaps similar) these two funds are.

16% FI Score
  • glblx
  • Mutual Fund
  • Allocation
  • Total World

Leuthold Global Fund Class Retail

Expenses: 1.88% (Better than 0% of similar funds)

This is a bad choice for a Total World Allocation fund. See why »

50% FI Score
  • jpge
  • ETF
  • Allocation
  • Total World

JPMorgan Diversified Return Global Equity ETF

Expenses: 0.29% (Better than 1% of similar funds)

This is an OK choice for a Total World Allocation fund. See why »

$GLBLX is classified as a Mutual Fund while $JPGE is classified as an ETF. Even though one of these is a mutual fund and the other is an ETF, that doesn't matter too much for their holdings. Both ETFs and mutual funds are just containers to hold lots of investments inside of them.

The biggest differences between these two is where they may be offered. ETFs are more widely availble from a larger number of investment apps and websites. Mutual funds, on the other hand, are generally offered by the platform they're issued by (Fidelity funds on Fidelity, Vanguard funds on Vanguard). Usually 401(k)'s will offer both ETFs and Mutual Funds. If you're investing outside of a 401(k), I'd recommend you verify the fees associated with ETF and mutual fund transactions. Some platforms charge an additional fee to purchase a mutual fund.

To learn more about the difference between these two, you can read about the difference between ETFs and Mutual Funds.

When evaluating a fund, the first things I look at are:

  • What it invests in
  • How much it charges in fees
  • How large the fund is

Let's look into these criteria one by one and see if either of these funds stands out.

Fund Holdings Comparison

Both of these funds are Allocation Total World funds – which means they're likely both investing in about the same investments behind the scenes.

Minafi's FI Score algorithm takes into account the category and market. The more niche a fund is, the lower the score. This doesn't mean it's a worse fund, but it does mean you should stop and make sure this a fund you need to diversify your portfolio.

GLBLX JPGE
Market Score 1.5 /10 2.8 /10
Category Score 5.0 /10 5.0 /10
Total 6.5 7.8

A score of 10 means this is a solid market and category that almost every investor will want to have investments in. The lower the score, the more specific the investment. These scores are based on when most investors would add these funds to their portfolio. A score of 10 means that this fund (or one like it) belongs in a three-fund portfolio. The lower the score, the farther down in your portfolio a fund would go.

Winner: $JPGE

Fee Comparison

Fees are one of the biggest killers of portfolio growth. The difference between a 2% fee and a 0.04% fee over 30 years can result in your portfolio having half the total value!

If you're just getting started investing and learning how fees impact your portfolio, I'd encourage you to read through my free investment course (specifically '2.2 - All About Fees') where I go over all the different types of fees you can be charged and how to lower them.

For these two funds, GLBLX has an expense ratio of 1.88% while JPGE has an expense ratio of 0.29%.

Winner: $JPGE

Fund Size Comparison

Both GLBLX and JPGE have a similar number of assets under management. GLBLX has 26.4 Million in assets under management, while JPGE has 65.5 Million.

Minafi categorizes both of these funds as small funds. Fund size is a good indication of how many other investors trust this fund. A large fund by itself doesn't mean it's a good fund, but it is one thing to consider when figuring out how to choose the right fund.

Winner: tie

Which Should You Choose? GLBLX or JPGE?

Since both of these funds are Allocation Total World funds, you'll most likely only need to invest in one of these funds – not both. Running both of these funds through Minafi's FI Score algorithm, gives GLBLX a score of 16 and JPGE a score of 50.

Neither of these funds has an FI Score above 90 – which is a red flag. I'd look into more funds to find one with a higher FI Score.

Winner: Neither, I'd research more funds if you're looking to invest for retirement.

$GLBLX

Leuthold Global Fund Class Retail

16

Read More
Ratings
Rating Type Rating
Expense Ratio Score 2 /10
Expense Rating 0 /10
Market Score 2 /10
Category Score 5 /10
Overview
Overview Details
Fund Type Mutual Fund
Inception Date Apr-30-2008
Exchange NMFQS
Expense Ratio 1.880%
Net Assets 26.4 Million
Yield 0.89%
Holdings
Description Info
Market Allocation
Category Total World
Sectors
  • Basic Materials 5.88%
  • Communication Services 11.57%
  • Consumer Cyclical 5.61%
  • Consumer Defensive 6.70%
  • Energy 0.63%
  • Financial Services 20.90%
  • Healthcare 24.89%
  • Industrials 4.40%
  • Real Estate 0.00%
  • Technology 19.42%
  • Utilities 0.00%
Regions
  • Africa/Middle East 0.16%
  • Asia Developed 5.19%
  • Asia Emerging 8.37%
  • Australasia 1.08%
  • Europe Developed 11.40%
  • Europe Emerging 0.87%
  • Japan 9.56%
  • Latin America 0.53%
  • North America 59.02%
  • United Kingdom 3.83%

$JPGE

JPMorgan Diversified Return Global Equity ETF

50

Read More
Ratings
Rating Type Rating
Diversification Score 2 /10
Expense Ratio Score 10 /10
Expense Rating 7 /10
Market Score 3 /10
Category Score 5 /10
Overview
Overview Details
Fund Type ETF
Inception Date Jun-16-2014
Exchange NYSE ARCA
Expense Ratio 0.290%
Net Assets 65.5 Million
Yield 3.50%
Holdings
Description Info
Market Allocation
Category Total World
Sectors
  • Basic Materials 10.37%
  • Communication Services 10.51%
  • Consumer Cyclicals 9.57%
  • Consumer Defensive 8.59%
  • Energy 5.18%
  • Financial Services 8.64%
  • Healthcare 11.53%
  • Industrials 13.71%
  • Real Estate 3.04%
  • Technology 9.56%
  • Utilities 9.28%
Regions
  • Africa/Middle East 0.28%
  • Asia Developed 13.21%
  • Asia Emerging 1.23%
  • Australasia 10.27%
  • Europe Developed 20.63%
  • Japan 24.58%
  • North America 24.44%
  • United Kingdom 5.38%

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