- ISIN
- US3620146155
- Issuer
- GMO
- Inception Date
- Apr 4, 2017
- Category
- Global Equities
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GCCHX Performance Chart
GMO Climate Change Fund (GCCHX) is up 10.5% since the beginning of the year. GCCHX is currently trading at $28 per share. Investors who bought $1,000 worth of GCCHX shares 5 years ago would now be looking at an investment worth $1,040.
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Returns By Period
GMO Climate Change Fund (GCCHX) has returned 10.46% so far this year and 40.74% over the past 12 months.
GMO Climate Change Fund
- 1D
- 3.38%
- 1M
- -3.29%
- 6M
- 0.57%
- YTD
- 10.46%
- 1Y
- 40.74%
- 3Y*
- -1.39%
- 5Y*
- 0.78%
- 10Y*
- —
- ALL TIME*
- 9.04%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
GCCHX Monthly Returns History
Based on dividend-adjusted daily data since Apr 18, 2017, GCCHX's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +17.3%, while the worst month was Mar 2020 at -22.8%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 4 months.
On a daily basis, GCCHX closed higher 51% of trading days. The best single day was Dec 31, 2021 with a return of +11.5%, while the worst single day was Mar 16, 2020 at -12.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.84% | 2.97% | -2.11% | 8.92% | 6.14% | -9.12% | -5.05% | 10.46% | |||||
| 2025 | 1.80% | -7.51% | -4.06% | -1.21% | 8.33% | 7.29% | 6.80% | 12.14% | 3.52% | 7.22% | 0.32% | 0.68% | 39.25% |
| 2024 | -12.68% | 1.67% | 5.51% | -5.69% | 8.46% | -11.17% | 5.79% | 0.63% | 3.17% | -8.43% | -3.73% | -9.73% | -25.63% |
| 2023 | 13.48% | -5.15% | -1.52% | -2.92% | -3.51% | 6.94% | 4.66% | -12.09% | -8.16% | -14.23% | 9.34% | 10.71% | -6.85% |
| 2022 | -7.04% | 5.96% | 5.49% | -13.01% | 7.17% | -15.07% | 14.58% | -0.04% | -13.46% | 6.60% | 13.14% | -8.89% | -10.39% |
| 2021 | 2.61% | 3.96% | 1.69% | 0.31% | 1.51% | 2.05% | -0.71% | 0.88% | -3.07% | 11.76% | -6.96% | 7.07% | 21.84% |
Benchmark Metrics
GMO Climate Change Fund has an annualized alpha of -2.46%, beta of 1.01, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since April 18, 2017.
- This fund participated in 130.43% of S&P 500 Index downside but only 114.82% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.46% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.01 and R2 of 0.56, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.46%
- Beta
- 1.01
- R²
- 0.56
- Upside Capture
- 114.82%
- Downside Capture
- 130.43%
Expense Ratio
GCCHX has an expense ratio of 0.77%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GCCHX ranks 54 for risk / return — above 54% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for GMO Climate Change Fund (GCCHX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GCCHX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.00 | +0.21 |
| Martin ratioReturn relative to average drawdown | 6.75 | 8.49 | -1.75 |
Dividends
Dividend History
GMO Climate Change Fund provided a 2.12% dividend yield over the last twelve months, with an annual payout of $0.58 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.58 | $0.38 | $0.12 | $0.24 | $0.60 | $7.80 | $1.75 | $0.97 | $0.52 | $0.82 |
Dividend yield | 2.12% | 1.51% | 0.66% | 0.96% | 2.24% | 25.43% | 5.42% | 4.03% | 2.62% | 3.43% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO Climate Change Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.60 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.15 | $0.00 | $0.00 | $0.00 | $0.00 | $5.65 | $7.80 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the GMO Climate Change Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the GMO Climate Change Fund was 54.32%, occurring on Apr 8, 2025. Recovery took 270 trading sessions.
The current GMO Climate Change Fund drawdown is 14.26%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-54.32%Apr 2025 | 3y 4d | 1y 28d | 4y 1moApr 2022 - May 2026 | 2025 selloff2025 |
-40.29%Mar 2020 | 1mo 1d | 4mo 22d | 5mo 23dFeb 2020 - Aug 2020 | COVID crash2020 |
-20.90%Dec 2018 | 7mo 6d | 11mo 28d | 1y 6moMay 2018 - Dec 2019 | Rate-hike selloffLate 2018 |
-17.06%Jul 2026 | 1mo 26d | — | 2moJun 2026 - now | — |
-16.95%Dec 2021 | 1mo 11d | 3mo 2d | 4mo 13dNov 2021 - Mar 2022 | — |
Drawdown Indicators
| GCCHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.32% | -56.78% | +2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -17.06% | -9.10% | -7.96% |
Max Drawdown (3Y)Largest decline over 3 years | -49.09% | -18.90% | -30.19% |
Max Drawdown (5Y)Largest decline over 5 years | -54.32% | -25.43% | -28.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -14.26% | -1.58% | -12.68% |
Average DrawdownAverage peak-to-trough decline | -13.85% | -10.70% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 2.14% | +3.46% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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