GMO Emerging Markets ex-China Fund (GMAQX) belongs to the Emerging Markets Diversified category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GMAQX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GMAQX
GMAQX charges 0.67% annually. There are 27 mutual funds in the Emerging Markets Diversified category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Emerging Markets Index Fund | 0.08% | — | Sep 2011 | GMAQX vs FPADX | |
| Fidelity SAI Emerging Markets Index Fund | 0.08% | — | Jan 2016 | GMAQX vs FERGX | |
| State Street Emerging Markets Equity Index Fund | 0.17% | — | Dec 2015 | GMAQX vs SSKEX | |
| Franklin Emerging Market Core Equity (IU) Fund Adv... | 0.17% | — | Jul 2019 | GMAQX vs FCEEX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.19% | — | May 2018 | GMAQX vs EMPTX |
Best Risk-Adjusted Alternatives to GMAQX
GMAQX has a PortfoliosLab risk / return rank of 96. There is 1 mutual fund in the Emerging Markets Diversified category with a higher risk-adjusted rank, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 97 | — | Jun 1996 | GMAQX vs DEMIX | |
| Franklin Templeton SMACS: Series EM | 96 | — | Nov 2021 | GMAQX vs FQEMX | |
| LSV Emerging Markets Equity Fund | 96 | — | Jan 2019 | GMAQX vs LVAZX | |
| Invesco EQV Emerging Markets All Cap Fd | 95 | — | Jan 1994 | GMAQX vs GTDDX | |
| Martin Currie SMA-Shares Series EM Fund | 95 | — | Jan 2018 | GMAQX vs LCSMX |
Top Performing GMAQX Alternatives (YTD)
GMAQX is at 53.39% YTD. There are 3 mutual funds in the Emerging Markets Diversified category with higher YTD returns, going as high as 125.98%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 125.98% | — | Jun 1996 | GMAQX vs DEMIX | |
| Franklin Templeton SMACS: Series EM | 75.65% | — | Nov 2021 | GMAQX vs FQEMX | |
| Martin Currie SMA-Shares Series EM Fund | 57.98% | — | Jan 2018 | GMAQX vs LCSMX | |
| Invesco EQV Emerging Markets All Cap Fd | 48.50% | — | Jan 1994 | GMAQX vs GTDDX | |
| Federated Hermes Emerging Markets Equity Fund | 42.08% | — | Mar 2017 | GMAQX vs PIEFX |
Lowest Volatility Alternatives to GMAQX
GMAQX has 22.97% 1-year volatility. There are 149 mutual funds in the Emerging Markets Diversified category with lower 1-year volatility, going as low as 11.19%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 11.19% | — | Oct 2011 | GMAQX vs ESCIX | |
| Virtus KAR Emerging Markets Small-Cap Fund | 11.47% | — | Dec 2013 | GMAQX vs VIESX | |
| GQG Partners Emerging Markets Equity Fund | 11.57% | — | Dec 2016 | GMAQX vs GQGPX | |
| The Cook & Bynum Fund | 11.91% | — | Jun 2009 | GMAQX vs COBYX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | 12.07% | — | Dec 2020 | GMAQX vs BADEX |
Lowest Drawdown Alternatives to GMAQX
GMAQX has a 1-year max drawdown of -13.77%. There are 123 mutual funds in the Emerging Markets Diversified category with shallower 1-year drawdowns, going as shallow as -5.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | -5.70% | — | Oct 2011 | GMAQX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | -7.89% | — | Sep 2007 | GMAQX vs WAEMX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | -8.89% | — | Dec 2020 | GMAQX vs BADEX | |
| The Cook & Bynum Fund | -8.95% | — | Jun 2009 | GMAQX vs COBYX | |
| GQG Partners Emerging Markets Equity Fund | -9.12% | — | Dec 2016 | GMAQX vs GQGPX |
Other Mutual Funds from GMO
The 10 most viewed GMO mutual funds shown here include GQETX, GMOIX, GMOQX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| GMO Quality Fund | Large Cap Blend Equities | 28 | 3.03% | — | Feb 2004 | GMAQX vs GQETX | |
| GMO International Equity Fund | Foreign Large Cap Equities | 79 | 17.65% | — | Mar 1987 | GMAQX vs GMOIX | |
| GMO Emerging Country Debt Fund Class VI | Emerging Markets Bonds | 98 | 9.08% | — | Apr 1994 | GMAQX vs GMOQX | |
| GMO U.S. Treasury Fund | Government Bonds | 99 | 1.26% | — | Mar 2009 | GMAQX vs GUSTX | |
| GMO Global Equity Allocation Fund | Global Equities | 88 | 16.34% | — | Nov 1996 | GMAQX vs GMGEX | |
| GMO International Developed Equity Allocation Fund | Foreign Large Cap Equities | 84 | 16.53% | — | Jun 2006 | GMAQX vs GIOTX | |
| GMO Multi-Sector Fixed Income Fund | Intermediate Core-Plus Bond | 73 | 0.96% | — | Apr 1997 | GMAQX vs GUGAX | |
| GMO Benchmark-Free Fund | Global Allocation | 95 | 9.60% | — | Jun 2011 | GMAQX vs GBFFX | |
| GMO Asset Allocation Bond Fund | Inflation-Protected Bonds | 2 | -4.60% | — | Mar 2009 | GMAQX vs GABFX | |
| GMO Alternative Allocation Fund | Multistrategy | 71 | 1.36% | — | May 2019 | GMAQX vs GAAVX |
Often Compared With GMAQX
Investors most often compare GMAQX with CEMFX, DWGAX, DFESX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare GMAQX with Any Fund or Stock
Compare GMAQX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GMAQX with funds that move differently
GMO Emerging Markets ex-China Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GMAQX.
Explore GMAQX Diversifiers