GMO Opportunistic Income Fund (GMODX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GMODX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GMODX
GMODX charges 0.47% annually. No mutual funds in the Nontraditional Bonds category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | GMODX vs PMOTX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | GMODX vs SUBFX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | GMODX vs FPFIX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | GMODX vs PUTIX | |
| T. Rowe Price Dynamic Credit Fund | 0.56% | — | Jan 2019 | GMODX vs RPELX |
Best Risk-Adjusted Alternatives to GMODX
GMODX has a PortfoliosLab risk / return rank of 98. There are 6 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | GMODX vs CBYYX | |
| PGIM Securitized Credit Fund | 100 | — | Jun 2019 | GMODX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | GMODX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | GMODX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 98 | — | Aug 2010 | GMODX vs EGRIX |
Top Performing GMODX Alternatives (YTD)
GMODX is at 1.17% YTD. There are 37 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 8.30%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 8.30% | — | Aug 2010 | GMODX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 5.46% | — | Apr 2015 | GMODX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 5.19% | — | Jun 2007 | GMODX vs EIGMX | |
| Artisan Global Unconstrained Fund | 4.47% | — | Mar 2022 | GMODX vs APFPX | |
| T. Rowe Price Dynamic Global Bond Fund | 4.28% | — | Jan 2015 | GMODX vs RPIEX |
Lowest Volatility Alternatives to GMODX
GMODX has 1.32% 1-year volatility. There are 2 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dunham Long/Short Credit Fund | 1.01% | — | Dec 2004 | GMODX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.21% | — | Jan 2023 | GMODX vs CBYYX | |
| BlackRock Global Long/Short Credit Fund | 1.35% | — | Sep 2011 | GMODX vs BGCIX | |
| DoubleLine Flexible Income Fund | 1.38% | — | Apr 2014 | GMODX vs DFLEX | |
| Anfield Universal Fixed Income Fund | 1.43% | — | Jun 2013 | GMODX vs AFLIX |
Lowest Drawdown Alternatives to GMODX
GMODX has a 1-year max drawdown of -0.65%. There are 3 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | GMODX vs CBYYX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | GMODX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.37% | — | Dec 2004 | GMODX vs DCAIX | |
| PGIM Absolute Return Bond Fund | -0.86% | — | Mar 2011 | GMODX vs PADZX | |
| Toews Unconstrained Income Fund | -0.87% | — | Aug 2013 | GMODX vs TUIFX |
Other Mutual Funds from GMO
The 10 most viewed GMO mutual funds shown here include GQETX, GMOIX, GMGEX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| GMO Quality Fund | Large Cap Blend Equities | 36 | 6.43% | — | Feb 2004 | GMODX vs GQETX | |
| GMO International Equity Fund | Foreign Large Cap Equities | 83 | 17.45% | — | Mar 1987 | GMODX vs GMOIX | |
| GMO Global Equity Allocation Fund | Global Equities | 90 | 17.61% | — | Nov 1996 | GMODX vs GMGEX | |
| GMO Emerging Country Debt Fund Class VI | Emerging Markets Bonds | 98 | 8.99% | — | Apr 1994 | GMODX vs GMOQX | |
| GMO U.S. Treasury Fund | Government Bonds | 99 | 1.59% | — | Mar 2009 | GMODX vs GUSTX | |
| GMO International Developed Equity Allocation Fund | Foreign Large Cap Equities | 87 | 17.22% | — | Jun 2006 | GMODX vs GIOTX | |
| GMO Multi-Sector Fixed Income Fund | Intermediate Core-Plus Bond | 89 | 0.96% | — | Apr 1997 | GMODX vs GUGAX | |
| GMO Benchmark-Free Fund | Global Allocation | 95 | 10.37% | — | Jun 2011 | GMODX vs GBFFX | |
| GMO Tax-Managed International Equities Fund | Foreign Large Cap Equities | 93 | 14.91% | — | Jul 1998 | GMODX vs GTMIX | |
| GMO Asset Allocation Bond Fund | Inflation-Protected Bonds | 3 | -5.99% | — | Mar 2009 | GMODX vs GABFX |
Often Compared With GMODX
Investors most often compare GMODX with NWXHX, MWCIX, MAHIX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare GMODX with Any Fund or Stock
Compare GMODX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GMODX with funds that move differently
GMO Opportunistic Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GMODX.
Explore GMODX Diversifiers