- ISIN
- US3620076014
- Issuer
- GMO
- Inception Date
- Dec 8, 1993
- Category
- Emerging Markets Diversified
- Min. Investment
- $50,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
GMOEX Performance Chart
GMO Emerging Markets Fund (GMOEX) is up 40.6% since the beginning of the year. GMOEX is currently trading at $42 per share. Investors who bought $1,000 worth of GMOEX shares 5 years ago would now be looking at an investment worth $1,459.
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Returns By Period
GMO Emerging Markets Fund (GMOEX) has returned 40.62% so far this year and 67.42% over the past 12 months. Over the last ten years, GMOEX has returned 9.47% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
GMO Emerging Markets Fund
- 1D
- 2.39%
- 1M
- 5.18%
- YTD
- 40.62%
- 6M
- 43.28%
- 1Y
- 67.42%
- 3Y*
- 27.88%
- 5Y*
- 7.85%
- 10Y*
- 9.47%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GMOEX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 1994, GMOEX's average daily return is +0.02%, while the average monthly return is +0.51%. At this rate, an investment would double in approximately 11.4 years.
Historically, 55% of months were positive and 45% were negative. The best month was May 2026 with a return of +20.3%, while the worst month was Oct 2008 at -27.8%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 9 months.
On a daily basis, GMOEX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +13.6%, while the worst single day was Jul 15, 2008 at -12.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.90% | 7.03% | -10.55% | 9.85% | 20.34% | 1.11% | 40.62% | ||||||
| 2025 | 1.58% | -0.75% | 2.32% | 0.37% | 5.88% | 5.59% | 2.41% | 3.45% | 3.79% | 3.28% | -1.30% | 3.17% | 33.86% |
| 2024 | -2.05% | 3.37% | 0.66% | 1.11% | 2.31% | 0.48% | -1.70% | 1.85% | 3.67% | -4.30% | -1.63% | -1.51% | 1.95% |
| 2023 | 8.86% | -6.95% | 1.73% | 0.36% | -2.59% | 3.39% | 6.51% | -5.99% | -0.18% | -2.27% | 8.84% | 6.27% | 17.68% |
| 2022 | -1.49% | -10.86% | -8.25% | -5.73% | 1.58% | -6.36% | -1.61% | -0.71% | -11.58% | -0.57% | 14.66% | -3.80% | -31.57% |
| 2021 | 3.05% | 1.91% | 0.90% | 0.94% | 2.91% | -1.35% | -4.08% | 2.50% | -4.05% | 1.06% | -4.89% | 3.65% | 2.05% |
Benchmark Metrics
GMO Emerging Markets Fund has an annualized alpha of -1.58%, beta of 0.70, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since January 03, 1994.
- This fund participated in 113.07% of S&P 500 Index downside but only 89.57% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.41 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.58%
- Beta
- 0.70
- R²
- 0.41
- Upside Capture
- 89.57%
- Downside Capture
- 113.07%
Expense Ratio
GMOEX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GMOEX ranks 93 for risk / return — in the top 93% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GMO Emerging Markets Fund (GMOEX) 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.
| GMOEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.37 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 4.89 | 2.78 | +2.11 |
| Martin ratioReturn relative to average drawdown | 17.34 | 12.44 | +4.90 |
Dividends
Dividend History
GMO Emerging Markets Fund provided a 3.56% dividend yield over the last twelve months, with an annual payout of $1.50 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.50 | $1.50 | $0.89 | $1.43 | $1.75 | $1.53 | $1.30 | $1.60 | $0.99 | $0.90 | $0.60 | $0.28 |
Dividend yield | 3.56% | 5.01% | 3.79% | 6.00% | 8.08% | 4.48% | 3.71% | 4.63% | 3.36% | 2.56% | 2.21% | 1.15% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO Emerging Markets 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 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $1.46 | $1.50 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $0.89 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $1.00 | $0.00 | $0.42 | $1.43 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.00 | $0.00 | $1.36 | $1.75 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $1.43 | $1.53 |
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 Emerging Markets 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 Emerging Markets Fund was 76.43%, occurring on Mar 2, 2009. The portfolio has not yet recovered.
The current GMO Emerging Markets Fund drawdown is 4.12%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -76.43%Mar 2009 | 1y 4mo | — | 18y 7moNov 2007 - now |
1998 bear market1998 | -63.65%Sep 1998 | 1y 1mo | 5y 3mo | 6y 4moAug 1997 - Dec 2003 |
1995 bear market1995 | -34.92%Mar 1995 | 5mo 14d | 2y 3mo | 2y 9moSep 1994 - Jun 1997 |
2006 bear market2006 | -24.29%Jul 2006 | 2mo 9d | 10mo 8d | 1y 12dMay 2006 - May 2007 |
2004 bear market2004 | -22.58%May 2004 | 1mo 4d | 5mo 20d | 6mo 24dApr 2004 - Nov 2004 |
Drawdown Indicators
| GMOEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.43% | -56.78% | -19.65% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -9.10% | -4.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.92% | -18.90% | +1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -42.52% | -25.43% | -17.09% |
Max Drawdown (10Y)Largest decline over 10 years | -43.50% | -33.92% | -9.58% |
Current DrawdownCurrent decline from peak | -4.12% | -1.80% | -2.32% |
Average DrawdownAverage peak-to-trough decline | -37.39% | -10.71% | -26.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 2.03% | +1.74% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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