- Issuer
- GMO
- Inception Date
- Apr 19, 1994
- Category
- Emerging Markets Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GMOQX Performance Chart
GMO Emerging Country Debt Fund Class VI (GMOQX) is up 9.5% since the beginning of the year. GMOQX is currently trading at $25 per share.
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Returns By Period
GMO Emerging Country Debt Fund Class VI (GMOQX) has returned 9.53% so far this year and 26.55% over the past 12 months.
GMO Emerging Country Debt Fund Class VI
- 1D
- 0.08%
- 1M
- 2.33%
- YTD
- 9.53%
- 6M
- 9.72%
- 1Y
- 26.55%
- 3Y*
- 19.53%
- 5Y*
- —
- 10Y*
- —
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%
GMOQX Monthly Returns History
Based on dividend-adjusted daily data since Aug 16, 2021, GMOQX's average daily return is +0.03%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2022 with a return of +8.6%, while the worst month was Jun 2022 at -7.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, GMOQX closed higher 50% of trading days. The best single day was Dec 7, 2023 with a return of +8.8%, while the worst single day was Dec 8, 2023 at -8.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.87% | 1.54% | -3.00% | 4.26% | 1.63% | 1.03% | 9.53% | ||||||
| 2025 | 3.17% | 1.64% | -1.22% | -0.84% | 1.89% | 3.42% | 2.35% | 2.02% | 2.21% | 3.87% | 1.13% | 0.93% | 22.45% |
| 2024 | 0.11% | 2.17% | 3.29% | -0.67% | 1.50% | 0.56% | 0.91% | 2.01% | 2.46% | -0.91% | 1.21% | -0.61% | 12.60% |
| 2023 | 4.27% | -2.32% | 0.06% | -0.06% | -0.45% | 3.92% | 3.62% | -1.17% | -2.48% | 0.28% | 6.23% | 5.06% | 17.76% |
| 2022 | -3.09% | -6.91% | 1.03% | -5.44% | -0.29% | -7.84% | 2.45% | -0.48% | -6.04% | 0.69% | 8.55% | 0.97% | -16.26% |
| 2021 | 1.16% | -2.17% | -0.12% | -2.54% | 1.52% | -2.20% |
Benchmark Metrics
GMO Emerging Country Debt Fund Class VI has an annualized alpha of 7.08%, beta of 0.13, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since August 16, 2021.
- This fund participated in 54.42% of S&P 500 Index downside but only 51.93% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.13 may look defensive, but with R2 of 0.04 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.04 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 7.08%
- Beta
- 0.13
- R²
- 0.04
- Upside Capture
- 51.93%
- Downside Capture
- 54.42%
Expense Ratio
GMOQX has an expense ratio of 0.51%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GMOQX ranks 98 for risk / return — in the top 98% 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 Country Debt Fund Class VI (GMOQX) 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.
| GMOQX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.93 | ||
| Sortino ratioReturn per unit of downside risk | +6.10 | ||
| Omega ratioGain probability vs. loss probability | 2.21 | 1.37 | +0.84 |
| Calmar ratioReturn relative to maximum drawdown | 6.93 | 2.78 | +4.15 |
| Martin ratioReturn relative to average drawdown | 30.08 | 12.44 | +17.64 |
Dividends
Dividend History
GMO Emerging Country Debt Fund Class VI provided a 5.82% dividend yield over the last twelve months, with an annual payout of $1.43 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.43 | $1.43 | $1.22 | $1.91 | $2.40 | $1.76 |
Dividend yield | 5.82% | 6.37% | 6.23% | 10.36% | 13.87% | 7.44% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO Emerging Country Debt Fund Class VI. 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 | $0.32 | $0.00 | $0.00 | $0.00 | $0.00 | $1.11 | $1.43 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.22 | $1.22 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $1.74 | $1.91 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.00 | $0.00 | $1.90 | $2.40 |
| 2021 | $1.76 | $1.76 |
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 Country Debt Fund Class VI. 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 Country Debt Fund Class VI was 31.41%, occurring on Oct 21, 2022. Recovery took 456 trading sessions.
The current GMO Emerging Country Debt Fund Class VI drawdown is 0.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -31.41%Oct 2022 | 10mo 15d | 1y 10mo | 2y 8moDec 2021 - Aug 2024 |
2025 selloff2025 | -9.02%Apr 2025 | 4mo 1d | 2mo 22d | 6mo 23dDec 2024 - Jun 2025 |
2021 pullback2021 | -5.31%Nov 2021 | 2mo 11d | 13d | 2mo 24dSep 2021 - Dec 2021 |
2026 pullback2026 | -3.82%Mar 2026 | 1mo 9d | 15d | 1mo 24dFeb 2026 - Apr 2026 |
2024 pullback2024 | -1.92%Oct 2024 | 21d | 1mo 7d | 1mo 28dOct 2024 - Nov 2024 |
Drawdown Indicators
| GMOQX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.41% | -56.78% | +25.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.82% | -9.10% | +5.28% |
Max Drawdown (3Y)Largest decline over 3 years | -9.02% | -18.90% | +9.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.20% | -1.80% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -10.71% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.03% | -1.15% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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