- ISIN
- US3620081535
- Issuer
- GMO
- Inception Date
- Jun 15, 2005
- Category
- Global Equities
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
GWOAX Performance Chart
GMO Global Developed Equity Allocation Fund (GWOAX) is up 15.5% since the beginning of the year. GWOAX is currently trading at $36 per share. Investors who bought $1,000 worth of GWOAX shares 5 years ago would now be looking at an investment worth $1,726.
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Returns By Period
GMO Global Developed Equity Allocation Fund (GWOAX) has returned 15.54% so far this year and 37.05% over the past 12 months. Over the last ten years, GWOAX has returned 12.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
GMO Global Developed Equity Allocation Fund
- 1D
- 0.62%
- 1M
- 1.05%
- YTD
- 15.54%
- 6M
- 15.31%
- 1Y
- 37.05%
- 3Y*
- 19.46%
- 5Y*
- 11.54%
- 10Y*
- 12.19%
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%
GWOAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2006, GWOAX's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +13.1%, while the worst month was Mar 2020 at -15.5%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, GWOAX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.1%, while the worst single day was Mar 16, 2020 at -10.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.20% | 4.27% | -6.01% | 7.87% | 4.13% | -0.22% | 15.54% | ||||||
| 2025 | 4.05% | 0.08% | -1.45% | 0.54% | 4.46% | 3.94% | 0.15% | 4.78% | 2.13% | 1.23% | 3.43% | 2.10% | 28.37% |
| 2024 | -0.04% | 3.06% | 4.27% | -3.20% | 4.64% | -1.31% | 3.76% | 1.97% | 1.34% | -3.81% | 2.63% | -6.60% | 6.14% |
| 2023 | 7.88% | -2.33% | 1.47% | 1.49% | -2.32% | 6.52% | 3.99% | -2.63% | -2.75% | -3.40% | 8.04% | 5.55% | 22.49% |
| 2022 | -2.39% | -3.36% | -0.74% | -5.89% | 2.19% | -9.09% | 5.25% | -4.18% | -8.82% | 7.31% | 9.87% | -3.21% | -14.10% |
| 2021 | 0.00% | 4.62% | 5.00% | 2.95% | 3.48% | -1.35% | -0.15% | 1.39% | -3.54% | 3.05% | -3.60% | 5.83% | 18.53% |
Benchmark Metrics
GMO Global Developed Equity Allocation Fund has an annualized alpha of 0.57%, beta of 0.84, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since January 03, 2006.
- This fund participated in 93.46% of S&P 500 Index downside but only 89.72% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.57%
- Beta
- 0.84
- R²
- 0.85
- Upside Capture
- 89.72%
- Downside Capture
- 93.46%
Expense Ratio
GWOAX has an expense ratio of 0.01%, which is considered low.
Return for Risk
Risk / Return Rank
GWOAX ranks 88 for risk / return — in the top 88% 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 Global Developed Equity Allocation Fund (GWOAX) 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.
| GWOAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.37 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 2.78 | +1.37 |
| Martin ratioReturn relative to average drawdown | 16.49 | 12.44 | +4.05 |
Dividends
Dividend History
GMO Global Developed Equity Allocation Fund provided a 3.86% dividend yield over the last twelve months, with an annual payout of $1.38 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.38 | $1.38 | $0.15 | $1.46 | $1.50 | $3.30 | $0.95 | $1.00 | $0.58 | $0.69 | $1.20 | $2.31 |
Dividend yield | 3.86% | 4.46% | 0.60% | 6.10% | 7.27% | 12.75% | 3.85% | 4.33% | 3.02% | 3.05% | 6.43% | 12.47% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO Global Developed Equity Allocation 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 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $1.35 | $1.38 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $1.46 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $1.50 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.00 | $0.00 | $3.00 | $3.30 |
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 Global Developed Equity Allocation 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 Global Developed Equity Allocation Fund was 49.84%, occurring on Mar 9, 2009. Recovery took 973 trading sessions.
The current GMO Global Developed Equity Allocation Fund drawdown is 0.83%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -49.84%Mar 2009 | 1y 4mo | 3y 10mo | 5y 2moNov 2007 - Jan 2013 |
COVID crash2020 | -35.28%Mar 2020 | 2mo 2d | 7mo 23d | 9mo 25dJan 2020 - Nov 2020 |
Bear market2022 | -26.21%Sep 2022 | 8mo 20d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
Rate-hike selloffLate 2018 | -22.83%Dec 2018 | 10mo 29d | 11mo 24d | 1y 10moJan 2018 - Dec 2019 |
2016 bear market2016 | -22.09%Feb 2016 | 1y 7mo | 1y 1mo | 2y 8moJul 2014 - Mar 2017 |
Drawdown Indicators
| GWOAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.84% | -56.78% | +6.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -9.10% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.11% | -18.90% | +2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -25.43% | -0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -35.28% | -33.92% | -1.36% |
Current DrawdownCurrent decline from peak | -0.83% | -1.80% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -10.71% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.03% | +0.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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