GMO Global Developed Equity Allocation Fund (GWOAX) belongs to the Global Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GWOAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GWOAX
GWOAX charges 0.01% annually. No mutual funds in the Global Equities category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Global Equity Allocation Fund | 0.01% | — | Nov 1996 | GWOAX vs GMGEX | |
| State Street Global All Cap Equity ex-U.S. Index F... | 0.07% | — | Sep 2014 | GWOAX vs SSGLX | |
| Vanguard Total World Stock Index Fund Admiral Shar... | 0.09% | 97.00B | Feb 2019 | GWOAX vs VTWAX | |
| USAA Cornerstone Equity Fund | 0.09% | — | Jun 2012 | GWOAX vs UCEQX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | 0.14% | 2.00B | Dec 2013 | GWOAX vs VMNVX |
Best Risk-Adjusted Alternatives to GWOAX
GWOAX has a PortfoliosLab risk / return rank of 94. There are 8 mutual funds in the Global Equities category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| LSV Global Managed Volatility Fund | 97 | — | Jun 2014 | GWOAX vs LVAFX | |
| LSV Global Value Fund | 97 | — | Jun 2014 | GWOAX vs LVAGX | |
| Wasatch Global Value Fund Investor Class Shares | 97 | — | Sep 1996 | GWOAX vs FMIEX | |
| Polaris Global Value Fund | 97 | — | May 1998 | GWOAX vs PGVFX | |
| MainStay Epoch Global Equity Yield Fund | 96 | — | Dec 2005 | GWOAX vs EPSYX |
Top Performing GWOAX Alternatives (YTD)
GWOAX is at 17.69% YTD. There are 12 mutual funds in the Global Equities category with higher YTD returns, going as high as 25.53%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AMG Yacktman Global Fund | 25.53% | — | Jan 2017 | GWOAX vs YFSIX | |
| AMG Yacktman Global Fund Class N | 25.34% | — | — | GWOAX vs YFSNX | |
| T. Rowe Price Global Technology Fund I Class | 25.18% | — | Nov 2016 | GWOAX vs PGTIX | |
| LSV Global Value Fund | 24.72% | — | Jun 2014 | GWOAX vs LVAGX | |
| Polaris Global Value Fund | 22.80% | — | May 1998 | GWOAX vs PGVFX |
Lowest Volatility Alternatives to GWOAX
GWOAX has 12.88% 1-year volatility. There are 67 mutual funds in the Global Equities category with lower 1-year volatility, going as low as 6.90%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund | 6.90% | — | Dec 2015 | GWOAX vs MBXAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 6.93% | — | Dec 1996 | GWOAX vs MBXIX | |
| Vanguard Global Minimum Volatility Fund Investor S... | 6.97% | 2.00B | Dec 2013 | GWOAX vs VMVFX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | 6.99% | 2.00B | Dec 2013 | GWOAX vs VMNVX | |
| SEI Institutional Managed Trust Global Managed Vol... | 7.41% | — | Jul 2006 | GWOAX vs SVTAX |
Lowest Drawdown Alternatives to GWOAX
GWOAX has a 1-year max drawdown of -8.78%. There are 40 mutual funds in the Global Equities category with shallower 1-year drawdowns, going as shallow as -3.85%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund Class I | -3.85% | — | Dec 1996 | GWOAX vs MBXIX | |
| Catalyst/Millburn Hedge Strategy Fund | -3.89% | — | Dec 2015 | GWOAX vs MBXAX | |
| Russell Investment Tax-Managed Real Assets Fund | -5.21% | — | Jun 2019 | GWOAX vs RTXAX | |
| LSV Global Managed Volatility Fund | -5.76% | — | Jun 2014 | GWOAX vs LVAFX | |
| SEI Institutional Investments Trust Global Managed... | -5.88% | — | Jan 2016 | GWOAX vs SGMAX |
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 | Quality Factor, Large Cap Blend Equities | 53 | 7.37% | — | Feb 2004 | GWOAX vs GQETX | |
| GMO International Equity Fund | Foreign Large Cap Equities | 87 | 19.87% | — | Mar 1987 | GWOAX vs GMOIX | |
| GMO Emerging Country Debt Fund Class VI | Emerging Markets Bonds | 98 | 8.28% | — | Apr 1994 | GWOAX vs GMOQX | |
| GMO U.S. Treasury Fund | Government Bonds | 99 | 1.59% | — | Mar 2009 | GWOAX vs GUSTX | |
| GMO International Developed Equity Allocation Fund | Foreign Large Cap Equities | 92 | 20.64% | — | Jun 2006 | GWOAX vs GIOTX | |
| GMO Tax-Managed International Equities Fund | Foreign Large Cap Equities | 97 | 21.02% | — | Jul 1998 | GWOAX vs GTMIX | |
| GMO Benchmark-Free Fund | Global Allocation | 97 | 13.32% | — | Jun 2011 | GWOAX vs GBFFX | |
| GMO Multi-Sector Fixed Income Fund | Intermediate Core-Plus Bond | 89 | 0.96% | — | Apr 1997 | GWOAX vs GUGAX | |
| GMO Asset Allocation Bond Fund | Inflation-Protected Bonds | 2 | -7.28% | — | Mar 2009 | GWOAX vs GABFX | |
| GMO Alternative Allocation Fund | Multistrategy | 92 | 6.26% | — | May 2019 | GWOAX vs GAAVX |
Often Compared With GWOAX
Investors most often compare GWOAX with FGIAX, VICEX, CWGIX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare GWOAX with Any Fund or Stock
Compare GWOAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GWOAX with funds that move differently
GMO Global Developed Equity Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GWOAX.
Explore GWOAX Diversifiers