AGVHX vs. GWOAX

Last updated Jun 5, 2026

AGVHX (American Funds Global Insight Fund) and GWOAX (GMO Global Developed Equity Allocation Fund) are both Global Equities funds. Over the past 5 years, AGVHX returned 9.10%/yr vs 10.73%/yr for GWOAX. Their correlation of 0.91 suggests significant overlap in exposure. AGVHX charges 0.47%/yr vs 0.01%/yr for GWOAX.

Performance

AGVHX vs. GWOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Global Insight Fund (AGVHX) and GMO Global Developed Equity Allocation Fund (GWOAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGVHX achieves a 9.37% return, which is significantly lower than GWOAX's 15.86% return.

AGVHX

• 1D: -0.54%
• 1M: 3.98%
• YTD: 9.37%
• 6M: 10.13%
• 1Y: 21.82%
• 3Y*: 17.06%
• 5Y*: 9.10%
• 10Y*: —

GWOAX

• 1D: -0.44%
• 1M: 4.06%
• YTD: 15.86%
• 6M: 17.59%
• 1Y: 37.23%
• 3Y*: 21.01%
• 5Y*: 10.73%
• 10Y*: 12.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGVHX vs. GWOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AGVHX American Funds Global Insight Fund	9.37%	22.87%	10.44%	18.56%	-15.20%	13.88%	16.00%	4.16%
GWOAX GMO Global Developed Equity Allocation Fund	15.86%	28.37%	6.14%	22.49%	-14.10%	18.53%	10.53%	4.35%

Correlation

The correlation between AGVHX and GWOAX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Nov 11, 2019	0.91

The correlation between AGVHX and GWOAX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

AGVHX vs. GWOAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGVHX

AGVHX Risk / Return Rank: 37
AGVHX Sharpe Ratio Rank: 36
AGVHX Sortino Ratio Rank: 35
AGVHX Omega Ratio Rank: 36
AGVHX Calmar Ratio Rank: 33
AGVHX Martin Ratio Rank: 46

GWOAX

GWOAX Risk / Return Rank: 87
GWOAX Sharpe Ratio Rank: 91
GWOAX Sortino Ratio Rank: 87
GWOAX Omega Ratio Rank: 82
GWOAX Calmar Ratio Rank: 88
GWOAX Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGVHX vs. GWOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Global Insight Fund (AGVHX) and GMO Global Developed Equity Allocation Fund (GWOAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AGVHX	GWOAX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	3.03	-1.31
Sortino ratio: Return per unit of downside risk	2.48	4.17	-1.69
Omega ratio: Gain probability vs. loss probability	1.31	1.55	-0.23
Calmar ratio: Return relative to maximum drawdown	2.12	4.27	-2.16
Martin ratio: Return relative to average drawdown	9.58	17.06	-7.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGVHX vs. GWOAX - Sharpe Ratio Comparison

The current AGVHX Sharpe Ratio is 1.71, which is lower than the GWOAX Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of AGVHX and GWOAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AGVHX	GWOAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	3.03	-1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.71	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.47	+0.21

Drawdowns

AGVHX vs. GWOAX - Drawdown Comparison

The maximum AGVHX drawdown since its inception was -29.73%, smaller than the maximum GWOAX drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for AGVHX and GWOAX.

Drawdown Indicators

	AGVHX	GWOAX	Difference
Max Drawdown Largest peak-to-trough decline	-29.73%	-49.84%	+20.11%
Max Drawdown (1Y) Largest decline over 1 year	-10.56%	-8.78%	-1.78%
Max Drawdown (3Y) Largest decline over 3 years	-14.29%	-16.11%	+1.82%
Max Drawdown (5Y) Largest decline over 5 years	-25.52%	-26.21%	+0.69%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.28%	—
Current Drawdown Current decline from peak	-0.54%	-0.44%	-0.10%
Average Drawdown Average peak-to-trough decline	-5.09%	-9.00%	+3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	2.19%	+0.14%

Volatility

AGVHX vs. GWOAX - Volatility Comparison

American Funds Global Insight Fund (AGVHX) has a higher volatility of 4.22% compared to GMO Global Developed Equity Allocation Fund (GWOAX) at 3.26%. This indicates that AGVHX's price experiences larger fluctuations and is considered to be riskier than GWOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGVHX	GWOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	3.26%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	10.86%	9.47%	+1.39%
Volatility (1Y) Calculated over the trailing 1-year period	13.03%	12.40%	+0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.69%	15.22%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	16.50%	+0.64%

AGVHX vs. GWOAX - Expense Ratio Comparison

AGVHX has a 0.47% expense ratio, which is higher than GWOAX's 0.01% expense ratio.

Dividends

AGVHX vs. GWOAX - Dividend Comparison

AGVHX's dividend yield for the trailing twelve months is around 1.08%, less than GWOAX's 3.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGVHX American Funds Global Insight Fund	1.08%	1.18%	1.27%	1.53%	1.48%	0.86%	0.79%	2.88%	0.00%	0.00%	0.00%	0.00%
GWOAX GMO Global Developed Equity Allocation Fund	3.85%	4.46%	0.60%	6.10%	7.27%	12.75%	3.85%	4.33%	3.02%	3.05%	6.43%	12.47%

Frequently Asked Questions

Can I hold both AGVHX and GWOAX in my portfolio?

AGVHX and GWOAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGVHX or GWOAX?

AGVHX has higher volatility (4.22%) compared to GWOAX (3.26%). In terms of maximum drawdown, AGVHX dropped -29.73% vs GWOAX's -49.84%.

Which has better risk-adjusted returns?

GWOAX currently has the higher Sharpe Ratio (3.03 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.