BNIVX vs. GIOTX

Last updated Jul 18, 2026

BNIVX (Barrow Hanley International Value Fund) and GIOTX (GMO International Developed Equity Allocation Fund) are both Foreign Large Cap Equities funds. Over the past year, BNIVX returned 27.04% vs 38.87% for GIOTX. A 0.61 correlation means they provide meaningful diversification when combined. BNIVX charges 0.86%/yr vs 0.00%/yr for GIOTX.

Performance

BNIVX vs. GIOTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barrow Hanley International Value Fund (BNIVX) and GMO International Developed Equity Allocation Fund (GIOTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BNIVX having a 18.80% return and GIOTX slightly lower at 18.20%.

BNIVX

• 1D: -0.88%
• 1M: -1.68%
• 6M: 13.73%
• YTD: 18.80%
• 1Y: 27.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GIOTX

• 1D: -0.86%
• 1M: -0.40%
• 6M: 13.43%
• YTD: 18.20%
• 1Y: 38.87%
• 3Y*: 25.72%
• 5Y*: 14.84%
• 10Y*: 11.99%

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

BNIVX vs. GIOTX - Yearly Performance Comparison

	2026 (YTD)	2025
BNIVX Barrow Hanley International Value Fund	18.80%	16.97%
GIOTX GMO International Developed Equity Allocation Fund	18.20%	26.94%

Correlation

The correlation between BNIVX and GIOTX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025	0.61

The correlation between BNIVX and GIOTX has been stable across timeframes, ranging from 0.61 to 0.64 - a consistent structural relationship.

Return for Risk

BNIVX vs. GIOTX — Risk / Return Rank

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

BNIVX

BNIVX Risk / Return Rank: 69
BNIVX Sharpe Ratio Rank: 69
BNIVX Sortino Ratio Rank: 60
BNIVX Omega Ratio Rank: 64
BNIVX Calmar Ratio Rank: 83
BNIVX Martin Ratio Rank: 72

GIOTX

GIOTX Risk / Return Rank: 88
GIOTX Sharpe Ratio Rank: 89
GIOTX Sortino Ratio Rank: 85
GIOTX Omega Ratio Rank: 83
GIOTX Calmar Ratio Rank: 90
GIOTX Martin Ratio Rank: 91

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.

BNIVX vs. GIOTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barrow Hanley International Value Fund (BNIVX) and GMO International Developed Equity Allocation Fund (GIOTX). 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.

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.

	BNIVX	GIOTX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.49	-0.62
Sortino ratio: Return per unit of downside risk	2.49	3.40	-0.91
Omega ratio: Gain probability vs. loss probability	1.33	1.45	-0.12
Calmar ratio: Return relative to maximum drawdown	3.13	3.74	-0.61
Martin ratio: Return relative to average drawdown	10.56	14.48	-3.91

BNIVX vs. GIOTX - Sharpe Ratio Comparison

The current BNIVX Sharpe Ratio is 1.87, which is comparable to the GIOTX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of BNIVX and GIOTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BNIVX vs. GIOTX - Drawdown Comparison

The maximum BNIVX drawdown since its inception was -10.94%, smaller than the maximum GIOTX drawdown of -56.51%. Use the drawdown chart below to compare losses from any high point for BNIVX and GIOTX.

Drawdown Indicators

	BNIVX	GIOTX	Difference
Max Drawdown Largest peak-to-trough decline	-10.94%	-56.51%	+45.57%
Max Drawdown (1Y) Largest decline over 1 year	-10.94%	-10.66%	-0.28%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.29%	—
Current Drawdown Current decline from peak	-3.62%	-1.16%	-2.46%
Average Drawdown Average peak-to-trough decline	-1.80%	-14.16%	+12.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.75%	+0.21%

Volatility

BNIVX vs. GIOTX - Volatility Comparison

Barrow Hanley International Value Fund (BNIVX) has a higher volatility of 5.45% compared to GMO International Developed Equity Allocation Fund (GIOTX) at 4.58%. This indicates that BNIVX's price experiences larger fluctuations and is considered to be riskier than GIOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNIVX	GIOTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	4.58%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	14.89%	13.27%	+1.62%
Volatility (1Y) Calculated over the trailing 1-year period	18.39%	16.05%	+2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.33%	15.52%	+1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.33%	16.14%	+1.19%

BNIVX vs. GIOTX - Expense Ratio Comparison

BNIVX has a 0.86% expense ratio, which is higher than GIOTX's 0.00% expense ratio.

Dividends

BNIVX vs. GIOTX - Dividend Comparison

BNIVX has not paid dividends to shareholders, while GIOTX's dividend yield for the trailing twelve months is around 8.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNIVX Barrow Hanley International Value Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GIOTX GMO International Developed Equity Allocation Fund	8.62%	8.04%	5.07%	6.54%	4.45%	6.67%	4.48%	3.74%	3.90%	3.15%	4.04%	3.39%

Frequently Asked Questions

Can I hold both BNIVX and GIOTX in my portfolio?

BNIVX and GIOTX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BNIVX or GIOTX?

BNIVX has higher volatility (5.45%) compared to GIOTX (4.58%). In terms of maximum drawdown, BNIVX dropped -10.94% vs GIOTX's -56.51%.

Which has better risk-adjusted returns?

GIOTX currently has the higher Sharpe Ratio (2.49 vs 1.87), 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.