BROAX vs. GTMIX
Compare and contrast key facts about BlackRock Advantage International Fund Class A (BROAX) and GMO Tax-Managed International Equities Fund (GTMIX).
BROAX is managed by BlackRock. GTMIX is managed by GMO. It was launched on Jul 28, 1998.
Performance
BROAX vs. GTMIX - Performance Comparison
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BROAX vs. GTMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BROAX BlackRock Advantage International Fund Class A | 1.37% | 32.13% | 6.52% | 19.11% | -13.70% | 12.82% | 7.04% | 21.37% | -15.30% | 23.76% |
GTMIX GMO Tax-Managed International Equities Fund | 8.42% | 46.17% | 1.54% | 14.96% | -10.13% | 10.71% | 7.50% | 23.35% | -21.23% | 28.45% |
Returns By Period
In the year-to-date period, BROAX achieves a 1.37% return, which is significantly lower than GTMIX's 8.42% return. Over the past 10 years, BROAX has underperformed GTMIX with an annualized return of 9.15%, while GTMIX has yielded a comparatively higher 9.87% annualized return.
BROAX
- 1D
- 3.15%
- 1M
- -5.83%
- YTD
- 1.37%
- 6M
- 4.80%
- 1Y
- 22.18%
- 3Y*
- 16.07%
- 5Y*
- 9.45%
- 10Y*
- 9.15%
GTMIX
- 1D
- 2.48%
- 1M
- -3.58%
- YTD
- 8.42%
- 6M
- 17.91%
- 1Y
- 41.17%
- 3Y*
- 20.26%
- 5Y*
- 11.29%
- 10Y*
- 9.87%
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BROAX vs. GTMIX - Expense Ratio Comparison
BROAX has a 0.75% expense ratio, which is higher than GTMIX's 0.68% expense ratio.
Return for Risk
BROAX vs. GTMIX — Risk / Return Rank
BROAX
GTMIX
BROAX vs. GTMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage International Fund Class A (BROAX) and GMO Tax-Managed International Equities Fund (GTMIX). 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.
| BROAX | GTMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 2.67 | -1.38 |
Sortino ratioReturn per unit of downside risk | 1.77 | 3.40 | -1.63 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.52 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 3.54 | -1.65 |
Martin ratioReturn relative to average drawdown | 7.25 | 16.76 | -9.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BROAX | GTMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 2.67 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.76 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.62 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.40 | -0.06 |
Correlation
The correlation between BROAX and GTMIX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BROAX vs. GTMIX - Dividend Comparison
BROAX's dividend yield for the trailing twelve months is around 6.91%, less than GTMIX's 20.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BROAX BlackRock Advantage International Fund Class A | 6.91% | 7.00% | 3.33% | 2.50% | 3.14% | 8.30% | 1.51% | 2.49% | 2.48% | 0.58% | 1.83% | 0.49% |
GTMIX GMO Tax-Managed International Equities Fund | 20.69% | 22.43% | 5.94% | 0.36% | 5.44% | 16.55% | 2.25% | 4.13% | 7.25% | 2.96% | 4.05% | 3.26% |
Drawdowns
BROAX vs. GTMIX - Drawdown Comparison
The maximum BROAX drawdown since its inception was -54.78%, smaller than the maximum GTMIX drawdown of -58.31%. Use the drawdown chart below to compare losses from any high point for BROAX and GTMIX.
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Drawdown Indicators
| BROAX | GTMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.78% | -58.31% | +3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.23% | -11.24% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -28.42% | -28.81% | +0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -36.60% | -40.32% | +3.72% |
Current DrawdownCurrent decline from peak | -7.65% | -4.51% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -12.75% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.38% | +0.55% |
Volatility
BROAX vs. GTMIX - Volatility Comparison
BlackRock Advantage International Fund Class A (BROAX) has a higher volatility of 7.87% compared to GMO Tax-Managed International Equities Fund (GTMIX) at 5.97%. This indicates that BROAX's price experiences larger fluctuations and is considered to be riskier than GTMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BROAX | GTMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.87% | 5.97% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 11.37% | 9.56% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.55% | 15.56% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 14.91% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.31% | 16.06% | +0.25% |