CBFAX vs. GBFFX
Compare and contrast key facts about American Funds Global Balanced Fund (CBFAX) and GMO Benchmark-Free Fund (GBFFX).
CBFAX is managed by American Funds. It was launched on Jan 31, 2011. GBFFX is managed by GMO. It was launched on Jun 14, 2011.
Performance
CBFAX vs. GBFFX - Performance Comparison
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CBFAX vs. GBFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBFAX American Funds Global Balanced Fund | -0.21% | 17.10% | 6.50% | 13.69% | -14.29% | 9.14% | 10.45% | 17.22% | -6.18% | 13.96% |
GBFFX GMO Benchmark-Free Fund | 5.76% | 24.07% | 0.40% | 15.24% | -3.36% | 4.38% | -3.35% | 13.79% | -7.12% | 17.06% |
Returns By Period
In the year-to-date period, CBFAX achieves a -0.21% return, which is significantly lower than GBFFX's 5.76% return. Both investments have delivered pretty close results over the past 10 years, with CBFAX having a 6.57% annualized return and GBFFX not far ahead at 6.70%.
CBFAX
- 1D
- 1.83%
- 1M
- -4.52%
- YTD
- -0.21%
- 6M
- 2.21%
- 1Y
- 14.53%
- 3Y*
- 10.78%
- 5Y*
- 5.24%
- 10Y*
- 6.57%
GBFFX
- 1D
- 1.05%
- 1M
- -2.94%
- YTD
- 5.76%
- 6M
- 12.11%
- 1Y
- 24.44%
- 3Y*
- 13.80%
- 5Y*
- 7.51%
- 10Y*
- 6.70%
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CBFAX vs. GBFFX - Expense Ratio Comparison
CBFAX has a 0.84% expense ratio, which is higher than GBFFX's 0.35% expense ratio.
Return for Risk
CBFAX vs. GBFFX — Risk / Return Rank
CBFAX
GBFFX
CBFAX vs. GBFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Global Balanced Fund (CBFAX) and GMO Benchmark-Free Fund (GBFFX). 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.
| CBFAX | GBFFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 3.08 | -1.52 |
Sortino ratioReturn per unit of downside risk | 2.21 | 4.08 | -1.87 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.63 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 3.94 | -1.72 |
Martin ratioReturn relative to average drawdown | 9.00 | 15.49 | -6.49 |
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
| CBFAX | GBFFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 3.08 | -1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.94 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.74 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.65 | -0.03 |
Correlation
The correlation between CBFAX and GBFFX is 0.79, 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
CBFAX vs. GBFFX - Dividend Comparison
CBFAX's dividend yield for the trailing twelve months is around 6.36%, more than GBFFX's 4.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBFAX American Funds Global Balanced Fund | 6.36% | 6.32% | 5.50% | 1.58% | 1.49% | 6.01% | 1.21% | 1.83% | 2.25% | 3.11% | 1.93% | 3.20% |
GBFFX GMO Benchmark-Free Fund | 4.84% | 5.11% | 1.81% | 5.72% | 5.48% | 4.60% | 3.32% | 4.00% | 3.92% | 2.90% | 2.72% | 6.67% |
Drawdowns
CBFAX vs. GBFFX - Drawdown Comparison
The maximum CBFAX drawdown since its inception was -23.35%, smaller than the maximum GBFFX drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for CBFAX and GBFFX.
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Drawdown Indicators
| CBFAX | GBFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.35% | -26.62% | +3.27% |
Max Drawdown (1Y)Largest decline over 1 year | -6.73% | -6.04% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -22.56% | -15.91% | -6.65% |
Max Drawdown (10Y)Largest decline over 10 years | -23.35% | -26.62% | +3.27% |
Current DrawdownCurrent decline from peak | -5.02% | -3.58% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -4.42% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.56% | +0.10% |
Volatility
CBFAX vs. GBFFX - Volatility Comparison
American Funds Global Balanced Fund (CBFAX) has a higher volatility of 4.13% compared to GMO Benchmark-Free Fund (GBFFX) at 3.36%. This indicates that CBFAX's price experiences larger fluctuations and is considered to be riskier than GBFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBFAX | GBFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 3.36% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 6.33% | 5.27% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.58% | 7.98% | +1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.86% | 8.02% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.42% | 9.07% | +1.35% |