COSZX vs. GTMIX
COSZX (Columbia Overseas Value Fund) and GTMIX (GMO Tax-Managed International Equities Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, COSZX returned 10.52%/yr vs 10.78%/yr for GTMIX. Their correlation of 0.94 suggests significant overlap in exposure. COSZX charges 0.90%/yr vs 0.68%/yr for GTMIX.
Performance
COSZX vs. GTMIX - Performance Comparison
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Returns By Period
In the year-to-date period, COSZX achieves a 1.13% return, which is significantly lower than GTMIX's 13.12% return. Both investments have delivered pretty close results over the past 10 years, with COSZX having a 10.52% annualized return and GTMIX not far ahead at 10.78%.
COSZX
- 1D
- -4.71%
- 1M
- -5.96%
- YTD
- 1.13%
- 6M
- 0.35%
- 1Y
- 19.68%
- 3Y*
- 19.32%
- 5Y*
- 10.91%
- 10Y*
- 10.52%
GTMIX
- 1D
- -0.27%
- 1M
- -0.80%
- YTD
- 13.12%
- 6M
- 12.71%
- 1Y
- 38.22%
- 3Y*
- 21.82%
- 5Y*
- 11.38%
- 10Y*
- 10.78%
COSZX vs. GTMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COSZX Columbia Overseas Value Fund | 1.13% | 45.80% | 4.70% | 16.05% | -5.99% | 10.78% | -0.07% | 22.37% | -16.70% | 27.82% |
GTMIX GMO Tax-Managed International Equities Fund | 13.12% | 46.17% | 1.54% | 14.96% | -10.13% | 10.71% | 7.50% | 23.35% | -21.23% | 28.45% |
Correlation
The correlation between COSZX and GTMIX is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2008 | 0.94 |
The correlation between COSZX and GTMIX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
COSZX vs. GTMIX — Risk / Return Rank
COSZX
GTMIX
COSZX vs. GTMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Overseas Value Fund (COSZX) 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.
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.
| COSZX | GTMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.54 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 4.93 | -3.18 |
| Martin ratioReturn relative to average drawdown | 5.64 | 19.02 | -13.38 |
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Drawdowns
COSZX vs. GTMIX - Drawdown Comparison
The maximum COSZX drawdown since its inception was -63.37%, which is greater than GTMIX's maximum drawdown of -58.31%. Use the drawdown chart below to compare losses from any high point for COSZX and GTMIX.
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Drawdown Indicators
| COSZX | GTMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.37% | -58.31% | -5.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.76% | -7.90% | -3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -13.34% | -14.11% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -25.77% | -27.34% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -43.40% | -40.32% | -3.08% |
Current DrawdownCurrent decline from peak | -10.14% | -1.59% | -8.55% |
Average DrawdownAverage peak-to-trough decline | -17.86% | -12.65% | -5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 2.04% | +1.59% |
Volatility
COSZX vs. GTMIX - Volatility Comparison
Columbia Overseas Value Fund (COSZX) has a higher volatility of 6.22% compared to GMO Tax-Managed International Equities Fund (GTMIX) at 3.48%. This indicates that COSZX'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
| COSZX | GTMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 3.48% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.38% | 9.95% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.85% | 13.01% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 14.93% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 16.00% | +1.46% |
COSZX vs. GTMIX - Expense Ratio Comparison
COSZX has a 0.90% expense ratio, which is higher than GTMIX's 0.68% expense ratio.
Dividends
COSZX vs. GTMIX - Dividend Comparison
COSZX's dividend yield for the trailing twelve months is around 7.82%, less than GTMIX's 19.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COSZX Columbia Overseas Value Fund | 7.82% | 7.91% | 5.38% | 3.97% | 1.88% | 3.59% | 1.69% | 3.82% | 3.59% | 1.71% | 1.99% | 2.27% |
GTMIX GMO Tax-Managed International Equities Fund | 19.83% | 22.43% | 5.94% | 0.36% | 5.44% | 16.55% | 2.25% | 4.13% | 7.25% | 2.96% | 4.05% | 3.26% |
Frequently Asked Questions
With a correlation of 0.92, COSZX and GTMIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
COSZX has higher volatility (6.22%) compared to GTMIX (3.48%). In terms of maximum drawdown, COSZX dropped -63.37% vs GTMIX's -58.31%.
GTMIX currently has the higher Sharpe Ratio (3.00 vs 1.38), 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.
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