CTRZX vs. GUGAX
CTRZX (Multi-Manager Total Return Bond Strategies Fund) and GUGAX (GMO Multi-Sector Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, CTRZX returned -0.01%/yr vs -0.50%/yr for GUGAX. Their correlation of 0.85 suggests significant overlap in exposure. CTRZX charges 0.49%/yr vs 0.45%/yr for GUGAX.
Performance
CTRZX vs. GUGAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CTRZX achieves a 0.18% return, which is significantly lower than GUGAX's 0.96% return.
CTRZX
- 1D
- 0.12%
- 1M
- 0.70%
- YTD
- 0.18%
- 6M
- 0.47%
- 1Y
- 4.22%
- 3Y*
- 4.35%
- 5Y*
- -0.01%
- 10Y*
- —
GUGAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.96%
- 6M
- 0.84%
- 1Y
- 4.53%
- 3Y*
- 4.17%
- 5Y*
- -0.50%
- 10Y*
- 1.47%
CTRZX vs. GUGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CTRZX Multi-Manager Total Return Bond Strategies Fund | 0.18% | 7.48% | 2.03% | 5.78% | -14.46% | -0.95% | 8.47% | 9.07% | -0.96% | 3.79% |
GUGAX GMO Multi-Sector Fixed Income Fund | 0.96% | 7.29% | 0.96% | 6.02% | -14.52% | -3.17% | 4.91% | 9.66% | 2.13% | 3.84% |
Correlation
The correlation between CTRZX and GUGAX is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.85 |
Over the past year, the correlation between CTRZX and GUGAX has dropped to 0.62 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CTRZX vs. GUGAX — Risk / Return Rank
CTRZX
GUGAX
CTRZX vs. GUGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Multi-Manager Total Return Bond Strategies Fund (CTRZX) and GMO Multi-Sector Fixed Income Fund (GUGAX). 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.
| CTRZX | GUGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.43 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 4.55 | -3.08 |
| Martin ratioReturn relative to average drawdown | 4.13 | 13.42 | -9.28 |
Loading charts...
Drawdowns
CTRZX vs. GUGAX - Drawdown Comparison
The maximum CTRZX drawdown since its inception was -19.33%, smaller than the maximum GUGAX drawdown of -38.57%. Use the drawdown chart below to compare losses from any high point for CTRZX and GUGAX.
Loading charts...
Drawdown Indicators
| CTRZX | GUGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -38.57% | +19.24% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -1.16% | -1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -6.14% | -6.12% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -20.53% | +1.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.06% | — |
Current DrawdownCurrent decline from peak | -1.77% | -6.72% | +4.95% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -11.26% | +6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.39% | +0.69% |
Volatility
CTRZX vs. GUGAX - Volatility Comparison
Multi-Manager Total Return Bond Strategies Fund (CTRZX) has a higher volatility of 1.24% compared to GMO Multi-Sector Fixed Income Fund (GUGAX) at 0.00%. This indicates that CTRZX's price experiences larger fluctuations and is considered to be riskier than GUGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CTRZX | GUGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.00% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 1.30% | +1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 2.80% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 6.57% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 5.43% | -0.33% |
CTRZX vs. GUGAX - Expense Ratio Comparison
CTRZX has a 0.49% expense ratio, which is higher than GUGAX's 0.45% expense ratio.
Dividends
CTRZX vs. GUGAX - Dividend Comparison
CTRZX's dividend yield for the trailing twelve months is around 4.41%, less than GUGAX's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTRZX Multi-Manager Total Return Bond Strategies Fund | 4.41% | 4.39% | 4.61% | 3.47% | 2.70% | 2.13% | 4.69% | 3.32% | 2.89% | 2.22% | 0.00% | 0.00% |
GUGAX GMO Multi-Sector Fixed Income Fund | 4.52% | 3.69% | 4.34% | 0.00% | 1.94% | 2.90% | 7.96% | 5.74% | 5.08% | 2.43% | 3.29% | 1.76% |
Frequently Asked Questions
CTRZX and GUGAX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CTRZX has higher volatility (1.24%) compared to GUGAX (0.00%). In terms of maximum drawdown, CTRZX dropped -19.33% vs GUGAX's -38.57%.
GUGAX currently has the higher Sharpe Ratio (1.89 vs 1.10), 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.
Find the right allocation for CTRZX and GUGAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer