EADIX vs. GMGEX
Compare and contrast key facts about Eaton Vance Tax-Managed Global Dividend Income Fund (EADIX) and GMO Global Equity Allocation Fund (GMGEX).
EADIX is managed by BlackRock. It was launched on May 29, 2003. GMGEX is managed by GMO. It was launched on Nov 25, 1996.
Performance
EADIX vs. GMGEX - Performance Comparison
Loading graphics...
EADIX vs. GMGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EADIX Eaton Vance Tax-Managed Global Dividend Income Fund | -3.39% | 23.11% | 8.75% | 25.02% | -18.77% | 23.18% | 14.32% | 28.50% | -11.44% | 20.02% |
GMGEX GMO Global Equity Allocation Fund | 3.72% | 29.14% | 4.12% | 22.27% | -17.07% | 14.99% | 9.55% | 25.45% | -13.04% | 26.39% |
Returns By Period
In the year-to-date period, EADIX achieves a -3.39% return, which is significantly lower than GMGEX's 3.72% return. Both investments have delivered pretty close results over the past 10 years, with EADIX having a 10.12% annualized return and GMGEX not far behind at 9.93%.
EADIX
- 1D
- 3.32%
- 1M
- -6.04%
- YTD
- -3.39%
- 6M
- 1.86%
- 1Y
- 18.69%
- 3Y*
- 14.60%
- 5Y*
- 8.67%
- 10Y*
- 10.12%
GMGEX
- 1D
- 2.68%
- 1M
- -5.76%
- YTD
- 3.72%
- 6M
- 10.13%
- 1Y
- 30.15%
- 3Y*
- 16.98%
- 5Y*
- 8.06%
- 10Y*
- 9.93%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EADIX vs. GMGEX - Expense Ratio Comparison
EADIX has a 1.18% expense ratio, which is higher than GMGEX's 0.01% expense ratio.
Return for Risk
EADIX vs. GMGEX — Risk / Return Rank
EADIX
GMGEX
EADIX vs. GMGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Global Dividend Income Fund (EADIX) and GMO Global Equity Allocation Fund (GMGEX). 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.
| EADIX | GMGEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.94 | -0.91 |
Sortino ratioReturn per unit of downside risk | 1.56 | 2.63 | -1.07 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.59 | -1.03 |
Martin ratioReturn relative to average drawdown | 6.54 | 11.30 | -4.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| EADIX | GMGEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.94 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.55 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.62 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.22 | +0.24 |
Correlation
The correlation between EADIX and GMGEX is 0.92, 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
EADIX vs. GMGEX - Dividend Comparison
EADIX's dividend yield for the trailing twelve months is around 3.83%, less than GMGEX's 4.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EADIX Eaton Vance Tax-Managed Global Dividend Income Fund | 3.83% | 3.38% | 4.15% | 3.97% | 5.42% | 6.52% | 3.12% | 3.18% | 3.95% | 3.09% | 3.92% | 3.84% |
GMGEX GMO Global Equity Allocation Fund | 4.52% | 4.69% | 0.29% | 5.62% | 7.81% | 7.76% | 3.83% | 3.14% | 3.14% | 2.90% | 3.71% | 4.20% |
Drawdowns
EADIX vs. GMGEX - Drawdown Comparison
The maximum EADIX drawdown since its inception was -52.70%, smaller than the maximum GMGEX drawdown of -58.47%. Use the drawdown chart below to compare losses from any high point for EADIX and GMGEX.
Loading graphics...
Drawdown Indicators
| EADIX | GMGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.70% | -58.47% | +5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -11.62% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -27.71% | -28.58% | +0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -35.34% | -34.98% | -0.36% |
Current DrawdownCurrent decline from peak | -8.17% | -6.81% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -16.84% | +8.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.66% | +0.20% |
Volatility
EADIX vs. GMGEX - Volatility Comparison
Eaton Vance Tax-Managed Global Dividend Income Fund (EADIX) has a higher volatility of 6.78% compared to GMO Global Equity Allocation Fund (GMGEX) at 6.09%. This indicates that EADIX's price experiences larger fluctuations and is considered to be riskier than GMGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| EADIX | GMGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.78% | 6.09% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 9.78% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 15.72% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.77% | 14.74% | +2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 16.02% | +1.60% |