EPIVX vs. GIOTX

Last updated Jul 17, 2026

EPIVX (EuroPac International Value Fund) and GIOTX (GMO International Developed Equity Allocation Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, EPIVX returned 7.79%/yr vs 12.10%/yr for GIOTX. A 0.71 correlation means they provide meaningful diversification when combined. EPIVX charges 1.75%/yr vs 0.00%/yr for GIOTX.

Performance

EPIVX vs. GIOTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EuroPac International Value Fund (EPIVX) and GMO International Developed Equity Allocation Fund (GIOTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPIVX achieves a -2.66% return, which is significantly lower than GIOTX's 19.22% return. Over the past 10 years, EPIVX has underperformed GIOTX with an annualized return of 7.79%, while GIOTX has yielded a comparatively higher 12.10% annualized return.

EPIVX

• 1D: 0.59%
• 1M: -2.97%
• 6M: -7.94%
• YTD: -2.66%
• 1Y: 17.96%
• 3Y*: 14.66%
• 5Y*: 10.88%
• 10Y*: 7.79%

GIOTX

• 1D: 0.64%
• 1M: 0.17%
• 6M: 14.56%
• YTD: 19.22%
• 1Y: 40.94%
• 3Y*: 26.10%
• 5Y*: 15.03%
• 10Y*: 12.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EPIVX vs. GIOTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPIVX EuroPac International Value Fund	-2.66%	47.14%	5.08%	9.80%	0.47%	7.11%	18.37%	18.24%	-14.48%	15.09%
GIOTX GMO International Developed Equity Allocation Fund	19.22%	43.70%	10.66%	21.03%	-12.41%	11.14%	7.43%	24.45%	-19.66%	26.38%

Correlation

The correlation between EPIVX and GIOTX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010	0.72

The correlation between EPIVX and GIOTX shifts across timeframes, from 0.61 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

EPIVX vs. GIOTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EPIVX

EPIVX Risk / Return Rank: 20
EPIVX Sharpe Ratio Rank: 23
EPIVX Sortino Ratio Rank: 19
EPIVX Omega Ratio Rank: 24
EPIVX Calmar Ratio Rank: 19
EPIVX Martin Ratio Rank: 14

GIOTX

GIOTX Risk / Return Rank: 90
GIOTX Sharpe Ratio Rank: 93
GIOTX Sortino Ratio Rank: 87
GIOTX Omega Ratio Rank: 86
GIOTX Calmar Ratio Rank: 92
GIOTX Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EPIVX vs. GIOTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EuroPac International Value Fund (EPIVX) and GMO International Developed Equity Allocation Fund (GIOTX). 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.

	EPIVX	GIOTX	Difference
Sharpe ratio: Return per unit of total volatility	1.05	2.61	-1.56
Sortino ratio: Return per unit of downside risk	1.43	3.55	-2.12
Omega ratio: Gain probability vs. loss probability	1.20	1.47	-0.27
Calmar ratio: Return relative to maximum drawdown	1.21	3.93	-2.72
Martin ratio: Return relative to average drawdown	2.87	15.19	-12.32

EPIVX vs. GIOTX - Sharpe Ratio Comparison

The current EPIVX Sharpe Ratio is 1.05, which is lower than the GIOTX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of EPIVX and GIOTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EPIVX vs. GIOTX - Drawdown Comparison

The maximum EPIVX drawdown since its inception was -46.27%, smaller than the maximum GIOTX drawdown of -56.51%. Use the drawdown chart below to compare losses from any high point for EPIVX and GIOTX.

Drawdown Indicators

	EPIVX	GIOTX	Difference
Max Drawdown Largest peak-to-trough decline	-46.27%	-56.51%	+10.24%
Max Drawdown (1Y) Largest decline over 1 year	-15.00%	-10.66%	-4.34%
Max Drawdown (3Y) Largest decline over 3 years	-15.00%	-13.40%	-1.60%
Max Drawdown (5Y) Largest decline over 5 years	-21.75%	-28.34%	+6.59%
Max Drawdown (10Y) Largest decline over 10 years	-31.29%	-39.29%	+8.00%
Current Drawdown Current decline from peak	-12.74%	-0.31%	-12.43%
Average Drawdown Average peak-to-trough decline	-13.27%	-14.16%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.30%	2.75%	+3.55%

Volatility

EPIVX vs. GIOTX - Volatility Comparison

EuroPac International Value Fund (EPIVX) and GMO International Developed Equity Allocation Fund (GIOTX) have volatilities of 4.75% and 4.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPIVX	GIOTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	4.59%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	14.40%	13.25%	+1.15%
Volatility (1Y) Calculated over the trailing 1-year period	17.24%	16.08%	+1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.28%	15.52%	-1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.37%	16.14%	-0.77%

EPIVX vs. GIOTX - Expense Ratio Comparison

EPIVX has a 1.75% expense ratio, which is higher than GIOTX's 0.00% expense ratio.

Dividends

EPIVX vs. GIOTX - Dividend Comparison

EPIVX's dividend yield for the trailing twelve months is around 7.43%, less than GIOTX's 8.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPIVX EuroPac International Value Fund	7.43%	7.23%	1.84%	2.22%	1.52%	1.61%	0.88%	2.63%	1.61%	1.57%	0.69%	2.31%
GIOTX GMO International Developed Equity Allocation Fund	8.54%	8.04%	5.07%	6.54%	4.45%	6.67%	4.48%	3.74%	3.90%	3.15%	4.04%	3.39%

Frequently Asked Questions

Can I hold both EPIVX and GIOTX in my portfolio?

EPIVX and GIOTX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPIVX or GIOTX?

EPIVX has higher volatility (4.75%) compared to GIOTX (4.59%). In terms of maximum drawdown, EPIVX dropped -46.27% vs GIOTX's -56.51%.

Which has better risk-adjusted returns?

GIOTX currently has the higher Sharpe Ratio (2.61 vs 1.05), 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.