ERBIX vs. GMGEX
Compare and contrast key facts about Eaton Vance Richard Bernstein Equity Strategy Fund (ERBIX) and GMO Global Equity Allocation Fund (GMGEX).
ERBIX is managed by Eaton Vance. It was launched on Oct 11, 2010. GMGEX is managed by GMO. It was launched on Nov 25, 1996.
Performance
ERBIX vs. GMGEX - Performance Comparison
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ERBIX vs. GMGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERBIX Eaton Vance Richard Bernstein Equity Strategy Fund | -2.81% | 18.35% | 15.00% | 14.63% | -14.75% | 17.75% | 16.49% | 36.69% | -11.86% | 20.94% |
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, ERBIX achieves a -2.81% return, which is significantly lower than GMGEX's 3.72% return. Over the past 10 years, ERBIX has outperformed GMGEX with an annualized return of 11.21%, while GMGEX has yielded a comparatively lower 9.93% annualized return.
ERBIX
- 1D
- 3.16%
- 1M
- -6.32%
- YTD
- -2.81%
- 6M
- 0.68%
- 1Y
- 17.69%
- 3Y*
- 12.66%
- 5Y*
- 7.17%
- 10Y*
- 11.21%
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%
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ERBIX vs. GMGEX - Expense Ratio Comparison
ERBIX has a 0.93% expense ratio, which is higher than GMGEX's 0.01% expense ratio.
Return for Risk
ERBIX vs. GMGEX — Risk / Return Rank
ERBIX
GMGEX
ERBIX vs. GMGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Richard Bernstein Equity Strategy Fund (ERBIX) 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.
| ERBIX | GMGEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.94 | -0.87 |
Sortino ratioReturn per unit of downside risk | 1.60 | 2.63 | -1.03 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.59 | -0.98 |
Martin ratioReturn relative to average drawdown | 6.94 | 11.30 | -4.36 |
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
| ERBIX | GMGEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.94 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.55 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.62 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.22 | +0.47 |
Correlation
The correlation between ERBIX 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
ERBIX vs. GMGEX - Dividend Comparison
ERBIX's dividend yield for the trailing twelve months is around 18.67%, more than GMGEX's 4.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERBIX Eaton Vance Richard Bernstein Equity Strategy Fund | 18.67% | 18.14% | 4.12% | 8.82% | 5.97% | 13.08% | 2.63% | 16.82% | 5.93% | 5.78% | 3.59% | 2.32% |
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
ERBIX vs. GMGEX - Drawdown Comparison
The maximum ERBIX drawdown since its inception was -29.18%, smaller than the maximum GMGEX drawdown of -58.47%. Use the drawdown chart below to compare losses from any high point for ERBIX and GMGEX.
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Drawdown Indicators
| ERBIX | GMGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.18% | -58.47% | +29.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.44% | -11.62% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -24.32% | -28.58% | +4.26% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -34.98% | +5.80% |
Current DrawdownCurrent decline from peak | -7.59% | -6.81% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -16.84% | +12.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 2.66% | -0.02% |
Volatility
ERBIX vs. GMGEX - Volatility Comparison
Eaton Vance Richard Bernstein Equity Strategy Fund (ERBIX) has a higher volatility of 6.49% compared to GMO Global Equity Allocation Fund (GMGEX) at 6.09%. This indicates that ERBIX'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.
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Volatility by Period
| ERBIX | GMGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 6.09% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | 9.78% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.02% | 15.72% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 14.74% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 16.02% | +0.34% |