ERBIX vs. GWOAX
ERBIX (Eaton Vance Richard Bernstein Equity Strategy Fund) and GWOAX (GMO Global Developed Equity Allocation Fund) are both Global Equities funds. Over the past 10 years, ERBIX returned 11.83%/yr vs 12.08%/yr for GWOAX. Their correlation of 0.92 means they have usually moved in the same direction. ERBIX charges 0.93%/yr vs 0.01%/yr for GWOAX.
Performance
ERBIX vs. GWOAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ERBIX achieves a 8.92% return, which is significantly lower than GWOAX's 17.69% return. Both investments have delivered pretty close results over the past 10 years, with ERBIX having a 11.83% annualized return and GWOAX not far ahead at 12.08%.
ERBIX
- 1D
- 2.49%
- 1M
- -1.49%
- 6M
- 5.49%
- YTD
- 8.92%
- 1Y
- 20.65%
- 3Y*
- 14.36%
- 5Y*
- 8.68%
- 10Y*
- 11.83%
- ALL TIME*
- 11.19%
GWOAX
- 1D
- 1.65%
- 1M
- 2.23%
- 6M
- 11.87%
- YTD
- 17.69%
- 1Y
- 35.41%
- 3Y*
- 18.71%
- 5Y*
- 11.65%
- 10Y*
- 12.08%
- ALL TIME*
- 8.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ERBIX vs. GWOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERBIX Eaton Vance Richard Bernstein Equity Strategy Fund | 8.92% | 18.35% | 15.00% | 14.63% | -14.75% | 17.75% | 16.49% | 36.69% | -11.86% | 20.94% |
GWOAX GMO Global Developed Equity Allocation Fund | 17.69% | 28.37% | 6.14% | 22.49% | -14.10% | 18.53% | 10.53% | 26.56% | -12.95% | 25.63% |
Correlation
The correlation between ERBIX and GWOAX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.92 |
The correlation between ERBIX and GWOAX has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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
ERBIX vs. GWOAX — Risk / Return Rank
ERBIX
GWOAX
ERBIX vs. GWOAX - 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 Developed Equity Allocation Fund (GWOAX). 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.
| ERBIX | GWOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.47 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 3.86 | -2.03 |
| Martin ratioReturn relative to average drawdown | 7.88 | 15.33 | -7.44 |
Loading charts...
Drawdowns
ERBIX vs. GWOAX - Drawdown Comparison
The maximum ERBIX drawdown since its inception was -29.18%, smaller than the maximum GWOAX drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for ERBIX and GWOAX.
Loading charts...
Drawdown Indicators
| ERBIX | GWOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.18% | -49.84% | +20.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -8.78% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -16.11% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -24.32% | -26.21% | +1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -35.28% | +6.10% |
Current DrawdownCurrent decline from peak | -2.61% | 0.00% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -8.93% | +4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.21% | +0.21% |
Volatility
ERBIX vs. GWOAX - Volatility Comparison
Eaton Vance Richard Bernstein Equity Strategy Fund (ERBIX) has a higher volatility of 4.69% compared to GMO Global Developed Equity Allocation Fund (GWOAX) at 3.27%. This indicates that ERBIX's price experiences larger fluctuations and is considered to be riskier than GWOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ERBIX | GWOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 3.27% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 10.21% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.28% | 12.89% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 15.23% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 16.39% | -0.03% |
ERBIX vs. GWOAX - Expense Ratio Comparison
ERBIX has a 0.93% expense ratio, which is higher than GWOAX's 0.01% expense ratio.
Dividends
ERBIX vs. GWOAX - Dividend Comparison
ERBIX's dividend yield for the trailing twelve months is around 16.66%, more than GWOAX's 5.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERBIX Eaton Vance Richard Bernstein Equity Strategy Fund | 16.66% | 18.14% | 4.12% | 8.82% | 5.97% | 13.08% | 2.63% | 16.82% | 5.93% | 5.78% | 3.59% | 2.32% |
GWOAX GMO Global Developed Equity Allocation Fund | 5.37% | 4.46% | 0.60% | 6.10% | 7.27% | 12.75% | 3.85% | 4.33% | 3.02% | 3.05% | 6.43% | 12.47% |
Frequently Asked Questions
With a correlation of 0.91, ERBIX and GWOAX 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.
ERBIX has higher volatility (4.69%) compared to GWOAX (3.27%). In terms of maximum drawdown, ERBIX dropped -29.18% vs GWOAX's -49.84%.
GWOAX currently has the higher Sharpe Ratio (2.63 vs 1.34), 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 ERBIX and GWOAX
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