FGEAX vs. GWOAX
Compare and contrast key facts about Fidelity Advisor Global Capital Appreciation Fund Class A (FGEAX) and GMO Global Developed Equity Allocation Fund (GWOAX).
FGEAX is managed by Fidelity. It was launched on Dec 17, 1998. GWOAX is managed by GMO. It was launched on Jun 15, 2005.
Performance
FGEAX vs. GWOAX - Performance Comparison
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FGEAX vs. GWOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGEAX Fidelity Advisor Global Capital Appreciation Fund Class A | -9.12% | 17.85% | 38.32% | 28.50% | -24.70% | 18.91% | 24.36% | 22.81% | -18.25% | 30.07% |
GWOAX GMO Global Developed Equity Allocation Fund | 0.36% | 28.37% | 6.14% | 22.49% | -14.10% | 18.53% | 10.53% | 26.56% | -12.95% | 25.63% |
Returns By Period
In the year-to-date period, FGEAX achieves a -9.12% return, which is significantly lower than GWOAX's 0.36% return. Both investments have delivered pretty close results over the past 10 years, with FGEAX having a 11.30% annualized return and GWOAX not far behind at 10.74%.
FGEAX
- 1D
- -0.86%
- 1M
- -10.00%
- YTD
- -9.12%
- 6M
- -6.48%
- 1Y
- 12.17%
- 3Y*
- 20.65%
- 5Y*
- 10.98%
- 10Y*
- 11.30%
GWOAX
- 1D
- -0.13%
- 1M
- -8.51%
- YTD
- 0.36%
- 6M
- 7.28%
- 1Y
- 25.54%
- 3Y*
- 16.14%
- 5Y*
- 9.19%
- 10Y*
- 10.74%
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FGEAX vs. GWOAX - Expense Ratio Comparison
FGEAX has a 1.15% expense ratio, which is higher than GWOAX's 0.01% expense ratio.
Return for Risk
FGEAX vs. GWOAX — Risk / Return Rank
FGEAX
GWOAX
FGEAX vs. GWOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Capital Appreciation Fund Class A (FGEAX) 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.
| FGEAX | GWOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 1.62 | -1.01 |
Sortino ratioReturn per unit of downside risk | 0.96 | 2.24 | -1.28 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.33 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 2.07 | -1.33 |
Martin ratioReturn relative to average drawdown | 2.82 | 9.35 | -6.53 |
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
| FGEAX | GWOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 1.62 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.61 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.65 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.43 | -0.07 |
Correlation
The correlation between FGEAX and GWOAX is 0.88, 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
FGEAX vs. GWOAX - Dividend Comparison
FGEAX's dividend yield for the trailing twelve months is around 10.64%, more than GWOAX's 4.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGEAX Fidelity Advisor Global Capital Appreciation Fund Class A | 10.64% | 9.67% | 14.80% | 6.42% | 0.00% | 8.01% | 0.00% | 0.40% | 10.62% | 13.66% | 1.03% | 0.57% |
GWOAX GMO Global Developed Equity Allocation Fund | 4.45% | 4.46% | 0.60% | 6.10% | 7.27% | 12.75% | 3.85% | 4.33% | 3.02% | 3.05% | 6.43% | 12.47% |
Drawdowns
FGEAX vs. GWOAX - Drawdown Comparison
The maximum FGEAX drawdown since its inception was -61.78%, which is greater than GWOAX's maximum drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for FGEAX and GWOAX.
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Drawdown Indicators
| FGEAX | GWOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.78% | -49.84% | -11.94% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -11.43% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -32.93% | -26.21% | -6.72% |
Max Drawdown (10Y)Largest decline over 10 years | -33.04% | -35.28% | +2.24% |
Current DrawdownCurrent decline from peak | -13.03% | -8.78% | -4.25% |
Average DrawdownAverage peak-to-trough decline | -13.35% | -9.06% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 2.53% | +0.90% |
Volatility
FGEAX vs. GWOAX - Volatility Comparison
Fidelity Advisor Global Capital Appreciation Fund Class A (FGEAX) has a higher volatility of 7.03% compared to GMO Global Developed Equity Allocation Fund (GWOAX) at 5.02%. This indicates that FGEAX'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.
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Volatility by Period
| FGEAX | GWOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.03% | 5.02% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 9.33% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.01% | 15.73% | +4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 15.16% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.43% | 16.46% | +1.97% |