GABFX vs. GMOQX
GABFX (GMO Asset Allocation Bond Fund) and GMOQX (GMO Emerging Country Debt Fund Class VI) are both mutual funds - GABFX is a Inflation-Protected Bonds fund managed by GMO, while GMOQX is a Emerging Markets Bonds fund actively managed by GMO. Over the past 3 years, GABFX returned -1.49%/yr vs 17.18%/yr for GMOQX. Their 0.41 correlation means their historical movements had little consistent relationship. GABFX charges 0.32%/yr vs 0.51%/yr for GMOQX.
Performance
GABFX vs. GMOQX - Performance Comparison
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Returns By Period
In the year-to-date period, GABFX achieves a -6.32% return, which is significantly lower than GMOQX's 8.19% return.
GABFX
- 1D
- -0.51%
- 1M
- -2.02%
- 6M
- -5.61%
- YTD
- -6.32%
- 1Y
- -4.62%
- 3Y*
- -1.49%
- 5Y*
- -4.23%
- 10Y*
- 0.17%
- ALL TIME*
- 0.99%
GMOQX
- 1D
- -0.37%
- 1M
- -1.02%
- 6M
- 4.16%
- YTD
- 8.19%
- 1Y
- 19.82%
- 3Y*
- 17.18%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.62%
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 |
GABFX vs. GMOQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GABFX GMO Asset Allocation Bond Fund | -6.32% | 8.82% | -12.60% | 8.33% | -14.86% | -1.59% |
GMOQX GMO Emerging Country Debt Fund Class VI | 8.19% | 22.45% | 12.60% | 17.76% | -16.26% | -2.20% |
Correlation
The correlation between GABFX and GMOQX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2021 | 0.41 |
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Return for Risk
GABFX vs. GMOQX — Risk / Return Rank
GABFX
GMOQX
GABFX vs. GMOQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Asset Allocation Bond Fund (GABFX) and GMO Emerging Country Debt Fund Class VI (GMOQX). 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.
| GABFX | GMOQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.96 | ||
| Sortino ratioReturn per unit of downside risk | -6.87 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.88 | -0.91 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 5.22 | -5.41 |
| Martin ratioReturn relative to average drawdown | -0.41 | 21.93 | -22.34 |
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Drawdowns
GABFX vs. GMOQX - Drawdown Comparison
The maximum GABFX drawdown since its inception was -27.84%, smaller than the maximum GMOQX drawdown of -31.41%. Use the drawdown chart below to compare losses from any high point for GABFX and GMOQX.
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Drawdown Indicators
| GABFX | GMOQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.84% | -31.41% | +3.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -3.82% | -6.28% |
Max Drawdown (3Y)Largest decline over 3 years | -19.48% | -9.02% | -10.46% |
Max Drawdown (5Y)Largest decline over 5 years | -27.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.84% | — | — |
Current DrawdownCurrent decline from peak | -19.81% | -1.42% | -18.39% |
Average DrawdownAverage peak-to-trough decline | -7.40% | -9.41% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.70% | 0.91% | +3.79% |
Volatility
GABFX vs. GMOQX - Volatility Comparison
GMO Asset Allocation Bond Fund (GABFX) has a higher volatility of 2.17% compared to GMO Emerging Country Debt Fund Class VI (GMOQX) at 0.99%. This indicates that GABFX's price experiences larger fluctuations and is considered to be riskier than GMOQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABFX | GMOQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 0.99% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 6.62% | 4.00% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.70% | 5.31% | +4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 10.72% | +3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.39% | 10.72% | -0.33% |
GABFX vs. GMOQX - Expense Ratio Comparison
GABFX has a 0.32% expense ratio, which is lower than GMOQX's 0.51% expense ratio.
Dividends
GABFX vs. GMOQX - Dividend Comparison
GABFX's dividend yield for the trailing twelve months is around 2.93%, less than GMOQX's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABFX GMO Asset Allocation Bond Fund | 2.93% | 2.69% | 4.19% | 5.03% | 0.71% | 1.81% | 1.20% | 4.72% | 5.13% | 1.07% | 0.00% | 7.43% |
GMOQX GMO Emerging Country Debt Fund Class VI | 4.57% | 6.37% | 6.23% | 10.36% | 13.87% | 7.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GABFX and GMOQX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GABFX has higher volatility (2.17%) compared to GMOQX (0.99%). In terms of maximum drawdown, GABFX dropped -27.84% vs GMOQX's -31.41%.
GMOQX currently has the higher Sharpe Ratio (3.76 vs -0.20), 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.
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