GABFX vs. GOFIX
GABFX (GMO Asset Allocation Bond Fund) and GOFIX (GMO Resources Fund) are both mutual funds - GABFX is a Inflation-Protected Bonds fund managed by GMO, while GOFIX is a Energy Equities fund managed by GMO. Over the past 10 years, GABFX returned 0.17%/yr vs 12.51%/yr for GOFIX. Their -0.01 correlation means they have often moved in opposite directions in the past. GABFX charges 0.32%/yr vs 0.72%/yr for GOFIX.
Performance
GABFX vs. GOFIX - 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 GOFIX's 20.94% return. Over the past 10 years, GABFX has underperformed GOFIX with an annualized return of 0.17%, while GOFIX has yielded a comparatively higher 12.51% annualized 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%
GOFIX
- 1D
- 2.31%
- 1M
- 3.73%
- 6M
- 4.43%
- YTD
- 20.94%
- 1Y
- 48.11%
- 3Y*
- 4.46%
- 5Y*
- 6.03%
- 10Y*
- 12.51%
- ALL TIME*
- 7.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
GOFIX GMO Resources Fund | $0.00 | $0.00 | $0.00 |
GABFX vs. GOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GABFX GMO Asset Allocation Bond Fund | -6.32% | 8.82% | -12.60% | 8.33% | -14.86% | 1.34% | 11.28% | 8.00% | 0.78% | 2.41% |
GOFIX GMO Resources Fund | 20.94% | 23.10% | -17.91% | -1.38% | -0.80% | 32.01% | 22.47% | 20.10% | -6.73% | 28.42% |
Correlation
The correlation between GABFX and GOFIX is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | -0.02 |
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Return for Risk
GABFX vs. GOFIX — Risk / Return Rank
GABFX
GOFIX
GABFX vs. GOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Asset Allocation Bond Fund (GABFX) and GMO Resources Fund (GOFIX). 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 | GOFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.36 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 3.06 | -3.25 |
| Martin ratioReturn relative to average drawdown | -0.41 | 9.48 | -9.88 |
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Drawdowns
GABFX vs. GOFIX - Drawdown Comparison
The maximum GABFX drawdown since its inception was -27.84%, smaller than the maximum GOFIX drawdown of -51.77%. Use the drawdown chart below to compare losses from any high point for GABFX and GOFIX.
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Drawdown Indicators
| GABFX | GOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.84% | -51.77% | +23.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -14.51% | +4.41% |
Max Drawdown (3Y)Largest decline over 3 years | -19.48% | -39.13% | +19.65% |
Max Drawdown (5Y)Largest decline over 5 years | -27.81% | -45.10% | +17.29% |
Max Drawdown (10Y)Largest decline over 10 years | -27.84% | -45.98% | +18.14% |
Current DrawdownCurrent decline from peak | -19.81% | -11.08% | -8.73% |
Average DrawdownAverage peak-to-trough decline | -7.40% | -13.56% | +6.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.70% | 4.69% | +0.01% |
Volatility
GABFX vs. GOFIX - Volatility Comparison
The current volatility for GMO Asset Allocation Bond Fund (GABFX) is 2.17%, while GMO Resources Fund (GOFIX) has a volatility of 5.66%. This indicates that GABFX experiences smaller price fluctuations and is considered to be less risky than GOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABFX | GOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 5.66% | -3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 6.62% | 15.20% | -8.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.70% | 20.56% | -10.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 25.25% | -11.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.39% | 25.14% | -14.75% |
GABFX vs. GOFIX - Expense Ratio Comparison
GABFX has a 0.32% expense ratio, which is lower than GOFIX's 0.72% expense ratio.
Dividends
GABFX vs. GOFIX - Dividend Comparison
GABFX's dividend yield for the trailing twelve months is around 2.93%, less than GOFIX's 5.09% 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% |
GOFIX GMO Resources Fund | 5.09% | 4.38% | 3.01% | 5.90% | 10.25% | 17.81% | 3.66% | 2.99% | 4.06% | 3.86% | 2.89% | 3.30% |
Frequently Asked Questions
GABFX and GOFIX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOFIX has higher volatility (5.66%) compared to GABFX (2.17%). In terms of maximum drawdown, GABFX dropped -27.84% vs GOFIX's -51.77%.
GOFIX currently has the higher Sharpe Ratio (2.18 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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