GAPAX vs. GWOAX
Compare and contrast key facts about Goldman Sachs Dynamic Global Equity Fund Class A (GAPAX) and GMO Global Developed Equity Allocation Fund (GWOAX).
GAPAX is managed by Goldman Sachs. It was launched on Jan 2, 1998. GWOAX is managed by GMO. It was launched on Jun 15, 2005.
Performance
GAPAX vs. GWOAX - Performance Comparison
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GAPAX vs. GWOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GAPAX Goldman Sachs Dynamic Global Equity Fund Class A | -5.21% | 21.27% | 24.08% | 20.25% | -19.30% | 20.10% | 13.19% | 31.33% | -11.39% | 25.97% |
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, GAPAX achieves a -5.21% return, which is significantly lower than GWOAX's 0.36% return. Over the past 10 years, GAPAX has outperformed GWOAX with an annualized return of 11.46%, while GWOAX has yielded a comparatively lower 10.74% annualized return.
GAPAX
- 1D
- -0.28%
- 1M
- -9.71%
- YTD
- -5.21%
- 6M
- -2.07%
- 1Y
- 16.98%
- 3Y*
- 16.93%
- 5Y*
- 9.44%
- 10Y*
- 11.46%
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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GAPAX vs. GWOAX - Expense Ratio Comparison
GAPAX has a 0.89% expense ratio, which is higher than GWOAX's 0.01% expense ratio.
Return for Risk
GAPAX vs. GWOAX — Risk / Return Rank
GAPAX
GWOAX
GAPAX vs. GWOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Dynamic Global Equity Fund Class A (GAPAX) 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.
| GAPAX | GWOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.62 | -0.66 |
Sortino ratioReturn per unit of downside risk | 1.41 | 2.24 | -0.83 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.33 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 2.07 | -1.01 |
Martin ratioReturn relative to average drawdown | 5.08 | 9.35 | -4.27 |
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
| GAPAX | GWOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.62 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.61 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.65 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.43 | -0.06 |
Correlation
The correlation between GAPAX and GWOAX is 0.95, 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
GAPAX vs. GWOAX - Dividend Comparison
GAPAX's dividend yield for the trailing twelve months is around 15.24%, more than GWOAX's 4.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAPAX Goldman Sachs Dynamic Global Equity Fund Class A | 15.24% | 14.45% | 14.69% | 5.01% | 6.35% | 12.40% | 2.34% | 9.86% | 2.64% | 1.96% | 1.16% | 0.97% |
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
GAPAX vs. GWOAX - Drawdown Comparison
The maximum GAPAX drawdown since its inception was -58.88%, which is greater than GWOAX's maximum drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for GAPAX and GWOAX.
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Drawdown Indicators
| GAPAX | GWOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.88% | -49.84% | -9.04% |
Max Drawdown (1Y)Largest decline over 1 year | -13.23% | -11.43% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -31.13% | -26.21% | -4.92% |
Max Drawdown (10Y)Largest decline over 10 years | -36.31% | -35.28% | -1.03% |
Current DrawdownCurrent decline from peak | -10.28% | -8.78% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -11.89% | -9.06% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.53% | +0.37% |
Volatility
GAPAX vs. GWOAX - Volatility Comparison
Goldman Sachs Dynamic Global Equity Fund Class A (GAPAX) has a higher volatility of 5.43% compared to GMO Global Developed Equity Allocation Fund (GWOAX) at 5.02%. This indicates that GAPAX'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
| GAPAX | GWOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 5.02% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.86% | 9.33% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 15.73% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 15.16% | +1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 16.46% | +1.48% |