GBATX vs. RALIX
GBATX (GMO Strategic Opportunities Allocation Fund) and RALIX (Lazard Real Assets Portfolio) are both Global Allocation funds. Over the past 5 years, GBATX returned 9.69%/yr vs 6.98%/yr for RALIX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. GBATX charges 0.32%/yr vs 0.80%/yr for RALIX.
Performance
GBATX vs. RALIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GBATX having a 13.89% return and RALIX slightly lower at 13.88%.
GBATX
- 1D
- 1.18%
- 1M
- 1.98%
- 6M
- 8.92%
- YTD
- 13.89%
- 1Y
- 27.90%
- 3Y*
- 16.49%
- 5Y*
- 9.69%
- 10Y*
- 9.12%
- ALL TIME*
- 7.70%
RALIX
- 1D
- 0.43%
- 1M
- 2.52%
- 6M
- 7.73%
- YTD
- 13.88%
- 1Y
- 22.53%
- 3Y*
- 12.25%
- 5Y*
- 6.98%
- 10Y*
- —
- ALL TIME*
- 6.94%
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 |
GBATX vs. RALIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBATX GMO Strategic Opportunities Allocation Fund | 13.89% | 24.71% | 5.50% | 17.36% | -11.27% | 12.12% | 4.83% | 19.59% | -9.41% | 19.30% |
RALIX Lazard Real Assets Portfolio | 13.88% | 15.60% | 5.91% | 4.43% | -8.99% | 22.32% | 0.61% | 16.07% | -7.59% | 8.60% |
Correlation
The correlation between GBATX and RALIX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.72 |
Over the past year, the correlation between GBATX and RALIX has dropped to 0.51 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
GBATX vs. RALIX — Risk / Return Rank
GBATX
RALIX
GBATX vs. RALIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Strategic Opportunities Allocation Fund (GBATX) and Lazard Real Assets Portfolio (RALIX). 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.
| GBATX | RALIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.43 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 3.91 | -0.05 |
| Martin ratioReturn relative to average drawdown | 14.44 | 12.04 | +2.40 |
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Drawdowns
GBATX vs. RALIX - Drawdown Comparison
The maximum GBATX drawdown since its inception was -35.37%, which is greater than RALIX's maximum drawdown of -24.00%. Use the drawdown chart below to compare losses from any high point for GBATX and RALIX.
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Drawdown Indicators
| GBATX | RALIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.37% | -24.00% | -11.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.06% | -5.46% | -1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -9.98% | -9.72% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -22.58% | -22.03% | -0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -29.68% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.22% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -5.70% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.77% | +0.11% |
Volatility
GBATX vs. RALIX - Volatility Comparison
GMO Strategic Opportunities Allocation Fund (GBATX) has a higher volatility of 2.55% compared to Lazard Real Assets Portfolio (RALIX) at 2.35%. This indicates that GBATX's price experiences larger fluctuations and is considered to be riskier than RALIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBATX | RALIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 2.35% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 7.20% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.68% | 8.95% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.07% | 11.83% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.01% | 11.15% | +0.86% |
GBATX vs. RALIX - Expense Ratio Comparison
GBATX has a 0.32% expense ratio, which is lower than RALIX's 0.80% expense ratio.
Dividends
GBATX vs. RALIX - Dividend Comparison
GBATX's dividend yield for the trailing twelve months is around 15.39%, more than RALIX's 8.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBATX GMO Strategic Opportunities Allocation Fund | 15.39% | 13.65% | 5.97% | 6.04% | 10.08% | 24.22% | 4.29% | 5.17% | 9.77% | 2.98% | 2.84% | 9.67% |
RALIX Lazard Real Assets Portfolio | 8.43% | 7.04% | 3.07% | 2.93% | 7.65% | 11.84% | 3.93% | 2.24% | 5.27% | 1.69% | 0.00% | 0.00% |
Frequently Asked Questions
GBATX and RALIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GBATX has higher volatility (2.55%) compared to RALIX (2.35%). In terms of maximum drawdown, GBATX dropped -35.37% vs RALIX's -24.00%.
GBATX currently has the higher Sharpe Ratio (2.82 vs 2.40), 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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