GBATX vs. WMRIX

Last updated Jun 4, 2026

GBATX (GMO Strategic Opportunities Allocation Fund) and WMRIX (Wilmington Real Asset Fund) are both Global Allocation funds. Over the past 10 years, GBATX returned 9.37%/yr vs 5.81%/yr for WMRIX. A 0.67 correlation means they provide meaningful diversification when combined. GBATX charges 0.32%/yr vs 0.64%/yr for WMRIX.

Performance

GBATX vs. WMRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Strategic Opportunities Allocation Fund (GBATX) and Wilmington Real Asset Fund (WMRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GBATX achieves a 13.74% return, which is significantly lower than WMRIX's 15.58% return. Over the past 10 years, GBATX has outperformed WMRIX with an annualized return of 9.37%, while WMRIX has yielded a comparatively lower 5.81% annualized return.

GBATX

• 1D: 0.44%
• 1M: 5.47%
• YTD: 13.74%
• 6M: 15.46%
• 1Y: 31.92%
• 3Y*: 18.67%
• 5Y*: 8.76%
• 10Y*: 9.37%

WMRIX

• 1D: 0.30%
• 1M: -2.16%
• YTD: 15.58%
• 6M: 15.13%
• 1Y: 23.45%
• 3Y*: 12.31%
• 5Y*: 5.78%
• 10Y*: 5.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GBATX vs. WMRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GBATX GMO Strategic Opportunities Allocation Fund	13.74%	24.71%	5.50%	17.36%	-11.27%	12.12%	4.83%	19.59%	-9.41%	19.30%
WMRIX Wilmington Real Asset Fund	15.58%	12.79%	2.57%	1.12%	-8.03%	21.49%	-2.19%	16.85%	-7.21%	11.81%

Correlation

The correlation between GBATX and WMRIX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jun 1, 2005	0.67

Over the past year, the correlation between GBATX and WMRIX has dropped to 0.38 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

Return for Risk

GBATX vs. WMRIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GBATX

GBATX Risk / Return Rank: 91
GBATX Sharpe Ratio Rank: 95
GBATX Sortino Ratio Rank: 94
GBATX Omega Ratio Rank: 90
GBATX Calmar Ratio Rank: 89
GBATX Martin Ratio Rank: 89

WMRIX

WMRIX Risk / Return Rank: 84
WMRIX Sharpe Ratio Rank: 83
WMRIX Sortino Ratio Rank: 73
WMRIX Omega Ratio Rank: 74
WMRIX Calmar Ratio Rank: 96
WMRIX Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GBATX vs. WMRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Strategic Opportunities Allocation Fund (GBATX) and Wilmington Real Asset Fund (WMRIX). 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.

	GBATX	WMRIX	Difference
Sharpe ratio: Return per unit of total volatility	3.46	2.69	+0.77
Sortino ratio: Return per unit of downside risk	4.86	3.56	+1.31
Omega ratio: Gain probability vs. loss probability	1.66	1.49	+0.17
Calmar ratio: Return relative to maximum drawdown	4.54	6.27	-1.73
Martin ratio: Return relative to average drawdown	17.44	19.33	-1.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GBATX vs. WMRIX - Sharpe Ratio Comparison

The current GBATX Sharpe Ratio is 3.46, which is comparable to the WMRIX Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of GBATX and WMRIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GBATX	WMRIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.46	2.69	+0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.50	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.47	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.56	+0.08

Drawdowns

GBATX vs. WMRIX - Drawdown Comparison

The maximum GBATX drawdown since its inception was -35.37%, smaller than the maximum WMRIX drawdown of -37.84%. Use the drawdown chart below to compare losses from any high point for GBATX and WMRIX.

Drawdown Indicators

	GBATX	WMRIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.37%	-37.84%	+2.47%
Max Drawdown (1Y) Largest decline over 1 year	-7.06%	-3.74%	-3.32%
Max Drawdown (3Y) Largest decline over 3 years	-9.98%	-10.95%	+0.97%
Max Drawdown (5Y) Largest decline over 5 years	-22.58%	-22.03%	-0.55%
Max Drawdown (10Y) Largest decline over 10 years	-29.68%	-31.27%	+1.59%
Current Drawdown Current decline from peak	0.00%	-3.23%	+3.23%
Average Drawdown Average peak-to-trough decline	-5.57%	-7.17%	+1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	1.21%	+0.62%

Volatility

GBATX vs. WMRIX - Volatility Comparison

GMO Strategic Opportunities Allocation Fund (GBATX) has a higher volatility of 3.00% compared to Wilmington Real Asset Fund (WMRIX) at 2.58%. This indicates that GBATX's price experiences larger fluctuations and is considered to be riskier than WMRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GBATX	WMRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	2.58%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	7.19%	6.76%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	9.28%	8.81%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.06%	11.51%	-0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.07%	12.51%	-0.44%

GBATX vs. WMRIX - Expense Ratio Comparison

GBATX has a 0.32% expense ratio, which is lower than WMRIX's 0.64% expense ratio.

Dividends

GBATX vs. WMRIX - Dividend Comparison

GBATX's dividend yield for the trailing twelve months is around 12.00%, more than WMRIX's 6.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GBATX GMO Strategic Opportunities Allocation Fund	12.00%	13.65%	5.97%	6.04%	10.08%	24.22%	4.29%	5.17%	9.77%	2.98%	2.84%	9.67%
WMRIX Wilmington Real Asset Fund	6.19%	7.15%	1.02%	3.51%	6.07%	9.29%	1.99%	3.03%	2.84%	2.73%	0.00%	5.31%

Frequently Asked Questions

Can I hold both GBATX and WMRIX in my portfolio?

GBATX and WMRIX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GBATX or WMRIX?

GBATX has higher volatility (3.00%) compared to WMRIX (2.58%). In terms of maximum drawdown, GBATX dropped -35.37% vs WMRIX's -37.84%.

Which has better risk-adjusted returns?

GBATX currently has the higher Sharpe Ratio (3.46 vs 2.69), 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.