GBFFX vs. PDRDX
Compare and contrast key facts about GMO Benchmark-Free Fund (GBFFX) and Principal Diversified Real Asset Fund (PDRDX).
GBFFX is managed by GMO. It was launched on Jun 14, 2011. PDRDX is managed by Principal. It was launched on Mar 15, 2010.
Performance
GBFFX vs. PDRDX - Performance Comparison
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GBFFX vs. PDRDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBFFX GMO Benchmark-Free Fund | 5.76% | 24.07% | 0.40% | 15.24% | -3.36% | 4.38% | -3.35% | 13.79% | -7.12% | 17.06% |
PDRDX Principal Diversified Real Asset Fund | 10.54% | 14.63% | 3.09% | 3.22% | -6.19% | 17.30% | 3.97% | 15.02% | -7.90% | 10.18% |
Returns By Period
In the year-to-date period, GBFFX achieves a 5.76% return, which is significantly lower than PDRDX's 10.54% return. Both investments have delivered pretty close results over the past 10 years, with GBFFX having a 6.70% annualized return and PDRDX not far behind at 6.67%.
GBFFX
- 1D
- 1.05%
- 1M
- -2.94%
- YTD
- 5.76%
- 6M
- 12.11%
- 1Y
- 24.44%
- 3Y*
- 13.80%
- 5Y*
- 7.51%
- 10Y*
- 6.70%
PDRDX
- 1D
- 1.20%
- 1M
- -3.08%
- YTD
- 10.54%
- 6M
- 13.20%
- 1Y
- 22.43%
- 3Y*
- 10.02%
- 5Y*
- 7.13%
- 10Y*
- 6.67%
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GBFFX vs. PDRDX - Expense Ratio Comparison
GBFFX has a 0.35% expense ratio, which is lower than PDRDX's 0.83% expense ratio.
Return for Risk
GBFFX vs. PDRDX — Risk / Return Rank
GBFFX
PDRDX
GBFFX vs. PDRDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Benchmark-Free Fund (GBFFX) and Principal Diversified Real Asset Fund (PDRDX). 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.
| GBFFX | PDRDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.08 | 2.01 | +1.07 |
Sortino ratioReturn per unit of downside risk | 4.08 | 2.64 | +1.44 |
Omega ratioGain probability vs. loss probability | 1.63 | 1.41 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 3.94 | 2.52 | +1.42 |
Martin ratioReturn relative to average drawdown | 15.49 | 13.70 | +1.79 |
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
| GBFFX | PDRDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.08 | 2.01 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.65 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.62 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.50 | +0.15 |
Correlation
The correlation between GBFFX and PDRDX is 0.74, 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
GBFFX vs. PDRDX - Dividend Comparison
GBFFX's dividend yield for the trailing twelve months is around 4.84%, more than PDRDX's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBFFX GMO Benchmark-Free Fund | 4.84% | 5.11% | 1.81% | 5.72% | 5.48% | 4.60% | 3.32% | 4.00% | 3.92% | 2.90% | 2.72% | 6.67% |
PDRDX Principal Diversified Real Asset Fund | 3.88% | 4.19% | 2.43% | 2.52% | 12.88% | 6.56% | 0.52% | 2.36% | 3.47% | 2.21% | 2.61% | 0.99% |
Drawdowns
GBFFX vs. PDRDX - Drawdown Comparison
The maximum GBFFX drawdown since its inception was -26.62%, smaller than the maximum PDRDX drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for GBFFX and PDRDX.
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Drawdown Indicators
| GBFFX | PDRDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -28.55% | +1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.04% | -9.19% | +3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -19.35% | +3.44% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | -28.55% | +1.93% |
Current DrawdownCurrent decline from peak | -3.58% | -3.08% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -6.03% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.69% | -0.13% |
Volatility
GBFFX vs. PDRDX - Volatility Comparison
The current volatility for GMO Benchmark-Free Fund (GBFFX) is 3.36%, while Principal Diversified Real Asset Fund (PDRDX) has a volatility of 3.84%. This indicates that GBFFX experiences smaller price fluctuations and is considered to be less risky than PDRDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBFFX | PDRDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 3.84% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 7.37% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.98% | 11.36% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.02% | 10.96% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 10.77% | -1.70% |