GBFFX vs. TTMIX
GBFFX (GMO Benchmark-Free Fund) and TTMIX (T. Rowe Price Total Return Fund Class I) are both Global Allocation funds. Over the past 10 years, GBFFX returned 6.99%/yr vs 13.22%/yr for TTMIX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. GBFFX charges 0.35%/yr vs 0.37%/yr for TTMIX.
Performance
GBFFX vs. TTMIX - Performance Comparison
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Returns By Period
In the year-to-date period, GBFFX achieves a 13.32% return, which is significantly higher than TTMIX's -5.87% return. Over the past 10 years, GBFFX has underperformed TTMIX with an annualized return of 6.99%, while TTMIX has yielded a comparatively higher 13.22% annualized return.
GBFFX
- 1D
- 0.86%
- 1M
- 3.35%
- 6M
- 8.61%
- YTD
- 13.32%
- 1Y
- 26.59%
- 3Y*
- 14.01%
- 5Y*
- 9.38%
- 10Y*
- 6.99%
- ALL TIME*
- 6.38%
TTMIX
- 1D
- 0.85%
- 1M
- -5.00%
- 6M
- -4.11%
- YTD
- -5.87%
- 1Y
- -6.48%
- 3Y*
- 14.51%
- 5Y*
- 2.29%
- 10Y*
- 13.22%
- ALL TIME*
- 13.86%
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 |
GBFFX vs. TTMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBFFX GMO Benchmark-Free Fund | 13.32% | 24.07% | 0.40% | 15.24% | -3.36% | 4.38% | -3.35% | 13.79% | -7.12% | 17.06% |
TTMIX T. Rowe Price Total Return Fund Class I | -5.87% | 6.97% | 38.33% | 39.41% | -40.85% | 9.92% | 53.86% | 35.84% | -1.73% | 33.14% |
Correlation
The correlation between GBFFX and TTMIX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2016 | 0.51 |
The correlation between GBFFX and TTMIX has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
GBFFX vs. TTMIX — Risk / Return Rank
GBFFX
TTMIX
GBFFX vs. TTMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Benchmark-Free Fund (GBFFX) and T. Rowe Price Total Return Fund Class I (TTMIX). 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.
| GBFFX | TTMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.18 | ||
| Sortino ratioReturn per unit of downside risk | +5.88 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 0.94 | +0.81 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | -0.42 | +5.11 |
| Martin ratioReturn relative to average drawdown | 17.01 | -0.91 | +17.92 |
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Drawdowns
GBFFX vs. TTMIX - Drawdown Comparison
The maximum GBFFX drawdown since its inception was -26.62%, smaller than the maximum TTMIX drawdown of -47.11%. Use the drawdown chart below to compare losses from any high point for GBFFX and TTMIX.
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Drawdown Indicators
| GBFFX | TTMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -47.11% | +20.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -17.25% | +11.58% |
Max Drawdown (3Y)Largest decline over 3 years | -10.18% | -20.68% | +10.50% |
Max Drawdown (5Y)Largest decline over 5 years | -15.16% | -47.11% | +31.95% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | -47.11% | +20.49% |
Current DrawdownCurrent decline from peak | 0.00% | -13.27% | +13.27% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -10.25% | +5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 8.00% | -6.44% |
Volatility
GBFFX vs. TTMIX - Volatility Comparison
The current volatility for GMO Benchmark-Free Fund (GBFFX) is 1.83%, while T. Rowe Price Total Return Fund Class I (TTMIX) has a volatility of 5.72%. This indicates that GBFFX experiences smaller price fluctuations and is considered to be less risky than TTMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBFFX | TTMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 5.72% | -3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 5.84% | 13.45% | -7.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.14% | 16.16% | -9.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.11% | 21.46% | -13.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.03% | 20.82% | -11.79% |
GBFFX vs. TTMIX - Expense Ratio Comparison
GBFFX has a 0.35% expense ratio, which is lower than TTMIX's 0.37% expense ratio.
Dividends
GBFFX vs. TTMIX - Dividend Comparison
GBFFX's dividend yield for the trailing twelve months is around 4.90%, less than TTMIX's 26.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBFFX GMO Benchmark-Free Fund | 4.90% | 5.11% | 1.81% | 5.72% | 5.48% | 4.60% | 3.32% | 4.00% | 3.92% | 2.90% | 2.72% | 6.67% |
TTMIX T. Rowe Price Total Return Fund Class I | 26.85% | 25.27% | 7.45% | 7.80% | 17.43% | 8.53% | 5.27% | 2.44% | 1.41% | 2.47% | 2.23% | 0.00% |
Frequently Asked Questions
GBFFX and TTMIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTMIX has higher volatility (5.72%) compared to GBFFX (1.83%). In terms of maximum drawdown, GBFFX dropped -26.62% vs TTMIX's -47.11%.
GBFFX currently has the higher Sharpe Ratio (3.73 vs -0.45), 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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