GGMMX vs. GCCHX

Last updated Aug 1, 2026

GGMMX (Gabelli Global Mini MitesTM Fund) and GCCHX (GMO Climate Change Fund) are both Global Equities funds. Over the past 5 years, GGMMX returned 8.12%/yr vs 0.78%/yr for GCCHX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. GGMMX charges 0.90%/yr vs 0.77%/yr for GCCHX.

Performance

GGMMX vs. GCCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Global Mini MitesTM Fund (GGMMX) and GMO Climate Change Fund (GCCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGMMX achieves a 17.68% return, which is significantly higher than GCCHX's 10.46% return.

GGMMX

• 1D: 1.27%
• 1M: -1.53%
• 6M: 12.68%
• YTD: 17.68%
• 1Y: 30.59%
• 3Y*: 14.59%
• 5Y*: 8.12%
• 10Y*: —
• ALL TIME*: 11.62%

GCCHX

• 1D: 3.38%
• 1M: -3.29%
• 6M: 0.57%
• YTD: 10.46%
• 1Y: 40.74%
• 3Y*: -1.39%
• 5Y*: 0.78%
• 10Y*: —
• ALL TIME*: 9.04%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GCCHX GMO Climate Change Fund	$0.00	$0.00	$0.00
GGMMX Gabelli Global Mini MitesTM Fund	$0.00	$0.00	$0.00

GGMMX vs. GCCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GGMMX Gabelli Global Mini MitesTM Fund	17.68%	10.57%	1.65%	39.12%	-16.24%	19.30%	15.86%	3.52%
GCCHX GMO Climate Change Fund	10.46%	39.25%	-25.63%	-6.85%	-10.39%	21.84%	42.82%	18.34%

Correlation

The correlation between GGMMX and GCCHX is 0.65, 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.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (All Time) Calculated using the full available price history since May 20, 2019	0.72

The correlation between GGMMX and GCCHX has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.

Return for Risk

GGMMX vs. GCCHX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GGMMX

GGMMX Risk / Return Rank: 84
GGMMX Sharpe Ratio Rank: 82
GGMMX Sortino Ratio Rank: 83
GGMMX Omega Ratio Rank: 75
GGMMX Calmar Ratio Rank: 90
GGMMX Martin Ratio Rank: 88

GCCHX

GCCHX Risk / Return Rank: 61
GCCHX Sharpe Ratio Rank: 67
GCCHX Sortino Ratio Rank: 62
GCCHX Omega Ratio Rank: 58
GCCHX Calmar Ratio Rank: 68
GCCHX Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GGMMX vs. GCCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Mini MitesTM Fund (GGMMX) and GMO Climate Change Fund (GCCHX). 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.

	GGMMX	GCCHX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.58	+0.44
Sortino ratio: Return per unit of downside risk	2.96	2.16	+0.80
Omega ratio: Gain probability vs. loss probability	1.34	1.27	+0.07
Calmar ratio: Return relative to maximum drawdown	3.51	2.22	+1.30
Martin ratio: Return relative to average drawdown	11.67	6.75	+4.92

GGMMX vs. GCCHX - Sharpe Ratio Comparison

The current GGMMX Sharpe Ratio is 2.01, which is comparable to the GCCHX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of GGMMX and GCCHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GGMMX vs. GCCHX - Drawdown Comparison

The maximum GGMMX drawdown since its inception was -40.23%, smaller than the maximum GCCHX drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for GGMMX and GCCHX.

Drawdown Indicators

	GGMMX	GCCHX	Difference
Max Drawdown Largest peak-to-trough decline	-40.23%	-54.32%	+14.09%
Max Drawdown (1Y) Largest decline over 1 year	-8.11%	-17.06%	+8.95%
Max Drawdown (3Y) Largest decline over 3 years	-23.46%	-48.16%	+24.70%
Max Drawdown (5Y) Largest decline over 5 years	-28.23%	-54.32%	+26.09%
Current Drawdown Current decline from peak	-3.43%	-14.26%	+10.83%
Average Drawdown Average peak-to-trough decline	-9.66%	-13.85%	+4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	5.60%	-3.16%

Volatility

GGMMX vs. GCCHX - Volatility Comparison

The current volatility for Gabelli Global Mini MitesTM Fund (GGMMX) is 3.91%, while GMO Climate Change Fund (GCCHX) has a volatility of 6.52%. This indicates that GGMMX experiences smaller price fluctuations and is considered to be less risky than GCCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGMMX	GCCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	6.52%	-2.61%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	18.44%	-7.40%
Volatility (1Y) Calculated over the trailing 1-year period	14.23%	24.04%	-9.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.82%	27.22%	-9.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.95%	25.19%	-5.24%

GGMMX vs. GCCHX - Expense Ratio Comparison

GGMMX has a 0.90% expense ratio, which is higher than GCCHX's 0.77% expense ratio.

Dividends

GGMMX vs. GCCHX - Dividend Comparison

GGMMX's dividend yield for the trailing twelve months is around 5.75%, more than GCCHX's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GCCHX GMO Climate Change Fund	2.12%	1.51%	0.66%	0.96%	2.24%	25.43%	5.42%	4.03%	2.62%	3.43%
GGMMX Gabelli Global Mini MitesTM Fund	5.75%	6.77%	0.00%	11.14%	6.22%	14.98%	0.54%	3.96%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GGMMX and GCCHX in my portfolio?

GGMMX and GCCHX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGMMX or GCCHX?

GCCHX has higher volatility (6.52%) compared to GGMMX (3.91%). In terms of maximum drawdown, GGMMX dropped -40.23% vs GCCHX's -54.32%.

Which has better risk-adjusted returns?

GGMMX currently has the higher Sharpe Ratio (2.01 vs 1.58), 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.