GHVIX vs. GBMFX
Compare and contrast key facts about GMO High Yield Fund (GHVIX) and GMO Benchmark-Free Allocation Fund (GBMFX).
GHVIX is managed by GMO. It was launched on Jun 25, 2018. GBMFX is managed by GMO. It was launched on Jul 22, 2003.
Performance
GHVIX vs. GBMFX - Performance Comparison
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GHVIX vs. GBMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GHVIX GMO High Yield Fund | -0.70% | 9.39% | 1.41% | 12.94% | -8.06% | 10.90% | 5.38% | 8.91% | 3.98% |
GBMFX GMO Benchmark-Free Allocation Fund | 5.61% | 22.89% | 4.33% | 13.46% | -2.24% | 2.97% | -2.50% | 11.62% | -3.25% |
Returns By Period
In the year-to-date period, GHVIX achieves a -0.70% return, which is significantly lower than GBMFX's 5.61% return.
GHVIX
- 1D
- 0.76%
- 1M
- -1.15%
- YTD
- -0.70%
- 6M
- 0.71%
- 1Y
- 7.02%
- 3Y*
- 6.23%
- 5Y*
- 4.64%
- 10Y*
- —
GBMFX
- 1D
- 1.07%
- 1M
- -3.00%
- YTD
- 5.61%
- 6M
- 11.79%
- 1Y
- 23.90%
- 3Y*
- 14.40%
- 5Y*
- 8.00%
- 10Y*
- 6.41%
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GHVIX vs. GBMFX - Expense Ratio Comparison
GHVIX has a 0.46% expense ratio, which is lower than GBMFX's 0.74% expense ratio.
Return for Risk
GHVIX vs. GBMFX — Risk / Return Rank
GHVIX
GBMFX
GHVIX vs. GBMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO High Yield Fund (GHVIX) and GMO Benchmark-Free Allocation Fund (GBMFX). 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.
| GHVIX | GBMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 3.02 | -1.30 |
Sortino ratioReturn per unit of downside risk | 2.47 | 4.00 | -1.53 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.61 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.28 | 3.91 | -1.63 |
Martin ratioReturn relative to average drawdown | 10.58 | 15.09 | -4.50 |
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
| GHVIX | GBMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 3.02 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 1.11 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.96 | -0.34 |
Correlation
The correlation between GHVIX and GBMFX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GHVIX vs. GBMFX - Dividend Comparison
GHVIX's dividend yield for the trailing twelve months is around 5.72%, more than GBMFX's 3.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHVIX GMO High Yield Fund | 5.72% | 5.68% | 7.96% | 4.37% | 8.11% | 19.00% | 2.10% | 7.76% | 3.83% | 0.00% | 0.00% | 0.00% |
GBMFX GMO Benchmark-Free Allocation Fund | 3.94% | 4.16% | 5.14% | 5.64% | 3.20% | 2.46% | 3.73% | 3.35% | 3.67% | 2.39% | 1.60% | 2.10% |
Drawdowns
GHVIX vs. GBMFX - Drawdown Comparison
The maximum GHVIX drawdown since its inception was -20.48%, smaller than the maximum GBMFX drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for GHVIX and GBMFX.
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Drawdown Indicators
| GHVIX | GBMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.48% | -23.40% | +2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -5.98% | +2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -13.54% | -14.42% | +0.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.40% | — |
Current DrawdownCurrent decline from peak | -1.50% | -3.64% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -2.69% | -3.29% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.57% | -0.88% |
Volatility
GHVIX vs. GBMFX - Volatility Comparison
The current volatility for GMO High Yield Fund (GHVIX) is 1.72%, while GMO Benchmark-Free Allocation Fund (GBMFX) has a volatility of 3.44%. This indicates that GHVIX experiences smaller price fluctuations and is considered to be less risky than GBMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHVIX | GBMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 3.44% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 5.30% | -3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 7.97% | -3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.60% | 7.22% | +1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.93% | 7.97% | +0.96% |