GIMFX vs. FFAAX
GIMFX (GMO Implementation Fund) and FFAAX (Franklin Global Allocation Fund) are both Global Allocation funds. Over the past 10 years, GIMFX returned 7.33%/yr vs 8.17%/yr for FFAAX. A 0.76 correlation means they provide meaningful diversification when combined. GIMFX charges 0.02%/yr vs 0.66%/yr for FFAAX.
Performance
GIMFX vs. FFAAX - Performance Comparison
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Returns By Period
In the year-to-date period, GIMFX achieves a 12.47% return, which is significantly higher than FFAAX's 8.12% return. Over the past 10 years, GIMFX has underperformed FFAAX with an annualized return of 7.33%, while FFAAX has yielded a comparatively higher 8.17% annualized return.
GIMFX
- 1D
- 0.06%
- 1M
- 0.53%
- YTD
- 12.47%
- 6M
- 12.76%
- 1Y
- 29.80%
- 3Y*
- 16.81%
- 5Y*
- 9.89%
- 10Y*
- 7.33%
FFAAX
- 1D
- -0.22%
- 1M
- 1.14%
- YTD
- 8.12%
- 6M
- 7.69%
- 1Y
- 19.34%
- 3Y*
- 14.96%
- 5Y*
- 8.45%
- 10Y*
- 8.17%
GIMFX vs. FFAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIMFX GMO Implementation Fund | 12.47% | 25.37% | 2.67% | 14.75% | -1.24% | 4.05% | -7.25% | 13.24% | -5.58% | 14.09% |
FFAAX Franklin Global Allocation Fund | 8.12% | 16.24% | 13.12% | 13.24% | -11.61% | 12.01% | 1.70% | 18.06% | -9.60% | 11.59% |
Correlation
The correlation between GIMFX and FFAAX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.76 |
The correlation between GIMFX and FFAAX has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.
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Return for Risk
GIMFX vs. FFAAX — Risk / Return Rank
GIMFX
FFAAX
GIMFX vs. FFAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Implementation Fund (GIMFX) and Franklin Global Allocation Fund (FFAAX). 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.
| GIMFX | FFAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.42 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 3.02 | +1.60 |
| Martin ratioReturn relative to average drawdown | 17.63 | 13.37 | +4.26 |
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Drawdowns
GIMFX vs. FFAAX - Drawdown Comparison
The maximum GIMFX drawdown since its inception was -25.87%, smaller than the maximum FFAAX drawdown of -52.89%. Use the drawdown chart below to compare losses from any high point for GIMFX and FFAAX.
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Drawdown Indicators
| GIMFX | FFAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.87% | -52.89% | +27.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -6.64% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -8.02% | -10.89% | +2.87% |
Max Drawdown (5Y)Largest decline over 5 years | -13.20% | -18.17% | +4.97% |
Max Drawdown (10Y)Largest decline over 10 years | -25.87% | -30.09% | +4.22% |
Current DrawdownCurrent decline from peak | -1.49% | -0.32% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -4.28% | -7.11% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.50% | +0.21% |
Volatility
GIMFX vs. FFAAX - Volatility Comparison
The current volatility for GMO Implementation Fund (GIMFX) is 2.68%, while Franklin Global Allocation Fund (FFAAX) has a volatility of 3.52%. This indicates that GIMFX experiences smaller price fluctuations and is considered to be less risky than FFAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIMFX | FFAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 3.52% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 6.57% | 7.67% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.22% | 9.11% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.62% | 10.12% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.99% | 11.49% | -2.50% |
GIMFX vs. FFAAX - Expense Ratio Comparison
GIMFX has a 0.02% expense ratio, which is lower than FFAAX's 0.66% expense ratio.
Dividends
GIMFX vs. FFAAX - Dividend Comparison
GIMFX's dividend yield for the trailing twelve months is around 3.80%, less than FFAAX's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFAAX Franklin Global Allocation Fund | 4.96% | 5.12% | 1.33% | 1.88% | 4.66% | 0.90% | 7.65% | 3.24% | 4.24% | 3.19% | 2.40% | 3.22% |
GIMFX GMO Implementation Fund | 3.80% | 4.28% | 3.39% | 5.93% | 3.59% | 3.28% | 2.25% | 3.99% | 4.59% | 2.95% | 1.98% | 0.00% |
Frequently Asked Questions
GIMFX and FFAAX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFAAX has higher volatility (3.52%) compared to GIMFX (2.68%). In terms of maximum drawdown, GIMFX dropped -25.87% vs FFAAX's -52.89%.
GIMFX currently has the higher Sharpe Ratio (3.69 vs 2.21), 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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