GIMFX vs. GABFX
GIMFX (GMO Implementation Fund) and GABFX (GMO Asset Allocation Bond Fund) are both mutual funds - GIMFX is a Global Allocation fund managed by GMO, while GABFX is a Inflation-Protected Bonds fund managed by GMO. Over the past 10 years, GIMFX returned 7.21%/yr vs 0.39%/yr for GABFX. At a 0.11 correlation, their price movements are largely independent. GIMFX charges 0.02%/yr vs 0.32%/yr for GABFX.
Performance
GIMFX vs. GABFX - Performance Comparison
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Returns By Period
In the year-to-date period, GIMFX achieves a 11.23% return, which is significantly higher than GABFX's -4.60% return. Over the past 10 years, GIMFX has outperformed GABFX with an annualized return of 7.21%, while GABFX has yielded a comparatively lower 0.39% annualized return.
GIMFX
- 1D
- -1.10%
- 1M
- -0.58%
- YTD
- 11.23%
- 6M
- 11.23%
- 1Y
- 27.55%
- 3Y*
- 16.38%
- 5Y*
- 9.58%
- 10Y*
- 7.21%
GABFX
- 1D
- 0.34%
- 1M
- 1.08%
- YTD
- -4.60%
- 6M
- -4.81%
- 1Y
- -1.39%
- 3Y*
- -1.64%
- 5Y*
- -3.48%
- 10Y*
- 0.39%
GIMFX vs. GABFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIMFX GMO Implementation Fund | 11.23% | 25.37% | 2.67% | 14.75% | -1.24% | 4.05% | -7.25% | 13.24% | -5.58% | 14.09% |
GABFX GMO Asset Allocation Bond Fund | -4.60% | 8.82% | -12.60% | 8.33% | -14.86% | 1.34% | 11.28% | 8.00% | 0.78% | 2.41% |
Correlation
The correlation between GIMFX and GABFX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.11 |
Over the past year, GIMFX and GABFX have become more correlated (0.41) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
GIMFX vs. GABFX — Risk / Return Rank
GIMFX
GABFX
GIMFX vs. GABFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Implementation Fund (GIMFX) and GMO Asset Allocation Bond Fund (GABFX). 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 | GABFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.53 | ||
| Sortino ratioReturn per unit of downside risk | +4.88 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 0.99 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | -0.10 | +4.46 |
| Martin ratioReturn relative to average drawdown | 16.56 | -0.25 | +16.80 |
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Drawdowns
GIMFX vs. GABFX - Drawdown Comparison
The maximum GIMFX drawdown since its inception was -25.87%, smaller than the maximum GABFX drawdown of -27.84%. Use the drawdown chart below to compare losses from any high point for GIMFX and GABFX.
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Drawdown Indicators
| GIMFX | GABFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.87% | -27.84% | +1.97% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -9.58% | +3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -8.02% | -19.48% | +11.46% |
Max Drawdown (5Y)Largest decline over 5 years | -13.20% | -27.84% | +14.64% |
Max Drawdown (10Y)Largest decline over 10 years | -25.87% | -27.84% | +1.97% |
Current DrawdownCurrent decline from peak | -2.57% | -18.35% | +15.78% |
Average DrawdownAverage peak-to-trough decline | -4.28% | -7.33% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 3.95% | -2.23% |
Volatility
GIMFX vs. GABFX - Volatility Comparison
GMO Implementation Fund (GIMFX) has a higher volatility of 2.89% compared to GMO Asset Allocation Bond Fund (GABFX) at 2.32%. This indicates that GIMFX's price experiences larger fluctuations and is considered to be riskier than GABFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIMFX | GABFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 2.32% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 6.68% | 6.58% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.29% | 10.20% | -1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.64% | 14.03% | -5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.95% | 10.37% | -1.42% |
GIMFX vs. GABFX - Expense Ratio Comparison
GIMFX has a 0.02% expense ratio, which is lower than GABFX's 0.32% expense ratio.
Dividends
GIMFX vs. GABFX - Dividend Comparison
GIMFX's dividend yield for the trailing twelve months is around 3.84%, more than GABFX's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABFX GMO Asset Allocation Bond Fund | 2.82% | 2.69% | 4.19% | 5.03% | 0.71% | 1.81% | 1.20% | 4.72% | 5.13% | 1.07% | 0.00% | 7.43% |
GIMFX GMO Implementation Fund | 3.84% | 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 GABFX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIMFX has higher volatility (2.89%) compared to GABFX (2.32%). In terms of maximum drawdown, GIMFX dropped -25.87% vs GABFX's -27.84%.
GIMFX currently has the higher Sharpe Ratio (3.44 vs -0.10), 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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