GIMFX vs. GMOIX
GIMFX (GMO Implementation Fund) and GMOIX (GMO International Equity Fund) are both mutual funds - GIMFX is a Global Allocation fund managed by GMO, while GMOIX is a Foreign Large Cap Equities fund managed by GMO. Over the past 10 years, GIMFX returned 7.21%/yr vs 12.79%/yr for GMOIX. Their correlation of 0.84 suggests significant overlap in exposure. GIMFX charges 0.02%/yr vs 0.66%/yr for GMOIX.
Performance
GIMFX vs. GMOIX - Performance Comparison
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Returns By Period
In the year-to-date period, GIMFX achieves a 11.23% return, which is significantly lower than GMOIX's 17.65% return. Over the past 10 years, GIMFX has underperformed GMOIX with an annualized return of 7.21%, while GMOIX has yielded a comparatively higher 12.79% 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%
GMOIX
- 1D
- -3.00%
- 1M
- 0.30%
- YTD
- 17.65%
- 6M
- 16.93%
- 1Y
- 39.71%
- 3Y*
- 27.51%
- 5Y*
- 14.89%
- 10Y*
- 12.79%
GIMFX vs. GMOIX - 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% |
GMOIX GMO International Equity Fund | 17.65% | 43.94% | 11.54% | 20.51% | -10.38% | 12.11% | 7.47% | 24.56% | -20.55% | 25.73% |
Correlation
The correlation between GIMFX and GMOIX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.84 |
The correlation between GIMFX and GMOIX has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
GIMFX vs. GMOIX — Risk / Return Rank
GIMFX
GMOIX
GIMFX vs. GMOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Implementation Fund (GIMFX) and GMO International Equity Fund (GMOIX). 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 | GMOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.44 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | 3.57 | +0.79 |
| Martin ratioReturn relative to average drawdown | 16.56 | 14.08 | +2.48 |
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Drawdowns
GIMFX vs. GMOIX - Drawdown Comparison
The maximum GIMFX drawdown since its inception was -25.87%, smaller than the maximum GMOIX drawdown of -59.00%. Use the drawdown chart below to compare losses from any high point for GIMFX and GMOIX.
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Drawdown Indicators
| GIMFX | GMOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.87% | -59.00% | +33.13% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -11.67% | +5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -8.02% | -13.41% | +5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -13.20% | -27.40% | +14.20% |
Max Drawdown (10Y)Largest decline over 10 years | -25.87% | -40.14% | +14.27% |
Current DrawdownCurrent decline from peak | -2.57% | -3.00% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -4.28% | -12.90% | +8.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 2.95% | -1.23% |
Volatility
GIMFX vs. GMOIX - Volatility Comparison
The current volatility for GMO Implementation Fund (GIMFX) is 2.89%, while GMO International Equity Fund (GMOIX) has a volatility of 6.84%. This indicates that GIMFX experiences smaller price fluctuations and is considered to be less risky than GMOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIMFX | GMOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 6.84% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 6.68% | 14.49% | -7.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.29% | 17.63% | -9.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.64% | 16.36% | -7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.95% | 16.73% | -7.78% |
GIMFX vs. GMOIX - Expense Ratio Comparison
GIMFX has a 0.02% expense ratio, which is lower than GMOIX's 0.66% expense ratio.
Dividends
GIMFX vs. GMOIX - Dividend Comparison
GIMFX's dividend yield for the trailing twelve months is around 3.84%, less than GMOIX's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GMOIX GMO International Equity Fund | 4.77% | 5.62% | 2.77% | 7.54% | 4.32% | 6.40% | 4.56% | 3.49% | 3.74% | 3.11% | 4.00% | 3.26% |
Frequently Asked Questions
GIMFX and GMOIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMOIX has higher volatility (6.84%) compared to GIMFX (2.89%). In terms of maximum drawdown, GIMFX dropped -25.87% vs GMOIX's -59.00%.
GIMFX currently has the higher Sharpe Ratio (3.44 vs 2.36), 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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