GIMFX vs. GMWAX
Compare and contrast key facts about GMO Implementation Fund (GIMFX) and GMO Global Asset Allocation Fund (GMWAX).
GIMFX is managed by GMO. It was launched on Feb 29, 2012. GMWAX is managed by GMO. It was launched on Oct 21, 1996.
Performance
GIMFX vs. GMWAX - Performance Comparison
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GIMFX vs. GMWAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIMFX GMO Implementation Fund | 4.96% | 25.37% | 2.67% | 14.75% | -1.24% | 4.05% | -7.25% | 13.24% | -5.58% | 14.09% |
GMWAX GMO Global Asset Allocation Fund | 1.62% | 23.40% | 0.23% | 16.17% | -12.71% | 7.03% | 6.15% | 17.70% | -7.21% | 15.73% |
Returns By Period
In the year-to-date period, GIMFX achieves a 4.96% return, which is significantly higher than GMWAX's 1.62% return. Both investments have delivered pretty close results over the past 10 years, with GIMFX having a 6.46% annualized return and GMWAX not far ahead at 6.66%.
GIMFX
- 1D
- 0.25%
- 1M
- -5.36%
- YTD
- 4.96%
- 6M
- 11.65%
- 1Y
- 25.30%
- 3Y*
- 14.62%
- 5Y*
- 8.53%
- 10Y*
- 6.46%
GMWAX
- 1D
- 0.10%
- 1M
- -6.59%
- YTD
- 1.62%
- 6M
- 7.26%
- 1Y
- 21.34%
- 3Y*
- 11.75%
- 5Y*
- 5.45%
- 10Y*
- 6.66%
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GIMFX vs. GMWAX - Expense Ratio Comparison
GIMFX has a 0.02% expense ratio, which is higher than GMWAX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
GIMFX vs. GMWAX — Risk / Return Rank
GIMFX
GMWAX
GIMFX vs. GMWAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Implementation Fund (GIMFX) and GMO Global Asset Allocation Fund (GMWAX). 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.
| GIMFX | GMWAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.85 | 2.05 | +0.80 |
Sortino ratioReturn per unit of downside risk | 3.70 | 2.77 | +0.93 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.41 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 3.48 | 2.54 | +0.95 |
Martin ratioReturn relative to average drawdown | 13.93 | 10.61 | +3.32 |
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
| GIMFX | GMWAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 2.05 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.55 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.65 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.29 | +0.35 |
Correlation
The correlation between GIMFX and GMWAX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GIMFX vs. GMWAX - Dividend Comparison
GIMFX's dividend yield for the trailing twelve months is around 4.07%, less than GMWAX's 4.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIMFX GMO Implementation Fund | 4.07% | 4.28% | 3.39% | 5.93% | 3.59% | 3.28% | 2.25% | 3.99% | 4.59% | 2.95% | 1.98% | 0.00% |
GMWAX GMO Global Asset Allocation Fund | 4.80% | 4.88% | 0.14% | 5.47% | 3.78% | 6.16% | 4.00% | 4.00% | 3.77% | 2.50% | 2.25% | 3.13% |
Drawdowns
GIMFX vs. GMWAX - Drawdown Comparison
The maximum GIMFX drawdown since its inception was -25.87%, smaller than the maximum GMWAX drawdown of -41.69%. Use the drawdown chart below to compare losses from any high point for GIMFX and GMWAX.
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Drawdown Indicators
| GIMFX | GMWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.87% | -41.69% | +15.82% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -8.00% | +1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | -22.47% | +8.45% |
Max Drawdown (10Y)Largest decline over 10 years | -25.87% | -25.12% | -0.75% |
Current DrawdownCurrent decline from peak | -5.36% | -6.65% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -11.29% | +6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.91% | -0.16% |
Volatility
GIMFX vs. GMWAX - Volatility Comparison
GMO Implementation Fund (GIMFX) and GMO Global Asset Allocation Fund (GMWAX) have volatilities of 3.70% and 3.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIMFX | GMWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 3.79% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 5.81% | 6.51% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.81% | 10.42% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.46% | 9.93% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.93% | 10.28% | -1.35% |