GIMFX vs. IPIRX
Compare and contrast key facts about GMO Implementation Fund (GIMFX) and Voya Global Perspectives Portfolio (IPIRX).
GIMFX is managed by GMO. It was launched on Feb 29, 2012. IPIRX is managed by Voya. It was launched on Apr 30, 2013.
Performance
GIMFX vs. IPIRX - Performance Comparison
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GIMFX vs. IPIRX - 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% |
IPIRX Voya Global Perspectives Portfolio | -3.05% | 14.21% | 7.31% | 10.65% | -17.52% | 6.06% | 16.10% | 18.35% | -9.87% | 15.00% |
Returns By Period
In the year-to-date period, GIMFX achieves a 4.96% return, which is significantly higher than IPIRX's -3.05% return. Over the past 10 years, GIMFX has outperformed IPIRX with an annualized return of 6.46%, while IPIRX has yielded a comparatively lower 5.44% annualized return.
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%
IPIRX
- 1D
- -1.07%
- 1M
- -7.88%
- YTD
- -3.05%
- 6M
- -1.28%
- 1Y
- 10.48%
- 3Y*
- 7.95%
- 5Y*
- 2.82%
- 10Y*
- 5.44%
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GIMFX vs. IPIRX - Expense Ratio Comparison
GIMFX has a 0.02% expense ratio, which is lower than IPIRX's 0.20% expense ratio. Despite the difference, 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. IPIRX — Risk / Return Rank
GIMFX
IPIRX
GIMFX vs. IPIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Implementation Fund (GIMFX) and Voya Global Perspectives Portfolio (IPIRX). 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 | IPIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.85 | 1.02 | +1.83 |
Sortino ratioReturn per unit of downside risk | 3.70 | 1.52 | +2.18 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.21 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 3.48 | 0.98 | +2.51 |
Martin ratioReturn relative to average drawdown | 13.93 | 4.41 | +9.51 |
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 | IPIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 1.02 | +1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.27 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.57 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.52 | +0.12 |
Correlation
The correlation between GIMFX and IPIRX is 0.73, 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. IPIRX - Dividend Comparison
GIMFX's dividend yield for the trailing twelve months is around 4.07%, less than IPIRX's 5.82% 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% |
IPIRX Voya Global Perspectives Portfolio | 5.82% | 5.64% | 3.25% | 14.65% | 13.55% | 6.34% | 6.25% | 7.80% | 1.30% | 2.78% | 2.78% | 7.16% |
Drawdowns
GIMFX vs. IPIRX - Drawdown Comparison
The maximum GIMFX drawdown since its inception was -25.87%, roughly equal to the maximum IPIRX drawdown of -24.97%. Use the drawdown chart below to compare losses from any high point for GIMFX and IPIRX.
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Drawdown Indicators
| GIMFX | IPIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.87% | -24.97% | -0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -7.88% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | -24.97% | +10.95% |
Max Drawdown (10Y)Largest decline over 10 years | -25.87% | -24.97% | -0.90% |
Current DrawdownCurrent decline from peak | -5.36% | -7.88% | +2.52% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -4.89% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.99% | -0.24% |
Volatility
GIMFX vs. IPIRX - Volatility Comparison
GMO Implementation Fund (GIMFX) has a higher volatility of 3.70% compared to Voya Global Perspectives Portfolio (IPIRX) at 3.44%. This indicates that GIMFX's price experiences larger fluctuations and is considered to be riskier than IPIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIMFX | IPIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 3.44% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 5.81% | 6.50% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.81% | 11.05% | -2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.46% | 10.73% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.93% | 9.69% | -0.76% |