GIMFX vs. PDAVX

Last updated Jun 4, 2026

GIMFX (GMO Implementation Fund) and PDAVX (PineBridge Dynamic Asset Allocation Fund) are both Global Allocation funds. Over the past 5 years, GIMFX returned 9.54%/yr vs 3.18%/yr for PDAVX. A 0.67 correlation means they provide meaningful diversification when combined. GIMFX charges 0.02%/yr vs 0.90%/yr for PDAVX.

Performance

GIMFX vs. PDAVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Implementation Fund (GIMFX) and PineBridge Dynamic Asset Allocation Fund (PDAVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GIMFX achieves a 14.16% return, which is significantly higher than PDAVX's 8.43% return.

GIMFX

• 1D: 0.40%
• 1M: 5.11%
• YTD: 14.16%
• 6M: 16.37%
• 1Y: 32.72%
• 3Y*: 17.75%
• 5Y*: 9.54%
• 10Y*: 7.26%

PDAVX

• 1D: 0.43%
• 1M: 5.87%
• YTD: 8.43%
• 6M: 8.94%
• 1Y: 17.95%
• 3Y*: 11.04%
• 5Y*: 3.18%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GIMFX vs. PDAVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GIMFX GMO Implementation Fund	14.16%	25.37%	2.67%	14.75%	-1.24%	4.05%	-7.25%	13.24%	-5.58%	13.55%
PDAVX PineBridge Dynamic Asset Allocation Fund	8.43%	14.21%	5.48%	7.60%	-16.77%	6.51%	12.87%	14.84%	-9.55%	15.83%

Correlation

The correlation between GIMFX and PDAVX is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.67

The correlation between GIMFX and PDAVX shifts across timeframes, from 0.60 (5 years) to 0.70 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GIMFX vs. PDAVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GIMFX

GIMFX Risk / Return Rank: 95
GIMFX Sharpe Ratio Rank: 98
GIMFX Sortino Ratio Rank: 97
GIMFX Omega Ratio Rank: 96
GIMFX Calmar Ratio Rank: 92
GIMFX Martin Ratio Rank: 92

PDAVX

PDAVX Risk / Return Rank: 31
PDAVX Sharpe Ratio Rank: 30
PDAVX Sortino Ratio Rank: 28
PDAVX Omega Ratio Rank: 29
PDAVX Calmar Ratio Rank: 29
PDAVX Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GIMFX vs. PDAVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Implementation Fund (GIMFX) and PineBridge Dynamic Asset Allocation Fund (PDAVX). 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	PDAVX	Difference
Sharpe ratio: Return per unit of total volatility	4.13	1.58	+2.55
Sortino ratio: Return per unit of downside risk	5.83	2.22	+3.61
Omega ratio: Gain probability vs. loss probability	1.83	1.28	+0.55
Calmar ratio: Return relative to maximum drawdown	5.00	2.03	+2.97
Martin ratio: Return relative to average drawdown	19.42	8.06	+11.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GIMFX vs. PDAVX - Sharpe Ratio Comparison

The current GIMFX Sharpe Ratio is 4.13, which is higher than the PDAVX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of GIMFX and PDAVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GIMFX	PDAVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.13	1.58	+2.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	0.31	+0.81
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.55	+0.15

Drawdowns

GIMFX vs. PDAVX - Drawdown Comparison

The maximum GIMFX drawdown since its inception was -25.87%, roughly equal to the maximum PDAVX drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for GIMFX and PDAVX.

Drawdown Indicators

	GIMFX	PDAVX	Difference
Max Drawdown Largest peak-to-trough decline	-25.87%	-25.58%	-0.29%
Max Drawdown (1Y) Largest decline over 1 year	-6.53%	-8.89%	+2.36%
Max Drawdown (3Y) Largest decline over 3 years	-8.02%	-12.17%	+4.15%
Max Drawdown (5Y) Largest decline over 5 years	-14.02%	-24.53%	+10.51%
Max Drawdown (10Y) Largest decline over 10 years	-25.87%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.29%	-7.24%	+2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.23%	-0.55%

Volatility

GIMFX vs. PDAVX - Volatility Comparison

The current volatility for GMO Implementation Fund (GIMFX) is 2.84%, while PineBridge Dynamic Asset Allocation Fund (PDAVX) has a volatility of 3.43%. This indicates that GIMFX experiences smaller price fluctuations and is considered to be less risky than PDAVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIMFX	PDAVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	3.43%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	6.22%	9.38%	-3.16%
Volatility (1Y) Calculated over the trailing 1-year period	7.93%	11.43%	-3.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.58%	10.36%	-1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.98%	10.44%	-1.46%

GIMFX vs. PDAVX - Expense Ratio Comparison

GIMFX has a 0.02% expense ratio, which is lower than PDAVX's 0.90% expense ratio.

Dividends

GIMFX vs. PDAVX - Dividend Comparison

GIMFX's dividend yield for the trailing twelve months is around 3.75%, more than PDAVX's 1.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GIMFX GMO Implementation Fund	3.75%	4.28%	3.39%	5.93%	3.59%	3.28%	2.25%	3.99%	4.59%	2.95%	1.98%
PDAVX PineBridge Dynamic Asset Allocation Fund	1.60%	1.74%	2.35%	2.74%	0.00%	5.28%	1.19%	1.38%	2.54%	5.75%	0.00%

Frequently Asked Questions

Can I hold both GIMFX and PDAVX in my portfolio?

GIMFX and PDAVX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GIMFX or PDAVX?

PDAVX has higher volatility (3.43%) compared to GIMFX (2.84%). In terms of maximum drawdown, GIMFX dropped -25.87% vs PDAVX's -25.58%.

Which has better risk-adjusted returns?

GIMFX currently has the higher Sharpe Ratio (4.13 vs 1.58), 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.