GIOTX vs. GHVIX

Last updated Apr 1, 2026

Compare and contrast key facts about GMO International Developed Equity Allocation Fund (GIOTX) and GMO High Yield Fund (GHVIX).

GIOTX is managed by GMO. It was launched on Jun 4, 2006. GHVIX is managed by GMO. It was launched on Jun 25, 2018.

Performance

GIOTX vs. GHVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO International Developed Equity Allocation Fund (GIOTX) and GMO High Yield Fund (GHVIX). The values are adjusted to include any dividend payments, if applicable.

GIOTX vs. GHVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GIOTX GMO International Developed Equity Allocation Fund	2.84%	43.70%	10.66%	21.03%	-12.41%	11.14%	7.43%	24.45%	-12.96%
GHVIX GMO High Yield Fund	-1.45%	9.39%	1.41%	12.94%	-8.06%	10.90%	5.38%	8.91%	3.98%

Returns By Period

In the year-to-date period, GIOTX achieves a 2.84% return, which is significantly higher than GHVIX's -1.45% return.

GIOTX

• 1D: 0.04%
• 1M: -10.02%
• YTD: 2.84%
• 6M: 12.23%
• 1Y: 34.27%
• 3Y*: 22.69%
• 5Y*: 12.41%
• 10Y*: 10.70%

GHVIX

• 1D: 0.18%
• 1M: -1.96%
• YTD: -1.45%
• 6M: 0.06%
• 1Y: 6.46%
• 3Y*: 5.96%
• 5Y*: 4.53%
• 10Y*: —

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

GIOTX vs. GHVIX - Expense Ratio Comparison

GIOTX has a 0.00% expense ratio, which is lower than GHVIX's 0.46% expense ratio.

GHVIX

GMO High Yield Fund

GIOTX

GMO International Developed Equity Allocation Fund

Return for Risk

GIOTX vs. GHVIX — Risk / Return Rank

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

GIOTX

GIOTX Risk / Return Rank: 91
GIOTX Sharpe Ratio Rank: 92
GIOTX Sortino Ratio Rank: 90
GIOTX Omega Ratio Rank: 89
GIOTX Calmar Ratio Rank: 92
GIOTX Martin Ratio Rank: 92

GHVIX

GHVIX Risk / Return Rank: 84
GHVIX Sharpe Ratio Rank: 83
GHVIX Sortino Ratio Rank: 84
GHVIX Omega Ratio Rank: 86
GHVIX Calmar Ratio Rank: 82
GHVIX Martin Ratio Rank: 87

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.

GIOTX vs. GHVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO International Developed Equity Allocation Fund (GIOTX) and GMO High Yield Fund (GHVIX). 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.

	GIOTX	GHVIX	Difference
Sharpe ratio Return per unit of total volatility	1.99	1.56	+0.44
Sortino ratio Return per unit of downside risk	2.59	2.20	+0.39
Omega ratio Gain probability vs. loss probability	1.39	1.36	+0.03
Calmar ratio Return relative to maximum drawdown	2.81	1.97	+0.84
Martin ratio Return relative to average drawdown	11.30	9.21	+2.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GIOTX vs. GHVIX - Sharpe Ratio Comparison

The current GIOTX Sharpe Ratio is 1.99, which is comparable to the GHVIX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of GIOTX and GHVIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GIOTX	GHVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	1.56	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.53	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.61	-0.30

Correlation

The correlation between GIOTX and GHVIX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GIOTX vs. GHVIX - Dividend Comparison

GIOTX's dividend yield for the trailing twelve months is around 7.82%, more than GHVIX's 5.77% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIOTX GMO International Developed Equity Allocation Fund	7.82%	8.04%	5.07%	6.54%	4.45%	6.67%	4.48%	3.74%	3.90%	3.15%	4.04%	3.39%
GHVIX GMO High Yield Fund	5.77%	5.68%	7.96%	4.37%	8.11%	19.00%	2.10%	7.76%	3.83%	0.00%	0.00%	0.00%

Drawdowns

GIOTX vs. GHVIX - Drawdown Comparison

The maximum GIOTX drawdown since its inception was -56.51%, which is greater than GHVIX's maximum drawdown of -20.48%. Use the drawdown chart below to compare losses from any high point for GIOTX and GHVIX.

Drawdown Indicators

	GIOTX	GHVIX	Difference
Max Drawdown Largest peak-to-trough decline	-56.51%	-20.48%	-36.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.66%	-3.19%	-7.47%
Max Drawdown (5Y) Largest decline over 5 years	-29.68%	-13.54%	-16.14%
Max Drawdown (10Y) Largest decline over 10 years	-39.29%	—	—
Current Drawdown Current decline from peak	-10.13%	-2.24%	-7.89%
Average Drawdown Average peak-to-trough decline	-14.35%	-2.69%	-11.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	0.68%	+2.15%

Volatility

GIOTX vs. GHVIX - Volatility Comparison

GMO International Developed Equity Allocation Fund (GIOTX) has a higher volatility of 6.77% compared to GMO High Yield Fund (GHVIX) at 1.49%. This indicates that GIOTX's price experiences larger fluctuations and is considered to be riskier than GHVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIOTX	GHVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.77%	1.49%	+5.28%
Volatility (6M) Calculated over the trailing 6-month period	11.34%	2.11%	+9.23%
Volatility (1Y) Calculated over the trailing 1-year period	16.68%	4.18%	+12.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	8.59%	+6.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	8.93%	+7.32%