GIOTX vs. GHVIX
GIOTX (GMO International Developed Equity Allocation Fund) and GHVIX (GMO High Yield Fund) are both mutual funds - GIOTX is a Foreign Large Cap Equities fund managed by GMO, while GHVIX is a High Yield Bonds fund managed by GMO. Over the past 5 years, GIOTX returned 15.19%/yr vs 4.60%/yr for GHVIX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. GIOTX charges 0.00%/yr vs 0.46%/yr for GHVIX.
Performance
GIOTX vs. GHVIX - Performance Comparison
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Returns By Period
In the year-to-date period, GIOTX achieves a 20.64% return, which is significantly higher than GHVIX's 1.66% return.
GIOTX
- 1D
- -0.59%
- 1M
- 2.95%
- 6M
- 12.62%
- YTD
- 20.64%
- 1Y
- 40.94%
- 3Y*
- 26.35%
- 5Y*
- 15.19%
- 10Y*
- 12.13%
- ALL TIME*
- 6.50%
GHVIX
- 1D
- -0.06%
- 1M
- -0.40%
- 6M
- 1.14%
- YTD
- 1.66%
- 1Y
- 5.33%
- 3Y*
- 6.32%
- 5Y*
- 4.60%
- 10Y*
- —
- ALL TIME*
- 5.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GHVIX GMO High Yield Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
GIOTX vs. GHVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GIOTX GMO International Developed Equity Allocation Fund | 20.64% | 43.70% | 10.66% | 21.03% | -12.41% | 11.14% | 7.43% | 24.45% | -13.83% |
GHVIX GMO High Yield Fund | 1.66% | 9.39% | 1.41% | 12.94% | -8.06% | 10.90% | 5.38% | 8.91% | 3.98% |
Correlation
The correlation between GIOTX and GHVIX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | 0.61 |
The correlation between GIOTX and GHVIX has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
GIOTX vs. GHVIX — Risk / Return Rank
GIOTX
GHVIX
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.
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.
| GIOTX | GHVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.35 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 2.22 | +1.67 |
| Martin ratioReturn relative to average drawdown | 15.11 | 10.27 | +4.84 |
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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.
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Drawdown Indicators
| GIOTX | GHVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.51% | -20.48% | -36.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | -2.42% | -8.24% |
Max Drawdown (3Y)Largest decline over 3 years | -13.40% | -9.29% | -4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -28.34% | -13.54% | -14.80% |
Max Drawdown (10Y)Largest decline over 10 years | -39.29% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.58% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -14.13% | -2.59% | -11.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 0.52% | +2.22% |
Volatility
GIOTX vs. GHVIX - Volatility Comparison
GMO International Developed Equity Allocation Fund (GIOTX) has a higher volatility of 5.03% compared to GMO High Yield Fund (GHVIX) at 0.69%. 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.
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Volatility by Period
| GIOTX | GHVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 0.69% | +4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 2.50% | +10.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 3.03% | +13.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 8.61% | +6.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.18% | 8.77% | +7.41% |
GIOTX vs. GHVIX - Expense Ratio Comparison
GIOTX has a 0.00% expense ratio, which is lower than GHVIX's 0.46% expense ratio.
Dividends
GIOTX vs. GHVIX - Dividend Comparison
GIOTX's dividend yield for the trailing twelve months is around 8.44%, more than GHVIX's 7.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHVIX GMO High Yield Fund | 7.16% | 5.68% | 7.96% | 4.37% | 8.11% | 19.00% | 2.10% | 7.76% | 3.83% | 0.00% | 0.00% | 0.00% |
GIOTX GMO International Developed Equity Allocation Fund | 8.44% | 8.04% | 5.07% | 6.54% | 4.45% | 6.67% | 4.48% | 3.74% | 3.90% | 3.15% | 4.04% | 3.39% |
Frequently Asked Questions
GIOTX and GHVIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIOTX has higher volatility (5.03%) compared to GHVIX (0.69%). In terms of maximum drawdown, GIOTX dropped -56.51% vs GHVIX's -20.48%.
GIOTX currently has the higher Sharpe Ratio (2.56 vs 1.77), 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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