GLVYX vs. GCCHX

Last updated Jun 25, 2026

GLVYX (Invesco Global Focus Fund) and GCCHX (GMO Climate Change Fund) are both Global Equities funds. Over the past 5 years, GLVYX returned 3.62%/yr vs 1.61%/yr for GCCHX. A 0.61 correlation means they provide meaningful diversification when combined. GLVYX charges 0.98%/yr vs 0.77%/yr for GCCHX.

Performance

GLVYX vs. GCCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Focus Fund (GLVYX) and GMO Climate Change Fund (GCCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLVYX achieves a 7.37% return, which is significantly lower than GCCHX's 15.37% return.

GLVYX

• 1D: -3.07%
• 1M: 0.77%
• YTD: 7.37%
• 6M: 6.68%
• 1Y: 14.83%
• 3Y*: 17.11%
• 5Y*: 3.62%
• 10Y*: 13.02%

GCCHX

• 1D: -3.95%
• 1M: -5.60%
• YTD: 15.37%
• 6M: 12.94%
• 1Y: 57.73%
• 3Y*: 2.68%
• 5Y*: 1.61%
• 10Y*: —

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

GLVYX vs. GCCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLVYX Invesco Global Focus Fund	7.37%	14.51%	21.06%	37.34%	-37.74%	3.71%	56.61%	31.97%	-9.80%	16.70%
GCCHX GMO Climate Change Fund	15.37%	39.25%	-25.63%	-6.85%	-10.39%	21.84%	42.82%	27.36%	-16.35%	26.15%

Correlation

The correlation between GLVYX and GCCHX is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017	0.61

The correlation between GLVYX and GCCHX has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.

Return for Risk

GLVYX vs. GCCHX — Risk / Return Rank

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

GLVYX

GLVYX Risk / Return Rank: 16
GLVYX Sharpe Ratio Rank: 16
GLVYX Sortino Ratio Rank: 16
GLVYX Omega Ratio Rank: 16
GLVYX Calmar Ratio Rank: 14
GLVYX Martin Ratio Rank: 17

GCCHX

GCCHX Risk / Return Rank: 83
GCCHX Sharpe Ratio Rank: 87
GCCHX Sortino Ratio Rank: 76
GCCHX Omega Ratio Rank: 68
GCCHX Calmar Ratio Rank: 95
GCCHX Martin Ratio Rank: 89

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.

GLVYX vs. GCCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Focus Fund (GLVYX) and GMO Climate Change Fund (GCCHX). 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.

	GLVYX	GCCHX	Difference
Sharpe ratio: Return per unit of total volatility	0.95	2.57	-1.62
Sortino ratio: Return per unit of downside risk	1.39	3.26	-1.87
Omega ratio: Gain probability vs. loss probability	1.18	1.41	-0.23
Calmar ratio: Return relative to maximum drawdown	1.07	5.27	-4.20
Martin ratio: Return relative to average drawdown	3.72	15.82	-12.10

GLVYX vs. GCCHX - Sharpe Ratio Comparison

The current GLVYX Sharpe Ratio is 0.95, which is lower than the GCCHX Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of GLVYX and GCCHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLVYX vs. GCCHX - Drawdown Comparison

The maximum GLVYX drawdown since its inception was -49.55%, smaller than the maximum GCCHX drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for GLVYX and GCCHX.

Drawdown Indicators

	GLVYX	GCCHX	Difference
Max Drawdown Largest peak-to-trough decline	-49.55%	-54.32%	+4.77%
Max Drawdown (1Y) Largest decline over 1 year	-16.19%	-11.76%	-4.43%
Max Drawdown (3Y) Largest decline over 3 years	-22.19%	-52.03%	+29.84%
Max Drawdown (5Y) Largest decline over 5 years	-49.55%	-54.32%	+4.77%
Max Drawdown (10Y) Largest decline over 10 years	-49.55%	—	—
Current Drawdown Current decline from peak	-4.45%	-10.45%	+6.00%
Average Drawdown Average peak-to-trough decline	-9.41%	-13.86%	+4.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	3.91%	+0.75%

Volatility

GLVYX vs. GCCHX - Volatility Comparison

Invesco Global Focus Fund (GLVYX) and GMO Climate Change Fund (GCCHX) have volatilities of 9.12% and 9.55%, 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.

Volatility by Period

	GLVYX	GCCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.12%	9.55%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	15.32%	18.18%	-2.86%
Volatility (1Y) Calculated over the trailing 1-year period	18.41%	24.16%	-5.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.61%	27.20%	-3.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.59%	25.23%	-2.64%

GLVYX vs. GCCHX - Expense Ratio Comparison

GLVYX has a 0.98% expense ratio, which is higher than GCCHX's 0.77% expense ratio.

Dividends

GLVYX vs. GCCHX - Dividend Comparison

GLVYX's dividend yield for the trailing twelve months is around 11.42%, more than GCCHX's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GCCHX GMO Climate Change Fund	1.30%	1.51%	0.66%	0.96%	2.24%	25.43%	5.42%	4.03%	2.62%	3.43%
GLVYX Invesco Global Focus Fund	11.42%	12.26%	1.53%	0.00%	0.00%	3.91%	4.43%	9.77%	4.17%	1.81%

Frequently Asked Questions

Can I hold both GLVYX and GCCHX in my portfolio?

GLVYX and GCCHX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLVYX or GCCHX?

GCCHX has higher volatility (9.55%) compared to GLVYX (9.12%). In terms of maximum drawdown, GLVYX dropped -49.55% vs GCCHX's -54.32%.

Which has better risk-adjusted returns?

GCCHX currently has the higher Sharpe Ratio (2.57 vs 0.95), 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.