GMCDX vs. GMWAX
Compare and contrast key facts about GMO Emerging Country Debt Fund (GMCDX) and GMO Global Asset Allocation Fund (GMWAX).
GMCDX is managed by GMO. It was launched on Apr 18, 1994. GMWAX is managed by GMO. It was launched on Oct 21, 1996.
Performance
GMCDX vs. GMWAX - Performance Comparison
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GMCDX vs. GMWAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMCDX GMO Emerging Country Debt Fund | 2.31% | 22.34% | 13.39% | 17.63% | -16.30% | 6.56% | 7.25% | 14.28% | -5.89% | 12.49% |
GMWAX GMO Global Asset Allocation Fund | 3.33% | 23.40% | 0.23% | 16.17% | -12.71% | 7.03% | 6.15% | 17.70% | -7.21% | 15.73% |
Returns By Period
In the year-to-date period, GMCDX achieves a 2.31% return, which is significantly lower than GMWAX's 3.33% return. Over the past 10 years, GMCDX has outperformed GMWAX with an annualized return of 7.62%, while GMWAX has yielded a comparatively lower 6.83% annualized return.
GMCDX
- 1D
- 0.30%
- 1M
- -2.54%
- YTD
- 2.31%
- 6M
- 8.44%
- 1Y
- 20.37%
- 3Y*
- 17.91%
- 5Y*
- 9.25%
- 10Y*
- 7.62%
GMWAX
- 1D
- 1.68%
- 1M
- -4.34%
- YTD
- 3.33%
- 6M
- 8.68%
- 1Y
- 23.07%
- 3Y*
- 12.37%
- 5Y*
- 5.62%
- 10Y*
- 6.83%
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GMCDX vs. GMWAX - Expense Ratio Comparison
GMCDX has a 0.53% expense ratio, which is higher than GMWAX's 0.00% expense ratio.
Return for Risk
GMCDX vs. GMWAX — Risk / Return Rank
GMCDX
GMWAX
GMCDX vs. GMWAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Emerging Country Debt Fund (GMCDX) and GMO Global Asset Allocation Fund (GMWAX). 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.
| GMCDX | GMWAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.12 | 2.23 | +0.89 |
Sortino ratioReturn per unit of downside risk | 4.54 | 3.02 | +1.52 |
Omega ratioGain probability vs. loss probability | 1.76 | 1.45 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 3.55 | 2.90 | +0.65 |
Martin ratioReturn relative to average drawdown | 17.85 | 11.96 | +5.89 |
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
| GMCDX | GMWAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 2.23 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.57 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.67 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.30 | +0.01 |
Correlation
The correlation between GMCDX and GMWAX is 0.43, 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
GMCDX vs. GMWAX - Dividend Comparison
GMCDX's dividend yield for the trailing twelve months is around 6.13%, more than GMWAX's 4.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMCDX GMO Emerging Country Debt Fund | 6.13% | 6.27% | 6.88% | 10.26% | 13.73% | 17.75% | 9.66% | 6.60% | 7.76% | 7.06% | 6.00% | 2.50% |
GMWAX GMO Global Asset Allocation Fund | 4.72% | 4.88% | 0.14% | 5.47% | 3.78% | 6.16% | 4.00% | 4.00% | 3.77% | 2.50% | 2.25% | 3.13% |
Drawdowns
GMCDX vs. GMWAX - Drawdown Comparison
The maximum GMCDX drawdown since its inception was -68.24%, which is greater than GMWAX's maximum drawdown of -41.69%. Use the drawdown chart below to compare losses from any high point for GMCDX and GMWAX.
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Drawdown Indicators
| GMCDX | GMWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.24% | -41.69% | -26.55% |
Max Drawdown (1Y)Largest decline over 1 year | -5.69% | -8.00% | +2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -26.02% | -22.47% | -3.55% |
Max Drawdown (10Y)Largest decline over 10 years | -26.02% | -25.12% | -0.90% |
Current DrawdownCurrent decline from peak | -3.56% | -5.09% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -17.75% | -11.29% | -6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.94% | -0.80% |
Volatility
GMCDX vs. GMWAX - Volatility Comparison
The current volatility for GMO Emerging Country Debt Fund (GMCDX) is 2.27%, while GMO Global Asset Allocation Fund (GMWAX) has a volatility of 4.25%. This indicates that GMCDX experiences smaller price fluctuations and is considered to be less risky than GMWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMCDX | GMWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 4.25% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.92% | 6.70% | -2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.72% | 10.52% | -3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.16% | 9.96% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.31% | 10.30% | -0.99% |