Correlation
The correlation between GMGEX and CWS is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
GMGEX vs. CWS
Compare and contrast key facts about GMO Global Equity Allocation Fund (GMGEX) and AdvisorShares Focused Equity ETF (CWS).
GMGEX is managed by GMO. It was launched on Nov 25, 1996. CWS is an actively managed fund by AdvisorShares. It was launched on Sep 20, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GMGEX or CWS.
Performance
GMGEX vs. CWS - Performance Comparison
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Key characteristics
GMGEX:
0.67
CWS:
0.69
GMGEX:
0.91
CWS:
1.00
GMGEX:
1.13
CWS:
1.13
GMGEX:
0.68
CWS:
0.62
GMGEX:
2.95
CWS:
1.92
GMGEX:
3.17%
CWS:
5.37%
GMGEX:
15.79%
CWS:
16.10%
GMGEX:
-73.69%
CWS:
-33.82%
GMGEX:
-0.56%
CWS:
-3.83%
Returns By Period
In the year-to-date period, GMGEX achieves a 8.18% return, which is significantly higher than CWS's 5.65% return.
GMGEX
8.18%
4.71%
5.71%
10.57%
10.94%
11.90%
7.71%
CWS
5.65%
5.30%
-3.83%
11.08%
15.74%
14.32%
N/A
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GMGEX vs. CWS - Expense Ratio Comparison
GMGEX has a 0.01% expense ratio, which is lower than CWS's 0.77% expense ratio.
Risk-Adjusted Performance
GMGEX vs. CWS — Risk-Adjusted Performance Rank
GMGEX
CWS
GMGEX vs. CWS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Global Equity Allocation Fund (GMGEX) and AdvisorShares Focused Equity ETF (CWS). 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.
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Dividends
GMGEX vs. CWS - Dividend Comparison
GMGEX's dividend yield for the trailing twelve months is around 5.08%, more than CWS's 0.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMGEX GMO Global Equity Allocation Fund | 5.08% | 5.50% | 5.63% | 7.81% | 7.76% | 3.83% | 3.42% | 3.14% | 2.90% | 9.47% | 12.61% | 12.12% |
CWS AdvisorShares Focused Equity ETF | 0.56% | 0.59% | 0.25% | 0.50% | 0.16% | 0.27% | 0.39% | 2.61% | 0.29% | 0.03% | 0.00% | 0.00% |
Drawdowns
GMGEX vs. CWS - Drawdown Comparison
The maximum GMGEX drawdown since its inception was -73.69%, which is greater than CWS's maximum drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for GMGEX and CWS.
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Volatility
GMGEX vs. CWS - Volatility Comparison
The current volatility for GMO Global Equity Allocation Fund (GMGEX) is 3.23%, while AdvisorShares Focused Equity ETF (CWS) has a volatility of 3.50%. This indicates that GMGEX experiences smaller price fluctuations and is considered to be less risky than CWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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