GMGEX vs. GMOQX

Last updated Apr 2, 2026

Compare and contrast key facts about GMO Global Equity Allocation Fund (GMGEX) and GMO Emerging Country Debt Fund Class VI (GMOQX).

GMGEX is managed by GMO. It was launched on Nov 25, 1996. GMOQX is an actively managed fund by GMO. It was launched on Apr 19, 1994.

Performance

GMGEX vs. GMOQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Global Equity Allocation Fund (GMGEX) and GMO Emerging Country Debt Fund Class VI (GMOQX). The values are adjusted to include any dividend payments, if applicable.

GMGEX vs. GMOQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GMGEX GMO Global Equity Allocation Fund	3.72%	29.14%	4.12%	22.27%	-17.07%	0.63%
GMOQX GMO Emerging Country Debt Fund Class VI	2.32%	22.45%	12.60%	17.76%	-16.26%	-2.20%

Returns By Period

In the year-to-date period, GMGEX achieves a 3.72% return, which is significantly higher than GMOQX's 2.32% return.

GMGEX

• 1D: 2.68%
• 1M: -5.76%
• YTD: 3.72%
• 6M: 10.13%
• 1Y: 30.15%
• 3Y*: 16.98%
• 5Y*: 8.06%
• 10Y*: 9.93%

GMOQX

• 1D: 0.31%
• 1M: -2.50%
• YTD: 2.32%
• 6M: 8.47%
• 1Y: 20.48%
• 3Y*: 17.70%
• 5Y*: —
• 10Y*: —

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

GMGEX vs. GMOQX - Expense Ratio Comparison

GMGEX has a 0.01% expense ratio, which is lower than GMOQX's 0.51% expense ratio.

GMOQX

GMO Emerging Country Debt Fund Class VI

GMGEX

GMO Global Equity Allocation Fund

Return for Risk

GMGEX vs. GMOQX — Risk / Return Rank

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

GMGEX

GMGEX Risk / Return Rank: 90
GMGEX Sharpe Ratio Rank: 90
GMGEX Sortino Ratio Rank: 90
GMGEX Omega Ratio Rank: 88
GMGEX Calmar Ratio Rank: 89
GMGEX Martin Ratio Rank: 91

GMOQX

GMOQX Risk / Return Rank: 97
GMOQX Sharpe Ratio Rank: 98
GMOQX Sortino Ratio Rank: 98
GMOQX Omega Ratio Rank: 98
GMOQX Calmar Ratio Rank: 95
GMOQX Martin Ratio Rank: 97

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.

GMGEX vs. GMOQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Global Equity Allocation Fund (GMGEX) and GMO Emerging Country Debt Fund Class VI (GMOQX). 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.

	GMGEX	GMOQX	Difference
Sharpe ratio Return per unit of total volatility	1.94	3.14	-1.20
Sortino ratio Return per unit of downside risk	2.63	4.57	-1.95
Omega ratio Gain probability vs. loss probability	1.39	1.75	-0.36
Calmar ratio Return relative to maximum drawdown	2.59	3.59	-1.00
Martin ratio Return relative to average drawdown	11.30	18.03	-6.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMGEX vs. GMOQX - Sharpe Ratio Comparison

The current GMGEX Sharpe Ratio is 1.94, which is lower than the GMOQX Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of GMGEX and GMOQX, 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

	GMGEX	GMOQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	3.14	-1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.63	-0.41

Correlation

The correlation between GMGEX and GMOQX is 0.40, 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

GMGEX vs. GMOQX - Dividend Comparison

GMGEX's dividend yield for the trailing twelve months is around 4.52%, less than GMOQX's 6.23% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMGEX GMO Global Equity Allocation Fund	4.52%	4.69%	0.29%	5.62%	7.81%	7.76%	3.83%	3.14%	3.14%	2.90%	3.71%	4.20%
GMOQX GMO Emerging Country Debt Fund Class VI	6.23%	6.37%	6.23%	10.36%	13.87%	7.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GMGEX vs. GMOQX - Drawdown Comparison

The maximum GMGEX drawdown since its inception was -58.47%, which is greater than GMOQX's maximum drawdown of -31.41%. Use the drawdown chart below to compare losses from any high point for GMGEX and GMOQX.

Drawdown Indicators

	GMGEX	GMOQX	Difference
Max Drawdown Largest peak-to-trough decline	-58.47%	-31.41%	-27.06%
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	-5.66%	-5.96%
Max Drawdown (5Y) Largest decline over 5 years	-28.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.98%	—	—
Current Drawdown Current decline from peak	-6.81%	-3.53%	-3.28%
Average Drawdown Average peak-to-trough decline	-16.84%	-10.04%	-6.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	1.14%	+1.52%

Volatility

GMGEX vs. GMOQX - Volatility Comparison

GMO Global Equity Allocation Fund (GMGEX) has a higher volatility of 6.09% compared to GMO Emerging Country Debt Fund Class VI (GMOQX) at 2.28%. This indicates that GMGEX's price experiences larger fluctuations and is considered to be riskier than GMOQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMGEX	GMOQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	2.28%	+3.81%
Volatility (6M) Calculated over the trailing 6-month period	9.78%	3.93%	+5.85%
Volatility (1Y) Calculated over the trailing 1-year period	15.72%	6.71%	+9.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	11.00%	+3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.02%	11.00%	+5.02%