GMGEX vs. GOFIX
Compare and contrast key facts about GMO Global Equity Allocation Fund (GMGEX) and GMO Resources Fund (GOFIX).
GMGEX is managed by GMO. It was launched on Nov 25, 1996. GOFIX is managed by GMO. It was launched on Dec 27, 2011.
Performance
GMGEX vs. GOFIX - Performance Comparison
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GMGEX vs. GOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMGEX GMO Global Equity Allocation Fund | 3.72% | 29.14% | 4.12% | 22.27% | -17.07% | 14.99% | 9.55% | 25.45% | -13.04% | 26.39% |
GOFIX GMO Resources Fund | 30.03% | 23.10% | -17.91% | -1.38% | -0.80% | 32.01% | 22.47% | 20.10% | -6.73% | 28.42% |
Returns By Period
In the year-to-date period, GMGEX achieves a 3.72% return, which is significantly lower than GOFIX's 30.03% return. Over the past 10 years, GMGEX has underperformed GOFIX with an annualized return of 9.93%, while GOFIX has yielded a comparatively higher 14.57% annualized 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%
GOFIX
- 1D
- 1.85%
- 1M
- 5.29%
- YTD
- 30.03%
- 6M
- 39.95%
- 1Y
- 68.15%
- 3Y*
- 9.73%
- 5Y*
- 8.52%
- 10Y*
- 14.57%
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GMGEX vs. GOFIX - Expense Ratio Comparison
GMGEX has a 0.01% expense ratio, which is lower than GOFIX's 0.72% expense ratio.
Return for Risk
GMGEX vs. GOFIX — Risk / Return Rank
GMGEX
GOFIX
GMGEX vs. GOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Global Equity Allocation Fund (GMGEX) and GMO Resources Fund (GOFIX). 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 | GOFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.94 | 2.61 | -0.67 |
Sortino ratioReturn per unit of downside risk | 2.63 | 3.14 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.45 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.59 | 3.48 | -0.90 |
Martin ratioReturn relative to average drawdown | 11.30 | 16.25 | -4.95 |
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
| GMGEX | GOFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 2.61 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.34 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.57 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.34 | -0.12 |
Correlation
The correlation between GMGEX and GOFIX is 0.80, 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.
Dividends
GMGEX vs. GOFIX - Dividend Comparison
GMGEX's dividend yield for the trailing twelve months is around 4.52%, more than GOFIX's 3.37% 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% |
GOFIX GMO Resources Fund | 3.37% | 4.38% | 3.01% | 5.90% | 10.25% | 17.81% | 3.66% | 2.99% | 4.06% | 3.86% | 2.89% | 3.30% |
Drawdowns
GMGEX vs. GOFIX - Drawdown Comparison
The maximum GMGEX drawdown since its inception was -58.47%, which is greater than GOFIX's maximum drawdown of -51.77%. Use the drawdown chart below to compare losses from any high point for GMGEX and GOFIX.
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Drawdown Indicators
| GMGEX | GOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.47% | -51.77% | -6.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -19.68% | +8.06% |
Max Drawdown (5Y)Largest decline over 5 years | -28.58% | -45.10% | +16.52% |
Max Drawdown (10Y)Largest decline over 10 years | -34.98% | -45.98% | +11.00% |
Current DrawdownCurrent decline from peak | -6.81% | 0.00% | -6.81% |
Average DrawdownAverage peak-to-trough decline | -16.84% | -13.74% | -3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 4.22% | -1.56% |
Volatility
GMGEX vs. GOFIX - Volatility Comparison
GMO Global Equity Allocation Fund (GMGEX) has a higher volatility of 6.09% compared to GMO Resources Fund (GOFIX) at 5.78%. This indicates that GMGEX's price experiences larger fluctuations and is considered to be riskier than GOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMGEX | GOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 5.78% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 15.52% | -5.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.72% | 26.98% | -11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 25.31% | -10.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.02% | 25.57% | -9.55% |