GMGEX vs. SPY
Compare and contrast key facts about GMO Global Equity Allocation Fund (GMGEX) and SPDR S&P 500 ETF (SPY).
GMGEX is managed by GMO. It was launched on Nov 25, 1996. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GMGEX or SPY.
Correlation
The correlation between GMGEX and SPY is 0.68, 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.
Performance
GMGEX vs. SPY - Performance Comparison
Key characteristics
GMGEX:
1.18
SPY:
1.81
GMGEX:
1.61
SPY:
2.43
GMGEX:
1.21
SPY:
1.33
GMGEX:
1.72
SPY:
2.74
GMGEX:
5.55
SPY:
11.36
GMGEX:
2.45%
SPY:
2.03%
GMGEX:
11.57%
SPY:
12.74%
GMGEX:
-76.10%
SPY:
-55.19%
GMGEX:
-0.41%
SPY:
-0.73%
Returns By Period
In the year-to-date period, GMGEX achieves a 4.41% return, which is significantly higher than SPY's 3.28% return. Over the past 10 years, GMGEX has underperformed SPY with an annualized return of 5.64%, while SPY has yielded a comparatively higher 13.17% annualized return.
GMGEX
4.41%
5.53%
6.83%
12.98%
7.16%
5.64%
SPY
3.28%
4.28%
12.39%
22.37%
14.20%
13.17%
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GMGEX vs. SPY - Expense Ratio Comparison
GMGEX has a 0.01% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
GMGEX vs. SPY — Risk-Adjusted Performance Rank
GMGEX
SPY
GMGEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Global Equity Allocation Fund (GMGEX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
GMGEX vs. SPY - Dividend Comparison
GMGEX's dividend yield for the trailing twelve months is around 5.26%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMGEX GMO Global Equity Allocation Fund | 5.26% | 5.50% | 5.63% | 4.33% | 7.71% | 3.83% | 3.42% | 3.14% | 2.90% | 3.74% | 2.93% | 3.66% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GMGEX vs. SPY - Drawdown Comparison
The maximum GMGEX drawdown since its inception was -76.10%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GMGEX and SPY. For additional features, visit the drawdowns tool.
Volatility
GMGEX vs. SPY - Volatility Comparison
The current volatility for GMO Global Equity Allocation Fund (GMGEX) is 2.76%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.41%. This indicates that GMGEX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.