GMOEX vs. GABFX
Compare and contrast key facts about GMO Emerging Markets Fund (GMOEX) and GMO Asset Allocation Bond Fund (GABFX).
GMOEX is managed by GMO. It was launched on Dec 8, 1993. GABFX is managed by GMO. It was launched on Mar 17, 2009.
Performance
GMOEX vs. GABFX - Performance Comparison
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GMOEX vs. GABFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMOEX GMO Emerging Markets Fund | 2.77% | 33.86% | 1.95% | 17.68% | -31.57% | 2.05% | 5.50% | 22.15% | -12.82% | 32.05% |
GABFX GMO Asset Allocation Bond Fund | -1.12% | 8.82% | -12.60% | 8.33% | -14.86% | 1.34% | 11.28% | 8.00% | 0.78% | 2.41% |
Returns By Period
In the year-to-date period, GMOEX achieves a 2.77% return, which is significantly higher than GABFX's -1.12% return. Over the past 10 years, GMOEX has outperformed GABFX with an annualized return of 6.26%, while GABFX has yielded a comparatively lower 0.76% annualized return.
GMOEX
- 1D
- -0.97%
- 1M
- -12.62%
- YTD
- 2.77%
- 6M
- 8.09%
- 1Y
- 33.37%
- 3Y*
- 17.00%
- 5Y*
- 1.70%
- 10Y*
- 6.26%
GABFX
- 1D
- 1.43%
- 1M
- -4.35%
- YTD
- -1.12%
- 6M
- -0.76%
- 1Y
- 0.95%
- 3Y*
- -1.13%
- 5Y*
- -2.21%
- 10Y*
- 0.76%
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GMOEX vs. GABFX - Expense Ratio Comparison
GMOEX has a 0.90% expense ratio, which is higher than GABFX's 0.32% expense ratio.
Return for Risk
GMOEX vs. GABFX — Risk / Return Rank
GMOEX
GABFX
GMOEX vs. GABFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Emerging Markets Fund (GMOEX) and GMO Asset Allocation Bond Fund (GABFX). 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.
| GMOEX | GABFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.95 | 0.09 | +1.86 |
Sortino ratioReturn per unit of downside risk | 2.43 | 0.22 | +2.21 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.03 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 0.30 | +1.97 |
Martin ratioReturn relative to average drawdown | 8.69 | 0.65 | +8.04 |
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
| GMOEX | GABFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 0.09 | +1.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | -0.16 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.07 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.15 | -0.03 |
Correlation
The correlation between GMOEX and GABFX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GMOEX vs. GABFX - Dividend Comparison
GMOEX's dividend yield for the trailing twelve months is around 4.88%, more than GABFX's 2.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMOEX GMO Emerging Markets Fund | 4.88% | 5.01% | 3.79% | 6.00% | 8.08% | 4.48% | 3.71% | 4.63% | 3.36% | 2.56% | 2.21% | 1.15% |
GABFX GMO Asset Allocation Bond Fund | 2.72% | 2.69% | 4.19% | 5.03% | 0.71% | 1.81% | 1.20% | 4.72% | 5.13% | 1.07% | 0.00% | 7.43% |
Drawdowns
GMOEX vs. GABFX - Drawdown Comparison
The maximum GMOEX drawdown since its inception was -76.43%, which is greater than GABFX's maximum drawdown of -27.84%. Use the drawdown chart below to compare losses from any high point for GMOEX and GABFX.
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Drawdown Indicators
| GMOEX | GABFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.43% | -27.84% | -48.59% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -11.04% | -2.34% |
Max Drawdown (5Y)Largest decline over 5 years | -43.50% | -27.84% | -15.66% |
Max Drawdown (10Y)Largest decline over 10 years | -43.50% | -27.84% | -15.66% |
Current DrawdownCurrent decline from peak | -29.92% | -15.37% | -14.55% |
Average DrawdownAverage peak-to-trough decline | -37.56% | -7.20% | -30.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 5.03% | -1.55% |
Volatility
GMOEX vs. GABFX - Volatility Comparison
GMO Emerging Markets Fund (GMOEX) has a higher volatility of 7.68% compared to GMO Asset Allocation Bond Fund (GABFX) at 3.57%. This indicates that GMOEX's price experiences larger fluctuations and is considered to be riskier than GABFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMOEX | GABFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 3.57% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | 6.77% | +5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.76% | 13.22% | +3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.84% | 13.92% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 10.28% | +6.33% |