GMOIX vs. GAAVX
Compare and contrast key facts about GMO International Equity Fund (GMOIX) and GMO Alternative Allocation Fund (GAAVX).
GMOIX is managed by GMO. It was launched on Mar 30, 1987. GAAVX is managed by GMO. It was launched on May 1, 2019.
Performance
GMOIX vs. GAAVX - Performance Comparison
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GMOIX vs. GAAVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GMOIX GMO International Equity Fund | 5.23% | 43.94% | 11.54% | 20.51% | -10.38% | 12.11% | 7.47% | 13.84% |
GAAVX GMO Alternative Allocation Fund | 3.33% | 15.19% | -5.70% | 6.07% | 3.63% | -5.12% | -0.28% | 3.49% |
Returns By Period
In the year-to-date period, GMOIX achieves a 5.23% return, which is significantly higher than GAAVX's 3.33% return.
GMOIX
- 1D
- 3.34%
- 1M
- -6.49%
- YTD
- 5.23%
- 6M
- 14.84%
- 1Y
- 37.98%
- 3Y*
- 23.80%
- 5Y*
- 13.44%
- 10Y*
- 11.16%
GAAVX
- 1D
- 0.00%
- 1M
- -0.37%
- YTD
- 3.33%
- 6M
- 10.87%
- 1Y
- 13.78%
- 3Y*
- 5.94%
- 5Y*
- 3.63%
- 10Y*
- —
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GMOIX vs. GAAVX - Expense Ratio Comparison
GMOIX has a 0.66% expense ratio, which is higher than GAAVX's 0.61% expense ratio.
Return for Risk
GMOIX vs. GAAVX — Risk / Return Rank
GMOIX
GAAVX
GMOIX vs. GAAVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO International Equity Fund (GMOIX) and GMO Alternative Allocation Fund (GAAVX). 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.
| GMOIX | GAAVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 1.95 | +0.17 |
Sortino ratioReturn per unit of downside risk | 2.80 | 3.08 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.38 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 3.16 | 3.79 | -0.63 |
Martin ratioReturn relative to average drawdown | 12.33 | 9.05 | +3.29 |
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
| GMOIX | GAAVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.95 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.63 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.47 | -0.14 |
Correlation
The correlation between GMOIX and GAAVX is 0.46, 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
GMOIX vs. GAAVX - Dividend Comparison
GMOIX's dividend yield for the trailing twelve months is around 5.34%, less than GAAVX's 8.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMOIX GMO International Equity Fund | 5.34% | 5.62% | 2.77% | 7.54% | 4.32% | 6.40% | 4.56% | 3.49% | 3.74% | 3.11% | 4.00% | 3.26% |
GAAVX GMO Alternative Allocation Fund | 8.49% | 8.78% | 0.00% | 5.18% | 0.91% | 4.10% | 2.41% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GMOIX vs. GAAVX - Drawdown Comparison
The maximum GMOIX drawdown since its inception was -59.00%, which is greater than GAAVX's maximum drawdown of -9.59%. Use the drawdown chart below to compare losses from any high point for GMOIX and GAAVX.
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Drawdown Indicators
| GMOIX | GAAVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.00% | -9.59% | -49.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -3.09% | -8.58% |
Max Drawdown (5Y)Largest decline over 5 years | -28.69% | -9.59% | -19.10% |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | — | — |
Current DrawdownCurrent decline from peak | -8.11% | -1.20% | -6.91% |
Average DrawdownAverage peak-to-trough decline | -12.97% | -3.11% | -9.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 1.54% | +1.45% |
Volatility
GMOIX vs. GAAVX - Volatility Comparison
GMO International Equity Fund (GMOIX) has a higher volatility of 8.39% compared to GMO Alternative Allocation Fund (GAAVX) at 1.85%. This indicates that GMOIX's price experiences larger fluctuations and is considered to be riskier than GAAVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMOIX | GAAVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 1.85% | +6.54% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 4.81% | +8.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 6.82% | +11.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 5.81% | +10.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 5.87% | +10.91% |