GMOIX vs. GIMFX
GMOIX (GMO International Equity Fund) and GIMFX (GMO Implementation Fund) are both mutual funds - GMOIX is a Foreign Large Cap Equities fund managed by GMO, while GIMFX is a Global Allocation fund managed by GMO. Over the past 10 years, GMOIX returned 12.73%/yr vs 7.21%/yr for GIMFX. Their correlation of 0.84 suggests significant overlap in exposure. GMOIX charges 0.66%/yr vs 0.02%/yr for GIMFX.
Performance
GMOIX vs. GIMFX - Performance Comparison
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Returns By Period
In the year-to-date period, GMOIX achieves a 17.09% return, which is significantly higher than GIMFX's 11.29% return. Over the past 10 years, GMOIX has outperformed GIMFX with an annualized return of 12.73%, while GIMFX has yielded a comparatively lower 7.21% annualized return.
GMOIX
- 1D
- -0.48%
- 1M
- -1.66%
- YTD
- 17.09%
- 6M
- 16.37%
- 1Y
- 39.69%
- 3Y*
- 27.31%
- 5Y*
- 14.71%
- 10Y*
- 12.73%
GIMFX
- 1D
- 0.06%
- 1M
- -1.33%
- YTD
- 11.29%
- 6M
- 11.29%
- 1Y
- 27.62%
- 3Y*
- 16.41%
- 5Y*
- 9.52%
- 10Y*
- 7.21%
GMOIX vs. GIMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMOIX GMO International Equity Fund | 17.09% | 43.94% | 11.54% | 20.51% | -10.38% | 12.11% | 7.47% | 24.56% | -20.55% | 25.73% |
GIMFX GMO Implementation Fund | 11.29% | 25.37% | 2.67% | 14.75% | -1.24% | 4.05% | -7.25% | 13.24% | -5.58% | 14.09% |
Correlation
The correlation between GMOIX and GIMFX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.84 |
The correlation between GMOIX and GIMFX has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
GMOIX vs. GIMFX — Risk / Return Rank
GMOIX
GIMFX
GMOIX vs. GIMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO International Equity Fund (GMOIX) and GMO Implementation Fund (GIMFX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GMOIX | GIMFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.67 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 4.25 | -0.89 |
| Martin ratioReturn relative to average drawdown | 13.23 | 16.05 | -2.82 |
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Drawdowns
GMOIX vs. GIMFX - Drawdown Comparison
The maximum GMOIX drawdown since its inception was -59.00%, which is greater than GIMFX's maximum drawdown of -25.87%. Use the drawdown chart below to compare losses from any high point for GMOIX and GIMFX.
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Drawdown Indicators
| GMOIX | GIMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.00% | -25.87% | -33.13% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -6.53% | -5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -8.02% | -5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -27.40% | -13.20% | -14.20% |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | -25.87% | -14.27% |
Current DrawdownCurrent decline from peak | -3.46% | -2.52% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -12.89% | -4.28% | -8.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 1.73% | +1.23% |
Volatility
GMOIX vs. GIMFX - Volatility Comparison
GMO International Equity Fund (GMOIX) has a higher volatility of 6.85% compared to GMO Implementation Fund (GIMFX) at 2.89%. This indicates that GMOIX's price experiences larger fluctuations and is considered to be riskier than GIMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMOIX | GIMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 2.89% | +3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 14.50% | 6.68% | +7.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.63% | 8.29% | +9.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 8.64% | +7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 8.94% | +7.78% |
GMOIX vs. GIMFX - Expense Ratio Comparison
GMOIX has a 0.66% expense ratio, which is higher than GIMFX's 0.02% expense ratio.
Dividends
GMOIX vs. GIMFX - Dividend Comparison
GMOIX's dividend yield for the trailing twelve months is around 4.80%, more than GIMFX's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIMFX GMO Implementation Fund | 3.84% | 4.28% | 3.39% | 5.93% | 3.59% | 3.28% | 2.25% | 3.99% | 4.59% | 2.95% | 1.98% | 0.00% |
GMOIX GMO International Equity Fund | 4.80% | 5.62% | 2.77% | 7.54% | 4.32% | 6.40% | 4.56% | 3.49% | 3.74% | 3.11% | 4.00% | 3.26% |
Frequently Asked Questions
GMOIX and GIMFX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMOIX has higher volatility (6.85%) compared to GIMFX (2.89%). In terms of maximum drawdown, GMOIX dropped -59.00% vs GIMFX's -25.87%.
GIMFX currently has the higher Sharpe Ratio (3.35 vs 2.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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