GMOIX vs. GMCDX
Compare and contrast key facts about GMO International Equity Fund (GMOIX) and GMO Emerging Country Debt Fund (GMCDX).
GMOIX is managed by GMO. It was launched on Mar 30, 1987. GMCDX is managed by GMO. It was launched on Apr 18, 1994.
Performance
GMOIX vs. GMCDX - Performance Comparison
Loading graphics...
GMOIX vs. GMCDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMOIX GMO International Equity Fund | 5.23% | 43.94% | 11.54% | 20.51% | -10.38% | 12.11% | 7.47% | 24.56% | -20.55% | 25.73% |
GMCDX GMO Emerging Country Debt Fund | 2.31% | 22.34% | 13.39% | 17.63% | -16.30% | 6.56% | 7.25% | 14.28% | -5.89% | 12.49% |
Returns By Period
In the year-to-date period, GMOIX achieves a 5.23% return, which is significantly higher than GMCDX's 2.31% return. Over the past 10 years, GMOIX has outperformed GMCDX with an annualized return of 11.16%, while GMCDX has yielded a comparatively lower 7.62% annualized 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%
GMCDX
- 1D
- 0.30%
- 1M
- -2.54%
- YTD
- 2.31%
- 6M
- 8.44%
- 1Y
- 20.37%
- 3Y*
- 17.91%
- 5Y*
- 9.25%
- 10Y*
- 7.62%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GMOIX vs. GMCDX - Expense Ratio Comparison
GMOIX has a 0.66% expense ratio, which is higher than GMCDX's 0.53% expense ratio.
Return for Risk
GMOIX vs. GMCDX — Risk / Return Rank
GMOIX
GMCDX
GMOIX vs. GMCDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO International Equity Fund (GMOIX) and GMO Emerging Country Debt Fund (GMCDX). 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 | GMCDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 3.12 | -1.00 |
Sortino ratioReturn per unit of downside risk | 2.80 | 4.54 | -1.74 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.76 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | 3.16 | 3.55 | -0.40 |
Martin ratioReturn relative to average drawdown | 12.33 | 17.85 | -5.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| GMOIX | GMCDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 3.12 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.83 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.82 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.30 | +0.03 |
Correlation
The correlation between GMOIX and GMCDX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GMOIX vs. GMCDX - Dividend Comparison
GMOIX's dividend yield for the trailing twelve months is around 5.34%, less than GMCDX's 6.13% 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% |
GMCDX GMO Emerging Country Debt Fund | 6.13% | 6.27% | 6.88% | 10.26% | 13.73% | 17.75% | 9.66% | 6.60% | 7.76% | 7.06% | 6.00% | 2.50% |
Drawdowns
GMOIX vs. GMCDX - Drawdown Comparison
The maximum GMOIX drawdown since its inception was -59.00%, smaller than the maximum GMCDX drawdown of -68.24%. Use the drawdown chart below to compare losses from any high point for GMOIX and GMCDX.
Loading graphics...
Drawdown Indicators
| GMOIX | GMCDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.00% | -68.24% | +9.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -5.69% | -5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -28.69% | -26.02% | -2.67% |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | -26.02% | -14.12% |
Current DrawdownCurrent decline from peak | -8.11% | -3.56% | -4.55% |
Average DrawdownAverage peak-to-trough decline | -12.97% | -17.75% | +4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 1.14% | +1.85% |
Volatility
GMOIX vs. GMCDX - Volatility Comparison
GMO International Equity Fund (GMOIX) has a higher volatility of 8.39% compared to GMO Emerging Country Debt Fund (GMCDX) at 2.27%. This indicates that GMOIX's price experiences larger fluctuations and is considered to be riskier than GMCDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GMOIX | GMCDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 2.27% | +6.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 3.92% | +9.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 6.72% | +11.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 11.16% | +4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 9.31% | +7.47% |