GMOIX vs. PZRIX
Compare and contrast key facts about GMO International Equity Fund (GMOIX) and PIMCO RAE Global ex-US Fund (PZRIX).
GMOIX is managed by GMO. It was launched on Mar 30, 1987. PZRIX is managed by PIMCO. It was launched on Jun 4, 2015.
Performance
GMOIX vs. PZRIX - Performance Comparison
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GMOIX vs. PZRIX - 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% |
PZRIX PIMCO RAE Global ex-US Fund | 9.93% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
Returns By Period
In the year-to-date period, GMOIX achieves a 5.23% return, which is significantly lower than PZRIX's 9.93% return. Over the past 10 years, GMOIX has outperformed PZRIX with an annualized return of 11.16%, while PZRIX has yielded a comparatively lower 10.15% 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%
PZRIX
- 1D
- 1.89%
- 1M
- -4.32%
- YTD
- 9.93%
- 6M
- 17.91%
- 1Y
- 37.11%
- 3Y*
- 19.65%
- 5Y*
- 10.81%
- 10Y*
- 10.15%
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GMOIX vs. PZRIX - Expense Ratio Comparison
GMOIX has a 0.66% expense ratio, which is higher than PZRIX's 0.00% expense ratio.
Return for Risk
GMOIX vs. PZRIX — Risk / Return Rank
GMOIX
PZRIX
GMOIX vs. PZRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO International Equity Fund (GMOIX) and PIMCO RAE Global ex-US Fund (PZRIX). 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 | PZRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 2.67 | -0.55 |
Sortino ratioReturn per unit of downside risk | 2.80 | 3.39 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.52 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.16 | 3.09 | +0.06 |
Martin ratioReturn relative to average drawdown | 12.33 | 14.29 | -1.95 |
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 | PZRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.67 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.69 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.60 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.59 | -0.26 |
Correlation
The correlation between GMOIX and PZRIX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GMOIX vs. PZRIX - Dividend Comparison
GMOIX's dividend yield for the trailing twelve months is around 5.34%, less than PZRIX's 5.96% 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% |
PZRIX PIMCO RAE Global ex-US Fund | 5.96% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% | 0.00% |
Drawdowns
GMOIX vs. PZRIX - Drawdown Comparison
The maximum GMOIX drawdown since its inception was -59.00%, which is greater than PZRIX's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for GMOIX and PZRIX.
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Drawdown Indicators
| GMOIX | PZRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.00% | -43.53% | -15.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -10.68% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -28.69% | -30.85% | +2.16% |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | -43.53% | +3.39% |
Current DrawdownCurrent decline from peak | -8.11% | -5.20% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -12.97% | -9.00% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 2.45% | +0.54% |
Volatility
GMOIX vs. PZRIX - Volatility Comparison
GMO International Equity Fund (GMOIX) has a higher volatility of 8.39% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 5.45%. This indicates that GMOIX's price experiences larger fluctuations and is considered to be riskier than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMOIX | PZRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 5.45% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 8.92% | +4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 14.17% | +3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 15.85% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 17.02% | -0.24% |