GMOQX vs. AGEYX
Compare and contrast key facts about GMO Emerging Country Debt Fund Class VI (GMOQX) and American Beacon Developing World Income Fund Class Y (AGEYX).
GMOQX is an actively managed fund by GMO. It was launched on Apr 19, 1994. AGEYX is a passively managed fund by American Beacon that tracks the performance of the JPMorgan® EMBI Global Diversified Index. It was launched on Feb 25, 2014.
Performance
GMOQX vs. AGEYX - Performance Comparison
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GMOQX vs. AGEYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GMOQX GMO Emerging Country Debt Fund Class VI | 2.32% | 22.45% | 12.60% | 17.76% | -16.26% | -2.20% |
AGEYX American Beacon Developing World Income Fund Class Y | 1.32% | 19.15% | 15.85% | 13.10% | -12.62% | 0.24% |
Returns By Period
In the year-to-date period, GMOQX achieves a 2.32% return, which is significantly higher than AGEYX's 1.32% return.
GMOQX
- 1D
- 0.31%
- 1M
- -2.50%
- YTD
- 2.32%
- 6M
- 8.47%
- 1Y
- 20.48%
- 3Y*
- 17.70%
- 5Y*
- —
- 10Y*
- —
AGEYX
- 1D
- -0.26%
- 1M
- -2.20%
- YTD
- 1.32%
- 6M
- 6.93%
- 1Y
- 18.28%
- 3Y*
- 16.20%
- 5Y*
- 8.01%
- 10Y*
- 7.74%
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GMOQX vs. AGEYX - Expense Ratio Comparison
GMOQX has a 0.51% expense ratio, which is lower than AGEYX's 1.14% expense ratio.
Return for Risk
GMOQX vs. AGEYX — Risk / Return Rank
GMOQX
AGEYX
GMOQX vs. AGEYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Emerging Country Debt Fund Class VI (GMOQX) and American Beacon Developing World Income Fund Class Y (AGEYX). 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.
| GMOQX | AGEYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.14 | 3.99 | -0.85 |
Sortino ratioReturn per unit of downside risk | 4.57 | 5.48 | -0.91 |
Omega ratioGain probability vs. loss probability | 1.75 | 2.05 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 3.59 | 4.43 | -0.84 |
Martin ratioReturn relative to average drawdown | 18.03 | 21.23 | -3.20 |
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
| GMOQX | AGEYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 3.99 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.57 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.30 | -0.67 |
Correlation
The correlation between GMOQX and AGEYX is 0.73, 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
GMOQX vs. AGEYX - Dividend Comparison
GMOQX's dividend yield for the trailing twelve months is around 6.23%, less than AGEYX's 9.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMOQX GMO Emerging Country Debt Fund Class VI | 6.23% | 6.37% | 6.23% | 10.36% | 13.87% | 7.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGEYX American Beacon Developing World Income Fund Class Y | 9.17% | 9.99% | 12.16% | 9.64% | 7.50% | 7.90% | 7.34% | 8.61% | 9.88% | 7.30% | 8.43% | 7.03% |
Drawdowns
GMOQX vs. AGEYX - Drawdown Comparison
The maximum GMOQX drawdown since its inception was -31.41%, which is greater than AGEYX's maximum drawdown of -22.24%. Use the drawdown chart below to compare losses from any high point for GMOQX and AGEYX.
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Drawdown Indicators
| GMOQX | AGEYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.41% | -22.24% | -9.17% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -3.45% | -2.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.24% | — |
Current DrawdownCurrent decline from peak | -3.53% | -3.40% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -3.59% | -6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.86% | +0.28% |
Volatility
GMOQX vs. AGEYX - Volatility Comparison
GMO Emerging Country Debt Fund Class VI (GMOQX) has a higher volatility of 2.28% compared to American Beacon Developing World Income Fund Class Y (AGEYX) at 1.63%. This indicates that GMOQX's price experiences larger fluctuations and is considered to be riskier than AGEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMOQX | AGEYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 1.63% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 3.93% | 2.85% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.71% | 4.64% | +2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.00% | 5.12% | +5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.00% | 5.00% | +6.00% |