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GMOQX vs. EEIIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GMOQX vs. EEIIX

Last updated Apr 2, 2026

Compare and contrast key facts about GMO Emerging Country Debt Fund Class VI (GMOQX) and Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX).

GMOQX is an actively managed fund by GMO. It was launched on Apr 19, 1994. EEIIX is an actively managed fund by Eaton Vance. It was launched on Nov 27, 2009.

Performance

GMOQX vs. EEIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Emerging Country Debt Fund Class VI (GMOQX) and Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX). The values are adjusted to include any dividend payments, if applicable.

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GMOQX vs. EEIIX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
GMOQX
GMO Emerging Country Debt Fund Class VI		2.32%22.45%12.60%17.76%-16.26%-2.20%
EEIIX
Eaton Vance Emerging Markets Local Income Fund Class I		-1.19%26.00%-0.97%13.95%-11.53%-3.24%

Returns By Period

In the year-to-date period, GMOQX achieves a 2.32% return, which is significantly higher than EEIIX's -1.19% return.

GMOQX

1D
0.31%
1M
-2.50%
YTD
2.32%
6M
8.47%
1Y
20.48%
3Y*
17.70%
5Y*
—
10Y*
—

EEIIX

1D
0.59%
1M
-5.30%
YTD
-1.19%
6M
4.55%
1Y
18.08%
3Y*
9.82%
5Y*
4.44%
10Y*
5.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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GMO Emerging Country Debt Fund Class VI

Eaton Vance Emerging Markets Local Income Fund Class I

Often compared with GMOQX:
GMOQX vs. DLENXGMOQX vs. DBLLXGMOQX vs. DBLEXGMOQX vs. AGEYXGMOQX vs. GBFFXGMOQX vs. GMCDXGMOQX vs. SEDAX
Often compared with EEIIX:
EEIIX vs. LSPIXEEIIX vs. LCCMXEEIIX vs. EIPIEEIIX vs. IOFIXEEIIX vs. MLPAEEIIX vs. AGEPXEEIIX vs. GABEX

GMOQX vs. EEIIX - Expense Ratio Comparison

GMOQX has a 0.51% expense ratio, which is lower than EEIIX's 1.01% expense ratio.

EEIIX
Eaton Vance Emerging Markets Local Income Fund Class I
GMOQX
GMO Emerging Country Debt Fund Class VI

Return for Risk

GMOQX vs. EEIIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GMOQX
GMOQX Risk / Return Rank: 9797
Overall Rank
GMOQX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
GMOQX Sortino Ratio Rank: 9898
Sortino Ratio Rank
GMOQX Omega Ratio Rank: 9898
Omega Ratio Rank
GMOQX Calmar Ratio Rank: 9595
Calmar Ratio Rank
GMOQX Martin Ratio Rank: 9797
Martin Ratio Rank
EEIIX
EEIIX Risk / Return Rank: 9494
Overall Rank
EEIIX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
EEIIX Sortino Ratio Rank: 9797
Sortino Ratio Rank
EEIIX Omega Ratio Rank: 9696
Omega Ratio Rank
EEIIX Calmar Ratio Rank: 8888
Calmar Ratio Rank
EEIIX Martin Ratio Rank: 9191
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GMOQX vs. EEIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Emerging Country Debt Fund Class VI (GMOQX) and Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX). 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.

GMOQXEEIIXDifference

Sharpe ratio

Return per unit of total volatility

3.14

2.72

+0.43

Sortino ratio

Return per unit of downside risk

4.57

3.70

+0.87

Omega ratio

Gain probability vs. loss probability

1.75

1.56

+0.19

Calmar ratio

Return relative to maximum drawdown

3.59

2.56

+1.03

Martin ratio

Return relative to average drawdown

18.03

11.54

+6.48

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMOQX vs. EEIIX - Sharpe Ratio Comparison

The current GMOQX Sharpe Ratio is 3.14, which is comparable to the EEIIX Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of GMOQX and EEIIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

GMOQXEEIIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.14

2.72

+0.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.56

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.60

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.39

+0.24

Correlation

The correlation between GMOQX and EEIIX is 0.52, 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

GMOQX vs. EEIIX - Dividend Comparison

GMOQX's dividend yield for the trailing twelve months is around 6.23%, less than EEIIX's 10.78% yield.

TTM20252024202320222021202020192018201720162015
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%
EEIIX
Eaton Vance Emerging Markets Local Income Fund Class I		10.78%10.36%11.46%11.62%13.71%11.49%10.06%13.31%10.80%9.04%11.27%12.21%

Drawdowns

GMOQX vs. EEIIX - Drawdown Comparison

The maximum GMOQX drawdown since its inception was -31.41%, roughly equal to the maximum EEIIX drawdown of -31.11%. Use the drawdown chart below to compare losses from any high point for GMOQX and EEIIX.

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Drawdown Indicators

GMOQXEEIIXDifference

Max Drawdown

Largest peak-to-trough decline

-31.41%

-31.11%

-0.30%

Max Drawdown (1Y)

Largest decline over 1 year

-5.66%

-7.20%

+1.54%

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.28%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.05%

—

Current Drawdown

Current decline from peak

-3.53%

-6.65%

+3.12%

Average Drawdown

Average peak-to-trough decline

-10.04%

-8.77%

-1.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.14%

1.60%

-0.46%

Volatility

GMOQX vs. EEIIX - Volatility Comparison

The current volatility for GMO Emerging Country Debt Fund Class VI (GMOQX) is 2.28%, while Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX) has a volatility of 3.51%. This indicates that GMOQX experiences smaller price fluctuations and is considered to be less risky than EEIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GMOQXEEIIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.28%

3.51%

-1.23%

Volatility (6M)

Calculated over the trailing 6-month period

3.93%

5.14%

-1.21%

Volatility (1Y)

Calculated over the trailing 1-year period

6.71%

6.69%

+0.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.00%

7.94%

+3.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.00%

8.38%

+2.62%