Correlation
The correlation between GMUEX and GQETX is 0.93, 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.
GMUEX vs. GQETX
Compare and contrast key facts about GMO U.S. Equity Fund (GMUEX) and GMO Quality Fund (GQETX).
GMUEX is managed by GMO. It was launched on Sep 18, 1985. GQETX is managed by GMO. It was launched on Feb 6, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GMUEX or GQETX.
Performance
GMUEX vs. GQETX - Performance Comparison
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Key characteristics
GMUEX:
0.33
GQETX:
0.69
GMUEX:
0.53
GQETX:
0.92
GMUEX:
1.08
GQETX:
1.13
GMUEX:
0.28
GQETX:
0.60
GMUEX:
0.96
GQETX:
2.34
GMUEX:
5.98%
GQETX:
4.01%
GMUEX:
20.69%
GQETX:
16.66%
GMUEX:
-48.17%
GQETX:
-41.46%
GMUEX:
-5.98%
GQETX:
-3.55%
Returns By Period
In the year-to-date period, GMUEX achieves a -1.27% return, which is significantly lower than GQETX's 2.61% return. Over the past 10 years, GMUEX has outperformed GQETX with an annualized return of 11.36%, while GQETX has yielded a comparatively lower 9.45% annualized return.
GMUEX
-1.27%
6.45%
-4.73%
6.83%
12.04%
15.53%
11.36%
GQETX
2.61%
4.27%
0.13%
11.43%
14.95%
16.88%
9.45%
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GMUEX vs. GQETX - Expense Ratio Comparison
GMUEX has a 0.47% expense ratio, which is lower than GQETX's 0.49% expense ratio.
Risk-Adjusted Performance
GMUEX vs. GQETX — Risk-Adjusted Performance Rank
GMUEX
GQETX
GMUEX vs. GQETX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Equity Fund (GMUEX) and GMO Quality Fund (GQETX). 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.
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Dividends
GMUEX vs. GQETX - Dividend Comparison
GMUEX's dividend yield for the trailing twelve months is around 17.54%, more than GQETX's 4.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMUEX GMO U.S. Equity Fund | 17.54% | 17.32% | 12.10% | 7.22% | 20.66% | 9.16% | 12.24% | 21.90% | 11.22% | 12.47% | 12.88% | 16.12% |
GQETX GMO Quality Fund | 4.80% | 4.92% | 4.25% | 12.03% | 10.20% | 13.61% | 8.08% | 21.66% | 8.10% | 3.56% | 17.25% | 24.26% |
Drawdowns
GMUEX vs. GQETX - Drawdown Comparison
The maximum GMUEX drawdown since its inception was -48.17%, which is greater than GQETX's maximum drawdown of -41.46%. Use the drawdown chart below to compare losses from any high point for GMUEX and GQETX.
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Volatility
GMUEX vs. GQETX - Volatility Comparison
GMO U.S. Equity Fund (GMUEX) has a higher volatility of 4.69% compared to GMO Quality Fund (GQETX) at 4.43%. This indicates that GMUEX's price experiences larger fluctuations and is considered to be riskier than GQETX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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