GMUEX vs. NQCRX

Last updated Jun 26, 2026

GMUEX (GMO U.S. Equity Fund) and NQCRX (Nuveen Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, GMUEX returned 14.54%/yr vs 14.81%/yr for NQCRX. Their correlation of 0.88 suggests significant overlap in exposure. GMUEX charges 0.47%/yr vs 0.74%/yr for NQCRX.

Performance

GMUEX vs. NQCRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO U.S. Equity Fund (GMUEX) and Nuveen Large Cap Value Fund (NQCRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMUEX achieves a 13.68% return, which is significantly lower than NQCRX's 17.53% return. Both investments have delivered pretty close results over the past 10 years, with GMUEX having a 14.54% annualized return and NQCRX not far ahead at 14.81%.

GMUEX

• 1D: -0.12%
• 1M: -0.96%
• YTD: 13.68%
• 6M: 12.14%
• 1Y: 36.11%
• 3Y*: 23.24%
• 5Y*: 13.12%
• 10Y*: 14.54%

NQCRX

• 1D: -0.15%
• 1M: 0.46%
• YTD: 17.53%
• 6M: 16.50%
• 1Y: 35.34%
• 3Y*: 22.63%
• 5Y*: 14.72%
• 10Y*: 14.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GMUEX vs. NQCRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GMUEX GMO U.S. Equity Fund	13.68%	22.24%	20.97%	22.02%	-12.66%	24.28%	13.56%	28.62%	-9.77%	18.46%
NQCRX Nuveen Large Cap Value Fund	17.53%	22.44%	17.74%	13.76%	-1.07%	25.38%	-0.27%	47.63%	-15.47%	15.46%

Correlation

The correlation between GMUEX and NQCRX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 14, 2006	0.88

The correlation between GMUEX and NQCRX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.

Return for Risk

GMUEX vs. NQCRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GMUEX

GMUEX Risk / Return Rank: 87
GMUEX Sharpe Ratio Rank: 89
GMUEX Sortino Ratio Rank: 84
GMUEX Omega Ratio Rank: 81
GMUEX Calmar Ratio Rank: 90
GMUEX Martin Ratio Rank: 92

NQCRX

NQCRX Risk / Return Rank: 92
NQCRX Sharpe Ratio Rank: 94
NQCRX Sortino Ratio Rank: 89
NQCRX Omega Ratio Rank: 84
NQCRX Calmar Ratio Rank: 97
NQCRX Martin Ratio Rank: 97

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.

GMUEX vs. NQCRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Equity Fund (GMUEX) and Nuveen Large Cap Value Fund (NQCRX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GMUEX	NQCRX	Difference
Sharpe ratio: Return per unit of total volatility	2.54	2.76	-0.23
Sortino ratio: Return per unit of downside risk	3.42	3.83	-0.41
Omega ratio: Gain probability vs. loss probability	1.44	1.48	-0.04
Calmar ratio: Return relative to maximum drawdown	3.92	5.79	-1.87
Martin ratio: Return relative to average drawdown	16.23	21.41	-5.18

GMUEX vs. NQCRX - Sharpe Ratio Comparison

The current GMUEX Sharpe Ratio is 2.54, which is comparable to the NQCRX Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of GMUEX and NQCRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GMUEX vs. NQCRX - Drawdown Comparison

The maximum GMUEX drawdown since its inception was -60.66%, roughly equal to the maximum NQCRX drawdown of -57.85%. Use the drawdown chart below to compare losses from any high point for GMUEX and NQCRX.

Drawdown Indicators

	GMUEX	NQCRX	Difference
Max Drawdown Largest peak-to-trough decline	-60.66%	-57.85%	-2.81%
Max Drawdown (1Y) Largest decline over 1 year	-9.19%	-6.07%	-3.12%
Max Drawdown (3Y) Largest decline over 3 years	-20.85%	-17.21%	-3.64%
Max Drawdown (5Y) Largest decline over 5 years	-28.95%	-17.61%	-11.34%
Max Drawdown (10Y) Largest decline over 10 years	-33.90%	-41.84%	+7.94%
Current Drawdown Current decline from peak	-2.82%	-0.76%	-2.06%
Average Drawdown Average peak-to-trough decline	-17.23%	-9.98%	-7.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	1.64%	+0.58%

Volatility

GMUEX vs. NQCRX - Volatility Comparison

GMO U.S. Equity Fund (GMUEX) has a higher volatility of 5.19% compared to Nuveen Large Cap Value Fund (NQCRX) at 4.15%. This indicates that GMUEX's price experiences larger fluctuations and is considered to be riskier than NQCRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMUEX	NQCRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	4.15%	+1.04%
Volatility (6M) Calculated over the trailing 6-month period	11.27%	9.94%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	14.24%	12.76%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.89%	15.62%	+4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.52%	18.87%	+0.65%

GMUEX vs. NQCRX - Expense Ratio Comparison

GMUEX has a 0.47% expense ratio, which is lower than NQCRX's 0.74% expense ratio.

Dividends

GMUEX vs. NQCRX - Dividend Comparison

GMUEX's dividend yield for the trailing twelve months is around 10.28%, more than NQCRX's 6.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMUEX GMO U.S. Equity Fund	10.28%	11.68%	17.31%	12.10%	6.99%	14.17%	9.16%	12.24%	21.90%	11.22%	11.27%	12.88%
NQCRX Nuveen Large Cap Value Fund	6.21%	7.30%	6.82%	2.22%	4.63%	20.85%	17.95%	26.88%	34.12%	27.42%	10.74%	61.01%

Frequently Asked Questions

Can I hold both GMUEX and NQCRX in my portfolio?

GMUEX and NQCRX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GMUEX or NQCRX?

GMUEX has higher volatility (5.19%) compared to NQCRX (4.15%). In terms of maximum drawdown, GMUEX dropped -60.66% vs NQCRX's -57.85%.

Which has better risk-adjusted returns?

NQCRX currently has the higher Sharpe Ratio (2.76 vs 2.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.