GMUEX vs. SPGP
Compare and contrast key facts about GMO U.S. Equity Fund (GMUEX) and Invesco S&P 500 GARP ETF (SPGP).
GMUEX is managed by GMO. It was launched on Sep 18, 1985. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011.
Performance
GMUEX vs. SPGP - Performance Comparison
Loading graphics...
GMUEX vs. SPGP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMUEX GMO U.S. Equity Fund | -2.06% | 22.24% | 20.97% | 22.02% | -12.66% | 24.28% | 13.56% | 28.62% | -9.77% | 18.46% |
SPGP Invesco S&P 500 GARP ETF | -4.85% | 9.80% | 8.48% | 20.29% | -13.83% | 35.72% | 15.92% | 39.16% | 1.68% | 36.24% |
Returns By Period
In the year-to-date period, GMUEX achieves a -2.06% return, which is significantly higher than SPGP's -4.85% return. Over the past 10 years, GMUEX has underperformed SPGP with an annualized return of 12.58%, while SPGP has yielded a comparatively higher 13.74% annualized return.
GMUEX
- 1D
- 3.04%
- 1M
- -4.55%
- YTD
- -2.06%
- 6M
- 3.90%
- 1Y
- 26.43%
- 3Y*
- 18.36%
- 5Y*
- 10.84%
- 10Y*
- 12.58%
SPGP
- 1D
- 0.35%
- 1M
- -5.73%
- YTD
- -4.85%
- 6M
- -4.76%
- 1Y
- 8.76%
- 3Y*
- 9.58%
- 5Y*
- 6.80%
- 10Y*
- 13.74%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GMUEX vs. SPGP - Expense Ratio Comparison
GMUEX has a 0.47% expense ratio, which is higher than SPGP's 0.36% expense ratio.
Return for Risk
GMUEX vs. SPGP — Risk / Return Rank
GMUEX
SPGP
GMUEX vs. SPGP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Equity Fund (GMUEX) and Invesco S&P 500 GARP ETF (SPGP). 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.
| GMUEX | SPGP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 0.40 | +0.99 |
Sortino ratioReturn per unit of downside risk | 2.01 | 0.73 | +1.28 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.10 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.15 | 0.61 | +1.53 |
Martin ratioReturn relative to average drawdown | 9.73 | 2.47 | +7.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| GMUEX | SPGP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 0.40 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.37 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.65 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.70 | -0.43 |
Correlation
The correlation between GMUEX and SPGP is 0.84, 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
GMUEX vs. SPGP - Dividend Comparison
GMUEX's dividend yield for the trailing twelve months is around 11.93%, more than SPGP's 0.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMUEX GMO U.S. Equity Fund | 11.93% | 11.68% | 17.31% | 12.10% | 6.99% | 14.17% | 9.16% | 12.24% | 21.90% | 11.22% | 11.27% | 12.88% |
SPGP Invesco S&P 500 GARP ETF | 0.98% | 1.04% | 1.38% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% |
Drawdowns
GMUEX vs. SPGP - Drawdown Comparison
The maximum GMUEX drawdown since its inception was -60.66%, which is greater than SPGP's maximum drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for GMUEX and SPGP.
Loading graphics...
Drawdown Indicators
| GMUEX | SPGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.66% | -42.08% | -18.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -15.00% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -28.95% | -22.87% | -6.08% |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | -42.08% | +8.18% |
Current DrawdownCurrent decline from peak | -6.43% | -7.95% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -17.33% | -4.39% | -12.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 3.72% | -0.87% |
Volatility
GMUEX vs. SPGP - Volatility Comparison
The current volatility for GMO U.S. Equity Fund (GMUEX) is 5.69%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 6.32%. This indicates that GMUEX experiences smaller price fluctuations and is considered to be less risky than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GMUEX | SPGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 6.32% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 11.83% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.41% | 21.81% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.80% | 18.48% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.45% | 21.16% | -1.71% |