GOFIX vs. GCCHX

Last updated Apr 1, 2026

Compare and contrast key facts about GMO Resources Fund (GOFIX) and GMO Climate Change Fund (GCCHX).

GOFIX is managed by GMO. It was launched on Dec 27, 2011. GCCHX is managed by GMO. It was launched on Apr 4, 2017.

Performance

GOFIX vs. GCCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Resources Fund (GOFIX) and GMO Climate Change Fund (GCCHX). The values are adjusted to include any dividend payments, if applicable.

GOFIX vs. GCCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOFIX GMO Resources Fund	27.66%	23.10%	-17.91%	-1.38%	-0.80%	32.01%	22.47%	20.10%	-6.73%	26.05%
GCCHX GMO Climate Change Fund	6.61%	39.25%	-25.63%	-6.85%	-10.39%	21.84%	42.82%	27.36%	-16.35%	26.15%

Returns By Period

In the year-to-date period, GOFIX achieves a 27.66% return, which is significantly higher than GCCHX's 6.61% return.

GOFIX

• 1D: -0.22%
• 1M: 4.63%
• YTD: 27.66%
• 6M: 39.62%
• 1Y: 67.01%
• 3Y*: 9.07%
• 5Y*: 8.33%
• 10Y*: 14.36%

GCCHX

• 1D: -1.04%
• 1M: -5.74%
• YTD: 6.61%
• 6M: 15.46%
• 1Y: 64.36%
• 3Y*: -1.00%
• 5Y*: 0.70%
• 10Y*: —

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

GOFIX vs. GCCHX - Expense Ratio Comparison

GOFIX has a 0.72% expense ratio, which is lower than GCCHX's 0.77% expense ratio.

GCCHX

GMO Climate Change Fund

GOFIX

GMO Resources Fund

Return for Risk

GOFIX vs. GCCHX — Risk / Return Rank

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

GOFIX

GOFIX Risk / Return Rank: 95
GOFIX Sharpe Ratio Rank: 96
GOFIX Sortino Ratio Rank: 94
GOFIX Omega Ratio Rank: 92
GOFIX Calmar Ratio Rank: 95
GOFIX Martin Ratio Rank: 96

GCCHX

GCCHX Risk / Return Rank: 94
GCCHX Sharpe Ratio Rank: 95
GCCHX Sortino Ratio Rank: 93
GCCHX Omega Ratio Rank: 87
GCCHX Calmar Ratio Rank: 97
GCCHX Martin Ratio Rank: 96

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.

GOFIX vs. GCCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Resources Fund (GOFIX) and GMO Climate Change Fund (GCCHX). 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.

	GOFIX	GCCHX	Difference
Sharpe ratio Return per unit of total volatility	2.44	2.24	+0.20
Sortino ratio Return per unit of downside risk	2.98	2.89	+0.09
Omega ratio Gain probability vs. loss probability	1.43	1.38	+0.05
Calmar ratio Return relative to maximum drawdown	3.19	3.92	-0.73
Martin ratio Return relative to average drawdown	14.88	13.98	+0.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOFIX vs. GCCHX - Sharpe Ratio Comparison

The current GOFIX Sharpe Ratio is 2.44, which is comparable to the GCCHX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of GOFIX and GCCHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GOFIX	GCCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	2.24	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.03	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.36	-0.02

Correlation

The correlation between GOFIX and GCCHX is 0.87, 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

GOFIX vs. GCCHX - Dividend Comparison

GOFIX's dividend yield for the trailing twelve months is around 3.43%, more than GCCHX's 1.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOFIX GMO Resources Fund	3.43%	4.38%	3.01%	5.90%	10.25%	17.81%	3.66%	2.99%	4.06%	3.86%	2.89%	3.30%
GCCHX GMO Climate Change Fund	1.41%	1.51%	0.66%	0.96%	2.24%	25.43%	5.42%	4.03%	2.62%	3.43%	0.00%	0.00%

Drawdowns

GOFIX vs. GCCHX - Drawdown Comparison

The maximum GOFIX drawdown since its inception was -51.77%, roughly equal to the maximum GCCHX drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for GOFIX and GCCHX.

Drawdown Indicators

	GOFIX	GCCHX	Difference
Max Drawdown Largest peak-to-trough decline	-51.77%	-54.32%	+2.55%
Max Drawdown (1Y) Largest decline over 1 year	-19.68%	-14.89%	-4.79%
Max Drawdown (5Y) Largest decline over 5 years	-45.10%	-54.32%	+9.22%
Max Drawdown (10Y) Largest decline over 10 years	-45.98%	—	—
Current Drawdown Current decline from peak	-0.22%	-13.15%	+12.93%
Average Drawdown Average peak-to-trough decline	-13.75%	-14.11%	+0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	4.18%	+0.04%

Volatility

GOFIX vs. GCCHX - Volatility Comparison

The current volatility for GMO Resources Fund (GOFIX) is 5.63%, while GMO Climate Change Fund (GCCHX) has a volatility of 8.34%. This indicates that GOFIX experiences smaller price fluctuations and is considered to be less risky than GCCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOFIX	GCCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	8.34%	-2.71%
Volatility (6M) Calculated over the trailing 6-month period	15.50%	17.07%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	26.99%	27.75%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.30%	26.87%	-1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.56%	25.21%	+0.35%