GOFIX vs. GMUEX

Last updated Jun 4, 2026

GOFIX (GMO Resources Fund) and GMUEX (GMO U.S. Equity Fund) are both mutual funds - GOFIX is a Energy Equities fund managed by GMO, while GMUEX is a Large Cap Value Equities fund managed by GMO. Over the past 10 years, GOFIX returned 14.42%/yr vs 14.52%/yr for GMUEX. A 0.65 correlation means they provide meaningful diversification when combined. GOFIX charges 0.72%/yr vs 0.47%/yr for GMUEX.

Performance

GOFIX vs. GMUEX - Performance Comparison

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

Returns By Period

In the year-to-date period, GOFIX achieves a 36.01% return, which is significantly higher than GMUEX's 16.91% return. Both investments have delivered pretty close results over the past 10 years, with GOFIX having a 14.42% annualized return and GMUEX not far ahead at 14.52%.

GOFIX

• 1D: 1.59%
• 1M: 2.05%
• YTD: 36.01%
• 6M: 36.89%
• 1Y: 77.40%
• 3Y*: 12.17%
• 5Y*: 7.85%
• 10Y*: 14.42%

GMUEX

• 1D: 0.77%
• 1M: 9.18%
• YTD: 16.91%
• 6M: 18.19%
• 1Y: 43.66%
• 3Y*: 24.91%
• 5Y*: 13.77%
• 10Y*: 14.52%

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

GOFIX vs. GMUEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOFIX GMO Resources Fund	36.01%	23.10%	-17.91%	-1.38%	-0.80%	32.01%	22.47%	20.10%	-6.73%	28.42%
GMUEX GMO U.S. Equity Fund	16.91%	22.24%	20.97%	22.02%	-12.66%	24.28%	13.56%	28.62%	-9.77%	18.46%

Correlation

The correlation between GOFIX and GMUEX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jan 4, 2012	0.65

Over the past year, the correlation between GOFIX and GMUEX has dropped to 0.40 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

Return for Risk

GOFIX vs. GMUEX — Risk / Return Rank

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

GOFIX

GOFIX Risk / Return Rank: 96
GOFIX Sharpe Ratio Rank: 98
GOFIX Sortino Ratio Rank: 94
GOFIX Omega Ratio Rank: 90
GOFIX Calmar Ratio Rank: 99
GOFIX Martin Ratio Rank: 99

GMUEX

GMUEX Risk / Return Rank: 91
GMUEX Sharpe Ratio Rank: 94
GMUEX Sortino Ratio Rank: 90
GMUEX Omega Ratio Rank: 84
GMUEX Calmar Ratio Rank: 91
GMUEX Martin Ratio Rank: 93

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. GMUEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Resources Fund (GOFIX) and GMO U.S. Equity Fund (GMUEX). 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	GMUEX	Difference
Sharpe ratio: Return per unit of total volatility	4.03	3.28	+0.75
Sortino ratio: Return per unit of downside risk	4.93	4.41	+0.52
Omega ratio: Gain probability vs. loss probability	1.64	1.57	+0.06
Calmar ratio: Return relative to maximum drawdown	13.39	4.86	+8.53
Martin ratio: Return relative to average drawdown	41.88	20.65	+21.23
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. GMUEX - Sharpe Ratio Comparison

The current GOFIX Sharpe Ratio is 4.03, which is comparable to the GMUEX Sharpe Ratio of 3.28. The chart below compares the historical Sharpe Ratios of GOFIX and GMUEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GOFIX	GMUEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.03	3.28	+0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.70	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.75	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.30	+0.05

Drawdowns

GOFIX vs. GMUEX - Drawdown Comparison

The maximum GOFIX drawdown since its inception was -51.77%, smaller than the maximum GMUEX drawdown of -60.66%. Use the drawdown chart below to compare losses from any high point for GOFIX and GMUEX.

Drawdown Indicators

	GOFIX	GMUEX	Difference
Max Drawdown Largest peak-to-trough decline	-51.77%	-60.66%	+8.89%
Max Drawdown (1Y) Largest decline over 1 year	-6.04%	-9.19%	+3.15%
Max Drawdown (3Y) Largest decline over 3 years	-41.28%	-20.85%	-20.43%
Max Drawdown (5Y) Largest decline over 5 years	-45.10%	-28.95%	-16.15%
Max Drawdown (10Y) Largest decline over 10 years	-45.98%	-33.90%	-12.08%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-13.59%	-17.25%	+3.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	2.16%	-0.23%

Volatility

GOFIX vs. GMUEX - Volatility Comparison

GMO Resources Fund (GOFIX) and GMO U.S. Equity Fund (GMUEX) have volatilities of 3.96% and 3.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOFIX	GMUEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	3.97%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	14.05%	10.45%	+3.60%
Volatility (1Y) Calculated over the trailing 1-year period	20.06%	13.59%	+6.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.18%	19.82%	+5.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.33%	19.50%	+5.83%

GOFIX vs. GMUEX - Expense Ratio Comparison

GOFIX has a 0.72% expense ratio, which is higher than GMUEX's 0.47% expense ratio.

Dividends

GOFIX vs. GMUEX - Dividend Comparison

GOFIX's dividend yield for the trailing twelve months is around 3.22%, less than GMUEX's 9.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMUEX GMO U.S. Equity Fund	9.99%	11.68%	17.31%	12.10%	6.99%	14.17%	9.16%	12.24%	21.90%	11.22%	11.27%	12.88%
GOFIX GMO Resources Fund	3.22%	4.38%	3.01%	5.90%	10.25%	17.81%	3.66%	2.99%	4.06%	3.86%	2.89%	3.30%

Frequently Asked Questions

Can I hold both GOFIX and GMUEX in my portfolio?

GOFIX and GMUEX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOFIX or GMUEX?

GMUEX has higher volatility (3.97%) compared to GOFIX (3.96%). In terms of maximum drawdown, GOFIX dropped -51.77% vs GMUEX's -60.66%.

Which has better risk-adjusted returns?

GOFIX currently has the higher Sharpe Ratio (4.03 vs 3.28), 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.