GQEFX vs. FSKAX
Compare and contrast key facts about GMO Quality Fund Class IV (GQEFX) and Fidelity Total Market Index Fund (FSKAX).
GQEFX is an actively managed fund by GMO. It was launched on Feb 6, 2004. FSKAX is managed by Fidelity.
Performance
GQEFX vs. FSKAX - Performance Comparison
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GQEFX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GQEFX GMO Quality Fund Class IV | -7.00% | 19.64% | 17.54% | 28.95% | -15.30% | 31.76% | 18.39% | 31.87% | 0.54% | 10.45% |
FSKAX Fidelity Total Market Index Fund | -3.98% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 11.11% |
Returns By Period
In the year-to-date period, GQEFX achieves a -7.00% return, which is significantly lower than FSKAX's -3.98% return.
GQEFX
- 1D
- 2.80%
- 1M
- -6.44%
- YTD
- -7.00%
- 6M
- -2.28%
- 1Y
- 12.46%
- 3Y*
- 15.77%
- 5Y*
- 11.70%
- 10Y*
- —
FSKAX
- 1D
- 2.99%
- 1M
- -5.06%
- YTD
- -3.98%
- 6M
- -2.04%
- 1Y
- 17.68%
- 3Y*
- 17.87%
- 5Y*
- 10.50%
- 10Y*
- 13.56%
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GQEFX vs. FSKAX - Expense Ratio Comparison
GQEFX has a 0.47% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Return for Risk
GQEFX vs. FSKAX — Risk / Return Rank
GQEFX
FSKAX
GQEFX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Quality Fund Class IV (GQEFX) and Fidelity Total Market Index Fund (FSKAX). 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.
| GQEFX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.98 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.49 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.50 | -0.49 |
Martin ratioReturn relative to average drawdown | 4.06 | 7.20 | -3.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GQEFX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.98 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.61 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.79 | +0.02 |
Correlation
The correlation between GQEFX and FSKAX 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.
Dividends
GQEFX vs. FSKAX - Dividend Comparison
GQEFX's dividend yield for the trailing twelve months is around 11.99%, more than FSKAX's 1.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQEFX GMO Quality Fund Class IV | 11.99% | 11.15% | 3.70% | 3.43% | 11.84% | 10.23% | 13.62% | 8.09% | 21.69% | 7.08% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.06% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
GQEFX vs. FSKAX - Drawdown Comparison
The maximum GQEFX drawdown since its inception was -30.42%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for GQEFX and FSKAX.
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Drawdown Indicators
| GQEFX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.42% | -35.01% | +4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -12.74% | -12.42% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -24.22% | -25.39% | +1.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.01% | — |
Current DrawdownCurrent decline from peak | -10.30% | -6.20% | -4.10% |
Average DrawdownAverage peak-to-trough decline | -4.20% | -4.05% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.60% | +0.57% |
Volatility
GQEFX vs. FSKAX - Volatility Comparison
GMO Quality Fund Class IV (GQEFX) and Fidelity Total Market Index Fund (FSKAX) have volatilities of 5.62% and 5.52%, 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.
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Volatility by Period
| GQEFX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 5.52% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 9.85% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.60% | 18.69% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 17.42% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 18.44% | -0.60% |