GQETX vs. GOFIX
Compare and contrast key facts about GMO Quality Fund (GQETX) and GMO Resources Fund (GOFIX).
GQETX is managed by GMO. It was launched on Feb 6, 2004. GOFIX is managed by GMO. It was launched on Dec 27, 2011.
Performance
GQETX vs. GOFIX - Performance Comparison
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GQETX vs. GOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GQETX GMO Quality Fund | -7.00% | 19.61% | 17.76% | 28.94% | -15.33% | 31.67% | 18.33% | 31.77% | 0.50% | 29.11% |
GOFIX GMO Resources Fund | 30.03% | 23.10% | -17.91% | -1.38% | -0.80% | 32.01% | 22.47% | 20.10% | -6.73% | 28.42% |
Returns By Period
In the year-to-date period, GQETX achieves a -7.00% return, which is significantly lower than GOFIX's 30.03% return. Both investments have delivered pretty close results over the past 10 years, with GQETX having a 14.85% annualized return and GOFIX not far behind at 14.57%.
GQETX
- 1D
- 2.81%
- 1M
- -6.44%
- YTD
- -7.00%
- 6M
- -2.28%
- 1Y
- 12.44%
- 3Y*
- 15.83%
- 5Y*
- 11.72%
- 10Y*
- 14.85%
GOFIX
- 1D
- 1.85%
- 1M
- 5.29%
- YTD
- 30.03%
- 6M
- 39.95%
- 1Y
- 68.15%
- 3Y*
- 9.73%
- 5Y*
- 8.52%
- 10Y*
- 14.57%
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GQETX vs. GOFIX - Expense Ratio Comparison
GQETX has a 0.49% expense ratio, which is lower than GOFIX's 0.72% expense ratio.
Return for Risk
GQETX vs. GOFIX — Risk / Return Rank
GQETX
GOFIX
GQETX vs. GOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Quality Fund (GQETX) and GMO Resources Fund (GOFIX). 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.
| GQETX | GOFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 2.61 | -1.87 |
Sortino ratioReturn per unit of downside risk | 1.20 | 3.14 | -1.94 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.45 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.01 | 3.48 | -2.47 |
Martin ratioReturn relative to average drawdown | 4.04 | 16.25 | -12.21 |
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
| GQETX | GOFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 2.61 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.34 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.57 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.34 | +0.34 |
Correlation
The correlation between GQETX and GOFIX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GQETX vs. GOFIX - Dividend Comparison
GQETX's dividend yield for the trailing twelve months is around 12.00%, more than GOFIX's 3.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQETX GMO Quality Fund | 12.00% | 11.16% | 3.91% | 3.43% | 11.85% | 10.19% | 13.61% | 8.08% | 21.66% | 8.10% | 3.56% | 17.25% |
GOFIX GMO Resources Fund | 3.37% | 4.38% | 3.01% | 5.90% | 10.25% | 17.81% | 3.66% | 2.99% | 4.06% | 3.86% | 2.89% | 3.30% |
Drawdowns
GQETX vs. GOFIX - Drawdown Comparison
The maximum GQETX drawdown since its inception was -39.99%, smaller than the maximum GOFIX drawdown of -51.77%. Use the drawdown chart below to compare losses from any high point for GQETX and GOFIX.
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Drawdown Indicators
| GQETX | GOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.99% | -51.77% | +11.78% |
Max Drawdown (1Y)Largest decline over 1 year | -12.76% | -19.68% | +6.92% |
Max Drawdown (5Y)Largest decline over 5 years | -24.22% | -45.10% | +20.88% |
Max Drawdown (10Y)Largest decline over 10 years | -30.44% | -45.98% | +15.54% |
Current DrawdownCurrent decline from peak | -10.31% | 0.00% | -10.31% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -13.74% | +8.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 4.22% | -1.04% |
Volatility
GQETX vs. GOFIX - Volatility Comparison
GMO Quality Fund (GQETX) and GMO Resources Fund (GOFIX) have volatilities of 5.64% and 5.78%, 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
| GQETX | GOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 5.78% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 15.52% | -5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.62% | 26.98% | -10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 25.31% | -9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 25.57% | -8.54% |