GTMIX vs. FINVX
GTMIX (GMO Tax-Managed International Equities Fund) and FINVX (Fidelity Series International Value Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, GTMIX returned 10.85%/yr vs 11.19%/yr for FINVX. Their correlation of 0.95 means they have usually moved in the same direction. GTMIX charges 0.68%/yr vs 0.01%/yr for FINVX.
Performance
GTMIX vs. FINVX - Performance Comparison
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Returns By Period
In the year-to-date period, GTMIX achieves a 21.28% return, which is significantly higher than FINVX's 11.86% return. Both investments have delivered pretty close results over the past 10 years, with GTMIX having a 10.85% annualized return and FINVX not far ahead at 11.19%.
GTMIX
- 1D
- 0.21%
- 1M
- 6.24%
- 6M
- 12.37%
- YTD
- 21.28%
- 1Y
- 42.47%
- 3Y*
- 22.90%
- 5Y*
- 12.91%
- 10Y*
- 10.85%
- ALL TIME*
- 7.38%
FINVX
- 1D
- 0.52%
- 1M
- 2.53%
- 6M
- 4.99%
- YTD
- 11.86%
- 1Y
- 26.69%
- 3Y*
- 23.11%
- 5Y*
- 14.84%
- 10Y*
- 11.19%
- ALL TIME*
- 6.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GTMIX vs. FINVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTMIX GMO Tax-Managed International Equities Fund | 21.28% | 46.17% | 1.54% | 14.96% | -10.13% | 10.71% | 7.50% | 23.35% | -21.23% | 28.45% |
FINVX Fidelity Series International Value Fund | 11.86% | 45.75% | 6.20% | 20.35% | -7.21% | 16.39% | 4.87% | 19.85% | -16.40% | 20.41% |
Correlation
The correlation between GTMIX and FINVX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2009 | 0.95 |
The correlation between GTMIX and FINVX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
GTMIX vs. FINVX — Risk / Return Rank
GTMIX
FINVX
GTMIX vs. FINVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Tax-Managed International Equities Fund (GTMIX) and Fidelity Series International Value Fund (FINVX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GTMIX | FINVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.34 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 5.61 | 2.79 | +2.83 |
| Martin ratioReturn relative to average drawdown | 22.23 | 10.35 | +11.88 |
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Drawdowns
GTMIX vs. FINVX - Drawdown Comparison
The maximum GTMIX drawdown since its inception was -58.31%, which is greater than FINVX's maximum drawdown of -42.48%. Use the drawdown chart below to compare losses from any high point for GTMIX and FINVX.
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Drawdown Indicators
| GTMIX | FINVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.31% | -42.48% | -15.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.90% | -10.38% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -14.11% | -14.60% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -27.13% | -0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -40.32% | -42.48% | +2.16% |
Current DrawdownCurrent decline from peak | -0.63% | 0.00% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -8.96% | -3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 2.79% | -0.80% |
Volatility
GTMIX vs. FINVX - Volatility Comparison
The current volatility for GMO Tax-Managed International Equities Fund (GTMIX) is 3.39%, while Fidelity Series International Value Fund (FINVX) has a volatility of 3.88%. This indicates that GTMIX experiences smaller price fluctuations and is considered to be less risky than FINVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTMIX | FINVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 3.88% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 12.73% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.71% | 15.13% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 16.69% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 17.75% | -1.99% |
GTMIX vs. FINVX - Expense Ratio Comparison
GTMIX has a 0.68% expense ratio, which is higher than FINVX's 0.01% expense ratio.
Dividends
GTMIX vs. FINVX - Dividend Comparison
GTMIX's dividend yield for the trailing twelve months is around 20.82%, more than FINVX's 10.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FINVX Fidelity Series International Value Fund | 10.01% | 11.20% | 4.14% | 3.29% | 3.33% | 5.01% | 2.83% | 4.05% | 4.05% | 3.14% | 2.62% | 2.14% |
GTMIX GMO Tax-Managed International Equities Fund | 20.82% | 22.43% | 5.94% | 0.36% | 5.44% | 16.55% | 2.25% | 4.13% | 7.25% | 2.96% | 4.05% | 3.26% |
Frequently Asked Questions
With a correlation of 0.91, GTMIX and FINVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FINVX has higher volatility (3.88%) compared to GTMIX (3.39%). In terms of maximum drawdown, GTMIX dropped -58.31% vs FINVX's -42.48%.
GTMIX currently has the higher Sharpe Ratio (3.50 vs 1.92), 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.
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