GTMIX vs. IGAAX
Compare and contrast key facts about GMO Tax-Managed International Equities Fund (GTMIX) and American Funds International Growth and Income Fund Class A (IGAAX).
GTMIX is managed by GMO. It was launched on Jul 28, 1998. IGAAX is managed by American Funds. It was launched on Oct 1, 2008.
Performance
GTMIX vs. IGAAX - Performance Comparison
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GTMIX vs. IGAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTMIX GMO Tax-Managed International Equities Fund | 8.42% | 46.17% | 1.54% | 14.96% | -10.13% | 10.71% | 7.50% | 23.35% | -21.23% | 28.45% |
IGAAX American Funds International Growth and Income Fund Class A | 1.55% | 35.09% | 3.28% | 15.25% | -15.47% | 9.80% | 7.78% | 27.11% | -14.38% | 26.08% |
Returns By Period
In the year-to-date period, GTMIX achieves a 8.42% return, which is significantly higher than IGAAX's 1.55% return. Over the past 10 years, GTMIX has outperformed IGAAX with an annualized return of 9.87%, while IGAAX has yielded a comparatively lower 8.77% annualized return.
GTMIX
- 1D
- 2.48%
- 1M
- -3.58%
- YTD
- 8.42%
- 6M
- 17.91%
- 1Y
- 41.17%
- 3Y*
- 20.26%
- 5Y*
- 11.29%
- 10Y*
- 9.87%
IGAAX
- 1D
- 2.33%
- 1M
- -7.31%
- YTD
- 1.55%
- 6M
- 6.45%
- 1Y
- 26.97%
- 3Y*
- 14.95%
- 5Y*
- 7.44%
- 10Y*
- 8.77%
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GTMIX vs. IGAAX - Expense Ratio Comparison
GTMIX has a 0.68% expense ratio, which is lower than IGAAX's 0.91% expense ratio.
Return for Risk
GTMIX vs. IGAAX — Risk / Return Rank
GTMIX
IGAAX
GTMIX vs. IGAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Tax-Managed International Equities Fund (GTMIX) and American Funds International Growth and Income Fund Class A (IGAAX). 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.
| GTMIX | IGAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.67 | 1.92 | +0.75 |
Sortino ratioReturn per unit of downside risk | 3.40 | 2.43 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.39 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 3.54 | 2.44 | +1.11 |
Martin ratioReturn relative to average drawdown | 16.76 | 9.51 | +7.25 |
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
| GTMIX | IGAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | 1.92 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.52 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.56 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.44 | -0.04 |
Correlation
The correlation between GTMIX and IGAAX is 0.92, 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
GTMIX vs. IGAAX - Dividend Comparison
GTMIX's dividend yield for the trailing twelve months is around 20.69%, more than IGAAX's 8.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTMIX GMO Tax-Managed International Equities Fund | 20.69% | 22.43% | 5.94% | 0.36% | 5.44% | 16.55% | 2.25% | 4.13% | 7.25% | 2.96% | 4.05% | 3.26% |
IGAAX American Funds International Growth and Income Fund Class A | 8.12% | 8.14% | 3.37% | 2.29% | 4.00% | 6.91% | 1.37% | 2.40% | 2.81% | 1.85% | 2.35% | 3.25% |
Drawdowns
GTMIX vs. IGAAX - Drawdown Comparison
The maximum GTMIX drawdown since its inception was -58.31%, which is greater than IGAAX's maximum drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for GTMIX and IGAAX.
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Drawdown Indicators
| GTMIX | IGAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.31% | -35.79% | -22.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.24% | -10.92% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -28.81% | -30.57% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -40.32% | -35.79% | -4.53% |
Current DrawdownCurrent decline from peak | -4.51% | -8.84% | +4.33% |
Average DrawdownAverage peak-to-trough decline | -12.75% | -7.96% | -4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.80% | -0.42% |
Volatility
GTMIX vs. IGAAX - Volatility Comparison
The current volatility for GMO Tax-Managed International Equities Fund (GTMIX) is 5.97%, while American Funds International Growth and Income Fund Class A (IGAAX) has a volatility of 6.30%. This indicates that GTMIX experiences smaller price fluctuations and is considered to be less risky than IGAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTMIX | IGAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 6.30% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 9.67% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 14.55% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 14.43% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 15.82% | +0.24% |