GTMIX vs. PEQUX
Compare and contrast key facts about GMO Tax-Managed International Equities Fund (GTMIX) and Putnam Focused International Equity Fund (PEQUX).
GTMIX is managed by GMO. It was launched on Jul 28, 1998. PEQUX is managed by Putnam. It was launched on Jul 1, 1994.
Performance
GTMIX vs. PEQUX - Performance Comparison
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GTMIX vs. PEQUX - 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% |
PEQUX Putnam Focused International Equity Fund | -1.13% | 36.14% | 3.56% | 19.05% | -18.17% | 10.46% | 10.12% | 26.66% | -12.63% | 28.08% |
Returns By Period
In the year-to-date period, GTMIX achieves a 8.42% return, which is significantly higher than PEQUX's -1.13% return. Both investments have delivered pretty close results over the past 10 years, with GTMIX having a 9.87% annualized return and PEQUX not far behind at 9.43%.
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%
PEQUX
- 1D
- 3.33%
- 1M
- -7.57%
- YTD
- -1.13%
- 6M
- 3.38%
- 1Y
- 27.18%
- 3Y*
- 14.71%
- 5Y*
- 7.09%
- 10Y*
- 9.43%
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GTMIX vs. PEQUX - Expense Ratio Comparison
GTMIX has a 0.68% expense ratio, which is lower than PEQUX's 1.07% expense ratio.
Return for Risk
GTMIX vs. PEQUX — Risk / Return Rank
GTMIX
PEQUX
GTMIX vs. PEQUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Tax-Managed International Equities Fund (GTMIX) and Putnam Focused International Equity Fund (PEQUX). 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 | PEQUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.67 | 1.68 | +0.98 |
Sortino ratioReturn per unit of downside risk | 3.40 | 2.29 | +1.11 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.33 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 3.54 | 2.26 | +1.28 |
Martin ratioReturn relative to average drawdown | 16.76 | 10.40 | +6.36 |
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 | PEQUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | 1.68 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.45 | +0.31 |
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 | 0.14 | +0.25 |
Correlation
The correlation between GTMIX and PEQUX is 0.83, 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. PEQUX - Dividend Comparison
GTMIX's dividend yield for the trailing twelve months is around 20.69%, more than PEQUX's 7.04% 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% |
PEQUX Putnam Focused International Equity Fund | 7.04% | 6.96% | 3.75% | 1.01% | 2.79% | 34.47% | 0.53% | 0.05% | 0.00% | 0.35% | 1.59% | 0.56% |
Drawdowns
GTMIX vs. PEQUX - Drawdown Comparison
The maximum GTMIX drawdown since its inception was -58.31%, smaller than the maximum PEQUX drawdown of -83.68%. Use the drawdown chart below to compare losses from any high point for GTMIX and PEQUX.
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Drawdown Indicators
| GTMIX | PEQUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.31% | -83.68% | +25.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.24% | -11.80% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -28.81% | -33.42% | +4.61% |
Max Drawdown (10Y)Largest decline over 10 years | -40.32% | -35.75% | -4.57% |
Current DrawdownCurrent decline from peak | -4.51% | -8.86% | +4.35% |
Average DrawdownAverage peak-to-trough decline | -12.75% | -34.09% | +21.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.57% | -0.19% |
Volatility
GTMIX vs. PEQUX - Volatility Comparison
The current volatility for GMO Tax-Managed International Equities Fund (GTMIX) is 5.97%, while Putnam Focused International Equity Fund (PEQUX) has a volatility of 8.18%. This indicates that GTMIX experiences smaller price fluctuations and is considered to be less risky than PEQUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTMIX | PEQUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 8.18% | -2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 11.91% | -2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 16.43% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 15.76% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 16.90% | -0.84% |