GTMIX vs. SWISX
Compare and contrast key facts about GMO Tax-Managed International Equities Fund (GTMIX) and Schwab International Index Fund (SWISX).
GTMIX is managed by GMO. It was launched on Jul 28, 1998. SWISX is a passively managed fund by Charles Schwab that tracks the performance of the MSCI EAFE Index. It was launched on May 19, 1997.
Performance
GTMIX vs. SWISX - Performance Comparison
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GTMIX vs. SWISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTMIX GMO Tax-Managed International Equities Fund | 5.80% | 46.17% | 1.54% | 14.96% | -10.13% | 10.71% | 7.50% | 23.35% | -21.23% | 28.45% |
SWISX Schwab International Index Fund | -1.95% | 31.59% | 3.54% | 18.13% | -14.30% | 11.25% | 8.14% | 21.87% | -13.38% | 25.32% |
Returns By Period
In the year-to-date period, GTMIX achieves a 5.80% return, which is significantly higher than SWISX's -1.95% return. Over the past 10 years, GTMIX has outperformed SWISX with an annualized return of 9.60%, while SWISX has yielded a comparatively lower 8.51% annualized return.
GTMIX
- 1D
- 0.35%
- 1M
- -6.82%
- YTD
- 5.80%
- 6M
- 15.97%
- 1Y
- 37.75%
- 3Y*
- 19.28%
- 5Y*
- 11.05%
- 10Y*
- 9.60%
SWISX
- 1D
- 0.32%
- 1M
- -10.91%
- YTD
- -1.95%
- 6M
- 2.32%
- 1Y
- 19.51%
- 3Y*
- 13.26%
- 5Y*
- 7.79%
- 10Y*
- 8.51%
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GTMIX vs. SWISX - Expense Ratio Comparison
GTMIX has a 0.68% expense ratio, which is higher than SWISX's 0.06% expense ratio.
Return for Risk
GTMIX vs. SWISX — Risk / Return Rank
GTMIX
SWISX
GTMIX vs. SWISX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Tax-Managed International Equities Fund (GTMIX) and Schwab International Index Fund (SWISX). 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 | SWISX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.38 | 1.08 | +1.30 |
Sortino ratioReturn per unit of downside risk | 3.06 | 1.52 | +1.54 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.22 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 2.92 | 1.51 | +1.41 |
Martin ratioReturn relative to average drawdown | 14.29 | 5.81 | +8.47 |
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 | SWISX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 1.08 | +1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.49 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.51 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.29 | +0.11 |
Correlation
The correlation between GTMIX and SWISX is 0.94, 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. SWISX - Dividend Comparison
GTMIX's dividend yield for the trailing twelve months is around 21.21%, more than SWISX's 3.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTMIX GMO Tax-Managed International Equities Fund | 21.21% | 22.43% | 5.94% | 0.36% | 5.44% | 16.55% | 2.25% | 4.13% | 7.25% | 2.96% | 4.05% | 3.26% |
SWISX Schwab International Index Fund | 3.62% | 3.55% | 3.29% | 3.31% | 2.73% | 3.34% | 1.88% | 3.09% | 3.15% | 2.71% | 3.19% | 2.71% |
Drawdowns
GTMIX vs. SWISX - Drawdown Comparison
The maximum GTMIX drawdown since its inception was -58.31%, roughly equal to the maximum SWISX drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for GTMIX and SWISX.
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Drawdown Indicators
| GTMIX | SWISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.31% | -60.65% | +2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -11.24% | -11.39% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -28.81% | -29.42% | +0.61% |
Max Drawdown (10Y)Largest decline over 10 years | -40.32% | -33.83% | -6.49% |
Current DrawdownCurrent decline from peak | -6.82% | -10.91% | +4.09% |
Average DrawdownAverage peak-to-trough decline | -12.75% | -14.88% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 2.97% | -0.51% |
Volatility
GTMIX vs. SWISX - Volatility Comparison
The current volatility for GMO Tax-Managed International Equities Fund (GTMIX) is 5.33%, while Schwab International Index Fund (SWISX) has a volatility of 7.16%. This indicates that GTMIX experiences smaller price fluctuations and is considered to be less risky than SWISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTMIX | SWISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 7.16% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 10.88% | -1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.41% | 17.01% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.87% | 16.06% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 16.79% | -0.74% |