Correlation
The correlation between GUGAX and IYW is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
GUGAX vs. IYW
Compare and contrast key facts about GMO Multi-Sector Fixed Income Fund (GUGAX) and iShares U.S. Technology ETF (IYW).
GUGAX is managed by GMO. It was launched on Apr 30, 1997. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GUGAX or IYW.
Performance
GUGAX vs. IYW - Performance Comparison
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Key characteristics
GUGAX:
1.05
IYW:
0.48
GUGAX:
1.51
IYW:
0.71
GUGAX:
1.18
IYW:
1.10
GUGAX:
0.39
IYW:
0.41
GUGAX:
2.52
IYW:
1.29
GUGAX:
2.20%
IYW:
8.42%
GUGAX:
5.31%
IYW:
30.22%
GUGAX:
-68.81%
IYW:
-81.89%
GUGAX:
-9.06%
IYW:
-5.07%
Returns By Period
In the year-to-date period, GUGAX achieves a 2.37% return, which is significantly higher than IYW's -0.75% return. Over the past 10 years, GUGAX has underperformed IYW with an annualized return of 1.58%, while IYW has yielded a comparatively higher 19.98% annualized return.
GUGAX
2.37%
-0.75%
0.87%
5.55%
1.52%
-1.32%
1.58%
IYW
-0.75%
10.80%
-0.59%
14.34%
21.93%
20.70%
19.98%
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GUGAX vs. IYW - Expense Ratio Comparison
GUGAX has a 0.45% expense ratio, which is higher than IYW's 0.42% expense ratio.
Risk-Adjusted Performance
GUGAX vs. IYW — Risk-Adjusted Performance Rank
GUGAX
IYW
GUGAX vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Multi-Sector Fixed Income Fund (GUGAX) and iShares U.S. Technology ETF (IYW). 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.
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Dividends
GUGAX vs. IYW - Dividend Comparison
GUGAX's dividend yield for the trailing twelve months is around 4.55%, more than IYW's 0.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUGAX GMO Multi-Sector Fixed Income Fund | 4.55% | 4.66% | 0.00% | 1.95% | 2.90% | 10.78% | 5.74% | 5.08% | 2.43% | 3.83% | 5.27% | 4.18% |
IYW iShares U.S. Technology ETF | 0.21% | 0.21% | 0.53% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% |
Drawdowns
GUGAX vs. IYW - Drawdown Comparison
The maximum GUGAX drawdown since its inception was -68.81%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for GUGAX and IYW.
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Volatility
GUGAX vs. IYW - Volatility Comparison
The current volatility for GMO Multi-Sector Fixed Income Fund (GUGAX) is 1.46%, while iShares U.S. Technology ETF (IYW) has a volatility of 6.60%. This indicates that GUGAX experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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