GWOAX vs. ^IMXL

Last updated Apr 2, 2026

Compare and contrast key facts about GMO Global Developed Equity Allocation Fund (GWOAX) and Dow Jones Islamic Market Titans 100 Index (^IMXL).

GWOAX is managed by GMO. It was launched on Jun 15, 2005.

Performance

GWOAX vs. ^IMXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Global Developed Equity Allocation Fund (GWOAX) and Dow Jones Islamic Market Titans 100 Index (^IMXL). The values are adjusted to include any dividend payments, if applicable.

GWOAX vs. ^IMXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GWOAX GMO Global Developed Equity Allocation Fund	3.10%	28.37%	6.14%	22.49%	-14.10%	18.53%	10.53%	26.56%	-12.95%	25.63%
^IMXL Dow Jones Islamic Market Titans 100 Index	-4.94%	20.39%	26.01%	33.51%	-25.49%	24.93%	26.81%	31.38%	-5.65%	23.76%

Returns By Period

In the year-to-date period, GWOAX achieves a 3.10% return, which is significantly higher than ^IMXL's -4.94% return. Over the past 10 years, GWOAX has underperformed ^IMXL with an annualized return of 11.04%, while ^IMXL has yielded a comparatively higher 13.64% annualized return.

GWOAX

• 1D: 2.74%
• 1M: -5.28%
• YTD: 3.10%
• 6M: 9.71%
• 1Y: 28.87%
• 3Y*: 17.19%
• 5Y*: 9.50%
• 10Y*: 11.04%

^IMXL

• 1D: 1.49%
• 1M: -5.10%
• YTD: -4.94%
• 6M: -0.91%
• 1Y: 22.59%
• 3Y*: 19.60%
• 5Y*: 11.54%
• 10Y*: 13.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GWOAX vs. ^IMXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GWOAX

GWOAX Risk / Return Rank: 88
GWOAX Sharpe Ratio Rank: 87
GWOAX Sortino Ratio Rank: 87
GWOAX Omega Ratio Rank: 86
GWOAX Calmar Ratio Rank: 87
GWOAX Martin Ratio Rank: 91

^IMXL

^IMXL Risk / Return Rank: 67
^IMXL Sharpe Ratio Rank: 77
^IMXL Sortino Ratio Rank: 79
^IMXL Omega Ratio Rank: 82
^IMXL Calmar Ratio Rank: 44
^IMXL Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GWOAX vs. ^IMXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Global Developed Equity Allocation Fund (GWOAX) and Dow Jones Islamic Market Titans 100 Index (^IMXL). 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.

	GWOAX	^IMXL	Difference
Sharpe ratio Return per unit of total volatility	1.83	1.13	+0.70
Sortino ratio Return per unit of downside risk	2.51	1.69	+0.82
Omega ratio Gain probability vs. loss probability	1.37	1.26	+0.12
Calmar ratio Return relative to maximum drawdown	2.52	1.11	+1.41
Martin ratio Return relative to average drawdown	11.23	4.60	+6.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GWOAX vs. ^IMXL - Sharpe Ratio Comparison

The current GWOAX Sharpe Ratio is 1.83, which is higher than the ^IMXL Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of GWOAX and ^IMXL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GWOAX	^IMXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	1.13	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.65	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.80	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.41	+0.03

Correlation

The correlation between GWOAX and ^IMXL 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.

Drawdowns

GWOAX vs. ^IMXL - Drawdown Comparison

The maximum GWOAX drawdown since its inception was -49.84%, roughly equal to the maximum ^IMXL drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for GWOAX and ^IMXL.

Drawdown Indicators

	GWOAX	^IMXL	Difference
Max Drawdown Largest peak-to-trough decline	-49.84%	-48.36%	-1.48%
Max Drawdown (1Y) Largest decline over 1 year	-11.43%	-11.76%	+0.33%
Max Drawdown (5Y) Largest decline over 5 years	-26.21%	-30.52%	+4.31%
Max Drawdown (10Y) Largest decline over 10 years	-35.28%	-30.52%	-4.76%
Current Drawdown Current decline from peak	-6.28%	-7.73%	+1.45%
Average Drawdown Average peak-to-trough decline	-9.06%	-10.87%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	2.74%	-0.18%

Volatility

GWOAX vs. ^IMXL - Volatility Comparison

GMO Global Developed Equity Allocation Fund (GWOAX) has a higher volatility of 5.89% compared to Dow Jones Islamic Market Titans 100 Index (^IMXL) at 5.54%. This indicates that GWOAX's price experiences larger fluctuations and is considered to be riskier than ^IMXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GWOAX	^IMXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	5.54%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	9.70%	8.96%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	15.92%	16.13%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	16.92%	-1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.48%	16.64%	-0.16%