GWOAX vs. CWGIX
Compare and contrast key facts about GMO Global Developed Equity Allocation Fund (GWOAX) and American Funds Capital World Growth and Income Fund Class A (CWGIX).
GWOAX is managed by GMO. It was launched on Jun 15, 2005. CWGIX is managed by American Funds. It was launched on Mar 26, 1993.
Performance
GWOAX vs. CWGIX - Performance Comparison
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GWOAX vs. CWGIX - 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% |
CWGIX American Funds Capital World Growth and Income Fund Class A | -1.32% | 24.68% | 13.85% | 20.55% | -17.32% | 14.74% | 15.31% | 25.32% | -10.60% | 24.55% |
Returns By Period
In the year-to-date period, GWOAX achieves a 3.10% return, which is significantly higher than CWGIX's -1.32% return. Both investments have delivered pretty close results over the past 10 years, with GWOAX having a 11.04% annualized return and CWGIX not far behind at 10.60%.
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%
CWGIX
- 1D
- 3.00%
- 1M
- -6.57%
- YTD
- -1.32%
- 6M
- 2.37%
- 1Y
- 22.43%
- 3Y*
- 16.70%
- 5Y*
- 8.67%
- 10Y*
- 10.60%
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GWOAX vs. CWGIX - Expense Ratio Comparison
GWOAX has a 0.01% expense ratio, which is lower than CWGIX's 0.75% expense ratio.
Return for Risk
GWOAX vs. CWGIX — Risk / Return Rank
GWOAX
CWGIX
GWOAX vs. CWGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Global Developed Equity Allocation Fund (GWOAX) and American Funds Capital World Growth and Income Fund Class A (CWGIX). 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 | CWGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 1.46 | +0.37 |
Sortino ratioReturn per unit of downside risk | 2.51 | 2.09 | +0.43 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.29 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.07 | +0.45 |
Martin ratioReturn relative to average drawdown | 11.23 | 8.70 | +2.53 |
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
| GWOAX | CWGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.46 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.58 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.67 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.66 | -0.22 |
Correlation
The correlation between GWOAX and CWGIX 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
GWOAX vs. CWGIX - Dividend Comparison
GWOAX's dividend yield for the trailing twelve months is around 4.33%, less than CWGIX's 10.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWOAX GMO Global Developed Equity Allocation Fund | 4.33% | 4.46% | 0.60% | 6.10% | 7.27% | 12.75% | 3.85% | 4.33% | 3.02% | 3.05% | 6.43% | 12.47% |
CWGIX American Funds Capital World Growth and Income Fund Class A | 10.71% | 10.54% | 7.88% | 3.20% | 2.09% | 6.82% | 1.23% | 2.44% | 7.00% | 6.63% | 4.96% | 3.78% |
Drawdowns
GWOAX vs. CWGIX - Drawdown Comparison
The maximum GWOAX drawdown since its inception was -49.84%, smaller than the maximum CWGIX drawdown of -54.47%. Use the drawdown chart below to compare losses from any high point for GWOAX and CWGIX.
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Drawdown Indicators
| GWOAX | CWGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.84% | -54.47% | +4.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -11.08% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -27.18% | +0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -35.28% | -32.00% | -3.28% |
Current DrawdownCurrent decline from peak | -6.28% | -7.84% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -9.06% | -7.16% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.63% | -0.07% |
Volatility
GWOAX vs. CWGIX - Volatility Comparison
The current volatility for GMO Global Developed Equity Allocation Fund (GWOAX) is 5.89%, while American Funds Capital World Growth and Income Fund Class A (CWGIX) has a volatility of 6.24%. This indicates that GWOAX experiences smaller price fluctuations and is considered to be less risky than CWGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GWOAX | CWGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 6.24% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 10.48% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 16.00% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 15.04% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 15.97% | +0.51% |