GWOAX vs. GOFIX
Compare and contrast key facts about GMO Global Developed Equity Allocation Fund (GWOAX) and GMO Resources Fund (GOFIX).
GWOAX is managed by GMO. It was launched on Jun 15, 2005. GOFIX is managed by GMO. It was launched on Dec 27, 2011.
Performance
GWOAX vs. GOFIX - Performance Comparison
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GWOAX vs. GOFIX - 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% |
GOFIX GMO Resources Fund | 30.03% | 23.10% | -17.91% | -1.38% | -0.80% | 32.01% | 22.47% | 20.10% | -6.73% | 28.42% |
Returns By Period
In the year-to-date period, GWOAX achieves a 3.10% return, which is significantly lower than GOFIX's 30.03% return. Over the past 10 years, GWOAX has underperformed GOFIX with an annualized return of 11.04%, while GOFIX has yielded a comparatively higher 14.57% 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%
GOFIX
- 1D
- 1.85%
- 1M
- 5.29%
- YTD
- 30.03%
- 6M
- 39.95%
- 1Y
- 68.15%
- 3Y*
- 9.73%
- 5Y*
- 8.52%
- 10Y*
- 14.57%
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GWOAX vs. GOFIX - Expense Ratio Comparison
GWOAX has a 0.01% expense ratio, which is lower than GOFIX's 0.72% expense ratio.
Return for Risk
GWOAX vs. GOFIX — Risk / Return Rank
GWOAX
GOFIX
GWOAX vs. GOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Global Developed Equity Allocation Fund (GWOAX) and GMO Resources Fund (GOFIX). 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 | GOFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 2.61 | -0.79 |
Sortino ratioReturn per unit of downside risk | 2.51 | 3.14 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.45 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.52 | 3.48 | -0.97 |
Martin ratioReturn relative to average drawdown | 11.23 | 16.25 | -5.02 |
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 | GOFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.61 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.34 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.57 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.34 | +0.10 |
Correlation
The correlation between GWOAX and GOFIX is 0.78, 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. GOFIX - Dividend Comparison
GWOAX's dividend yield for the trailing twelve months is around 4.33%, more than GOFIX's 3.37% 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% |
GOFIX GMO Resources Fund | 3.37% | 4.38% | 3.01% | 5.90% | 10.25% | 17.81% | 3.66% | 2.99% | 4.06% | 3.86% | 2.89% | 3.30% |
Drawdowns
GWOAX vs. GOFIX - Drawdown Comparison
The maximum GWOAX drawdown since its inception was -49.84%, roughly equal to the maximum GOFIX drawdown of -51.77%. Use the drawdown chart below to compare losses from any high point for GWOAX and GOFIX.
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Drawdown Indicators
| GWOAX | GOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.84% | -51.77% | +1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -19.68% | +8.25% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -45.10% | +18.89% |
Max Drawdown (10Y)Largest decline over 10 years | -35.28% | -45.98% | +10.70% |
Current DrawdownCurrent decline from peak | -6.28% | 0.00% | -6.28% |
Average DrawdownAverage peak-to-trough decline | -9.06% | -13.74% | +4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 4.22% | -1.66% |
Volatility
GWOAX vs. GOFIX - Volatility Comparison
GMO Global Developed Equity Allocation Fund (GWOAX) and GMO Resources Fund (GOFIX) have volatilities of 5.89% and 5.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GWOAX | GOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 5.78% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 15.52% | -5.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 26.98% | -11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 25.31% | -10.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 25.57% | -9.09% |