GWOAX vs. MEGI
Compare and contrast key facts about GMO Global Developed Equity Allocation Fund (GWOAX) and NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI).
GWOAX is managed by GMO. It was launched on Jun 15, 2005. MEGI is managed by CBRE. It was launched on Jan 1, 2021.
Performance
GWOAX vs. MEGI - Performance Comparison
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GWOAX vs. MEGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GWOAX GMO Global Developed Equity Allocation Fund | 4.20% | 28.37% | 6.14% | 22.49% | -14.10% | 2.39% |
MEGI NYLI CBRE Global Infrastructure Megatrends Term Fund | 9.77% | 26.19% | 5.19% | 5.52% | -23.32% | -3.50% |
Returns By Period
In the year-to-date period, GWOAX achieves a 4.20% return, which is significantly lower than MEGI's 9.77% return.
GWOAX
- 1D
- 1.07%
- 1M
- -2.09%
- YTD
- 4.20%
- 6M
- 10.81%
- 1Y
- 29.64%
- 3Y*
- 17.61%
- 5Y*
- 9.73%
- 10Y*
- 11.16%
MEGI
- 1D
- 0.48%
- 1M
- -4.33%
- YTD
- 9.77%
- 6M
- 4.76%
- 1Y
- 21.00%
- 3Y*
- 12.74%
- 5Y*
- —
- 10Y*
- —
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GWOAX vs. MEGI - Expense Ratio Comparison
GWOAX has a 0.01% expense ratio, which is lower than MEGI's 0.02% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
GWOAX vs. MEGI — Risk / Return Rank
GWOAX
MEGI
GWOAX vs. MEGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Global Developed Equity Allocation Fund (GWOAX) and NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI). 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 | MEGI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.91 | 1.20 | +0.71 |
Sortino ratioReturn per unit of downside risk | 2.61 | 1.65 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.23 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.65 | 1.63 | +1.03 |
Martin ratioReturn relative to average drawdown | 11.75 | 5.49 | +6.26 |
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 | MEGI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 1.20 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.15 | +0.30 |
Correlation
The correlation between GWOAX and MEGI is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GWOAX vs. MEGI - Dividend Comparison
GWOAX's dividend yield for the trailing twelve months is around 4.28%, less than MEGI's 10.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWOAX GMO Global Developed Equity Allocation Fund | 4.28% | 4.46% | 0.60% | 6.10% | 7.27% | 12.75% | 3.85% | 4.33% | 3.02% | 3.05% | 6.43% | 12.47% |
MEGI NYLI CBRE Global Infrastructure Megatrends Term Fund | 10.19% | 10.90% | 12.33% | 10.66% | 9.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GWOAX vs. MEGI - Drawdown Comparison
The maximum GWOAX drawdown since its inception was -49.84%, which is greater than MEGI's maximum drawdown of -39.48%. Use the drawdown chart below to compare losses from any high point for GWOAX and MEGI.
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Drawdown Indicators
| GWOAX | MEGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.84% | -39.48% | -10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -12.62% | +3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.28% | — | — |
Current DrawdownCurrent decline from peak | -5.29% | -6.21% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -9.06% | -15.11% | +6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 4.00% | -1.42% |
Volatility
GWOAX vs. MEGI - Volatility Comparison
GMO Global Developed Equity Allocation Fund (GWOAX) and NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) have volatilities of 5.64% and 5.51%, 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 | MEGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 5.51% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 10.76% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.95% | 17.66% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 20.07% | -4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 20.07% | -3.59% |