GWOAX vs. SCHG
Compare and contrast key facts about GMO Global Developed Equity Allocation Fund (GWOAX) and Schwab U.S. Large-Cap Growth ETF (SCHG).
GWOAX is managed by GMO. It was launched on Jun 15, 2005. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GWOAX or SCHG.
Correlation
The correlation between GWOAX and SCHG is 0.81, 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.
Performance
GWOAX vs. SCHG - Performance Comparison
Key characteristics
GWOAX:
1.32
SCHG:
1.64
GWOAX:
1.80
SCHG:
2.19
GWOAX:
1.24
SCHG:
1.30
GWOAX:
1.95
SCHG:
2.37
GWOAX:
6.76
SCHG:
8.98
GWOAX:
2.27%
SCHG:
3.27%
GWOAX:
11.63%
SCHG:
17.91%
GWOAX:
-53.86%
SCHG:
-34.59%
GWOAX:
-0.26%
SCHG:
-1.27%
Returns By Period
In the year-to-date period, GWOAX achieves a 5.80% return, which is significantly higher than SCHG's 3.09% return. Over the past 10 years, GWOAX has underperformed SCHG with an annualized return of 5.81%, while SCHG has yielded a comparatively higher 16.44% annualized return.
GWOAX
5.80%
2.66%
5.65%
15.04%
8.32%
5.81%
SCHG
3.09%
0.91%
13.95%
31.06%
18.74%
16.44%
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GWOAX vs. SCHG - Expense Ratio Comparison
GWOAX has a 0.01% expense ratio, which is lower than SCHG's 0.04% 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%.
Risk-Adjusted Performance
GWOAX vs. SCHG — Risk-Adjusted Performance Rank
GWOAX
SCHG
GWOAX vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Global Developed Equity Allocation Fund (GWOAX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.
Dividends
GWOAX vs. SCHG - Dividend Comparison
GWOAX's dividend yield for the trailing twelve months is around 4.91%, more than SCHG's 0.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWOAX GMO Global Developed Equity Allocation Fund | 4.91% | 5.19% | 6.10% | 3.21% | 8.03% | 3.85% | 3.19% | 3.03% | 3.05% | 2.98% | 2.80% | 3.79% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.38% | 0.40% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% |
Drawdowns
GWOAX vs. SCHG - Drawdown Comparison
The maximum GWOAX drawdown since its inception was -53.86%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for GWOAX and SCHG. For additional features, visit the drawdowns tool.
Volatility
GWOAX vs. SCHG - Volatility Comparison
The current volatility for GMO Global Developed Equity Allocation Fund (GWOAX) is 2.45%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 5.01%. This indicates that GWOAX experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.