GWOAX vs. VICEX
GWOAX (GMO Global Developed Equity Allocation Fund) and VICEX (USA Mutuals Vice Fund) are both Global Equities funds. Over the past 10 years, GWOAX returned 12.15%/yr vs 5.37%/yr for VICEX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. GWOAX charges 0.01%/yr vs 1.59%/yr for VICEX.
Performance
GWOAX vs. VICEX - Performance Comparison
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Returns By Period
In the year-to-date period, GWOAX achieves a 17.69% return, which is significantly higher than VICEX's 8.84% return. Over the past 10 years, GWOAX has outperformed VICEX with an annualized return of 12.15%, while VICEX has yielded a comparatively lower 5.37% annualized return.
GWOAX
- 1D
- 0.00%
- 1M
- 2.23%
- 6M
- 11.02%
- YTD
- 17.69%
- 1Y
- 35.41%
- 3Y*
- 18.96%
- 5Y*
- 11.65%
- 10Y*
- 12.15%
- ALL TIME*
- 8.29%
VICEX
- 1D
- 0.04%
- 1M
- 2.17%
- 6M
- 2.80%
- YTD
- 8.84%
- 1Y
- 13.13%
- 3Y*
- 8.96%
- 5Y*
- 5.04%
- 10Y*
- 5.37%
- ALL TIME*
- 8.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GWOAX vs. VICEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GWOAX GMO Global Developed Equity Allocation Fund | 17.69% | 28.37% | 6.14% | 22.49% | -14.10% | 18.53% | 10.53% | 26.56% | -12.95% | 25.63% |
VICEX USA Mutuals Vice Fund | 8.84% | 20.25% | 4.40% | -2.18% | 3.41% | -1.36% | -0.89% | 26.26% | -21.27% | 25.71% |
Correlation
The correlation between GWOAX and VICEX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.77 |
The correlation between GWOAX and VICEX shifts across timeframes, from 0.58 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GWOAX vs. VICEX — Risk / Return Rank
GWOAX
VICEX
GWOAX vs. VICEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Global Developed Equity Allocation Fund (GWOAX) and USA Mutuals Vice Fund (VICEX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GWOAX | VICEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.18 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 1.20 | +2.76 |
| Martin ratioReturn relative to average drawdown | 15.74 | 3.07 | +12.67 |
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Drawdowns
GWOAX vs. VICEX - Drawdown Comparison
The maximum GWOAX drawdown since its inception was -49.84%, smaller than the maximum VICEX drawdown of -54.58%. Use the drawdown chart below to compare losses from any high point for GWOAX and VICEX.
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Drawdown Indicators
| GWOAX | VICEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.84% | -54.58% | +4.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -10.79% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.11% | -12.35% | -3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -19.69% | -6.52% |
Max Drawdown (10Y)Largest decline over 10 years | -35.28% | -40.91% | +5.63% |
Current DrawdownCurrent decline from peak | 0.00% | -1.67% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -10.41% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 4.21% | -2.00% |
Volatility
GWOAX vs. VICEX - Volatility Comparison
GMO Global Developed Equity Allocation Fund (GWOAX) and USA Mutuals Vice Fund (VICEX) have volatilities of 3.20% and 3.21%, 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 | VICEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 3.21% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 9.94% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 12.84% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 13.33% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.39% | 15.55% | +0.84% |
GWOAX vs. VICEX - Expense Ratio Comparison
GWOAX has a 0.01% expense ratio, which is lower than VICEX's 1.59% expense ratio.
Dividends
GWOAX vs. VICEX - Dividend Comparison
GWOAX's dividend yield for the trailing twelve months is around 5.37%, less than VICEX's 12.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWOAX GMO Global Developed Equity Allocation Fund | 5.37% | 4.46% | 0.60% | 6.10% | 7.27% | 12.75% | 3.85% | 4.33% | 3.02% | 3.05% | 6.43% | 12.47% |
VICEX USA Mutuals Vice Fund | 12.22% | 13.30% | 5.70% | 10.54% | 8.24% | 16.06% | 3.99% | 4.76% | 1.02% | 3.15% | 20.81% | 1.21% |
Frequently Asked Questions
GWOAX and VICEX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VICEX has higher volatility (3.21%) compared to GWOAX (3.20%). In terms of maximum drawdown, GWOAX dropped -49.84% vs VICEX's -54.58%.
GWOAX currently has the higher Sharpe Ratio (2.71 vs 1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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