IVGTX vs. GWOAX
Compare and contrast key facts about VY Morgan Stanley Global Franchise Portfolio (IVGTX) and GMO Global Developed Equity Allocation Fund (GWOAX).
IVGTX is managed by Voya. It was launched on Apr 30, 2002. GWOAX is managed by GMO. It was launched on Jun 15, 2005.
Performance
IVGTX vs. GWOAX - Performance Comparison
Loading graphics...
IVGTX vs. GWOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVGTX VY Morgan Stanley Global Franchise Portfolio | -11.98% | 0.16% | 8.63% | 16.01% | -17.63% | 21.67% | 13.17% | 29.34% | -2.81% | 25.90% |
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% |
Returns By Period
In the year-to-date period, IVGTX achieves a -11.98% return, which is significantly lower than GWOAX's 3.10% return. Over the past 10 years, IVGTX has underperformed GWOAX with an annualized return of 7.31%, while GWOAX has yielded a comparatively higher 11.04% annualized return.
IVGTX
- 1D
- 1.77%
- 1M
- -6.95%
- YTD
- -11.98%
- 6M
- -14.97%
- 1Y
- -14.69%
- 3Y*
- 1.52%
- 5Y*
- 1.78%
- 10Y*
- 7.31%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IVGTX vs. GWOAX - Expense Ratio Comparison
IVGTX has a 1.20% expense ratio, which is higher than GWOAX's 0.01% expense ratio.
Return for Risk
IVGTX vs. GWOAX — Risk / Return Rank
IVGTX
GWOAX
IVGTX vs. GWOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VY Morgan Stanley Global Franchise Portfolio (IVGTX) and GMO Global Developed Equity Allocation Fund (GWOAX). 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.
| IVGTX | GWOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.01 | 1.83 | -2.84 |
Sortino ratioReturn per unit of downside risk | -1.47 | 2.51 | -3.98 |
Omega ratioGain probability vs. loss probability | 0.83 | 1.37 | -0.55 |
Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.52 | -3.32 |
Martin ratioReturn relative to average drawdown | -2.19 | 11.23 | -13.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IVGTX | GWOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | 1.83 | -2.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.63 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.67 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.44 | +0.09 |
Correlation
The correlation between IVGTX and GWOAX 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.
Dividends
IVGTX vs. GWOAX - Dividend Comparison
IVGTX's dividend yield for the trailing twelve months is around 48.62%, more than GWOAX's 4.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVGTX VY Morgan Stanley Global Franchise Portfolio | 48.62% | 42.80% | 10.28% | 8.24% | 10.69% | 8.69% | 8.32% | 11.20% | 17.80% | 7.06% | 10.12% | 14.63% |
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% |
Drawdowns
IVGTX vs. GWOAX - Drawdown Comparison
The maximum IVGTX drawdown since its inception was -44.75%, smaller than the maximum GWOAX drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for IVGTX and GWOAX.
Loading graphics...
Drawdown Indicators
| IVGTX | GWOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.75% | -49.84% | +5.09% |
Max Drawdown (1Y)Largest decline over 1 year | -20.45% | -11.43% | -9.02% |
Max Drawdown (5Y)Largest decline over 5 years | -26.27% | -26.21% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -30.16% | -35.28% | +5.12% |
Current DrawdownCurrent decline from peak | -18.19% | -6.28% | -11.91% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -9.06% | +3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 2.56% | +4.93% |
Volatility
IVGTX vs. GWOAX - Volatility Comparison
The current volatility for VY Morgan Stanley Global Franchise Portfolio (IVGTX) is 4.60%, while GMO Global Developed Equity Allocation Fund (GWOAX) has a volatility of 5.89%. This indicates that IVGTX experiences smaller price fluctuations and is considered to be less risky than GWOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| IVGTX | GWOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 5.89% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 9.70% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 15.92% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.08% | 15.21% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.46% | 16.48% | -0.02% |