LPEFX vs. GMGEX
Compare and contrast key facts about ALPS/Red Rocks Global Opportunity Fund (LPEFX) and GMO Global Equity Allocation Fund (GMGEX).
LPEFX is managed by ALPS. It was launched on Dec 30, 2007. GMGEX is managed by GMO. It was launched on Nov 25, 1996.
Performance
LPEFX vs. GMGEX - Performance Comparison
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LPEFX vs. GMGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LPEFX ALPS/Red Rocks Global Opportunity Fund | -15.29% | 1.25% | 17.78% | 28.31% | -28.82% | 23.70% | 9.35% | 49.57% | -12.60% | 27.02% |
GMGEX GMO Global Equity Allocation Fund | 3.72% | 29.14% | 4.12% | 22.27% | -17.07% | 14.99% | 9.55% | 25.45% | -13.04% | 26.39% |
Returns By Period
In the year-to-date period, LPEFX achieves a -15.29% return, which is significantly lower than GMGEX's 3.72% return. Over the past 10 years, LPEFX has underperformed GMGEX with an annualized return of 8.44%, while GMGEX has yielded a comparatively higher 9.93% annualized return.
LPEFX
- 1D
- 2.77%
- 1M
- -5.49%
- YTD
- -15.29%
- 6M
- -15.53%
- 1Y
- -11.51%
- 3Y*
- 7.55%
- 5Y*
- 1.66%
- 10Y*
- 8.44%
GMGEX
- 1D
- 2.68%
- 1M
- -5.76%
- YTD
- 3.72%
- 6M
- 10.13%
- 1Y
- 30.15%
- 3Y*
- 16.98%
- 5Y*
- 8.06%
- 10Y*
- 9.93%
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LPEFX vs. GMGEX - Expense Ratio Comparison
LPEFX has a 1.46% expense ratio, which is higher than GMGEX's 0.01% expense ratio.
Return for Risk
LPEFX vs. GMGEX — Risk / Return Rank
LPEFX
GMGEX
LPEFX vs. GMGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Red Rocks Global Opportunity Fund (LPEFX) and GMO Global Equity Allocation Fund (GMGEX). 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.
| LPEFX | GMGEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.52 | 1.94 | -2.46 |
Sortino ratioReturn per unit of downside risk | -0.60 | 2.63 | -3.22 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.39 | -0.47 |
Calmar ratioReturn relative to maximum drawdown | -0.51 | 2.59 | -3.10 |
Martin ratioReturn relative to average drawdown | -1.50 | 11.30 | -12.80 |
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
| LPEFX | GMGEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.52 | 1.94 | -2.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.55 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.62 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.22 | -0.05 |
Correlation
The correlation between LPEFX and GMGEX 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
LPEFX vs. GMGEX - Dividend Comparison
LPEFX's dividend yield for the trailing twelve months is around 18.15%, more than GMGEX's 4.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LPEFX ALPS/Red Rocks Global Opportunity Fund | 18.15% | 15.38% | 15.95% | 5.56% | 0.00% | 26.79% | 3.96% | 21.96% | 4.58% | 13.29% | 1.55% | 8.21% |
GMGEX GMO Global Equity Allocation Fund | 4.52% | 4.69% | 0.29% | 5.62% | 7.81% | 7.76% | 3.83% | 3.14% | 3.14% | 2.90% | 3.71% | 4.20% |
Drawdowns
LPEFX vs. GMGEX - Drawdown Comparison
The maximum LPEFX drawdown since its inception was -77.00%, which is greater than GMGEX's maximum drawdown of -58.47%. Use the drawdown chart below to compare losses from any high point for LPEFX and GMGEX.
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Drawdown Indicators
| LPEFX | GMGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.00% | -58.47% | -18.53% |
Max Drawdown (1Y)Largest decline over 1 year | -22.00% | -11.62% | -10.38% |
Max Drawdown (5Y)Largest decline over 5 years | -49.19% | -28.58% | -20.61% |
Max Drawdown (10Y)Largest decline over 10 years | -49.19% | -34.98% | -14.21% |
Current DrawdownCurrent decline from peak | -25.97% | -6.81% | -19.16% |
Average DrawdownAverage peak-to-trough decline | -22.78% | -16.84% | -5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.48% | 2.66% | +4.82% |
Volatility
LPEFX vs. GMGEX - Volatility Comparison
ALPS/Red Rocks Global Opportunity Fund (LPEFX) has a higher volatility of 6.81% compared to GMO Global Equity Allocation Fund (GMGEX) at 6.09%. This indicates that LPEFX's price experiences larger fluctuations and is considered to be riskier than GMGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPEFX | GMGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.81% | 6.09% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 13.77% | 9.78% | +3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.81% | 15.72% | +5.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.40% | 14.74% | +9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.78% | 16.02% | +6.76% |