NTIIX vs. GMODX
NTIIX (Navigator Tactical Investment Grade Bond Fund) and GMODX (GMO Opportunistic Income Fund) are both Nontraditional Bonds funds. Over the past 3 years, NTIIX returned 3.43%/yr vs 5.78%/yr for GMODX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. NTIIX charges 1.01%/yr vs 0.47%/yr for GMODX.
Performance
NTIIX vs. GMODX - Performance Comparison
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Returns By Period
In the year-to-date period, NTIIX achieves a -0.55% return, which is significantly lower than GMODX's 1.42% return.
NTIIX
- 1D
- 0.00%
- 1M
- 0.23%
- 6M
- -0.67%
- YTD
- -0.55%
- 1Y
- 1.73%
- 3Y*
- 3.43%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.21%
GMODX
- 1D
- -0.04%
- 1M
- 0.08%
- 6M
- 1.16%
- YTD
- 1.42%
- 1Y
- 3.67%
- 3Y*
- 5.78%
- 5Y*
- 3.81%
- 10Y*
- 4.17%
- ALL TIME*
- 3.98%
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 |
NTIIX vs. GMODX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NTIIX Navigator Tactical Investment Grade Bond Fund | -0.55% | 2.16% | -0.85% | 9.79% | -6.51% | -2.29% |
GMODX GMO Opportunistic Income Fund | 1.42% | 6.47% | 6.11% | 7.07% | -2.09% | 0.23% |
Correlation
The correlation between NTIIX and GMODX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2021 | 0.52 |
The correlation between NTIIX and GMODX has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.
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Return for Risk
NTIIX vs. GMODX — Risk / Return Rank
NTIIX
GMODX
NTIIX vs. GMODX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Navigator Tactical Investment Grade Bond Fund (NTIIX) and GMO Opportunistic Income Fund (GMODX). 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.
| NTIIX | GMODX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -4.53 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.68 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 6.43 | -5.67 |
| Martin ratioReturn relative to average drawdown | 1.61 | 26.64 | -25.03 |
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Drawdowns
NTIIX vs. GMODX - Drawdown Comparison
The maximum NTIIX drawdown since its inception was -12.35%, which is greater than GMODX's maximum drawdown of -8.79%. Use the drawdown chart below to compare losses from any high point for NTIIX and GMODX.
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Drawdown Indicators
| NTIIX | GMODX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.35% | -8.79% | -3.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -0.65% | -2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -8.52% | -4.97% | -3.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.79% | — |
Current DrawdownCurrent decline from peak | -3.16% | -0.04% | -3.12% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -0.69% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 0.16% | +1.42% |
Volatility
NTIIX vs. GMODX - Volatility Comparison
The current volatility for Navigator Tactical Investment Grade Bond Fund (NTIIX) is 0.16%, while GMO Opportunistic Income Fund (GMODX) has a volatility of 0.33%. This indicates that NTIIX experiences smaller price fluctuations and is considered to be less risky than GMODX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NTIIX | GMODX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 0.33% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.21% | 0.99% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 1.32% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.91% | 3.83% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 3.04% | +1.87% |
NTIIX vs. GMODX - Expense Ratio Comparison
NTIIX has a 1.01% expense ratio, which is higher than GMODX's 0.47% expense ratio.
Dividends
NTIIX vs. GMODX - Dividend Comparison
NTIIX's dividend yield for the trailing twelve months is around 3.83%, less than GMODX's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMODX GMO Opportunistic Income Fund | 4.56% | 4.99% | 5.28% | 6.17% | 5.44% | 2.10% | 4.15% | 5.69% | 4.35% | 2.66% | 2.55% | 1.71% |
NTIIX Navigator Tactical Investment Grade Bond Fund | 3.83% | 4.07% | 4.24% | 3.85% | 1.63% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NTIIX and GMODX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMODX has higher volatility (0.33%) compared to NTIIX (0.16%). In terms of maximum drawdown, NTIIX dropped -12.35% vs GMODX's -8.79%.
GMODX currently has the higher Sharpe Ratio (3.19 vs 0.73), 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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