PFADX vs. GBMFX

Last updated Jul 14, 2026

PFADX (PFG BNY Mellon Diversifier Strategy Fund) and GBMFX (GMO Benchmark-Free Allocation Fund) are both Global Allocation funds. Over the past 5 years, PFADX returned 1.19%/yr vs 9.06%/yr for GBMFX. A 0.57 correlation means they provide meaningful diversification when combined. PFADX charges 2.05%/yr vs 0.74%/yr for GBMFX.

Performance

PFADX vs. GBMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PFG BNY Mellon Diversifier Strategy Fund (PFADX) and GMO Benchmark-Free Allocation Fund (GBMFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PFADX achieves a 2.46% return, which is significantly lower than GBMFX's 10.30% return.

PFADX

• 1D: 0.10%
• 1M: -0.50%
• 6M: 1.32%
• YTD: 2.46%
• 1Y: 6.95%
• 3Y*: 5.32%
• 5Y*: 1.19%
• 10Y*: —

GBMFX

• 1D: 0.51%
• 1M: -0.73%
• 6M: 8.34%
• YTD: 10.30%
• 1Y: 23.43%
• 3Y*: 15.01%
• 5Y*: 9.06%
• 10Y*: 6.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PFADX vs. GBMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PFADX PFG BNY Mellon Diversifier Strategy Fund	2.46%	7.07%	2.13%	3.69%	-9.50%	3.85%	7.25%	8.16%	-5.20%	0.00%
GBMFX GMO Benchmark-Free Allocation Fund	10.30%	22.89%	4.33%	13.46%	-2.24%	2.97%	-2.50%	11.62%	-5.36%	0.51%

Correlation

The correlation between PFADX and GBMFX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Dec 27, 2017	0.57

Over the past year, PFADX and GBMFX have become more correlated (0.79) than their long-term average of 0.57, meaning their price movements have been converging.

Return for Risk

PFADX vs. GBMFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PFADX

PFADX Risk / Return Rank: 40
PFADX Sharpe Ratio Rank: 44
PFADX Sortino Ratio Rank: 42
PFADX Omega Ratio Rank: 44
PFADX Calmar Ratio Rank: 36
PFADX Martin Ratio Rank: 32

GBMFX

GBMFX Risk / Return Rank: 94
GBMFX Sharpe Ratio Rank: 98
GBMFX Sortino Ratio Rank: 96
GBMFX Omega Ratio Rank: 93
GBMFX Calmar Ratio Rank: 93
GBMFX Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PFADX vs. GBMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PFG BNY Mellon Diversifier Strategy Fund (PFADX) and GMO Benchmark-Free Allocation Fund (GBMFX). 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.

	PFADX	GBMFX	Difference
Sharpe ratio: Return per unit of total volatility	1.47	3.14	-1.67
Sortino ratio: Return per unit of downside risk	2.07	4.55	-2.48
Omega ratio: Gain probability vs. loss probability	1.27	1.61	-0.34
Calmar ratio: Return relative to maximum drawdown	1.80	3.98	-2.18
Martin ratio: Return relative to average drawdown	5.61	14.40	-8.79

PFADX vs. GBMFX - Sharpe Ratio Comparison

The current PFADX Sharpe Ratio is 1.47, which is lower than the GBMFX Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of PFADX and GBMFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PFADX vs. GBMFX - Drawdown Comparison

The maximum PFADX drawdown since its inception was -16.64%, smaller than the maximum GBMFX drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for PFADX and GBMFX.

Drawdown Indicators

	PFADX	GBMFX	Difference
Max Drawdown Largest peak-to-trough decline	-16.64%	-23.40%	+6.76%
Max Drawdown (1Y) Largest decline over 1 year	-3.63%	-5.78%	+2.15%
Max Drawdown (3Y) Largest decline over 3 years	-6.38%	-7.16%	+0.78%
Max Drawdown (5Y) Largest decline over 5 years	-16.64%	-13.20%	-3.44%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.40%	—
Current Drawdown Current decline from peak	-1.87%	-1.49%	-0.38%
Average Drawdown Average peak-to-trough decline	-5.25%	-3.27%	-1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	1.60%	-0.43%

Volatility

PFADX vs. GBMFX - Volatility Comparison

The current volatility for PFG BNY Mellon Diversifier Strategy Fund (PFADX) is 1.33%, while GMO Benchmark-Free Allocation Fund (GBMFX) has a volatility of 2.36%. This indicates that PFADX experiences smaller price fluctuations and is considered to be less risky than GBMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PFADX	GBMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	2.36%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	3.65%	5.96%	-2.31%
Volatility (1Y) Calculated over the trailing 1-year period	4.43%	7.33%	-2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.88%	7.34%	-1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.53%	7.96%	-2.43%

PFADX vs. GBMFX - Expense Ratio Comparison

PFADX has a 2.05% expense ratio, which is higher than GBMFX's 0.74% expense ratio.

Dividends

PFADX vs. GBMFX - Dividend Comparison

PFADX's dividend yield for the trailing twelve months is around 2.40%, less than GBMFX's 3.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GBMFX GMO Benchmark-Free Allocation Fund	3.84%	4.16%	5.14%	5.64%	3.20%	2.46%	3.73%	3.35%	3.67%	2.39%	1.60%	2.10%
PFADX PFG BNY Mellon Diversifier Strategy Fund	2.40%	2.46%	2.89%	1.04%	5.33%	3.46%	0.08%	1.51%	0.91%	0.52%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PFADX and GBMFX in my portfolio?

PFADX and GBMFX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PFADX or GBMFX?

GBMFX has higher volatility (2.36%) compared to PFADX (1.33%). In terms of maximum drawdown, PFADX dropped -16.64% vs GBMFX's -23.40%.

Which has better risk-adjusted returns?

GBMFX currently has the higher Sharpe Ratio (3.14 vs 1.47), 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.