RBESX vs. GMCDX
Compare and contrast key facts about RBC BlueBay Emerging Market Debt Fund (RBESX) and GMO Emerging Country Debt Fund (GMCDX).
RBESX is managed by RBC Global Asset Management.. It was launched on Nov 29, 2011. GMCDX is managed by GMO. It was launched on Apr 18, 1994.
Performance
RBESX vs. GMCDX - Performance Comparison
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RBESX vs. GMCDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RBESX RBC BlueBay Emerging Market Debt Fund | -0.96% | 14.64% | 6.90% | 15.63% | -14.57% | -3.45% | 7.02% | 15.39% | -5.05% | 12.78% |
GMCDX GMO Emerging Country Debt Fund | 2.31% | 22.34% | 13.39% | 17.63% | -16.30% | 6.56% | 7.25% | 14.28% | -5.89% | 12.49% |
Returns By Period
In the year-to-date period, RBESX achieves a -0.96% return, which is significantly lower than GMCDX's 2.31% return. Over the past 10 years, RBESX has underperformed GMCDX with an annualized return of 4.54%, while GMCDX has yielded a comparatively higher 7.62% annualized return.
RBESX
- 1D
- 0.23%
- 1M
- -3.07%
- YTD
- -0.96%
- 6M
- 2.66%
- 1Y
- 11.00%
- 3Y*
- 11.06%
- 5Y*
- 4.14%
- 10Y*
- 4.54%
GMCDX
- 1D
- 0.30%
- 1M
- -2.54%
- YTD
- 2.31%
- 6M
- 8.44%
- 1Y
- 20.37%
- 3Y*
- 17.91%
- 5Y*
- 9.25%
- 10Y*
- 7.62%
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RBESX vs. GMCDX - Expense Ratio Comparison
RBESX has a 0.79% expense ratio, which is higher than GMCDX's 0.53% expense ratio.
Return for Risk
RBESX vs. GMCDX — Risk / Return Rank
RBESX
GMCDX
RBESX vs. GMCDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC BlueBay Emerging Market Debt Fund (RBESX) and GMO Emerging Country Debt Fund (GMCDX). 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.
| RBESX | GMCDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.40 | 3.12 | -0.72 |
Sortino ratioReturn per unit of downside risk | 3.43 | 4.54 | -1.11 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.76 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 3.55 | -0.86 |
Martin ratioReturn relative to average drawdown | 11.14 | 17.85 | -6.71 |
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
| RBESX | GMCDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 3.12 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.83 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.82 | -0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.30 | -0.20 |
Correlation
The correlation between RBESX and GMCDX 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
RBESX vs. GMCDX - Dividend Comparison
RBESX's dividend yield for the trailing twelve months is around 4.80%, less than GMCDX's 6.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RBESX RBC BlueBay Emerging Market Debt Fund | 4.80% | 5.58% | 6.59% | 6.60% | 7.85% | 3.37% | 3.58% | 5.94% | 3.78% | 3.67% | 0.00% | 0.00% |
GMCDX GMO Emerging Country Debt Fund | 6.13% | 6.27% | 6.88% | 10.26% | 13.73% | 17.75% | 9.66% | 6.60% | 7.76% | 7.06% | 6.00% | 2.50% |
Drawdowns
RBESX vs. GMCDX - Drawdown Comparison
The maximum RBESX drawdown since its inception was -51.19%, smaller than the maximum GMCDX drawdown of -68.24%. Use the drawdown chart below to compare losses from any high point for RBESX and GMCDX.
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Drawdown Indicators
| RBESX | GMCDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.19% | -68.24% | +17.05% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -5.69% | +1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -26.82% | -26.02% | -0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -51.19% | -26.02% | -25.17% |
Current DrawdownCurrent decline from peak | -21.51% | -3.56% | -17.95% |
Average DrawdownAverage peak-to-trough decline | -25.50% | -17.75% | -7.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.14% | -0.13% |
Volatility
RBESX vs. GMCDX - Volatility Comparison
The current volatility for RBC BlueBay Emerging Market Debt Fund (RBESX) is 1.72%, while GMO Emerging Country Debt Fund (GMCDX) has a volatility of 2.27%. This indicates that RBESX experiences smaller price fluctuations and is considered to be less risky than GMCDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RBESX | GMCDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 2.27% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 3.92% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.79% | 6.72% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.91% | 11.16% | -4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.88% | 9.31% | +27.57% |