SCGVX vs. GWOAX
SCGVX (Sands Capital Global Growth Fund) and GWOAX (GMO Global Developed Equity Allocation Fund) are both Global Equities funds. Over the past 10 years, SCGVX returned 9.66%/yr vs 12.08%/yr for GWOAX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. SCGVX charges 1.15%/yr vs 0.01%/yr for GWOAX.
Performance
SCGVX vs. GWOAX - Performance Comparison
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Returns By Period
In the year-to-date period, SCGVX achieves a -1.81% return, which is significantly lower than GWOAX's 17.69% return. Over the past 10 years, SCGVX has underperformed GWOAX with an annualized return of 9.66%, while GWOAX has yielded a comparatively higher 12.08% annualized return.
SCGVX
- 1D
- 2.31%
- 1M
- -4.19%
- 6M
- 1.92%
- YTD
- -1.81%
- 1Y
- -1.27%
- 3Y*
- 9.36%
- 5Y*
- -1.87%
- 10Y*
- 9.66%
- ALL TIME*
- 9.38%
GWOAX
- 1D
- 1.65%
- 1M
- 2.23%
- 6M
- 11.87%
- YTD
- 17.69%
- 1Y
- 35.41%
- 3Y*
- 18.71%
- 5Y*
- 11.65%
- 10Y*
- 12.08%
- ALL TIME*
- 8.30%
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 |
SCGVX vs. GWOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCGVX Sands Capital Global Growth Fund | -1.81% | 10.68% | 15.64% | 31.49% | -43.49% | 9.56% | 49.33% | 29.89% | -2.97% | 38.38% |
GWOAX GMO Global Developed Equity Allocation Fund | 17.69% | 28.37% | 6.14% | 22.49% | -14.10% | 18.53% | 10.53% | 26.56% | -12.95% | 25.63% |
Correlation
The correlation between SCGVX and GWOAX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.77 |
The correlation between SCGVX and GWOAX has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
SCGVX vs. GWOAX — Risk / Return Rank
SCGVX
GWOAX
SCGVX vs. GWOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sands Capital Global Growth Fund (SCGVX) 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.
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.
| SCGVX | GWOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.47 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 3.86 | -4.04 |
| Martin ratioReturn relative to average drawdown | -0.50 | 15.33 | -15.83 |
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Drawdowns
SCGVX vs. GWOAX - Drawdown Comparison
The maximum SCGVX drawdown since its inception was -53.96%, which is greater than GWOAX's maximum drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for SCGVX and GWOAX.
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Drawdown Indicators
| SCGVX | GWOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.96% | -49.84% | -4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -21.39% | -8.78% | -12.61% |
Max Drawdown (3Y)Largest decline over 3 years | -23.07% | -16.11% | -6.96% |
Max Drawdown (5Y)Largest decline over 5 years | -53.96% | -26.21% | -27.75% |
Max Drawdown (10Y)Largest decline over 10 years | -53.96% | -35.28% | -18.68% |
Current DrawdownCurrent decline from peak | -17.06% | 0.00% | -17.06% |
Average DrawdownAverage peak-to-trough decline | -12.12% | -8.93% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.42% | 2.21% | +5.21% |
Volatility
SCGVX vs. GWOAX - Volatility Comparison
Sands Capital Global Growth Fund (SCGVX) has a higher volatility of 5.84% compared to GMO Global Developed Equity Allocation Fund (GWOAX) at 3.27%. This indicates that SCGVX's price experiences larger fluctuations and is considered to be riskier than GWOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCGVX | GWOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.84% | 3.27% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 17.10% | 10.21% | +6.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.11% | 12.89% | +7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.90% | 15.23% | +10.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.10% | 16.39% | +6.71% |
SCGVX vs. GWOAX - Expense Ratio Comparison
SCGVX has a 1.15% expense ratio, which is higher than GWOAX's 0.01% expense ratio.
Dividends
SCGVX vs. GWOAX - Dividend Comparison
SCGVX's dividend yield for the trailing twelve months is around 47.43%, more than GWOAX's 5.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWOAX GMO Global Developed Equity Allocation Fund | 5.37% | 4.46% | 0.60% | 6.10% | 7.27% | 12.75% | 3.85% | 4.33% | 3.02% | 3.05% | 6.43% | 12.47% |
SCGVX Sands Capital Global Growth Fund | 47.43% | 46.57% | 9.14% | 0.00% | 0.00% | 13.05% | 3.34% | 5.97% | 9.05% | 0.23% | 0.00% | 0.00% |
Frequently Asked Questions
SCGVX and GWOAX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCGVX has higher volatility (5.84%) compared to GWOAX (3.27%). In terms of maximum drawdown, SCGVX dropped -53.96% vs GWOAX's -49.84%.
GWOAX currently has the higher Sharpe Ratio (2.63 vs -0.19), 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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