SEDAX vs. GMOQX

Last updated Jun 23, 2026

SEDAX (SEI Institutional Investments Trust Emerging Markets Debt Fund) and GMOQX (GMO Emerging Country Debt Fund Class VI) are both Emerging Markets Bonds funds. Over the past 3 years, SEDAX returned 11.04%/yr vs 19.53%/yr for GMOQX. Their correlation of 0.80 suggests significant overlap in exposure. SEDAX charges 0.41%/yr vs 0.51%/yr for GMOQX.

Performance

SEDAX vs. GMOQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Investments Trust Emerging Markets Debt Fund (SEDAX) and GMO Emerging Country Debt Fund Class VI (GMOQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEDAX achieves a 4.48% return, which is significantly lower than GMOQX's 9.53% return.

SEDAX

• 1D: -0.42%
• 1M: 2.04%
• YTD: 4.48%
• 6M: 5.09%
• 1Y: 16.50%
• 3Y*: 11.04%
• 5Y*: 3.85%
• 10Y*: 4.31%

GMOQX

• 1D: 0.08%
• 1M: 2.33%
• YTD: 9.53%
• 6M: 9.72%
• 1Y: 26.55%
• 3Y*: 19.53%
• 5Y*: —
• 10Y*: —

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

SEDAX vs. GMOQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SEDAX SEI Institutional Investments Trust Emerging Markets Debt Fund	4.48%	20.33%	3.13%	12.86%	-14.53%	-3.09%
GMOQX GMO Emerging Country Debt Fund Class VI	9.53%	22.45%	12.60%	17.76%	-16.26%	-2.20%

Correlation

The correlation between SEDAX and GMOQX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Aug 16, 2021	0.80

The correlation between SEDAX and GMOQX has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

Return for Risk

SEDAX vs. GMOQX — Risk / Return Rank

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

SEDAX

SEDAX Risk / Return Rank: 81
SEDAX Sharpe Ratio Rank: 91
SEDAX Sortino Ratio Rank: 94
SEDAX Omega Ratio Rank: 90
SEDAX Calmar Ratio Rank: 67
SEDAX Martin Ratio Rank: 65

GMOQX

GMOQX Risk / Return Rank: 98
GMOQX Sharpe Ratio Rank: 99
GMOQX Sortino Ratio Rank: 99
GMOQX Omega Ratio Rank: 98
GMOQX Calmar Ratio Rank: 98
GMOQX Martin Ratio Rank: 98

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.

SEDAX vs. GMOQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Emerging Markets Debt Fund (SEDAX) and GMO Emerging Country Debt Fund Class VI (GMOQX). 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.

	SEDAX	GMOQX	Difference
Sharpe ratio: Return per unit of total volatility	2.82	4.96	-2.14
Sortino ratio: Return per unit of downside risk	4.47	8.85	-4.38
Omega ratio: Gain probability vs. loss probability	1.60	2.21	-0.61
Calmar ratio: Return relative to maximum drawdown	2.99	6.93	-3.94
Martin ratio: Return relative to average drawdown	11.98	30.08	-18.10

SEDAX vs. GMOQX - Sharpe Ratio Comparison

The current SEDAX Sharpe Ratio is 2.82, which is lower than the GMOQX Sharpe Ratio of 4.96. The chart below compares the historical Sharpe Ratios of SEDAX and GMOQX, 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

SEDAX vs. GMOQX - Drawdown Comparison

The maximum SEDAX drawdown since its inception was -37.03%, which is greater than GMOQX's maximum drawdown of -31.41%. Use the drawdown chart below to compare losses from any high point for SEDAX and GMOQX.

Drawdown Indicators

	SEDAX	GMOQX	Difference
Max Drawdown Largest peak-to-trough decline	-37.03%	-31.41%	-5.62%
Max Drawdown (1Y) Largest decline over 1 year	-5.49%	-3.82%	-1.67%
Max Drawdown (3Y) Largest decline over 3 years	-9.44%	-9.02%	-0.42%
Max Drawdown (5Y) Largest decline over 5 years	-26.86%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.25%	—	—
Current Drawdown Current decline from peak	-0.52%	-0.20%	-0.32%
Average Drawdown Average peak-to-trough decline	-6.77%	-9.61%	+2.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	0.88%	+0.49%

Volatility

SEDAX vs. GMOQX - Volatility Comparison

SEI Institutional Investments Trust Emerging Markets Debt Fund (SEDAX) has a higher volatility of 1.75% compared to GMO Emerging Country Debt Fund Class VI (GMOQX) at 1.17%. This indicates that SEDAX's price experiences larger fluctuations and is considered to be riskier than GMOQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEDAX	GMOQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.75%	1.17%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	5.13%	4.41%	+0.72%
Volatility (1Y) Calculated over the trailing 1-year period	5.82%	5.34%	+0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.04%	10.83%	-3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.42%	10.83%	-2.41%

SEDAX vs. GMOQX - Expense Ratio Comparison

SEDAX has a 0.41% expense ratio, which is lower than GMOQX's 0.51% expense ratio.

Dividends

SEDAX vs. GMOQX - Dividend Comparison

SEDAX's dividend yield for the trailing twelve months is around 8.63%, more than GMOQX's 5.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMOQX GMO Emerging Country Debt Fund Class VI	5.82%	6.37%	6.23%	10.36%	13.87%	7.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SEDAX SEI Institutional Investments Trust Emerging Markets Debt Fund	8.63%	7.30%	7.24%	4.65%	2.08%	4.69%	1.52%	3.75%	3.17%	4.70%	3.59%	1.00%

Frequently Asked Questions

Can I hold both SEDAX and GMOQX in my portfolio?

SEDAX and GMOQX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEDAX or GMOQX?

SEDAX has higher volatility (1.75%) compared to GMOQX (1.17%). In terms of maximum drawdown, SEDAX dropped -37.03% vs GMOQX's -31.41%.

Which has better risk-adjusted returns?

GMOQX currently has the higher Sharpe Ratio (4.96 vs 2.82), 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.