SEQAX vs. GCCHX

Last updated Aug 1, 2026

SEQAX (Guggenheim World Equity Income Fund) and GCCHX (GMO Climate Change Fund) are both mutual funds - SEQAX is a Dividend fund managed by Guggenheim, while GCCHX is a Global Equities fund managed by GMO. Over the past 5 years, SEQAX returned 9.29%/yr vs 0.78%/yr for GCCHX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. SEQAX charges 1.20%/yr vs 0.77%/yr for GCCHX.

Performance

SEQAX vs. GCCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim World Equity Income Fund (SEQAX) and GMO Climate Change Fund (GCCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEQAX achieves a 14.10% return, which is significantly higher than GCCHX's 10.46% return.

SEQAX

• 1D: 1.15%
• 1M: 2.87%
• 6M: 9.90%
• YTD: 14.10%
• 1Y: 28.89%
• 3Y*: 14.89%
• 5Y*: 9.29%
• 10Y*: 9.44%
• ALL TIME*: 7.73%

GCCHX

• 1D: 3.38%
• 1M: -3.29%
• 6M: 0.57%
• YTD: 10.46%
• 1Y: 40.74%
• 3Y*: -1.39%
• 5Y*: 0.78%
• 10Y*: —
• ALL TIME*: 9.04%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GCCHX GMO Climate Change Fund	$0.00	$0.00	$0.00
SEQAX Guggenheim World Equity Income Fund	$0.00	$0.00	$0.00

SEQAX vs. GCCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SEQAX Guggenheim World Equity Income Fund	14.10%	22.37%	5.57%	12.10%	-9.30%	21.30%	6.14%	21.02%	-8.68%	11.36%
GCCHX GMO Climate Change Fund	10.46%	39.25%	-25.63%	-6.85%	-10.39%	21.84%	42.82%	27.36%	-16.35%	26.15%

Correlation

The correlation between SEQAX and GCCHX is 0.66, 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.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017	0.73

The correlation between SEQAX and GCCHX has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.

Return for Risk

SEQAX vs. GCCHX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SEQAX

SEQAX Risk / Return Rank: 90
SEQAX Sharpe Ratio Rank: 94
SEQAX Sortino Ratio Rank: 92
SEQAX Omega Ratio Rank: 87
SEQAX Calmar Ratio Rank: 88
SEQAX Martin Ratio Rank: 91

GCCHX

GCCHX Risk / Return Rank: 61
GCCHX Sharpe Ratio Rank: 67
GCCHX Sortino Ratio Rank: 62
GCCHX Omega Ratio Rank: 58
GCCHX Calmar Ratio Rank: 68
GCCHX Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SEQAX vs. GCCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim World Equity Income Fund (SEQAX) and GMO Climate Change Fund (GCCHX). 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.

	SEQAX	GCCHX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	1.58	+0.90
Sortino ratio: Return per unit of downside risk	3.57	2.16	+1.40
Omega ratio: Gain probability vs. loss probability	1.45	1.27	+0.18
Calmar ratio: Return relative to maximum drawdown	3.26	2.22	+1.05
Martin ratio: Return relative to average drawdown	12.98	6.75	+6.23

SEQAX vs. GCCHX - Sharpe Ratio Comparison

The current SEQAX Sharpe Ratio is 2.47, which is higher than the GCCHX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of SEQAX and GCCHX, 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

SEQAX vs. GCCHX - Drawdown Comparison

The maximum SEQAX drawdown since its inception was -52.69%, roughly equal to the maximum GCCHX drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for SEQAX and GCCHX.

Drawdown Indicators

	SEQAX	GCCHX	Difference
Max Drawdown Largest peak-to-trough decline	-52.69%	-54.32%	+1.63%
Max Drawdown (1Y) Largest decline over 1 year	-8.39%	-17.06%	+8.67%
Max Drawdown (3Y) Largest decline over 3 years	-18.63%	-48.16%	+29.53%
Max Drawdown (5Y) Largest decline over 5 years	-20.03%	-54.32%	+34.29%
Max Drawdown (10Y) Largest decline over 10 years	-35.29%	—	—
Current Drawdown Current decline from peak	0.00%	-14.26%	+14.26%
Average Drawdown Average peak-to-trough decline	-10.97%	-13.85%	+2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	5.60%	-3.49%

Volatility

SEQAX vs. GCCHX - Volatility Comparison

The current volatility for Guggenheim World Equity Income Fund (SEQAX) is 2.76%, while GMO Climate Change Fund (GCCHX) has a volatility of 6.52%. This indicates that SEQAX experiences smaller price fluctuations and is considered to be less risky than GCCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEQAX	GCCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	6.52%	-3.76%
Volatility (6M) Calculated over the trailing 6-month period	8.77%	18.44%	-9.67%
Volatility (1Y) Calculated over the trailing 1-year period	11.08%	24.04%	-12.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.51%	27.22%	-13.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.89%	25.19%	-10.30%

SEQAX vs. GCCHX - Expense Ratio Comparison

SEQAX has a 1.20% expense ratio, which is higher than GCCHX's 0.77% expense ratio.

Dividends

SEQAX vs. GCCHX - Dividend Comparison

SEQAX's dividend yield for the trailing twelve months is around 12.85%, more than GCCHX's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GCCHX GMO Climate Change Fund	2.12%	1.51%	0.66%	0.96%	2.24%	25.43%	5.42%	4.03%	2.62%	3.43%	0.00%	0.00%
SEQAX Guggenheim World Equity Income Fund	12.85%	14.91%	1.34%	1.82%	2.16%	29.17%	1.69%	2.45%	3.24%	2.18%	2.32%	2.28%

Frequently Asked Questions

Can I hold both SEQAX and GCCHX in my portfolio?

SEQAX and GCCHX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEQAX or GCCHX?

GCCHX has higher volatility (6.52%) compared to SEQAX (2.76%). In terms of maximum drawdown, SEQAX dropped -52.69% vs GCCHX's -54.32%.

Which has better risk-adjusted returns?

SEQAX currently has the higher Sharpe Ratio (2.47 vs 1.58), 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.