SGHIX vs. GBFFX

Last updated Jun 5, 2026

SGHIX (Sextant Global High Income Fund) and GBFFX (GMO Benchmark-Free Fund) are both Global Allocation funds. A 0.79 correlation means they provide meaningful diversification when combined. SGHIX charges 0.75%/yr vs 0.35%/yr for GBFFX.

Performance

SGHIX vs. GBFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sextant Global High Income Fund (SGHIX) and GMO Benchmark-Free Fund (GBFFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SGHIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GBFFX

• 1D: 0.04%
• 1M: 2.81%
• YTD: 12.16%
• 6M: 14.23%
• 1Y: 29.26%
• 3Y*: 15.79%
• 5Y*: 8.06%
• 10Y*: 7.18%

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

SGHIX vs. GBFFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGHIX Sextant Global High Income Fund	1.23%	18.52%	3.12%	10.05%	-7.80%	10.61%	-2.72%	11.47%	-1.22%	15.44%
GBFFX GMO Benchmark-Free Fund	12.16%	24.07%	0.40%	15.24%	-3.36%	4.38%	-3.35%	13.79%	-7.12%	17.06%

Correlation

The correlation between SGHIX and GBFFX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jul 13, 2015	0.79

The correlation between SGHIX and GBFFX has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.

Return for Risk

SGHIX vs. GBFFX — Risk / Return Rank

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

GBFFX

GBFFX Risk / Return Rank: 96
GBFFX Sharpe Ratio Rank: 99
GBFFX Sortino Ratio Rank: 98
GBFFX Omega Ratio Rank: 96
GBFFX Calmar Ratio Rank: 93
GBFFX Martin Ratio Rank: 93

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.

SGHIX vs. GBFFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sextant Global High Income Fund (SGHIX) and GMO Benchmark-Free Fund (GBFFX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SGHIX	GBFFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.25	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.00	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.70	—

Drawdowns

Drawdown Indicators

	SGHIX	GBFFX	Difference
Max Drawdown Largest peak-to-trough decline	—	-26.62%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.67%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.62%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-4.37%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.47%	—

Volatility

Volatility by Period

	SGHIX	GBFFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	6.99%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	8.07%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	9.08%	—

SGHIX vs. GBFFX - Expense Ratio Comparison

SGHIX has a 0.75% expense ratio, which is higher than GBFFX's 0.35% expense ratio.

Dividends

SGHIX vs. GBFFX - Dividend Comparison

SGHIX's dividend yield for the trailing twelve months is around 5.01%, more than GBFFX's 4.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GBFFX GMO Benchmark-Free Fund	4.56%	5.11%	1.81%	5.72%	5.48%	4.60%	3.32%	4.00%	3.92%	2.90%	2.72%	6.67%
SGHIX Sextant Global High Income Fund	5.01%	3.92%	3.13%	4.21%	3.51%	1.97%	3.56%	8.54%	3.75%	2.82%	4.51%	4.35%

Frequently Asked Questions

Can I hold both SGHIX and GBFFX in my portfolio?

SGHIX and GBFFX 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.