SGISX vs. GWOAX

Last updated Jun 6, 2026

SGISX (Crossmark Steward Global Equity Income Fund) and GWOAX (GMO Global Developed Equity Allocation Fund) are both Global Equities funds. Over the past 10 years, SGISX returned 11.62%/yr vs 12.11%/yr for GWOAX. Their correlation of 0.92 suggests significant overlap in exposure. SGISX charges 0.99%/yr vs 0.01%/yr for GWOAX.

Performance

SGISX vs. GWOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Crossmark Steward Global Equity Income Fund (SGISX) and GMO Global Developed Equity Allocation Fund (GWOAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGISX achieves a 13.14% return, which is significantly lower than GWOAX's 16.38% return. Both investments have delivered pretty close results over the past 10 years, with SGISX having a 11.62% annualized return and GWOAX not far ahead at 12.11%.

SGISX

• 1D: 0.09%
• 1M: 6.47%
• YTD: 13.14%
• 6M: 12.92%
• 1Y: 27.22%
• 3Y*: 19.51%
• 5Y*: 9.73%
• 10Y*: 11.62%

GWOAX

• 1D: 0.45%
• 1M: 2.94%
• YTD: 16.38%
• 6M: 18.04%
• 1Y: 37.95%
• 3Y*: 21.29%
• 5Y*: 10.82%
• 10Y*: 12.11%

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

SGISX vs. GWOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGISX Crossmark Steward Global Equity Income Fund	13.14%	21.79%	9.34%	15.60%	-11.27%	19.46%	8.55%	24.76%	-7.78%	22.36%
GWOAX GMO Global Developed Equity Allocation Fund	16.38%	28.37%	6.14%	22.49%	-14.10%	18.53%	10.53%	26.56%	-12.95%	25.63%

Correlation

The correlation between SGISX and GWOAX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012	0.92

The correlation between SGISX and GWOAX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

SGISX vs. GWOAX — Risk / Return Rank

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

SGISX

SGISX Risk / Return Rank: 62
SGISX Sharpe Ratio Rank: 56
SGISX Sortino Ratio Rank: 53
SGISX Omega Ratio Rank: 51
SGISX Calmar Ratio Rank: 77
SGISX Martin Ratio Rank: 70

GWOAX

GWOAX Risk / Return Rank: 88
GWOAX Sharpe Ratio Rank: 92
GWOAX Sortino Ratio Rank: 88
GWOAX Omega Ratio Rank: 84
GWOAX Calmar Ratio Rank: 89
GWOAX Martin Ratio Rank: 90

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.

SGISX vs. GWOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Crossmark Steward Global Equity Income Fund (SGISX) 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.

	SGISX	GWOAX	Difference
Sharpe ratio: Return per unit of total volatility	2.15	3.07	-0.92
Sortino ratio: Return per unit of downside risk	2.97	4.22	-1.25
Omega ratio: Gain probability vs. loss probability	1.38	1.55	-0.17
Calmar ratio: Return relative to maximum drawdown	3.35	4.33	-0.98
Martin ratio: Return relative to average drawdown	12.94	17.29	-4.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGISX vs. GWOAX - Sharpe Ratio Comparison

The current SGISX Sharpe Ratio is 2.15, which is comparable to the GWOAX Sharpe Ratio of 3.07. The chart below compares the historical Sharpe Ratios of SGISX and GWOAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SGISX	GWOAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	3.07	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.71	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.74	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.47	+0.25

Drawdowns

SGISX vs. GWOAX - Drawdown Comparison

The maximum SGISX drawdown since its inception was -35.59%, smaller than the maximum GWOAX drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for SGISX and GWOAX.

Drawdown Indicators

	SGISX	GWOAX	Difference
Max Drawdown Largest peak-to-trough decline	-35.59%	-49.84%	+14.25%
Max Drawdown (1Y) Largest decline over 1 year	-8.16%	-8.78%	+0.62%
Max Drawdown (3Y) Largest decline over 3 years	-14.71%	-16.11%	+1.40%
Max Drawdown (5Y) Largest decline over 5 years	-21.76%	-26.21%	+4.45%
Max Drawdown (10Y) Largest decline over 10 years	-35.59%	-35.28%	-0.31%
Current Drawdown Current decline from peak	-0.93%	0.00%	-0.93%
Average Drawdown Average peak-to-trough decline	-3.75%	-8.99%	+5.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	2.19%	-0.08%

Volatility

SGISX vs. GWOAX - Volatility Comparison

Crossmark Steward Global Equity Income Fund (SGISX) has a higher volatility of 4.17% compared to GMO Global Developed Equity Allocation Fund (GWOAX) at 3.14%. This indicates that SGISX'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.

Volatility by Period

	SGISX	GWOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	3.14%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	9.65%	9.47%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	12.75%	12.40%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	15.22%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.68%	16.49%	+0.19%

SGISX vs. GWOAX - Expense Ratio Comparison

SGISX has a 0.99% expense ratio, which is higher than GWOAX's 0.01% expense ratio.

Dividends

SGISX vs. GWOAX - Dividend Comparison

SGISX's dividend yield for the trailing twelve months is around 5.63%, more than GWOAX's 3.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GWOAX GMO Global Developed Equity Allocation Fund	3.83%	4.46%	0.60%	6.10%	7.27%	12.75%	3.85%	4.33%	3.02%	3.05%	6.43%	12.47%
SGISX Crossmark Steward Global Equity Income Fund	5.63%	6.35%	5.08%	2.67%	8.68%	16.69%	2.43%	7.94%	10.59%	7.58%	6.99%	8.32%

Frequently Asked Questions

Can I hold both SGISX and GWOAX in my portfolio?

SGISX and GWOAX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGISX or GWOAX?

SGISX has higher volatility (4.17%) compared to GWOAX (3.14%). In terms of maximum drawdown, SGISX dropped -35.59% vs GWOAX's -49.84%.

Which has better risk-adjusted returns?

GWOAX currently has the higher Sharpe Ratio (3.07 vs 2.15), 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.