SVARX vs. GMODX
Compare and contrast key facts about Spectrum Low Volatility Fund (SVARX) and GMO Opportunistic Income Fund (GMODX).
SVARX is managed by Advisors Preferred. It was launched on Dec 15, 2013. GMODX is managed by GMO. It was launched on Oct 2, 2011.
Performance
SVARX vs. GMODX - Performance Comparison
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SVARX vs. GMODX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVARX Spectrum Low Volatility Fund | 0.38% | 6.22% | 2.60% | 9.67% | -4.35% | 4.10% | 19.50% | 9.42% | -0.99% | 8.25% |
GMODX GMO Opportunistic Income Fund | 0.74% | 6.47% | 6.11% | 7.07% | -2.09% | 2.83% | 3.34% | 3.83% | 4.01% | 6.41% |
Returns By Period
In the year-to-date period, SVARX achieves a 0.38% return, which is significantly lower than GMODX's 0.74% return. Over the past 10 years, SVARX has outperformed GMODX with an annualized return of 6.51%, while GMODX has yielded a comparatively lower 4.36% annualized return.
SVARX
- 1D
- 0.13%
- 1M
- -0.59%
- YTD
- 0.38%
- 6M
- 2.25%
- 1Y
- 5.64%
- 3Y*
- 6.08%
- 5Y*
- 3.35%
- 10Y*
- 6.51%
GMODX
- 1D
- -0.37%
- 1M
- -0.57%
- YTD
- 0.74%
- 6M
- 1.99%
- 1Y
- 4.96%
- 3Y*
- 6.18%
- 5Y*
- 3.87%
- 10Y*
- 4.36%
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SVARX vs. GMODX - Expense Ratio Comparison
SVARX has a 2.34% expense ratio, which is higher than GMODX's 0.47% expense ratio.
Return for Risk
SVARX vs. GMODX — Risk / Return Rank
SVARX
GMODX
SVARX vs. GMODX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spectrum Low Volatility Fund (SVARX) and GMO Opportunistic Income Fund (GMODX). 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.
| SVARX | GMODX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 3.01 | -0.88 |
Sortino ratioReturn per unit of downside risk | 2.81 | 4.91 | -2.11 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.69 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.25 | 5.16 | -2.91 |
Martin ratioReturn relative to average drawdown | 7.51 | 23.65 | -16.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SVARX | GMODX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 3.01 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 1.02 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.76 | 1.44 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.69 | 1.38 | +0.31 |
Correlation
The correlation between SVARX and GMODX is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SVARX vs. GMODX - Dividend Comparison
SVARX's dividend yield for the trailing twelve months is around 5.92%, more than GMODX's 5.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVARX Spectrum Low Volatility Fund | 5.92% | 5.95% | 9.35% | 3.35% | 0.00% | 5.85% | 0.71% | 4.91% | 2.41% | 6.90% | 9.07% | 3.02% |
GMODX GMO Opportunistic Income Fund | 5.03% | 4.99% | 5.28% | 6.17% | 5.44% | 2.10% | 4.15% | 5.69% | 4.35% | 2.66% | 2.55% | 1.71% |
Drawdowns
SVARX vs. GMODX - Drawdown Comparison
The maximum SVARX drawdown since its inception was -6.48%, smaller than the maximum GMODX drawdown of -8.79%. Use the drawdown chart below to compare losses from any high point for SVARX and GMODX.
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Drawdown Indicators
| SVARX | GMODX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.48% | -8.79% | +2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -0.98% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -6.48% | -5.79% | -0.69% |
Max Drawdown (10Y)Largest decline over 10 years | -6.48% | -8.79% | +2.31% |
Current DrawdownCurrent decline from peak | -2.39% | -0.73% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -0.71% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.21% | +0.55% |
Volatility
SVARX vs. GMODX - Volatility Comparison
The current volatility for Spectrum Low Volatility Fund (SVARX) is 0.50%, while GMO Opportunistic Income Fund (GMODX) has a volatility of 0.58%. This indicates that SVARX experiences smaller price fluctuations and is considered to be less risky than GMODX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVARX | GMODX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.58% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 1.11% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.66% | 1.68% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.08% | 3.83% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.71% | 3.04% | +0.67% |