TWEBX vs. GCCHX

Last updated Jun 5, 2026

TWEBX (Tweedy, Browne Value Fund) and GCCHX (GMO Climate Change Fund) are both Global Equities funds. Over the past 5 years, TWEBX returned 8.36%/yr vs 3.71%/yr for GCCHX. A 0.70 correlation means they provide meaningful diversification when combined. TWEBX charges 1.40%/yr vs 0.77%/yr for GCCHX.

Performance

TWEBX vs. GCCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tweedy, Browne Value Fund (TWEBX) 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, TWEBX achieves a 10.30% return, which is significantly lower than GCCHX's 27.68% return.

TWEBX

• 1D: 0.05%
• 1M: 3.38%
• YTD: 10.30%
• 6M: 11.80%
• 1Y: 21.35%
• 3Y*: 13.44%
• 5Y*: 8.36%
• 10Y*: 8.45%

GCCHX

• 1D: -0.90%
• 1M: 4.26%
• YTD: 27.68%
• 6M: 28.65%
• 1Y: 80.76%
• 3Y*: 5.87%
• 5Y*: 3.71%
• 10Y*: —

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

TWEBX vs. GCCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TWEBX Tweedy, Browne Value Fund	10.30%	21.59%	1.30%	15.21%	-5.65%	16.20%	-2.00%	16.09%	-6.43%	11.78%
GCCHX GMO Climate Change Fund	27.68%	39.25%	-25.63%	-6.85%	-10.39%	21.84%	42.82%	27.36%	-16.35%	26.15%

Correlation

The correlation between TWEBX and GCCHX is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Apr 19, 2017	0.70

The correlation between TWEBX and GCCHX shifts across timeframes, from 0.53 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TWEBX vs. GCCHX — Risk / Return Rank

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

TWEBX

TWEBX Risk / Return Rank: 53
TWEBX Sharpe Ratio Rank: 60
TWEBX Sortino Ratio Rank: 62
TWEBX Omega Ratio Rank: 62
TWEBX Calmar Ratio Rank: 42
TWEBX Martin Ratio Rank: 39

GCCHX

GCCHX Risk / Return Rank: 91
GCCHX Sharpe Ratio Rank: 96
GCCHX Sortino Ratio Rank: 86
GCCHX Omega Ratio Rank: 81
GCCHX Calmar Ratio Rank: 97
GCCHX Martin Ratio Rank: 95

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.

TWEBX vs. GCCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne Value Fund (TWEBX) 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.

	TWEBX	GCCHX	Difference
Sharpe ratio: Return per unit of total volatility	2.26	3.47	-1.20
Sortino ratio: Return per unit of downside risk	3.26	4.16	-0.90
Omega ratio: Gain probability vs. loss probability	1.43	1.54	-0.11
Calmar ratio: Return relative to maximum drawdown	2.41	6.93	-4.51
Martin ratio: Return relative to average drawdown	8.35	22.54	-14.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TWEBX vs. GCCHX - Sharpe Ratio Comparison

The current TWEBX Sharpe Ratio is 2.26, which is lower than the GCCHX Sharpe Ratio of 3.47. The chart below compares the historical Sharpe Ratios of TWEBX 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.

Sharpe Ratios by Period

	TWEBX	GCCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	3.47	-1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.14	+0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.44	+0.14

Drawdowns

TWEBX vs. GCCHX - Drawdown Comparison

The maximum TWEBX drawdown since its inception was -45.77%, smaller than the maximum GCCHX drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for TWEBX and GCCHX.

Drawdown Indicators

	TWEBX	GCCHX	Difference
Max Drawdown Largest peak-to-trough decline	-45.77%	-54.32%	+8.55%
Max Drawdown (1Y) Largest decline over 1 year	-9.17%	-11.76%	+2.59%
Max Drawdown (3Y) Largest decline over 3 years	-12.49%	-52.03%	+39.54%
Max Drawdown (5Y) Largest decline over 5 years	-19.03%	-54.32%	+35.29%
Max Drawdown (10Y) Largest decline over 10 years	-32.88%	—	—
Current Drawdown Current decline from peak	-0.87%	-0.90%	+0.03%
Average Drawdown Average peak-to-trough decline	-5.69%	-13.91%	+8.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	3.61%	-0.97%

Volatility

TWEBX vs. GCCHX - Volatility Comparison

The current volatility for Tweedy, Browne Value Fund (TWEBX) is 2.65%, while GMO Climate Change Fund (GCCHX) has a volatility of 6.54%. This indicates that TWEBX 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

	TWEBX	GCCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	6.54%	-3.89%
Volatility (6M) Calculated over the trailing 6-month period	7.88%	16.28%	-8.40%
Volatility (1Y) Calculated over the trailing 1-year period	9.79%	23.58%	-13.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.09%	26.96%	-14.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.85%	25.15%	-11.30%

TWEBX vs. GCCHX - Expense Ratio Comparison

TWEBX has a 1.40% expense ratio, which is higher than GCCHX's 0.77% expense ratio.

Dividends

TWEBX vs. GCCHX - Dividend Comparison

TWEBX's dividend yield for the trailing twelve months is around 3.47%, more than GCCHX's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GCCHX GMO Climate Change Fund	1.18%	1.51%	0.66%	0.96%	2.24%	25.43%	5.42%	4.03%	2.62%	3.43%	0.00%	0.00%
TWEBX Tweedy, Browne Value Fund	3.47%	3.83%	11.81%	7.47%	6.52%	12.18%	2.02%	5.49%	24.34%	0.78%	4.42%	4.36%

Frequently Asked Questions

Can I hold both TWEBX and GCCHX in my portfolio?

TWEBX and GCCHX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TWEBX or GCCHX?

GCCHX has higher volatility (6.54%) compared to TWEBX (2.65%). In terms of maximum drawdown, TWEBX dropped -45.77% vs GCCHX's -54.32%.

Which has better risk-adjusted returns?

GCCHX currently has the higher Sharpe Ratio (3.47 vs 2.26), 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.