VGLSX vs. GBMFX
Compare and contrast key facts about VALIC Company I Global Strategy Fund (VGLSX) and GMO Benchmark-Free Allocation Fund (GBMFX).
VGLSX is managed by VALIC. It was launched on Dec 4, 2005. GBMFX is managed by GMO. It was launched on Jul 22, 2003.
Performance
VGLSX vs. GBMFX - Performance Comparison
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VGLSX vs. GBMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGLSX VALIC Company I Global Strategy Fund | -2.11% | 16.06% | 12.15% | 15.50% | -16.78% | 8.59% | 3.91% | 9.79% | -9.49% | 13.58% |
GBMFX GMO Benchmark-Free Allocation Fund | 4.49% | 22.89% | 4.33% | 13.46% | -2.24% | 2.97% | -2.50% | 11.62% | -5.36% | 13.05% |
Returns By Period
In the year-to-date period, VGLSX achieves a -2.11% return, which is significantly lower than GBMFX's 4.49% return. Over the past 10 years, VGLSX has underperformed GBMFX with an annualized return of 5.35%, while GBMFX has yielded a comparatively higher 6.30% annualized return.
VGLSX
- 1D
- 0.00%
- 1M
- -6.55%
- YTD
- -2.11%
- 6M
- 1.96%
- 1Y
- 17.43%
- 3Y*
- 11.99%
- 5Y*
- 5.47%
- 10Y*
- 5.35%
GBMFX
- 1D
- 0.25%
- 1M
- -4.66%
- YTD
- 4.49%
- 6M
- 10.97%
- 1Y
- 22.63%
- 3Y*
- 13.99%
- 5Y*
- 7.82%
- 10Y*
- 6.30%
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VGLSX vs. GBMFX - Expense Ratio Comparison
VGLSX has a 0.79% expense ratio, which is higher than GBMFX's 0.74% expense ratio.
Return for Risk
VGLSX vs. GBMFX — Risk / Return Rank
VGLSX
GBMFX
VGLSX vs. GBMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VALIC Company I Global Strategy Fund (VGLSX) and GMO Benchmark-Free Allocation Fund (GBMFX). 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.
| VGLSX | GBMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 2.84 | -1.11 |
Sortino ratioReturn per unit of downside risk | 2.44 | 3.76 | -1.32 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.57 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 3.51 | -1.64 |
Martin ratioReturn relative to average drawdown | 8.70 | 13.88 | -5.18 |
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
| VGLSX | GBMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 2.84 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 1.09 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.79 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.95 | -0.74 |
Correlation
The correlation between VGLSX and GBMFX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VGLSX vs. GBMFX - Dividend Comparison
VGLSX's dividend yield for the trailing twelve months is around 3.31%, less than GBMFX's 3.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGLSX VALIC Company I Global Strategy Fund | 3.31% | 0.00% | 0.00% | 9.08% | 0.00% | 4.06% | 12.91% | 10.88% | 0.00% | 2.64% | 0.00% | 0.00% |
GBMFX GMO Benchmark-Free Allocation Fund | 3.98% | 4.16% | 5.14% | 5.64% | 3.20% | 2.46% | 3.73% | 3.35% | 3.67% | 2.39% | 1.60% | 2.10% |
Drawdowns
VGLSX vs. GBMFX - Drawdown Comparison
The maximum VGLSX drawdown since its inception was -44.78%, which is greater than GBMFX's maximum drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for VGLSX and GBMFX.
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Drawdown Indicators
| VGLSX | GBMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.78% | -23.40% | -21.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.19% | -6.05% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -14.42% | -8.71% |
Max Drawdown (10Y)Largest decline over 10 years | -25.65% | -23.40% | -2.25% |
Current DrawdownCurrent decline from peak | -7.23% | -4.66% | -2.57% |
Average DrawdownAverage peak-to-trough decline | -12.21% | -3.29% | -8.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.57% | +0.27% |
Volatility
VGLSX vs. GBMFX - Volatility Comparison
VALIC Company I Global Strategy Fund (VGLSX) and GMO Benchmark-Free Allocation Fund (GBMFX) have volatilities of 3.38% and 3.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGLSX | GBMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 3.22% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 6.00% | 5.21% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.19% | 7.92% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.15% | 7.21% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.92% | 7.96% | +2.96% |