WFRPX vs. GMGEX

Last updated Apr 2, 2026

Compare and contrast key facts about Wealthfront Risk Parity Fund Class W (WFRPX) and GMO Global Equity Allocation Fund (GMGEX).

WFRPX is managed by Wealthfront. It was launched on Jan 22, 2018. GMGEX is managed by GMO. It was launched on Nov 25, 1996.

Performance

WFRPX vs. GMGEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wealthfront Risk Parity Fund Class W (WFRPX) and GMO Global Equity Allocation Fund (GMGEX). The values are adjusted to include any dividend payments, if applicable.

WFRPX vs. GMGEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WFRPX Wealthfront Risk Parity Fund Class W	0.00%	0.06%	1.38%	6.07%	-23.39%	7.64%	-6.57%	32.52%	-7.13%
GMGEX GMO Global Equity Allocation Fund	3.72%	29.14%	4.12%	22.27%	-17.07%	14.99%	9.55%	25.45%	-12.61%

Returns By Period

WFRPX

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

GMGEX

• 1D: 2.68%
• 1M: -5.76%
• YTD: 3.72%
• 6M: 10.13%
• 1Y: 30.15%
• 3Y*: 16.98%
• 5Y*: 8.06%
• 10Y*: 9.93%

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

WFRPX vs. GMGEX - Expense Ratio Comparison

WFRPX has a 0.25% expense ratio, which is higher than GMGEX's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

WFRPX

Wealthfront Risk Parity Fund Class W

GMGEX

GMO Global Equity Allocation Fund

Return for Risk

WFRPX vs. GMGEX — Risk / Return Rank

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

GMGEX

GMGEX Risk / Return Rank: 90
GMGEX Sharpe Ratio Rank: 90
GMGEX Sortino Ratio Rank: 90
GMGEX Omega Ratio Rank: 88
GMGEX Calmar Ratio Rank: 89
GMGEX Martin Ratio Rank: 91

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.

WFRPX vs. GMGEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wealthfront Risk Parity Fund Class W (WFRPX) and GMO Global Equity Allocation Fund (GMGEX). 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

	WFRPX	GMGEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.94	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.22	—

Correlation

The correlation between WFRPX and GMGEX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

WFRPX vs. GMGEX - Dividend Comparison

WFRPX has not paid dividends to shareholders, while GMGEX's dividend yield for the trailing twelve months is around 4.52%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WFRPX Wealthfront Risk Parity Fund Class W	0.00%	0.06%	5.18%	4.86%	1.31%	3.02%	0.29%	3.63%	1.33%	0.00%	0.00%	0.00%
GMGEX GMO Global Equity Allocation Fund	4.52%	4.69%	0.29%	5.62%	7.81%	7.76%	3.83%	3.14%	3.14%	2.90%	3.71%	4.20%

Drawdowns

Drawdown Indicators

	WFRPX	GMGEX	Difference
Max Drawdown Largest peak-to-trough decline	—	-58.47%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.98%	—
Current Drawdown Current decline from peak	—	-6.81%	—
Average Drawdown Average peak-to-trough decline	—	-16.84%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.66%	—

Volatility

Volatility by Period

	WFRPX	GMGEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.72%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.74%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.02%	—