WGFIX vs. GMGEX
WGFIX (William Blair Global Leaders Fund) and GMGEX (GMO Global Equity Allocation Fund) are both Global Equities funds. Over the past 10 years, WGFIX returned 10.53%/yr vs 11.15%/yr for GMGEX. Their correlation of 0.88 means they have usually moved in the same direction. WGFIX charges 0.90%/yr vs 0.01%/yr for GMGEX.
Performance
WGFIX vs. GMGEX - Performance Comparison
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Returns By Period
In the year-to-date period, WGFIX achieves a 4.53% return, which is significantly lower than GMGEX's 19.52% return. Over the past 10 years, WGFIX has underperformed GMGEX with an annualized return of 10.53%, while GMGEX has yielded a comparatively higher 11.15% annualized return.
WGFIX
- 1D
- 2.82%
- 1M
- -3.89%
- 6M
- 2.82%
- YTD
- 4.53%
- 1Y
- 13.52%
- 3Y*
- 10.22%
- 5Y*
- 2.87%
- 10Y*
- 10.53%
- ALL TIME*
- 6.95%
GMGEX
- 1D
- 1.87%
- 1M
- 1.85%
- 6M
- 12.88%
- YTD
- 19.52%
- 1Y
- 37.44%
- 3Y*
- 18.95%
- 5Y*
- 10.66%
- 10Y*
- 11.15%
- ALL TIME*
- 4.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
WGFIX vs. GMGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WGFIX William Blair Global Leaders Fund | 4.53% | 16.06% | 7.52% | 23.02% | -29.32% | 16.71% | 32.06% | 31.97% | -8.04% | 30.67% |
GMGEX GMO Global Equity Allocation Fund | 19.52% | 29.14% | 4.12% | 22.27% | -17.07% | 14.99% | 9.55% | 25.45% | -13.04% | 26.39% |
Correlation
The correlation between WGFIX and GMGEX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2007 | 0.88 |
The correlation between WGFIX and GMGEX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
WGFIX vs. GMGEX — Risk / Return Rank
WGFIX
GMGEX
WGFIX vs. GMGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for William Blair Global Leaders Fund (WGFIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WGFIX | GMGEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.49 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 3.87 | -2.99 |
| Martin ratioReturn relative to average drawdown | 3.27 | 14.86 | -11.59 |
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Drawdowns
WGFIX vs. GMGEX - Drawdown Comparison
The maximum WGFIX drawdown since its inception was -59.51%, roughly equal to the maximum GMGEX drawdown of -58.47%. Use the drawdown chart below to compare losses from any high point for WGFIX and GMGEX.
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Drawdown Indicators
| WGFIX | GMGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.51% | -58.47% | -1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -9.24% | -3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -17.12% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -38.76% | -28.58% | -10.18% |
Max Drawdown (10Y)Largest decline over 10 years | -38.76% | -34.98% | -3.78% |
Current DrawdownCurrent decline from peak | -4.95% | -0.28% | -4.67% |
Average DrawdownAverage peak-to-trough decline | -11.79% | -16.67% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 2.41% | +1.12% |
Volatility
WGFIX vs. GMGEX - Volatility Comparison
William Blair Global Leaders Fund (WGFIX) has a higher volatility of 5.20% compared to GMO Global Equity Allocation Fund (GMGEX) at 3.63%. This indicates that WGFIX's price experiences larger fluctuations and is considered to be riskier than GMGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WGFIX | GMGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 3.63% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 11.04% | +2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.87% | 13.46% | +2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 14.89% | +4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.93% | 15.97% | +2.96% |
WGFIX vs. GMGEX - Expense Ratio Comparison
WGFIX has a 0.90% expense ratio, which is higher than GMGEX's 0.01% expense ratio.
Dividends
WGFIX vs. GMGEX - Dividend Comparison
WGFIX's dividend yield for the trailing twelve months is around 81.83%, more than GMGEX's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMGEX GMO Global Equity Allocation Fund | 3.95% | 4.69% | 0.29% | 5.62% | 7.81% | 7.76% | 3.83% | 3.14% | 3.14% | 2.90% | 3.71% | 4.20% |
WGFIX William Blair Global Leaders Fund | 81.83% | 85.53% | 54.25% | 6.65% | 2.17% | 5.65% | 12.57% | 1.35% | 17.62% | 4.24% | 0.72% | 5.05% |
Frequently Asked Questions
WGFIX and GMGEX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WGFIX has higher volatility (5.20%) compared to GMGEX (3.63%). In terms of maximum drawdown, WGFIX dropped -59.51% vs GMGEX's -58.47%.
GMGEX currently has the higher Sharpe Ratio (2.66 vs 0.73), 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.
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