ZGFIX vs. GMGEX
Compare and contrast key facts about Ninety One Global Franchise Fund (ZGFIX) and GMO Global Equity Allocation Fund (GMGEX).
ZGFIX is managed by Ninety One. It was launched on Dec 10, 2017. GMGEX is managed by GMO. It was launched on Nov 25, 1996.
Performance
ZGFIX vs. GMGEX - Performance Comparison
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ZGFIX vs. GMGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZGFIX Ninety One Global Franchise Fund | -8.70% | 18.56% | 7.83% | 19.38% | -18.04% | 18.58% | 16.72% | 28.13% | -4.07% |
GMGEX GMO Global Equity Allocation Fund | 3.72% | 29.14% | 4.12% | 22.27% | -17.07% | 14.99% | 9.55% | 25.45% | -14.27% |
Returns By Period
In the year-to-date period, ZGFIX achieves a -8.70% return, which is significantly lower than GMGEX's 3.72% return.
ZGFIX
- 1D
- 1.85%
- 1M
- -5.67%
- YTD
- -8.70%
- 6M
- -6.06%
- 1Y
- 4.97%
- 3Y*
- 9.21%
- 5Y*
- 5.61%
- 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%
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ZGFIX vs. GMGEX - Expense Ratio Comparison
ZGFIX has a 0.85% expense ratio, which is higher than GMGEX's 0.01% expense ratio.
Return for Risk
ZGFIX vs. GMGEX — Risk / Return Rank
ZGFIX
GMGEX
ZGFIX vs. GMGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ninety One Global Franchise Fund (ZGFIX) 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.
| ZGFIX | GMGEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.36 | 1.94 | -1.58 |
Sortino ratioReturn per unit of downside risk | 0.61 | 2.63 | -2.02 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.39 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.42 | 2.59 | -2.16 |
Martin ratioReturn relative to average drawdown | 1.54 | 11.30 | -9.76 |
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
| ZGFIX | GMGEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 1.94 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.55 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.22 | +0.30 |
Correlation
The correlation between ZGFIX and GMGEX is 0.81, 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
ZGFIX vs. GMGEX - Dividend Comparison
ZGFIX's dividend yield for the trailing twelve months is around 8.77%, more than GMGEX's 4.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZGFIX Ninety One Global Franchise Fund | 8.77% | 8.00% | 0.23% | 0.33% | 0.37% | 0.13% | 0.38% | 0.89% | 0.81% | 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
ZGFIX vs. GMGEX - Drawdown Comparison
The maximum ZGFIX drawdown since its inception was -28.51%, smaller than the maximum GMGEX drawdown of -58.47%. Use the drawdown chart below to compare losses from any high point for ZGFIX and GMGEX.
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Drawdown Indicators
| ZGFIX | GMGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -58.47% | +29.96% |
Max Drawdown (1Y)Largest decline over 1 year | -13.14% | -11.62% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -27.19% | -28.58% | +1.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.98% | — |
Current DrawdownCurrent decline from peak | -10.87% | -6.81% | -4.06% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -16.84% | +11.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.66% | +0.94% |
Volatility
ZGFIX vs. GMGEX - Volatility Comparison
The current volatility for Ninety One Global Franchise Fund (ZGFIX) is 4.55%, while GMO Global Equity Allocation Fund (GMGEX) has a volatility of 6.09%. This indicates that ZGFIX experiences smaller price fluctuations and is considered to be less risky 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
| ZGFIX | GMGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 6.09% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.81% | 9.78% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 15.72% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 14.74% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 16.02% | +0.64% |