AFK vs. GMOI
AFK (VanEck Vectors Africa Index ETF) and GMOI (GMO International Value ETF) are both exchange-traded funds - AFK is a Emerging Markets Equities fund tracking the Dow Jones Africa Titans 50 Index, while GMOI is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Value. Both are passively managed. Over the past year, AFK returned 26.56% vs 42.70% for GMOI. Their 0.59 correlation means they have sometimes moved together and sometimes differently. AFK charges 0.78%/yr vs 0.60%/yr for GMOI.
Performance
AFK vs. GMOI - Performance Comparison
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Returns By Period
In the year-to-date period, AFK achieves a -2.32% return, which is significantly lower than GMOI's 20.56% return.
AFK
- 1D
- 0.15%
- 1M
- 0.08%
- 6M
- -6.31%
- YTD
- -2.32%
- 1Y
- 26.56%
- 3Y*
- 19.94%
- 5Y*
- 6.08%
- 10Y*
- 5.25%
- ALL TIME*
- -0.03%
GMOI
- 1D
- -0.84%
- 1M
- 5.97%
- 6M
- 13.54%
- YTD
- 20.56%
- 1Y
- 42.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 34.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.06M | $2.15M | $2.08M | |
| $7.55M | $4.55M | $3.04M |
AFK vs. GMOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AFK VanEck Vectors Africa Index ETF | -2.32% | 74.71% | -8.95% |
GMOI GMO International Value ETF | 20.56% | 45.64% | -4.48% |
Correlation
The correlation between AFK and GMOI is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.59 |
The correlation between AFK and GMOI has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
AFK vs. GMOI — Risk / Return Rank
AFK
GMOI
AFK vs. GMOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Africa Index ETF (AFK) and GMO International Value ETF (GMOI). 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.
| AFK | GMOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.57 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 5.05 | -3.71 |
| Martin ratioReturn relative to average drawdown | 2.99 | 20.38 | -17.39 |
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Drawdowns
AFK vs. GMOI - Drawdown Comparison
The maximum AFK drawdown since its inception was -62.46%, which is greater than GMOI's maximum drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for AFK and GMOI.
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Drawdown Indicators
| AFK | GMOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.46% | -14.67% | -47.79% |
Max Drawdown (1Y)Largest decline over 1 year | -19.54% | -8.36% | -11.18% |
Max Drawdown (3Y)Largest decline over 3 years | -19.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.33% | — | — |
Current DrawdownCurrent decline from peak | -14.50% | -0.84% | -13.66% |
Average DrawdownAverage peak-to-trough decline | -31.88% | -1.63% | -30.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.74% | 2.07% | +6.67% |
Volatility
AFK vs. GMOI - Volatility Comparison
VanEck Vectors Africa Index ETF (AFK) has a higher volatility of 5.45% compared to GMO International Value ETF (GMOI) at 3.78%. This indicates that AFK's price experiences larger fluctuations and is considered to be riskier than GMOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFK | GMOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 3.78% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 23.20% | 10.78% | +12.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.08% | 13.11% | +13.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.45% | 15.39% | +7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.14% | 15.39% | +6.75% |
AFK vs. GMOI - Expense Ratio Comparison
AFK has a 0.78% expense ratio, which is higher than GMOI's 0.60% expense ratio.
Dividends
AFK vs. GMOI - Dividend Comparison
AFK's dividend yield for the trailing twelve months is around 1.04%, less than GMOI's 2.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFK VanEck Vectors Africa Index ETF | 1.04% | 1.02% | 0.00% | 2.27% | 3.59% | 4.17% | 3.91% | 6.34% | 1.71% | 1.99% | 2.67% | 2.16% |
GMOI GMO International Value ETF | 2.65% | 2.74% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AFK and GMOI have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AFK has higher volatility (5.45%) compared to GMOI (3.78%). In terms of maximum drawdown, AFK dropped -62.46% vs GMOI's -14.67%.
On 1-year performance, GMOI leads with 42.70% vs 26.56% for AFK. On fees, GMOI is cheaper at 0.60% per year. On volatility, GMOI has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GMOI has performed better with a 42.70% return vs 26.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GMOI is cheaper with a 0.60% expense ratio, compared with 0.78% for AFK.
GMOI has the higher dividend yield at 2.65%, compared with 1.04% for AFK.
AFK is categorized as Emerging Markets Equities, while GMOI is Foreign Large Cap Equities. AFK tracks Dow Jones Africa Titans 50 Index, while GMOI tracks MSCI World ex USA Value. They also come from different issuers: VanEck and GMO. Their fees differ too: 0.78% for AFK and 0.60% for GMOI.
GMOI currently has the higher Sharpe Ratio (3.23 vs 0.97), 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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