DFIC vs. GMOI

Last updated Jun 24, 2026

DFIC (DFA Dimensional International Core Equity 2 ETF) and GMOI (GMO International Value ETF) are both Foreign Large Cap Equities funds. DFIC is actively managed, while GMOI is passively managed. Over the past year, DFIC returned 24.23% vs 35.21% for GMOI. Their correlation of 0.92 suggests significant overlap in exposure. DFIC charges 0.22%/yr vs 0.60%/yr for GMOI.

Performance

DFIC vs. GMOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Dimensional International Core Equity 2 ETF (DFIC) and GMO International Value ETF (GMOI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFIC achieves a 7.68% return, which is significantly lower than GMOI's 11.52% return.

DFIC

• 1D: -2.96%
• 1M: -2.35%
• YTD: 7.68%
• 6M: 7.21%
• 1Y: 24.23%
• 3Y*: 18.77%
• 5Y*: —
• 10Y*: —

GMOI

• 1D: -1.03%
• 1M: -1.76%
• YTD: 11.52%
• 6M: 11.19%
• 1Y: 35.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFIC vs. GMOI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DFIC DFA Dimensional International Core Equity 2 ETF	7.68%	37.09%	-3.87%
GMOI GMO International Value ETF	11.52%	45.64%	-4.48%

Correlation

The correlation between DFIC and GMOI is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.92

The correlation between DFIC and GMOI has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

Return for Risk

DFIC vs. GMOI — Risk / Return Rank

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

DFIC

DFIC Risk / Return Rank: 50
DFIC Sharpe Ratio Rank: 50
DFIC Sortino Ratio Rank: 49
DFIC Omega Ratio Rank: 50
DFIC Calmar Ratio Rank: 46
DFIC Martin Ratio Rank: 52

GMOI

GMOI Risk / Return Rank: 85
GMOI Sharpe Ratio Rank: 87
GMOI Sortino Ratio Rank: 87
GMOI Omega Ratio Rank: 83
GMOI Calmar Ratio Rank: 84
GMOI Martin Ratio Rank: 85

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.

DFIC vs. GMOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Dimensional International Core Equity 2 ETF (DFIC) 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.

	DFIC	GMOI	Difference
Sharpe ratio: Return per unit of total volatility	1.67	2.64	-0.97
Sortino ratio: Return per unit of downside risk	2.31	3.65	-1.34
Omega ratio: Gain probability vs. loss probability	1.31	1.47	-0.16
Calmar ratio: Return relative to maximum drawdown	2.21	4.23	-2.02
Martin ratio: Return relative to average drawdown	8.69	16.65	-7.96

DFIC vs. GMOI - Sharpe Ratio Comparison

The current DFIC Sharpe Ratio is 1.67, which is lower than the GMOI Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of DFIC and GMOI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFIC vs. GMOI - Drawdown Comparison

The maximum DFIC drawdown since its inception was -24.40%, which is greater than GMOI's maximum drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for DFIC and GMOI.

Drawdown Indicators

	DFIC	GMOI	Difference
Max Drawdown Largest peak-to-trough decline	-24.40%	-14.67%	-9.73%
Max Drawdown (1Y) Largest decline over 1 year	-11.00%	-8.36%	-2.64%
Max Drawdown (3Y) Largest decline over 3 years	-13.14%	—	—
Current Drawdown Current decline from peak	-3.66%	-2.63%	-1.03%
Average Drawdown Average peak-to-trough decline	-4.51%	-1.69%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.12%	+0.67%

Volatility

DFIC vs. GMOI - Volatility Comparison

DFA Dimensional International Core Equity 2 ETF (DFIC) has a higher volatility of 5.44% compared to GMO International Value ETF (GMOI) at 3.99%. This indicates that DFIC'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.

Volatility by Period

	DFIC	GMOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	3.99%	+1.45%
Volatility (6M) Calculated over the trailing 6-month period	12.46%	10.67%	+1.79%
Volatility (1Y) Calculated over the trailing 1-year period	14.60%	13.40%	+1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.29%	15.57%	+0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.29%	15.57%	+0.72%

DFIC vs. GMOI - Expense Ratio Comparison

DFIC has a 0.22% expense ratio, which is lower than GMOI's 0.60% expense ratio.

Dividends

DFIC vs. GMOI - Dividend Comparison

DFIC's dividend yield for the trailing twelve months is around 2.33%, less than GMOI's 2.45% yield.

Position	TTM	2025	2024	2023	2022
DFIC DFA Dimensional International Core Equity 2 ETF	2.33%	2.54%	2.87%	2.55%	1.47%
GMOI GMO International Value ETF	2.45%	2.74%	0.54%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFIC and GMOI in my portfolio?

With a correlation of 0.92, DFIC and GMOI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DFIC or GMOI?

DFIC has higher volatility (5.44%) compared to GMOI (3.99%). In terms of maximum drawdown, DFIC dropped -24.40% vs GMOI's -14.67%.

Which ETF is better, DFIC or GMOI?

On 1-year performance, GMOI leads with 35.21% vs 24.23% for DFIC. On fees, DFIC is cheaper at 0.22% per year. On volatility, GMOI has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFIC or GMOI?

Over the 1-year period, GMOI has performed better with a 35.21% return vs 24.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFIC or GMOI?

DFIC is cheaper with a 0.22% expense ratio, compared with 0.60% for GMOI.

Which ETF pays a higher dividend yield, DFIC or GMOI?

GMOI has the higher dividend yield at 2.45%, compared with 2.33% for DFIC.

What is the main difference between DFIC and GMOI?

They also come from different issuers: Dimensional and GMO. Their fees differ too: 0.22% for DFIC and 0.60% for GMOI.

Which has better risk-adjusted returns?

GMOI currently has the higher Sharpe Ratio (2.64 vs 1.67), 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.