DFVIX vs. GIOTX

Last updated Jul 14, 2026

DFVIX (DFA International Value III Portfolio) and GIOTX (GMO International Developed Equity Allocation Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, DFVIX returned 12.46%/yr vs 12.05%/yr for GIOTX. Their correlation of 0.95 suggests significant overlap in exposure. DFVIX charges 0.24%/yr vs 0.00%/yr for GIOTX.

Performance

DFVIX vs. GIOTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA International Value III Portfolio (DFVIX) and GMO International Developed Equity Allocation Fund (GIOTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFVIX achieves a 12.88% return, which is significantly lower than GIOTX's 18.20% return. Both investments have delivered pretty close results over the past 10 years, with DFVIX having a 12.46% annualized return and GIOTX not far behind at 12.05%.

DFVIX

• 1D: 0.59%
• 1M: 0.34%
• 6M: 10.01%
• YTD: 12.88%
• 1Y: 32.02%
• 3Y*: 23.06%
• 5Y*: 16.07%
• 10Y*: 12.46%

GIOTX

• 1D: 0.72%
• 1M: -0.14%
• 6M: 14.30%
• YTD: 18.20%
• 1Y: 38.74%
• 3Y*: 26.68%
• 5Y*: 14.46%
• 10Y*: 12.05%

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

DFVIX vs. GIOTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFVIX DFA International Value III Portfolio	12.88%	44.85%	6.86%	17.89%	-3.41%	23.59%	-1.96%	15.85%	-17.29%	26.23%
GIOTX GMO International Developed Equity Allocation Fund	18.20%	43.70%	10.66%	21.03%	-12.41%	11.14%	7.43%	24.45%	-19.66%	26.38%

Correlation

The correlation between DFVIX and GIOTX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.95

The correlation between DFVIX and GIOTX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

DFVIX vs. GIOTX — Risk / Return Rank

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

DFVIX

DFVIX Risk / Return Rank: 84
DFVIX Sharpe Ratio Rank: 85
DFVIX Sortino Ratio Rank: 81
DFVIX Omega Ratio Rank: 79
DFVIX Calmar Ratio Rank: 86
DFVIX Martin Ratio Rank: 87

GIOTX

GIOTX Risk / Return Rank: 87
GIOTX Sharpe Ratio Rank: 88
GIOTX Sortino Ratio Rank: 84
GIOTX Omega Ratio Rank: 83
GIOTX Calmar Ratio Rank: 89
GIOTX Martin Ratio Rank: 90

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.

DFVIX vs. GIOTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA International Value III Portfolio (DFVIX) and GMO International Developed Equity Allocation Fund (GIOTX). 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.

	DFVIX	GIOTX	Difference
Sharpe ratio: Return per unit of total volatility	2.23	2.35	-0.13
Sortino ratio: Return per unit of downside risk	3.07	3.23	-0.16
Omega ratio: Gain probability vs. loss probability	1.40	1.43	-0.03
Calmar ratio: Return relative to maximum drawdown	3.31	3.54	-0.22
Martin ratio: Return relative to average drawdown	12.69	13.70	-1.01

DFVIX vs. GIOTX - Sharpe Ratio Comparison

The current DFVIX Sharpe Ratio is 2.23, which is comparable to the GIOTX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of DFVIX and GIOTX, 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

DFVIX vs. GIOTX - Drawdown Comparison

The maximum DFVIX drawdown since its inception was -66.53%, which is greater than GIOTX's maximum drawdown of -56.51%. Use the drawdown chart below to compare losses from any high point for DFVIX and GIOTX.

Drawdown Indicators

	DFVIX	GIOTX	Difference
Max Drawdown Largest peak-to-trough decline	-66.53%	-56.51%	-10.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.53%	-10.66%	+1.13%
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	-13.40%	-1.28%
Max Drawdown (5Y) Largest decline over 5 years	-25.26%	-28.34%	+3.08%
Max Drawdown (10Y) Largest decline over 10 years	-47.89%	-39.29%	-8.60%
Current Drawdown Current decline from peak	-0.42%	-1.16%	+0.74%
Average Drawdown Average peak-to-trough decline	-12.23%	-14.17%	+1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	2.76%	-0.28%

Volatility

DFVIX vs. GIOTX - Volatility Comparison

The current volatility for DFA International Value III Portfolio (DFVIX) is 4.33%, while GMO International Developed Equity Allocation Fund (GIOTX) has a volatility of 5.59%. This indicates that DFVIX experiences smaller price fluctuations and is considered to be less risky than GIOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFVIX	GIOTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	5.59%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	13.20%	-1.60%
Volatility (1Y) Calculated over the trailing 1-year period	14.20%	16.05%	-1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.45%	15.51%	+0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.75%	16.13%	+1.62%

DFVIX vs. GIOTX - Expense Ratio Comparison

DFVIX has a 0.24% expense ratio, which is higher than GIOTX's 0.00% 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%.

Dividends

DFVIX vs. GIOTX - Dividend Comparison

DFVIX's dividend yield for the trailing twelve months is around 3.83%, less than GIOTX's 8.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFVIX DFA International Value III Portfolio	3.83%	4.09%	4.16%	4.44%	3.82%	7.97%	2.25%	3.53%	6.16%	3.02%	3.43%	5.84%
GIOTX GMO International Developed Equity Allocation Fund	8.62%	8.04%	5.07%	6.54%	4.45%	6.67%	4.48%	3.74%	3.90%	3.15%	4.04%	3.39%

Frequently Asked Questions

Can I hold both DFVIX and GIOTX in my portfolio?

With a correlation of 0.93, DFVIX and GIOTX 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, DFVIX or GIOTX?

GIOTX has higher volatility (5.59%) compared to DFVIX (4.33%). In terms of maximum drawdown, DFVIX dropped -66.53% vs GIOTX's -56.51%.

Which has better risk-adjusted returns?

GIOTX currently has the higher Sharpe Ratio (2.35 vs 2.23), 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.