DIVI vs. GMOI

Last updated Jun 24, 2026

DIVI (Franklin International Core Dividend Tilt Index ETF) and GMOI (GMO International Value ETF) are both Foreign Large Cap Equities funds - DIVI tracks the Morningstar Developed Markets ex-North America Dividend Enhanced Select Index while GMOI tracks the MSCI World ex USA Value. Both are passively managed. Over the past year, DIVI returned 26.90% vs 35.21% for GMOI. Their correlation of 0.91 suggests significant overlap in exposure. DIVI charges 0.09%/yr vs 0.60%/yr for GMOI.

Performance

DIVI vs. GMOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin International Core Dividend Tilt Index ETF (DIVI) 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, DIVI achieves a 10.71% return, which is significantly lower than GMOI's 11.52% return.

DIVI

• 1D: -2.01%
• 1M: -0.05%
• YTD: 10.71%
• 6M: 10.37%
• 1Y: 26.90%
• 3Y*: 18.25%
• 5Y*: 13.30%
• 10Y*: 11.73%

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)

DIVI vs. GMOI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DIVI Franklin International Core Dividend Tilt Index ETF	10.71%	34.86%	-5.19%
GMOI GMO International Value ETF	11.52%	45.64%	-4.48%

Correlation

The correlation between DIVI and GMOI is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.91

The correlation between DIVI and GMOI has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

Return for Risk

DIVI vs. GMOI — Risk / Return Rank

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

DIVI

DIVI Risk / Return Rank: 54
DIVI Sharpe Ratio Rank: 54
DIVI Sortino Ratio Rank: 53
DIVI Omega Ratio Rank: 52
DIVI Calmar Ratio Rank: 54
DIVI Martin Ratio Rank: 58

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.

DIVI vs. GMOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin International Core Dividend Tilt Index ETF (DIVI) 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.

	DIVI	GMOI	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.64	-0.88
Sortino ratio: Return per unit of downside risk	2.46	3.65	-1.19
Omega ratio: Gain probability vs. loss probability	1.31	1.47	-0.15
Calmar ratio: Return relative to maximum drawdown	2.56	4.23	-1.66
Martin ratio: Return relative to average drawdown	9.86	16.65	-6.79

DIVI vs. GMOI - Sharpe Ratio Comparison

The current DIVI Sharpe Ratio is 1.76, which is lower than the GMOI Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of DIVI 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

DIVI vs. GMOI - Drawdown Comparison

The maximum DIVI drawdown since its inception was -27.76%, which is greater than GMOI's maximum drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for DIVI and GMOI.

Drawdown Indicators

	DIVI	GMOI	Difference
Max Drawdown Largest peak-to-trough decline	-27.76%	-14.67%	-13.09%
Max Drawdown (1Y) Largest decline over 1 year	-10.54%	-8.36%	-2.18%
Max Drawdown (3Y) Largest decline over 3 years	-14.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.76%	—	—
Current Drawdown Current decline from peak	-2.01%	-2.63%	+0.62%
Average Drawdown Average peak-to-trough decline	-3.62%	-1.69%	-1.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.12%	+0.61%

Volatility

DIVI vs. GMOI - Volatility Comparison

Franklin International Core Dividend Tilt Index ETF (DIVI) has a higher volatility of 5.19% compared to GMO International Value ETF (GMOI) at 3.99%. This indicates that DIVI'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

	DIVI	GMOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	3.99%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	12.95%	10.67%	+2.28%
Volatility (1Y) Calculated over the trailing 1-year period	15.34%	13.40%	+1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.43%	15.57%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.36%	15.57%	+0.79%

DIVI vs. GMOI - Expense Ratio Comparison

DIVI has a 0.09% expense ratio, which is lower than GMOI's 0.60% expense ratio.

Dividends

DIVI vs. GMOI - Dividend Comparison

DIVI's dividend yield for the trailing twelve months is around 2.05%, less than GMOI's 2.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIVI Franklin International Core Dividend Tilt Index ETF	2.05%	3.76%	4.39%	3.17%	6.03%	2.77%	8.04%	1.61%	5.67%	5.22%	11.56%
GMOI GMO International Value ETF	2.45%	2.74%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIVI and GMOI in my portfolio?

With a correlation of 0.91, DIVI 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, DIVI or GMOI?

DIVI has higher volatility (5.19%) compared to GMOI (3.99%). In terms of maximum drawdown, DIVI dropped -27.76% vs GMOI's -14.67%.

Which ETF is better, DIVI or GMOI?

On 1-year performance, GMOI leads with 35.21% vs 26.90% for DIVI. On fees, DIVI is cheaper at 0.09% 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, DIVI or GMOI?

Over the 1-year period, GMOI has performed better with a 35.21% return vs 26.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVI or GMOI?

DIVI is cheaper with a 0.09% expense ratio, compared with 0.60% for GMOI.

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

GMOI has the higher dividend yield at 2.45%, compared with 2.05% for DIVI.

What is the main difference between DIVI and GMOI?

DIVI tracks Morningstar Developed Markets ex-North America Dividend Enhanced Select Index, while GMOI tracks MSCI World ex USA Value. They also come from different issuers: Franklin Templeton and GMO. Their fees differ too: 0.09% for DIVI and 0.60% for GMOI.

Which has better risk-adjusted returns?

GMOI currently has the higher Sharpe Ratio (2.64 vs 1.76), 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.