DRES vs. INVG

Last updated Jun 4, 2026

DRES (GMO Domestic Resilience ETF) and INVG (GMO Systematic Investment Grade Credit ETF) are both exchange-traded funds - DRES is a Mid Cap Blend Equities fund actively managed by GMO, while INVG is a Corporate Bonds fund actively managed by GMO. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. DRES charges 0.50%/yr vs 0.25%/yr for INVG.

Performance

DRES vs. INVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Domestic Resilience ETF (DRES) and GMO Systematic Investment Grade Credit ETF (INVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRES achieves a 20.00% return, which is significantly higher than INVG's 0.68% return.

DRES

• 1D: 0.51%
• 1M: 2.10%
• YTD: 20.00%
• 6M: 18.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

INVG

• 1D: -0.23%
• 1M: 0.73%
• YTD: 0.68%
• 6M: 0.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRES vs. INVG - Yearly Performance Comparison

	2026 (YTD)	2025
DRES GMO Domestic Resilience ETF	20.00%	2.65%
INVG GMO Systematic Investment Grade Credit ETF	0.68%	0.27%

Correlation

The correlation between DRES and INVG is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.34

Return for Risk

DRES vs. INVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Domestic Resilience ETF (DRES) and GMO Systematic Investment Grade Credit ETF (INVG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DRES	INVG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.00	1.23	+0.77

Drawdowns

DRES vs. INVG - Drawdown Comparison

The maximum DRES drawdown since its inception was -10.41%, which is greater than INVG's maximum drawdown of -3.15%. Use the drawdown chart below to compare losses from any high point for DRES and INVG.

Drawdown Indicators

	DRES	INVG	Difference
Max Drawdown Largest peak-to-trough decline	-10.41%	-3.15%	-7.26%
Current Drawdown Current decline from peak	0.00%	-0.88%	+0.88%
Average Drawdown Average peak-to-trough decline	-2.32%	-0.71%	-1.61%

Volatility

Volatility by Period

	DRES	INVG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.37%	4.42%	+13.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	4.42%	+13.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.37%	4.42%	+13.95%

DRES vs. INVG - Expense Ratio Comparison

DRES has a 0.50% expense ratio, which is higher than INVG's 0.25% expense ratio.

Dividends

DRES vs. INVG - Dividend Comparison

DRES's dividend yield for the trailing twelve months is around 0.30%, less than INVG's 4.68% yield.

Position	TTM	2025
DRES GMO Domestic Resilience ETF	0.30%	0.22%
INVG GMO Systematic Investment Grade Credit ETF	4.68%	2.81%

Frequently Asked Questions

Can I hold both DRES and INVG in my portfolio?

DRES and INVG have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRES or INVG?

On fees, INVG is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRES or INVG?

INVG is cheaper with a 0.25% expense ratio, compared with 0.50% for DRES.

Which ETF pays a higher dividend yield, DRES or INVG?

INVG has the higher dividend yield at 4.68%, compared with 0.30% for DRES.

What is the main difference between DRES and INVG?

DRES is categorized as Mid Cap Blend Equities, while INVG is Corporate Bonds. Their fees differ too: 0.50% for DRES and 0.25% for INVG.