ECH vs. GMOI
ECH (iShares MSCI Chile ETF) and GMOI (GMO International Value ETF) are both Foreign Large Cap Equities funds - ECH tracks the MSCI Chile Investable Market Index while GMOI tracks the MSCI World ex USA Value. Both are passively managed. Over the past year, ECH returned 35.27% vs 35.21% for GMOI. A 0.55 correlation means they provide meaningful diversification when combined. ECH charges 0.59%/yr vs 0.60%/yr for GMOI.
Performance
ECH vs. GMOI - Performance Comparison
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Returns By Period
In the year-to-date period, ECH achieves a 0.19% return, which is significantly lower than GMOI's 11.52% return.
ECH
- 1D
- -2.38%
- 1M
- 0.47%
- YTD
- 0.19%
- 6M
- 1.60%
- 1Y
- 35.27%
- 3Y*
- 14.56%
- 5Y*
- 10.67%
- 10Y*
- 4.49%
GMOI
- 1D
- -1.03%
- 1M
- -1.76%
- YTD
- 11.52%
- 6M
- 11.19%
- 1Y
- 35.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ECH vs. GMOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ECH iShares MSCI Chile ETF | 0.19% | 65.41% | -6.26% |
GMOI GMO International Value ETF | 11.52% | 45.64% | -4.48% |
Correlation
The correlation between ECH and GMOI is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.55 |
The correlation between ECH and GMOI has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.
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Return for Risk
ECH vs. GMOI — Risk / Return Rank
ECH
GMOI
ECH vs. GMOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Chile ETF (ECH) 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.
| ECH | GMOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.47 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 4.23 | -2.43 |
| Martin ratioReturn relative to average drawdown | 4.20 | 16.65 | -12.45 |
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Drawdowns
ECH vs. GMOI - Drawdown Comparison
The maximum ECH drawdown since its inception was -74.08%, which is greater than GMOI's maximum drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for ECH and GMOI.
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Drawdown Indicators
| ECH | GMOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.08% | -14.67% | -59.41% |
Max Drawdown (1Y)Largest decline over 1 year | -19.74% | -8.36% | -11.38% |
Max Drawdown (3Y)Largest decline over 3 years | -25.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.89% | — | — |
Current DrawdownCurrent decline from peak | -25.55% | -2.63% | -22.92% |
Average DrawdownAverage peak-to-trough decline | -37.48% | -1.69% | -35.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 2.12% | +6.30% |
Volatility
ECH vs. GMOI - Volatility Comparison
iShares MSCI Chile ETF (ECH) has a higher volatility of 8.96% compared to GMO International Value ETF (GMOI) at 3.99%. This indicates that ECH'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
| ECH | GMOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.96% | 3.99% | +4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 21.27% | 10.67% | +10.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.61% | 13.40% | +12.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.64% | 15.57% | +12.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.24% | 15.57% | +11.67% |
ECH vs. GMOI - Expense Ratio Comparison
ECH has a 0.59% expense ratio, which is lower than GMOI's 0.60% expense ratio.
Dividends
ECH vs. GMOI - Dividend Comparison
ECH's dividend yield for the trailing twelve months is around 1.97%, less than GMOI's 2.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECH iShares MSCI Chile ETF | 1.97% | 2.01% | 3.12% | 4.77% | 6.73% | 5.49% | 2.16% | 2.47% | 2.37% | 1.42% | 1.85% | 2.13% |
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% | 0.00% |
Frequently Asked Questions
ECH and GMOI have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECH has higher volatility (8.96%) compared to GMOI (3.99%). In terms of maximum drawdown, ECH dropped -74.08% vs GMOI's -14.67%.
On 1-year performance, ECH leads with 35.27% vs 35.21% for GMOI. On fees, ECH is cheaper at 0.59% 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.
Over the 1-year period, ECH has performed better with a 35.27% return vs 35.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ECH is cheaper with a 0.59% expense ratio, compared with 0.60% for GMOI.
GMOI has the higher dividend yield at 2.45%, compared with 1.97% for ECH.
ECH tracks MSCI Chile Investable Market Index, while GMOI tracks MSCI World ex USA Value. They also come from different issuers: iShares and GMO. Their fees differ too: 0.59% for ECH and 0.60% for GMOI.
GMOI currently has the higher Sharpe Ratio (2.64 vs 1.38), 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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