EFAD vs. GMOI

Last updated Jun 24, 2026

EFAD (ProShares MSCI EAFE Dividend Growers ETF) and GMOI (GMO International Value ETF) are both Foreign Large Cap Equities funds - EFAD tracks the MSCI EAFE Dividend Masters Index while GMOI tracks the MSCI World ex USA Value. Both are passively managed. Over the past year, EFAD returned 2.64% vs 35.21% for GMOI. A 0.80 correlation means they provide meaningful diversification when combined. EFAD charges 0.50%/yr vs 0.60%/yr for GMOI.

Performance

EFAD vs. GMOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI EAFE Dividend Growers ETF (EFAD) 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, EFAD achieves a 1.48% return, which is significantly lower than GMOI's 11.52% return.

EFAD

• 1D: -0.99%
• 1M: -0.62%
• YTD: 1.48%
• 6M: 1.02%
• 1Y: 2.64%
• 3Y*: 7.29%
• 5Y*: 0.63%
• 10Y*: 4.65%

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)

EFAD vs. GMOI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EFAD ProShares MSCI EAFE Dividend Growers ETF	1.48%	15.87%	-6.16%
GMOI GMO International Value ETF	11.52%	45.64%	-4.48%

Correlation

The correlation between EFAD and GMOI is 0.79, 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	0.79
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.80

The correlation between EFAD and GMOI has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.

Return for Risk

EFAD vs. GMOI — Risk / Return Rank

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

EFAD

EFAD Risk / Return Rank: 11
EFAD Sharpe Ratio Rank: 11
EFAD Sortino Ratio Rank: 10
EFAD Omega Ratio Rank: 10
EFAD Calmar Ratio Rank: 11
EFAD Martin Ratio Rank: 13

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.

EFAD vs. GMOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI EAFE Dividend Growers ETF (EFAD) 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.

	EFAD	GMOI	Difference
Sharpe ratio: Return per unit of total volatility	0.20	2.64	-2.44
Sortino ratio: Return per unit of downside risk	0.37	3.65	-3.28
Omega ratio: Gain probability vs. loss probability	1.04	1.47	-0.42
Calmar ratio: Return relative to maximum drawdown	0.26	4.23	-3.97
Martin ratio: Return relative to average drawdown	0.85	16.65	-15.80

EFAD vs. GMOI - Sharpe Ratio Comparison

The current EFAD Sharpe Ratio is 0.20, which is lower than the GMOI Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of EFAD 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

EFAD vs. GMOI - Drawdown Comparison

The maximum EFAD drawdown since its inception was -35.74%, which is greater than GMOI's maximum drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for EFAD and GMOI.

Drawdown Indicators

	EFAD	GMOI	Difference
Max Drawdown Largest peak-to-trough decline	-35.74%	-14.67%	-21.07%
Max Drawdown (1Y) Largest decline over 1 year	-10.18%	-8.36%	-1.82%
Max Drawdown (3Y) Largest decline over 3 years	-13.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.74%	—	—
Current Drawdown Current decline from peak	-4.17%	-2.63%	-1.54%
Average Drawdown Average peak-to-trough decline	-10.37%	-1.69%	-8.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.12%	+1.01%

Volatility

EFAD vs. GMOI - Volatility Comparison

ProShares MSCI EAFE Dividend Growers ETF (EFAD) and GMO International Value ETF (GMOI) have volatilities of 3.97% and 3.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EFAD	GMOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	3.99%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	11.11%	10.67%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	13.53%	13.40%	+0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.45%	15.57%	-1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.43%	15.57%	-0.14%

EFAD vs. GMOI - Expense Ratio Comparison

EFAD has a 0.50% expense ratio, which is lower than GMOI's 0.60% expense ratio.

Dividends

EFAD vs. GMOI - Dividend Comparison

EFAD's dividend yield for the trailing twelve months is around 2.84%, more than GMOI's 2.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EFAD ProShares MSCI EAFE Dividend Growers ETF	2.84%	2.83%	2.64%	2.29%	1.76%	2.98%	1.49%	2.05%	2.37%	2.42%	2.88%	1.94%
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

Can I hold both EFAD and GMOI in my portfolio?

EFAD and GMOI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EFAD or GMOI?

GMOI has higher volatility (3.99%) compared to EFAD (3.97%). In terms of maximum drawdown, EFAD dropped -35.74% vs GMOI's -14.67%.

Which ETF is better, EFAD or GMOI?

On 1-year performance, GMOI leads with 35.21% vs 2.64% for EFAD. On fees, EFAD is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EFAD or GMOI?

Over the 1-year period, GMOI has performed better with a 35.21% return vs 2.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EFAD or GMOI?

EFAD is cheaper with a 0.50% expense ratio, compared with 0.60% for GMOI.

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

EFAD has the higher dividend yield at 2.84%, compared with 2.45% for GMOI.

What is the main difference between EFAD and GMOI?

EFAD tracks MSCI EAFE Dividend Masters Index, while GMOI tracks MSCI World ex USA Value. They also come from different issuers: ProShares and GMO. Their fees differ too: 0.50% for EFAD and 0.60% for GMOI.

Which has better risk-adjusted returns?

GMOI currently has the higher Sharpe Ratio (2.64 vs 0.20), 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.