FGD vs. GMOI

Last updated Jun 13, 2026

FGD (First Trust Dow Jones Global Select Dividend Index Fund) and GMOI (GMO International Value ETF) are both exchange-traded funds - FGD is a Global Equities fund tracking the Dow Jones Global Select Dividend Index, while GMOI is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Value. Both are passively managed. Over the past year, FGD returned 32.81% vs 37.41% for GMOI. Their correlation of 0.85 suggests significant overlap in exposure. FGD charges 0.59%/yr vs 0.60%/yr for GMOI.

Performance

FGD vs. GMOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dow Jones Global Select Dividend Index Fund (FGD) 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, FGD achieves a 12.92% return, which is significantly lower than GMOI's 14.33% return.

FGD

• 1D: 0.35%
• 1M: 1.25%
• YTD: 12.92%
• 6M: 13.97%
• 1Y: 32.81%
• 3Y*: 22.51%
• 5Y*: 10.83%
• 10Y*: 10.39%

GMOI

• 1D: 0.48%
• 1M: 1.10%
• YTD: 14.33%
• 6M: 15.48%
• 1Y: 37.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FGD vs. GMOI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FGD First Trust Dow Jones Global Select Dividend Index Fund	12.92%	44.42%	-4.76%
GMOI GMO International Value ETF	14.33%	45.64%	-4.48%

Correlation

The correlation between FGD and GMOI is 0.84, 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	0.84
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.85

The correlation between FGD and GMOI has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

Return for Risk

FGD vs. GMOI — Risk / Return Rank

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

FGD

FGD Risk / Return Rank: 80
FGD Sharpe Ratio Rank: 87
FGD Sortino Ratio Rank: 86
FGD Omega Ratio Rank: 85
FGD Calmar Ratio Rank: 73
FGD Martin Ratio Rank: 70

GMOI

GMOI Risk / Return Rank: 89
GMOI Sharpe Ratio Rank: 90
GMOI Sortino Ratio Rank: 90
GMOI Omega Ratio Rank: 88
GMOI Calmar Ratio Rank: 87
GMOI Martin Ratio Rank: 88

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.

FGD vs. GMOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Global Select Dividend Index Fund (FGD) 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.

	FGD	GMOI	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.69	-0.22
Sortino ratio: Return per unit of downside risk	3.37	3.70	-0.33
Omega ratio: Gain probability vs. loss probability	1.45	1.47	-0.02
Calmar ratio: Return relative to maximum drawdown	3.23	4.33	-1.10
Martin ratio: Return relative to average drawdown	11.28	17.08	-5.80

FGD vs. GMOI - Sharpe Ratio Comparison

The current FGD Sharpe Ratio is 2.48, which is comparable to the GMOI Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of FGD 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

FGD vs. GMOI - Drawdown Comparison

The maximum FGD drawdown since its inception was -68.05%, which is greater than GMOI's maximum drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for FGD and GMOI.

Drawdown Indicators

	FGD	GMOI	Difference
Max Drawdown Largest peak-to-trough decline	-68.05%	-14.67%	-53.38%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	-8.36%	-1.46%
Max Drawdown (3Y) Largest decline over 3 years	-11.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.84%	—	—
Current Drawdown Current decline from peak	-0.44%	0.00%	-0.44%
Average Drawdown Average peak-to-trough decline	-12.55%	-1.69%	-10.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	2.13%	+0.68%

Volatility

FGD vs. GMOI - Volatility Comparison

The current volatility for First Trust Dow Jones Global Select Dividend Index Fund (FGD) is 3.57%, while GMO International Value ETF (GMOI) has a volatility of 4.15%. This indicates that FGD experiences smaller price fluctuations and is considered to be less risky than GMOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGD	GMOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	4.15%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	9.98%	10.62%	-0.64%
Volatility (1Y) Calculated over the trailing 1-year period	12.81%	13.47%	-0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.95%	15.62%	-0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	15.62%	+2.59%

FGD vs. GMOI - Expense Ratio Comparison

FGD has a 0.59% expense ratio, which is lower than GMOI's 0.60% expense ratio.

Dividends

FGD vs. GMOI - Dividend Comparison

FGD's dividend yield for the trailing twelve months is around 5.01%, more than GMOI's 2.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGD First Trust Dow Jones Global Select Dividend Index Fund	5.01%	5.62%	5.87%	6.44%	5.74%	5.35%	6.17%	5.19%	5.88%	4.01%	4.36%	5.07%
GMOI GMO International Value ETF	2.39%	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 FGD and GMOI in my portfolio?

FGD and GMOI have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGD or GMOI?

GMOI has higher volatility (4.15%) compared to FGD (3.57%). In terms of maximum drawdown, FGD dropped -68.05% vs GMOI's -14.67%.

Which ETF is better, FGD or GMOI?

On 1-year performance, GMOI leads with 37.41% vs 32.81% for FGD. On fees, FGD is cheaper at 0.59% per year. On volatility, FGD has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FGD or GMOI?

Over the 1-year period, GMOI has performed better with a 37.41% return vs 32.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FGD or GMOI?

FGD is cheaper with a 0.59% expense ratio, compared with 0.60% for GMOI.

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

FGD has the higher dividend yield at 5.01%, compared with 2.39% for GMOI.

What is the main difference between FGD and GMOI?

FGD is categorized as Global Equities, while GMOI is Foreign Large Cap Equities. FGD tracks Dow Jones Global Select Dividend Index, while GMOI tracks MSCI World ex USA Value. They also come from different issuers: First Trust and GMO. Their fees differ too: 0.59% for FGD and 0.60% for GMOI.

Which has better risk-adjusted returns?

GMOI currently has the higher Sharpe Ratio (2.69 vs 2.48), 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.