GIOTX vs. DFVIX

Last updated Jul 17, 2026

GIOTX (GMO International Developed Equity Allocation Fund) and DFVIX (DFA International Value III Portfolio) are both Foreign Large Cap Equities funds. Over the past 10 years, GIOTX returned 12.10%/yr vs 12.51%/yr for DFVIX. Their correlation of 0.95 suggests significant overlap in exposure. GIOTX charges 0.00%/yr vs 0.24%/yr for DFVIX.

Performance

GIOTX vs. DFVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO International Developed Equity Allocation Fund (GIOTX) and DFA International Value III Portfolio (DFVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GIOTX achieves a 19.22% return, which is significantly higher than DFVIX's 14.24% return. Both investments have delivered pretty close results over the past 10 years, with GIOTX having a 12.10% annualized return and DFVIX not far ahead at 12.51%.

GIOTX

• 1D: 0.64%
• 1M: 0.17%
• 6M: 14.56%
• YTD: 19.22%
• 1Y: 40.94%
• 3Y*: 26.10%
• 5Y*: 15.03%
• 10Y*: 12.10%

DFVIX

• 1D: 0.62%
• 1M: 1.19%
• 6M: 10.55%
• YTD: 14.24%
• 1Y: 35.12%
• 3Y*: 22.67%
• 5Y*: 16.97%
• 10Y*: 12.51%

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

GIOTX vs. DFVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GIOTX GMO International Developed Equity Allocation Fund	19.22%	43.70%	10.66%	21.03%	-12.41%	11.14%	7.43%	24.45%	-19.66%	26.38%
DFVIX DFA International Value III Portfolio	14.24%	44.85%	6.86%	17.89%	-3.41%	23.59%	-1.96%	15.85%	-17.29%	26.23%

Correlation

The correlation between GIOTX and DFVIX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.95

The correlation between GIOTX and DFVIX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

GIOTX vs. DFVIX — Risk / Return Rank

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

GIOTX

GIOTX Risk / Return Rank: 90
GIOTX Sharpe Ratio Rank: 93
GIOTX Sortino Ratio Rank: 87
GIOTX Omega Ratio Rank: 86
GIOTX Calmar Ratio Rank: 92
GIOTX Martin Ratio Rank: 93

DFVIX

DFVIX Risk / Return Rank: 89
DFVIX Sharpe Ratio Rank: 92
DFVIX Sortino Ratio Rank: 87
DFVIX Omega Ratio Rank: 85
DFVIX Calmar Ratio Rank: 91
DFVIX Martin Ratio Rank: 92

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.

GIOTX vs. DFVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO International Developed Equity Allocation Fund (GIOTX) and DFA International Value III Portfolio (DFVIX). 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.

	GIOTX	DFVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.61	2.54	+0.08
Sortino ratio: Return per unit of downside risk	3.55	3.45	+0.10
Omega ratio: Gain probability vs. loss probability	1.47	1.45	+0.02
Calmar ratio: Return relative to maximum drawdown	3.93	3.77	+0.16
Martin ratio: Return relative to average drawdown	15.19	14.46	+0.74

GIOTX vs. DFVIX - Sharpe Ratio Comparison

The current GIOTX Sharpe Ratio is 2.61, which is comparable to the DFVIX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of GIOTX and DFVIX, 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

GIOTX vs. DFVIX - Drawdown Comparison

The maximum GIOTX drawdown since its inception was -56.51%, smaller than the maximum DFVIX drawdown of -66.53%. Use the drawdown chart below to compare losses from any high point for GIOTX and DFVIX.

Drawdown Indicators

	GIOTX	DFVIX	Difference
Max Drawdown Largest peak-to-trough decline	-56.51%	-66.53%	+10.02%
Max Drawdown (1Y) Largest decline over 1 year	-10.66%	-9.53%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	-13.40%	-14.68%	+1.28%
Max Drawdown (5Y) Largest decline over 5 years	-28.34%	-25.26%	-3.08%
Max Drawdown (10Y) Largest decline over 10 years	-39.29%	-47.89%	+8.60%
Current Drawdown Current decline from peak	-0.31%	0.00%	-0.31%
Average Drawdown Average peak-to-trough decline	-14.16%	-12.23%	-1.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	2.48%	+0.27%

Volatility

GIOTX vs. DFVIX - Volatility Comparison

GMO International Developed Equity Allocation Fund (GIOTX) has a higher volatility of 4.59% compared to DFA International Value III Portfolio (DFVIX) at 3.59%. This indicates that GIOTX's price experiences larger fluctuations and is considered to be riskier than DFVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIOTX	DFVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	3.59%	+1.00%
Volatility (6M) Calculated over the trailing 6-month period	13.25%	11.61%	+1.64%
Volatility (1Y) Calculated over the trailing 1-year period	16.08%	14.20%	+1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.52%	16.46%	-0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.14%	17.75%	-1.61%

GIOTX vs. DFVIX - Expense Ratio Comparison

GIOTX has a 0.00% expense ratio, which is lower than DFVIX's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GIOTX vs. DFVIX - Dividend Comparison

GIOTX's dividend yield for the trailing twelve months is around 8.54%, more than DFVIX's 3.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFVIX DFA International Value III Portfolio	3.79%	4.09%	4.16%	4.44%	3.82%	7.97%	2.25%	3.53%	6.16%	3.02%	3.43%	5.84%
GIOTX GMO International Developed Equity Allocation Fund	8.54%	8.04%	5.07%	6.54%	4.45%	6.67%	4.48%	3.74%	3.90%	3.15%	4.04%	3.39%

Frequently Asked Questions

Can I hold both GIOTX and DFVIX in my portfolio?

With a correlation of 0.93, GIOTX and DFVIX 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, GIOTX or DFVIX?

GIOTX has higher volatility (4.59%) compared to DFVIX (3.59%). In terms of maximum drawdown, GIOTX dropped -56.51% vs DFVIX's -66.53%.

Which has better risk-adjusted returns?

GIOTX currently has the higher Sharpe Ratio (2.61 vs 2.54), 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.