GMOC vs. INVG
GMOC (GMO Ultra-Short Income ETF) and INVG (GMO Systematic Investment Grade Credit ETF) are both exchange-traded funds - GMOC is a Ultrashort Bond fund actively managed by GMO, while INVG is a Corporate Bonds fund actively managed by GMO. Both are actively managed. Their 0.13 correlation means their historical movements had little consistent relationship. GMOC charges 0.20%/yr vs 0.25%/yr for INVG.
Performance
GMOC vs. INVG - Performance Comparison
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Returns By Period
In the year-to-date period, GMOC achieves a 2.40% return, which is significantly higher than INVG's 0.32% return.
GMOC
- 1D
- -0.01%
- 1M
- 0.39%
- 6M
- 2.03%
- YTD
- 2.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
INVG
- 1D
- 0.02%
- 1M
- -0.83%
- 6M
- 0.01%
- YTD
- 0.32%
- 1Y
- 2.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.74K | $15.56K | $274.85K | |
| $27.22K | $45.83K | $107.74K |
GMOC vs. INVG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GMOC GMO Ultra-Short Income ETF | 2.40% | 0.70% |
INVG GMO Systematic Investment Grade Credit ETF | 0.32% | -0.82% |
Correlation
The correlation between GMOC and INVG is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025 | 0.13 |
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Return for Risk
GMOC vs. INVG — Risk / Return Rank
GMOC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
INVG
GMOC vs. INVG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Ultra-Short Income ETF (GMOC) 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.
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.
| GMOC | INVG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.10 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.83 | — |
| Martin ratioReturn relative to average drawdown | — | 2.45 | — |
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Drawdowns
GMOC vs. INVG - Drawdown Comparison
The maximum GMOC drawdown since its inception was -0.14%, smaller than the maximum INVG drawdown of -3.15%. Use the drawdown chart below to compare losses from any high point for GMOC and INVG.
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Drawdown Indicators
| GMOC | INVG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.14% | -3.15% | +3.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.15% | — |
Current DrawdownCurrent decline from peak | -0.01% | -1.23% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -0.75% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.07% | — |
Volatility
GMOC vs. INVG - Volatility Comparison
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Volatility by Period
| GMOC | INVG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.54% | 4.41% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.54% | 4.44% | -3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.54% | 4.44% | -3.90% |
GMOC vs. INVG - Expense Ratio Comparison
GMOC has a 0.20% expense ratio, which is lower than INVG's 0.25% 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
GMOC vs. INVG - Dividend Comparison
GMOC's dividend yield for the trailing twelve months is around 2.98%, less than INVG's 4.87% yield.
| Position | TTM | 2025 |
|---|---|---|
GMOC GMO Ultra-Short Income ETF | 2.98% | 0.84% |
INVG GMO Systematic Investment Grade Credit ETF | 4.87% | 2.81% |
Frequently Asked Questions
GMOC and INVG have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GMOC is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GMOC is cheaper with a 0.20% expense ratio, compared with 0.25% for INVG.
INVG has the higher dividend yield at 4.87%, compared with 2.98% for GMOC.
GMOC is categorized as Ultrashort Bond, while INVG is Corporate Bonds. Their fees differ too: 0.20% for GMOC and 0.25% for INVG.
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