GMOD vs. GMGEX

Last updated Jul 17, 2026

GMOD (GMO Dynamic Allocation ETF) and GMGEX (GMO Global Equity Allocation Fund) are both funds - GMOD is a Tactical Allocation fund actively managed by GMO, while GMGEX is a Global Equities fund managed by GMO. Their correlation of 0.94 suggests significant overlap in exposure. GMOD charges 0.50%/yr vs 0.01%/yr for GMGEX.

Performance

GMOD vs. GMGEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Dynamic Allocation ETF (GMOD) and GMO Global Equity Allocation Fund (GMGEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMOD achieves a 7.50% return, which is significantly lower than GMGEX's 18.79% return.

GMOD

• 1D: -0.20%
• 1M: -0.29%
• 6M: 5.04%
• YTD: 7.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GMGEX

• 1D: 0.46%
• 1M: -0.09%
• 6M: 13.69%
• YTD: 18.79%
• 1Y: 36.31%
• 3Y*: 19.54%
• 5Y*: 10.59%
• 10Y*: 11.21%

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

GMOD vs. GMGEX - Yearly Performance Comparison

	2026 (YTD)	2025
GMOD GMO Dynamic Allocation ETF	7.50%	4.35%
GMGEX GMO Global Equity Allocation Fund	18.79%	7.73%

Correlation

The correlation between GMOD and GMGEX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.94

Return for Risk

GMOD vs. GMGEX — Risk / Return Rank

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

GMOD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GMGEX

GMGEX Risk / Return Rank: 92
GMGEX Sharpe Ratio Rank: 95
GMGEX Sortino Ratio Rank: 90
GMGEX Omega Ratio Rank: 88
GMGEX Calmar Ratio Rank: 92
GMGEX Martin Ratio Rank: 93

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.

GMOD vs. GMGEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Dynamic Allocation ETF (GMOD) and GMO Global Equity Allocation Fund (GMGEX). 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.

	GMOD	GMGEX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.77	—
Sortino ratio: Return per unit of downside risk	—	3.76	—
Omega ratio: Gain probability vs. loss probability	—	1.51	—
Calmar ratio: Return relative to maximum drawdown	—	4.00	—
Martin ratio: Return relative to average drawdown	—	15.32	—

Drawdowns

GMOD vs. GMGEX - Drawdown Comparison

The maximum GMOD drawdown since its inception was -6.50%, smaller than the maximum GMGEX drawdown of -58.47%. Use the drawdown chart below to compare losses from any high point for GMOD and GMGEX.

Drawdown Indicators

	GMOD	GMGEX	Difference
Max Drawdown Largest peak-to-trough decline	-6.50%	-58.47%	+51.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.24%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.98%	—
Current Drawdown Current decline from peak	-0.55%	-0.88%	+0.33%
Average Drawdown Average peak-to-trough decline	-1.09%	-16.69%	+15.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.41%	—

Volatility

Volatility by Period

	GMOD	GMGEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.83%	13.37%	-4.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.83%	14.90%	-6.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.83%	15.95%	-7.12%

GMOD vs. GMGEX - Expense Ratio Comparison

GMOD has a 0.50% expense ratio, which is higher than GMGEX's 0.01% expense ratio.

Dividends

GMOD vs. GMGEX - Dividend Comparison

GMOD's dividend yield for the trailing twelve months is around 1.37%, less than GMGEX's 3.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMGEX GMO Global Equity Allocation Fund	3.98%	4.69%	0.29%	5.62%	7.81%	7.76%	3.83%	3.14%	3.14%	2.90%	3.71%	4.20%
GMOD GMO Dynamic Allocation ETF	1.37%	0.93%	0.00%	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 GMOD and GMGEX in my portfolio?

With a correlation of 0.94, GMOD and GMGEX 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.