GMOD vs. GMOI

Last updated Jun 6, 2026

GMOD (GMO Dynamic Allocation ETF) and GMOI (GMO International Value ETF) are both exchange-traded funds - GMOD is a Tactical Allocation fund actively managed by GMO, while GMOI is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Value. GMOD is actively managed, while GMOI is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. GMOD charges 0.50%/yr vs 0.60%/yr for GMOI.

Performance

GMOD vs. GMOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Dynamic Allocation ETF (GMOD) 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, GMOD achieves a 5.74% return, which is significantly lower than GMOI's 11.76% return.

GMOD

• 1D: -1.79%
• 1M: -1.01%
• YTD: 5.74%
• 6M: 6.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GMOI

• 1D: -1.93%
• 1M: -1.37%
• YTD: 11.76%
• 6M: 15.15%
• 1Y: 34.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMOD vs. GMOI - Yearly Performance Comparison

	2026 (YTD)	2025
GMOD GMO Dynamic Allocation ETF	5.74%	3.87%
GMOI GMO International Value ETF	11.76%	9.94%

Correlation

The correlation between GMOD and GMOI is 0.88, 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 15, 2025	0.88

Return for Risk

GMOD vs. GMOI — Risk / Return Rank

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

GMOI

GMOI Risk / Return Rank: 83
GMOI Sharpe Ratio Rank: 85
GMOI Sortino Ratio Rank: 84
GMOI Omega Ratio Rank: 81
GMOI Calmar Ratio Rank: 82
GMOI Martin Ratio Rank: 84

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. GMOI - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	GMOD	GMOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	2.05	-0.27

Drawdowns

GMOD vs. GMOI - Drawdown Comparison

The maximum GMOD drawdown since its inception was -6.50%, smaller than the maximum GMOI drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for GMOD and GMOI.

Drawdown Indicators

	GMOD	GMOI	Difference
Max Drawdown Largest peak-to-trough decline	-6.50%	-14.67%	+8.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.36%	—
Current Drawdown Current decline from peak	-1.83%	-2.11%	+0.28%
Average Drawdown Average peak-to-trough decline	-1.16%	-1.70%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.11%	—

Volatility

Volatility by Period

	GMOD	GMOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.95%	13.31%	-4.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.95%	15.64%	-6.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.95%	15.64%	-6.69%

GMOD vs. GMOI - Expense Ratio Comparison

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

Dividends

GMOD vs. GMOI - Dividend Comparison

GMOD's dividend yield for the trailing twelve months is around 0.88%, less than GMOI's 2.45% yield.

Position	TTM	2025	2024
GMOD GMO Dynamic Allocation ETF	0.88%	0.93%	0.00%
GMOI GMO International Value ETF	2.45%	2.74%	0.54%

Frequently Asked Questions

Can I hold both GMOD and GMOI in my portfolio?

GMOD and GMOI have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMOD or GMOI?

On fees, GMOD is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GMOD or GMOI?

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

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

GMOI has the higher dividend yield at 2.45%, compared with 0.88% for GMOD.

What is the main difference between GMOD and GMOI?

GMOD is categorized as Tactical Allocation, while GMOI is Foreign Large Cap Equities. Their fees differ too: 0.50% for GMOD and 0.60% for GMOI.