GMOD vs. INVG
GMOD (GMO Dynamic Allocation ETF) and INVG (GMO Systematic Investment Grade Credit ETF) are both exchange-traded funds - GMOD is a Tactical Allocation fund actively managed by GMO, while INVG is a Corporate Bonds fund actively managed by GMO. Both are actively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. GMOD charges 0.50%/yr vs 0.25%/yr for INVG.
Performance
GMOD vs. INVG - Performance Comparison
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Returns By Period
In the year-to-date period, GMOD achieves a 9.44% return, which is significantly higher than INVG's 0.32% return.
GMOD
- 1D
- 0.03%
- 1M
- 1.25%
- 6M
- 5.21%
- YTD
- 9.44%
- 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) |
|---|---|---|---|
| $201.53K | $269.48K | $288.39K | |
| $27.22K | $45.83K | $107.74K |
GMOD vs. INVG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GMOD GMO Dynamic Allocation ETF | 9.44% | 4.35% |
INVG GMO Systematic Investment Grade Credit ETF | 0.32% | 0.20% |
Correlation
The correlation between GMOD and INVG is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.62 |
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Return for Risk
GMOD vs. INVG — Risk / Return Rank
GMOD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
INVG
GMOD vs. INVG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Dynamic Allocation ETF (GMOD) 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.
| GMOD | 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
GMOD vs. INVG - Drawdown Comparison
The maximum GMOD drawdown since its inception was -6.50%, which is greater than INVG's maximum drawdown of -3.15%. Use the drawdown chart below to compare losses from any high point for GMOD and INVG.
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Drawdown Indicators
| GMOD | INVG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.50% | -3.15% | -3.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.15% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.23% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -0.75% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.07% | — |
Volatility
GMOD vs. INVG - Volatility Comparison
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Volatility by Period
| GMOD | 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 | 8.75% | 4.41% | +4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.75% | 4.44% | +4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.75% | 4.44% | +4.31% |
GMOD vs. INVG - Expense Ratio Comparison
GMOD has a 0.50% expense ratio, which is higher than INVG's 0.25% expense ratio.
Dividends
GMOD vs. INVG - Dividend Comparison
GMOD's dividend yield for the trailing twelve months is around 1.34%, less than INVG's 4.87% yield.
| Position | TTM | 2025 |
|---|---|---|
GMOD GMO Dynamic Allocation ETF | 1.34% | 0.93% |
INVG GMO Systematic Investment Grade Credit ETF | 4.87% | 2.81% |
Frequently Asked Questions
GMOD and INVG have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, INVG is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
INVG is cheaper with a 0.25% expense ratio, compared with 0.50% for GMOD.
INVG has the higher dividend yield at 4.87%, compared with 1.34% for GMOD.
GMOD is categorized as Tactical Allocation, while INVG is Corporate Bonds. Their fees differ too: 0.50% for GMOD and 0.25% for INVG.
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