GMOI vs. EWJV
GMOI (GMO International Value ETF) and EWJV (iShares MSCI Japan Value ETF) are both exchange-traded funds - GMOI is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Value, while EWJV is a Japan Equities fund tracking the MSCI Japan Value Index. Both are passively managed. Over the past year, GMOI returned 42.70% vs 38.59% for EWJV. Their 0.74 correlation means they have sometimes moved together and sometimes differently. GMOI charges 0.60%/yr vs 0.15%/yr for EWJV.
Performance
GMOI vs. EWJV - Performance Comparison
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Returns By Period
In the year-to-date period, GMOI achieves a 20.56% return, which is significantly higher than EWJV's 18.63% return.
GMOI
- 1D
- -0.84%
- 1M
- 5.97%
- 6M
- 13.54%
- YTD
- 20.56%
- 1Y
- 42.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 34.33%
EWJV
- 1D
- -0.93%
- 1M
- 3.26%
- 6M
- 10.80%
- YTD
- 18.63%
- 1Y
- 38.59%
- 3Y*
- 23.29%
- 5Y*
- 15.16%
- 10Y*
- —
- ALL TIME*
- 12.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.65M | $10.31M | $8.29M | |
| $7.55M | $4.55M | $3.04M |
GMOI vs. EWJV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GMOI GMO International Value ETF | 20.56% | 45.64% | -4.48% |
EWJV iShares MSCI Japan Value ETF | 18.63% | 33.96% | 2.72% |
Correlation
The correlation between GMOI and EWJV is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.74 |
The correlation between GMOI and EWJV has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.
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Return for Risk
GMOI vs. EWJV — Risk / Return Rank
GMOI
EWJV
GMOI vs. EWJV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO International Value ETF (GMOI) and iShares MSCI Japan Value ETF (EWJV). 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.
| GMOI | EWJV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.38 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 5.05 | 2.75 | +2.30 |
| Martin ratioReturn relative to average drawdown | 20.38 | 8.02 | +12.36 |
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Drawdowns
GMOI vs. EWJV - Drawdown Comparison
The maximum GMOI drawdown since its inception was -14.67%, smaller than the maximum EWJV drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for GMOI and EWJV.
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Drawdown Indicators
| GMOI | EWJV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.67% | -30.05% | +15.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -14.74% | +6.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.39% | — |
Current DrawdownCurrent decline from peak | -0.84% | -0.94% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -6.14% | +4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 5.05% | -2.98% |
Volatility
GMOI vs. EWJV - Volatility Comparison
The current volatility for GMO International Value ETF (GMOI) is 3.78%, while iShares MSCI Japan Value ETF (EWJV) has a volatility of 6.05%. This indicates that GMOI experiences smaller price fluctuations and is considered to be less risky than EWJV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMOI | EWJV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 6.05% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 15.73% | -4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 19.21% | -6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 18.13% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 18.57% | -3.18% |
GMOI vs. EWJV - Expense Ratio Comparison
GMOI has a 0.60% expense ratio, which is higher than EWJV's 0.15% expense ratio.
Dividends
GMOI vs. EWJV - Dividend Comparison
GMOI's dividend yield for the trailing twelve months is around 2.65%, less than EWJV's 4.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EWJV iShares MSCI Japan Value ETF | 4.79% | 5.35% | 4.10% | 3.32% | 2.71% | 2.46% | 1.96% | 4.29% |
GMOI GMO International Value ETF | 2.65% | 2.74% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GMOI and EWJV have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWJV has higher volatility (6.05%) compared to GMOI (3.78%). In terms of maximum drawdown, GMOI dropped -14.67% vs EWJV's -30.05%.
On 1-year performance, GMOI leads with 42.70% vs 38.59% for EWJV. On fees, EWJV is cheaper at 0.15% per year. On volatility, GMOI has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GMOI has performed better with a 42.70% return vs 38.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EWJV is cheaper with a 0.15% expense ratio, compared with 0.60% for GMOI.
EWJV has the higher dividend yield at 4.79%, compared with 2.65% for GMOI.
GMOI is categorized as Foreign Large Cap Equities, while EWJV is Japan Equities. GMOI tracks MSCI World ex USA Value, while EWJV tracks MSCI Japan Value Index. They also come from different issuers: GMO and iShares. Their fees differ too: 0.60% for GMOI and 0.15% for EWJV.
GMOI currently has the higher Sharpe Ratio (3.23 vs 2.11), 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.
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