GMOI vs. FID

Last updated Jun 5, 2026

GMOI (GMO International Value ETF) and FID (First Trust S&P International Dividend Aristocrats ETF) are both Foreign Large Cap Equities funds - GMOI tracks the MSCI World ex USA Value while FID tracks the S&P International Dividend Aristocrats Index. Both are passively managed. Over the past year, GMOI returned 37.64% vs 22.92% for FID. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.

Performance

GMOI vs. FID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO International Value ETF (GMOI) and First Trust S&P International Dividend Aristocrats ETF (FID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMOI achieves a 13.97% return, which is significantly higher than FID's 9.08% return.

GMOI

• 1D: 0.82%
• 1M: 2.57%
• YTD: 13.97%
• 6M: 17.28%
• 1Y: 37.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FID

• 1D: 0.47%
• 1M: 2.45%
• YTD: 9.08%
• 6M: 11.36%
• 1Y: 22.92%
• 3Y*: 17.77%
• 5Y*: 7.84%
• 10Y*: —

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

GMOI vs. FID - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GMOI GMO International Value ETF	13.97%	45.64%	-4.57%
FID First Trust S&P International Dividend Aristocrats ETF	9.08%	32.07%	-3.90%

Correlation

The correlation between GMOI and FID is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024	0.77

The correlation between GMOI and FID has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

Return for Risk

GMOI vs. FID — Risk / Return Rank

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

GMOI

GMOI Risk / Return Rank: 86
GMOI Sharpe Ratio Rank: 87
GMOI Sortino Ratio Rank: 88
GMOI Omega Ratio Rank: 85
GMOI Calmar Ratio Rank: 84
GMOI Martin Ratio Rank: 86

FID

FID Risk / Return Rank: 63
FID Sharpe Ratio Rank: 71
FID Sortino Ratio Rank: 72
FID Omega Ratio Rank: 69
FID Calmar Ratio Rank: 53
FID Martin Ratio Rank: 53

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.

GMOI vs. FID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO International Value ETF (GMOI) and First Trust S&P International Dividend Aristocrats ETF (FID). 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.

	GMOI	FID	Difference
Sharpe ratio: Return per unit of total volatility	2.88	2.27	+0.61
Sortino ratio: Return per unit of downside risk	3.94	3.22	+0.72
Omega ratio: Gain probability vs. loss probability	1.51	1.40	+0.10
Calmar ratio: Return relative to maximum drawdown	4.52	2.58	+1.94
Martin ratio: Return relative to average drawdown	17.89	9.00	+8.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMOI vs. FID - Sharpe Ratio Comparison

The current GMOI Sharpe Ratio is 2.88, which is comparable to the FID Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of GMOI and FID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GMOI	FID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	2.27	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	0.40	+1.77

Drawdowns

GMOI vs. FID - Drawdown Comparison

The maximum GMOI drawdown since its inception was -14.67%, smaller than the maximum FID drawdown of -39.79%. Use the drawdown chart below to compare losses from any high point for GMOI and FID.

Drawdown Indicators

	GMOI	FID	Difference
Max Drawdown Largest peak-to-trough decline	-14.67%	-39.79%	+25.12%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	-8.93%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.13%	—
Current Drawdown Current decline from peak	-0.18%	-0.64%	+0.46%
Average Drawdown Average peak-to-trough decline	-1.70%	-8.47%	+6.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	2.55%	-0.44%

Volatility

GMOI vs. FID - Volatility Comparison

GMO International Value ETF (GMOI) has a higher volatility of 3.88% compared to First Trust S&P International Dividend Aristocrats ETF (FID) at 2.98%. This indicates that GMOI's price experiences larger fluctuations and is considered to be riskier than FID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMOI	FID	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	2.98%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	10.29%	8.13%	+2.16%
Volatility (1Y) Calculated over the trailing 1-year period	13.15%	10.16%	+2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.58%	17.04%	-1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.58%	18.95%	-3.37%

GMOI vs. FID - Expense Ratio Comparison

Both GMOI and FID have an expense ratio of 0.60%.

Dividends

GMOI vs. FID - Dividend Comparison

GMOI's dividend yield for the trailing twelve months is around 2.40%, less than FID's 4.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FID First Trust S&P International Dividend Aristocrats ETF	4.00%	4.30%	4.31%	4.19%	4.22%	3.76%	3.91%	3.70%	1.74%
GMOI GMO International Value ETF	2.40%	2.74%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GMOI and FID in my portfolio?

GMOI and FID have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GMOI or FID?

GMOI has higher volatility (3.88%) compared to FID (2.98%). In terms of maximum drawdown, GMOI dropped -14.67% vs FID's -39.79%.

Which ETF is better, GMOI or FID?

On 1-year performance, GMOI leads with 37.64% vs 22.92% for FID. Both ETFs have the same 0.60% expense ratio. On volatility, FID has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMOI or FID?

Over the 1-year period, GMOI has performed better with a 37.64% return vs 22.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMOI or FID?

GMOI and FID have the same expense ratio: 0.60% per year.

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

FID has the higher dividend yield at 4.00%, compared with 2.40% for GMOI.

What is the main difference between GMOI and FID?

GMOI tracks MSCI World ex USA Value, while FID tracks S&P International Dividend Aristocrats Index. They also come from different issuers: GMO and First Trust.

Which has better risk-adjusted returns?

GMOI currently has the higher Sharpe Ratio (2.88 vs 2.27), 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.