GMOI vs. GMOD

Last updated Jul 14, 2026

GMOI (GMO International Value ETF) and GMOD (GMO Dynamic Allocation ETF) are both exchange-traded funds - GMOI is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Value, while GMOD is a Tactical Allocation fund actively managed by GMO. GMOI is passively managed, while GMOD is actively managed. Their correlation of 0.85 suggests significant overlap in exposure. GMOI charges 0.60%/yr vs 0.50%/yr for GMOD.

Performance

GMOI vs. GMOD - Performance Comparison

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

Returns By Period

In the year-to-date period, GMOI achieves a 14.58% return, which is significantly higher than GMOD's 7.11% return.

GMOI

• 1D: -0.03%
• 1M: 0.21%
• 6M: 11.78%
• YTD: 14.58%
• 1Y: 34.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GMOD

• 1D: -0.60%
• 1M: -0.23%
• 6M: 4.70%
• YTD: 7.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMOI vs. GMOD - Yearly Performance Comparison

	2026 (YTD)	2025
GMOI GMO International Value ETF	14.58%	10.55%
GMOD GMO Dynamic Allocation ETF	7.11%	4.35%

Correlation

The correlation between GMOI and GMOD is 0.85, 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	0.85

Return for Risk

GMOI vs. GMOD — Risk / Return Rank

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

GMOI

GMOI Risk / Return Rank: 91
GMOI Sharpe Ratio Rank: 92
GMOI Sortino Ratio Rank: 92
GMOI Omega Ratio Rank: 90
GMOI Calmar Ratio Rank: 88
GMOI Martin Ratio Rank: 90

GMOD

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

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. GMOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO International Value ETF (GMOI) and GMO Dynamic Allocation ETF (GMOD). 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	GMOD	Difference
Sharpe ratio: Return per unit of total volatility	2.57	—	—
Sortino ratio: Return per unit of downside risk	3.58	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	4.10	—	—
Martin ratio: Return relative to average drawdown	15.98	—	—

Drawdowns

GMOI vs. GMOD - Drawdown Comparison

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

Drawdown Indicators

	GMOI	GMOD	Difference
Max Drawdown Largest peak-to-trough decline	-14.67%	-6.50%	-8.17%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	—	—
Current Drawdown Current decline from peak	-0.29%	-0.90%	+0.61%
Average Drawdown Average peak-to-trough decline	-1.68%	-1.10%	-0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	—	—

Volatility

Volatility by Period

	GMOI	GMOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.39%	8.89%	+4.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	8.89%	+6.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	8.89%	+6.56%

GMOI vs. GMOD - Expense Ratio Comparison

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

Dividends

GMOI vs. GMOD - Dividend Comparison

GMOI's dividend yield for the trailing twelve months is around 2.79%, more than GMOD's 1.37% yield.

Position	TTM	2025	2024
GMOD GMO Dynamic Allocation ETF	1.37%	0.93%	0.00%
GMOI GMO International Value ETF	2.79%	2.74%	0.54%

Frequently Asked Questions

Can I hold both GMOI and GMOD in my portfolio?

GMOI and GMOD have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMOI or GMOD?

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, GMOI or GMOD?

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

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

GMOI has the higher dividend yield at 2.79%, compared with 1.37% for GMOD.

What is the main difference between GMOI and GMOD?

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