GMOI vs. IFLO

Last updated Jul 17, 2026

GMOI (GMO International Value ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds. Over the past year, GMOI returned 37.37% vs 33.19% for IFLO. Their correlation of 0.86 suggests significant overlap in exposure. GMOI charges 0.60%/yr vs 0.56%/yr for IFLO.

Performance

GMOI vs. IFLO - Performance Comparison

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

Returns By Period

In the year-to-date period, GMOI achieves a 16.01% return, which is significantly lower than IFLO's 18.60% return.

GMOI

• 1D: -0.21%
• 1M: 1.29%
• 6M: 12.66%
• YTD: 16.01%
• 1Y: 37.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IFLO

• 1D: -0.26%
• 1M: -1.46%
• 6M: 15.69%
• YTD: 18.60%
• 1Y: 33.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMOI vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
GMOI GMO International Value ETF	16.01%	20.90%
IFLO VictoryShares International Free Cash Flow ETF	18.60%	13.12%

Correlation

The correlation between GMOI and IFLO is 0.86, 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	0.86
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.86

The correlation between GMOI and IFLO has been stable across timeframes, ranging from 0.86 to 0.86 - a consistent structural relationship.

Return for Risk

GMOI vs. IFLO — Risk / Return Rank

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

GMOI

GMOI Risk / Return Rank: 93
GMOI Sharpe Ratio Rank: 94
GMOI Sortino Ratio Rank: 94
GMOI Omega Ratio Rank: 92
GMOI Calmar Ratio Rank: 91
GMOI Martin Ratio Rank: 92

IFLO

IFLO Risk / Return Rank: 90
IFLO Sharpe Ratio Rank: 88
IFLO Sortino Ratio Rank: 89
IFLO Omega Ratio Rank: 86
IFLO Calmar Ratio Rank: 93
IFLO Martin Ratio Rank: 92

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. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO International Value ETF (GMOI) and VictoryShares International Free Cash Flow ETF (IFLO). 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	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	2.82	2.29	+0.53
Sortino ratio: Return per unit of downside risk	3.91	3.33	+0.58
Omega ratio: Gain probability vs. loss probability	1.50	1.41	+0.09
Calmar ratio: Return relative to maximum drawdown	4.49	5.18	-0.69
Martin ratio: Return relative to average drawdown	17.52	17.40	+0.11

GMOI vs. IFLO - Sharpe Ratio Comparison

The current GMOI Sharpe Ratio is 2.82, which is comparable to the IFLO Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of GMOI and IFLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GMOI vs. IFLO - Drawdown Comparison

The maximum GMOI drawdown since its inception was -14.67%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for GMOI and IFLO.

Drawdown Indicators

	GMOI	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-14.67%	-6.44%	-8.23%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	-6.44%	-1.92%
Current Drawdown Current decline from peak	-0.21%	-1.99%	+1.78%
Average Drawdown Average peak-to-trough decline	-1.67%	-1.29%	-0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	1.91%	+0.23%

Volatility

GMOI vs. IFLO - Volatility Comparison

GMO International Value ETF (GMOI) and VictoryShares International Free Cash Flow ETF (IFLO) have volatilities of 3.29% and 3.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMOI	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	3.21%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	10.86%	12.02%	-1.16%
Volatility (1Y) Calculated over the trailing 1-year period	13.31%	14.56%	-1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	14.53%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.41%	14.53%	+0.88%

GMOI vs. IFLO - Expense Ratio Comparison

GMOI has a 0.60% expense ratio, which is higher than IFLO's 0.56% expense ratio.

Dividends

GMOI vs. IFLO - Dividend Comparison

GMOI's dividend yield for the trailing twelve months is around 2.76%, more than IFLO's 1.57% yield.

Position	TTM	2025	2024
GMOI GMO International Value ETF	2.76%	2.74%	0.54%
IFLO VictoryShares International Free Cash Flow ETF	1.57%	0.73%	0.00%

Frequently Asked Questions

Can I hold both GMOI and IFLO in my portfolio?

GMOI and IFLO have a correlation of 0.86, 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 IFLO?

GMOI has higher volatility (3.29%) compared to IFLO (3.21%). In terms of maximum drawdown, GMOI dropped -14.67% vs IFLO's -6.44%.

Which ETF is better, GMOI or IFLO?

On 1-year performance, GMOI leads with 37.37% vs 33.19% for IFLO. On fees, IFLO is cheaper at 0.56% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMOI or IFLO?

Over the 1-year period, GMOI has performed better with a 37.37% return vs 33.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMOI or IFLO?

IFLO is cheaper with a 0.56% expense ratio, compared with 0.60% for GMOI.

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

GMOI has the higher dividend yield at 2.76%, compared with 1.57% for IFLO.

What is the main difference between GMOI and IFLO?

They also come from different issuers: GMO and VictoryShares. Their fees differ too: 0.60% for GMOI and 0.56% for IFLO.

Which has better risk-adjusted returns?

GMOI currently has the higher Sharpe Ratio (2.82 vs 2.29), 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.