GMOI vs. INVG
GMOI (GMO International Value ETF) and INVG (GMO Systematic Investment Grade Credit ETF) are both exchange-traded funds - GMOI is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Value, while INVG is a Corporate Bonds fund actively managed by GMO. GMOI is passively managed, while INVG is actively managed. Over the past year, GMOI returned 37.64% vs 5.61% for INVG. At a 0.43 correlation, their price movements are largely independent. GMOI charges 0.60%/yr vs 0.25%/yr for INVG.
Performance
GMOI vs. INVG - Performance Comparison
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Returns By Period
In the year-to-date period, GMOI achieves a 13.97% return, which is significantly higher than INVG's 0.87% return.
GMOI
- 1D
- 0.82%
- 1M
- 2.57%
- YTD
- 13.97%
- 6M
- 17.28%
- 1Y
- 37.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INVG
- 1D
- 0.19%
- 1M
- 0.65%
- YTD
- 0.87%
- 6M
- 0.74%
- 1Y
- 5.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GMOI vs. INVG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GMOI GMO International Value ETF | 13.97% | 20.77% |
INVG GMO Systematic Investment Grade Credit ETF | 0.87% | 4.69% |
Correlation
The correlation between GMOI and INVG is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.43 |
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Return for Risk
GMOI vs. INVG — Risk / Return Rank
GMOI
INVG
GMOI vs. INVG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO International Value ETF (GMOI) 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.
| GMOI | INVG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.51 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.52 | — | — |
| Martin ratioReturn relative to average drawdown | 17.89 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GMOI | INVG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.17 | 1.28 | +0.89 |
Drawdowns
GMOI vs. INVG - Drawdown Comparison
The maximum GMOI drawdown since its inception was -14.67%, which is greater than INVG's maximum drawdown of -3.15%. Use the drawdown chart below to compare losses from any high point for GMOI and INVG.
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Drawdown Indicators
| GMOI | INVG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.67% | -3.15% | -11.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -3.15% | -5.21% |
Current DrawdownCurrent decline from peak | -0.18% | -0.69% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -1.70% | -0.71% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | — | — |
Volatility
GMOI vs. INVG - Volatility Comparison
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Volatility by Period
| GMOI | INVG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.15% | 4.42% | +8.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 4.42% | +11.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.58% | 4.42% | +11.16% |
GMOI vs. INVG - Expense Ratio Comparison
GMOI has a 0.60% expense ratio, which is higher than INVG's 0.25% expense ratio.
Dividends
GMOI vs. INVG - Dividend Comparison
GMOI's dividend yield for the trailing twelve months is around 2.40%, less than INVG's 4.67% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GMOI GMO International Value ETF | 2.40% | 2.74% | 0.54% |
INVG GMO Systematic Investment Grade Credit ETF | 4.67% | 2.81% | 0.00% |
Frequently Asked Questions
GMOI and INVG have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, GMOI leads with 37.64% vs 5.61% for INVG. 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.
Over the 1-year period, GMOI has performed better with a 37.64% return vs 5.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
INVG is cheaper with a 0.25% expense ratio, compared with 0.60% for GMOI.
INVG has the higher dividend yield at 4.67%, compared with 2.40% for GMOI.
GMOI is categorized as Foreign Large Cap Equities, while INVG is Corporate Bonds. Their fees differ too: 0.60% for GMOI and 0.25% for INVG.
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