GRIN vs. IDMO

Last updated Jun 23, 2026

GRIN (Grindrod Shipping Holdings Ltd.) is a stock, while IDMO (Invesco S&P International Developed Momentum ETF) is Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Their correlation of 0.84 suggests significant overlap in exposure.

Performance

GRIN vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grindrod Shipping Holdings Ltd. (GRIN) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRIN achieves a 25.41% return, which is significantly higher than IDMO's 12.70% return.

GRIN

• 1D: 0.75%
• 1M: 11.46%
• YTD: 25.41%
• 6M: 24.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IDMO

• 1D: 1.34%
• 1M: 4.29%
• YTD: 12.70%
• 6M: 12.58%
• 1Y: 30.52%
• 3Y*: 27.60%
• 5Y*: 16.54%
• 10Y*: 13.82%

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

GRIN vs. IDMO - Yearly Performance Comparison

	2026 (YTD)	2025
GRIN Grindrod Shipping Holdings Ltd.	25.41%	9.05%
IDMO Invesco S&P International Developed Momentum ETF	12.70%	13.76%

Correlation

The correlation between GRIN and IDMO is 0.84, 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 Jun 26, 2025	0.84

Return for Risk

GRIN vs. IDMO — Risk / Return Rank

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

GRIN

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

IDMO

IDMO Risk / Return Rank: 53
IDMO Sharpe Ratio Rank: 52
IDMO Sortino Ratio Rank: 52
IDMO Omega Ratio Rank: 52
IDMO Calmar Ratio Rank: 52
IDMO Martin Ratio Rank: 59

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.

GRIN vs. IDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grindrod Shipping Holdings Ltd. (GRIN) and Invesco S&P International Developed Momentum ETF (IDMO). 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.

	GRIN	IDMO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.71	—
Sortino ratio: Return per unit of downside risk	—	2.46	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.49	—
Martin ratio: Return relative to average drawdown	—	10.10	—

Drawdowns

GRIN vs. IDMO - Drawdown Comparison

The maximum GRIN drawdown since its inception was -14.30%, smaller than the maximum IDMO drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for GRIN and IDMO.

Drawdown Indicators

	GRIN	IDMO	Difference
Max Drawdown Largest peak-to-trough decline	-14.30%	-39.38%	+25.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.31%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.34%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.35%	-9.73%	+7.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.03%	—

Volatility

Volatility by Period

	GRIN	IDMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.20%	17.95%	+5.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.20%	18.06%	+5.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.20%	18.19%	+5.01%

Dividends

GRIN vs. IDMO - Dividend Comparison

GRIN's dividend yield for the trailing twelve months is around 0.50%, less than IDMO's 4.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GRIN Grindrod Shipping Holdings Ltd.	0.50%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDMO Invesco S&P International Developed Momentum ETF	4.24%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%

Frequently Asked Questions

Can I hold both GRIN and IDMO in my portfolio?

GRIN and IDMO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.