INEQ vs. GMOI

Last updated Jul 12, 2026

INEQ (Columbia International Equity Income ETF) and GMOI (GMO International Value ETF) are both Foreign Large Cap Equities funds. INEQ is actively managed, while GMOI is passively managed. Over the past year, INEQ returned 23.14% vs 34.19% for GMOI. Their correlation of 0.91 suggests significant overlap in exposure. INEQ charges 0.45%/yr vs 0.60%/yr for GMOI.

Performance

INEQ vs. GMOI - Performance Comparison

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

Returns By Period

In the year-to-date period, INEQ achieves a 7.86% return, which is significantly lower than GMOI's 14.61% return.

INEQ

• 1D: 1.15%
• 1M: 0.44%
• 6M: 6.75%
• YTD: 7.86%
• 1Y: 23.14%
• 3Y*: 19.56%
• 5Y*: 12.35%
• 10Y*: 9.87%

GMOI

• 1D: 0.74%
• 1M: 0.24%
• 6M: 12.31%
• YTD: 14.61%
• 1Y: 34.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INEQ vs. GMOI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
INEQ Columbia International Equity Income ETF	7.86%	39.85%	-3.67%
GMOI GMO International Value ETF	14.61%	45.64%	-4.48%

Correlation

The correlation between INEQ and GMOI is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.91

The correlation between INEQ and GMOI has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

INEQ vs. GMOI — Risk / Return Rank

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

INEQ

INEQ Risk / Return Rank: 61
INEQ Sharpe Ratio Rank: 63
INEQ Sortino Ratio Rank: 63
INEQ Omega Ratio Rank: 63
INEQ Calmar Ratio Rank: 60
INEQ Martin Ratio Rank: 55

GMOI

GMOI Risk / Return Rank: 90
GMOI Sharpe Ratio Rank: 91
GMOI Sortino Ratio Rank: 91
GMOI Omega Ratio Rank: 89
GMOI Calmar Ratio Rank: 87
GMOI Martin Ratio Rank: 89

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.

INEQ vs. GMOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia International Equity Income ETF (INEQ) and GMO International Value ETF (GMOI). 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.

	INEQ	GMOI	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.49	-0.83
Sortino ratio: Return per unit of downside risk	2.35	3.48	-1.13
Omega ratio: Gain probability vs. loss probability	1.30	1.44	-0.14
Calmar ratio: Return relative to maximum drawdown	2.37	3.98	-1.61
Martin ratio: Return relative to average drawdown	7.67	15.49	-7.83

INEQ vs. GMOI - Sharpe Ratio Comparison

The current INEQ Sharpe Ratio is 1.66, which is lower than the GMOI Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of INEQ and GMOI, 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

INEQ vs. GMOI - Drawdown Comparison

The maximum INEQ drawdown since its inception was -41.71%, which is greater than GMOI's maximum drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for INEQ and GMOI.

Drawdown Indicators

	INEQ	GMOI	Difference
Max Drawdown Largest peak-to-trough decline	-41.71%	-14.67%	-27.04%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	-8.36%	-1.20%
Max Drawdown (3Y) Largest decline over 3 years	-14.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.51%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.71%	—	—
Current Drawdown Current decline from peak	-3.02%	-0.26%	-2.76%
Average Drawdown Average peak-to-trough decline	-7.03%	-1.68%	-5.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.16%	+0.80%

Volatility

INEQ vs. GMOI - Volatility Comparison

Columbia International Equity Income ETF (INEQ) and GMO International Value ETF (GMOI) have volatilities of 3.95% and 3.85%, 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

	INEQ	GMOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	3.85%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	11.33%	10.85%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	13.68%	13.39%	+0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.31%	15.47%	-0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.35%	15.47%	+0.88%

INEQ vs. GMOI - Expense Ratio Comparison

INEQ has a 0.45% expense ratio, which is lower than GMOI's 0.60% expense ratio.

Dividends

INEQ vs. GMOI - Dividend Comparison

INEQ's dividend yield for the trailing twelve months is around 9.68%, more than GMOI's 2.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GMOI GMO International Value ETF	2.79%	2.74%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
INEQ Columbia International Equity Income ETF	9.68%	9.76%	3.11%	3.27%	3.57%	3.43%	2.64%	3.34%	7.25%	4.63%	2.52%

Frequently Asked Questions

Can I hold both INEQ and GMOI in my portfolio?

With a correlation of 0.92, INEQ and GMOI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, INEQ or GMOI?

INEQ has higher volatility (3.95%) compared to GMOI (3.85%). In terms of maximum drawdown, INEQ dropped -41.71% vs GMOI's -14.67%.

Which ETF is better, INEQ or GMOI?

On 1-year performance, GMOI leads with 34.19% vs 23.14% for INEQ. On fees, INEQ is cheaper at 0.45% per year. On volatility, GMOI has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INEQ or GMOI?

Over the 1-year period, GMOI has performed better with a 34.19% return vs 23.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INEQ or GMOI?

INEQ is cheaper with a 0.45% expense ratio, compared with 0.60% for GMOI.

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

INEQ has the higher dividend yield at 9.68%, compared with 2.79% for GMOI.

What is the main difference between INEQ and GMOI?

They also come from different issuers: Columbia Threadneedle and GMO. Their fees differ too: 0.45% for INEQ and 0.60% for GMOI.

Which has better risk-adjusted returns?

GMOI currently has the higher Sharpe Ratio (2.49 vs 1.66), 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.