INVG vs. DRES

Last updated Jun 4, 2026

INVG (GMO Systematic Investment Grade Credit ETF) and DRES (GMO Domestic Resilience ETF) are both exchange-traded funds - INVG is a Corporate Bonds fund actively managed by GMO, while DRES is a Mid Cap Blend Equities fund actively managed by GMO. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. INVG charges 0.25%/yr vs 0.50%/yr for DRES.

Performance

INVG vs. DRES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Systematic Investment Grade Credit ETF (INVG) and GMO Domestic Resilience ETF (DRES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INVG achieves a 0.68% return, which is significantly lower than DRES's 20.00% return.

INVG

• 1D: -0.23%
• 1M: 0.73%
• YTD: 0.68%
• 6M: 0.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRES

• 1D: 0.51%
• 1M: 2.10%
• YTD: 20.00%
• 6M: 18.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INVG vs. DRES - Yearly Performance Comparison

	2026 (YTD)	2025
INVG GMO Systematic Investment Grade Credit ETF	0.68%	0.27%
DRES GMO Domestic Resilience ETF	20.00%	2.65%

Correlation

The correlation between INVG and DRES is 0.34, 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 Oct 2, 2025	0.34

Return for Risk

INVG vs. DRES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Systematic Investment Grade Credit ETF (INVG) and GMO Domestic Resilience ETF (DRES). 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.

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

Sharpe Ratios by Period

	INVG	DRES	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	2.00	-0.77

Drawdowns

INVG vs. DRES - Drawdown Comparison

The maximum INVG drawdown since its inception was -3.15%, smaller than the maximum DRES drawdown of -10.41%. Use the drawdown chart below to compare losses from any high point for INVG and DRES.

Drawdown Indicators

	INVG	DRES	Difference
Max Drawdown Largest peak-to-trough decline	-3.15%	-10.41%	+7.26%
Current Drawdown Current decline from peak	-0.88%	0.00%	-0.88%
Average Drawdown Average peak-to-trough decline	-0.71%	-2.32%	+1.61%

Volatility

Volatility by Period

	INVG	DRES	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.42%	18.37%	-13.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.42%	18.37%	-13.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.42%	18.37%	-13.95%

INVG vs. DRES - Expense Ratio Comparison

INVG has a 0.25% expense ratio, which is lower than DRES's 0.50% expense ratio.

Dividends

INVG vs. DRES - Dividend Comparison

INVG's dividend yield for the trailing twelve months is around 4.68%, more than DRES's 0.30% yield.

Position	TTM	2025
DRES GMO Domestic Resilience ETF	0.30%	0.22%
INVG GMO Systematic Investment Grade Credit ETF	4.68%	2.81%

Frequently Asked Questions

Can I hold both INVG and DRES in my portfolio?

INVG and DRES have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INVG or DRES?

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.

Which ETF is cheaper, INVG or DRES?

INVG is cheaper with a 0.25% expense ratio, compared with 0.50% for DRES.

Which ETF pays a higher dividend yield, INVG or DRES?

INVG has the higher dividend yield at 4.68%, compared with 0.30% for DRES.

What is the main difference between INVG and DRES?

INVG is categorized as Corporate Bonds, while DRES is Mid Cap Blend Equities. Their fees differ too: 0.25% for INVG and 0.50% for DRES.