INVG vs. GMOI

Last updated Jun 3, 2026

INVG (GMO Systematic Investment Grade Credit ETF) and GMOI (GMO International Value ETF) are both exchange-traded funds - INVG is a Corporate Bonds fund actively managed by GMO, while GMOI is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Value. INVG is actively managed, while GMOI is passively managed. At a 0.43 correlation, their price movements are largely independent. INVG charges 0.25%/yr vs 0.60%/yr for GMOI.

Performance

INVG vs. GMOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Systematic Investment Grade Credit ETF (INVG) 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, INVG achieves a 0.90% return, which is significantly lower than GMOI's 13.88% return.

INVG

• 1D: 0.04%
• 1M: 0.68%
• YTD: 0.90%
• 6M: 0.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GMOI

• 1D: 1.06%
• 1M: 1.97%
• YTD: 13.88%
• 6M: 18.41%
• 1Y: 36.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INVG vs. GMOI - Yearly Performance Comparison

	2026 (YTD)	2025
INVG GMO Systematic Investment Grade Credit ETF	0.90%	4.69%
GMOI GMO International Value ETF	13.88%	20.77%

Correlation

The correlation between INVG and GMOI 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

Return for Risk

INVG vs. GMOI — Risk / Return Rank

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

GMOI

GMOI Risk / Return Rank: 84
GMOI Sharpe Ratio Rank: 84
GMOI Sortino Ratio Rank: 84
GMOI Omega Ratio Rank: 81
GMOI Calmar Ratio Rank: 84
GMOI Martin Ratio Rank: 85

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.

INVG vs. GMOI - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	INVG	GMOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	2.17	-0.88

Drawdowns

INVG vs. GMOI - Drawdown Comparison

The maximum INVG drawdown since its inception was -3.15%, smaller than the maximum GMOI drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for INVG and GMOI.

Drawdown Indicators

	INVG	GMOI	Difference
Max Drawdown Largest peak-to-trough decline	-3.15%	-14.67%	+11.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.36%	—
Current Drawdown Current decline from peak	-0.66%	-0.26%	-0.40%
Average Drawdown Average peak-to-trough decline	-0.71%	-1.71%	+1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.11%	—

Volatility

Volatility by Period

	INVG	GMOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.43%	13.15%	-8.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.43%	15.59%	-11.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.43%	15.59%	-11.16%

INVG vs. GMOI - Expense Ratio Comparison

INVG has a 0.25% expense ratio, which is lower than GMOI's 0.60% expense ratio.

Dividends

INVG vs. GMOI - Dividend Comparison

INVG's dividend yield for the trailing twelve months is around 4.67%, more than GMOI's 2.40% 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

Can I hold both INVG and GMOI in my portfolio?

INVG and GMOI 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.

Which ETF is better, INVG or GMOI?

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 GMOI?

INVG is cheaper with a 0.25% expense ratio, compared with 0.60% for GMOI.

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

INVG has the higher dividend yield at 4.67%, compared with 2.40% for GMOI.

What is the main difference between INVG and GMOI?

INVG is categorized as Corporate Bonds, while GMOI is Foreign Large Cap Equities. Their fees differ too: 0.25% for INVG and 0.60% for GMOI.