IVSI vs. GMOI

Last updated Jun 5, 2026

IVSI (Applied Finance IVS International Large ETF) and GMOI (GMO International Value ETF) are both Foreign Large Cap Equities funds. IVSI is actively managed, while GMOI is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. IVSI charges 0.65%/yr vs 0.60%/yr for GMOI.

Performance

IVSI vs. GMOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Finance IVS International Large ETF (IVSI) 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, IVSI achieves a 10.48% return, which is significantly lower than GMOI's 13.97% return.

IVSI

• 1D: 1.18%
• 1M: 3.23%
• YTD: 10.48%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GMOI

• 1D: 0.82%
• 1M: 2.57%
• YTD: 13.97%
• 6M: 17.28%
• 1Y: 37.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVSI vs. GMOI - Yearly Performance Comparison

	2026 (YTD)	2025
IVSI Applied Finance IVS International Large ETF	10.48%	0.53%
GMOI GMO International Value ETF	13.97%	0.59%

Correlation

The correlation between IVSI and GMOI is 0.91, 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 Dec 12, 2025	0.91

Return for Risk

IVSI 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: 86
GMOI Sharpe Ratio Rank: 87
GMOI Sortino Ratio Rank: 88
GMOI Omega Ratio Rank: 85
GMOI Calmar Ratio Rank: 84
GMOI Martin Ratio Rank: 86

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.

IVSI vs. GMOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Finance IVS International Large ETF (IVSI) 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

	IVSI	GMOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.41	2.17	-0.76

Drawdowns

IVSI vs. GMOI - Drawdown Comparison

The maximum IVSI drawdown since its inception was -11.73%, smaller than the maximum GMOI drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for IVSI and GMOI.

Drawdown Indicators

	IVSI	GMOI	Difference
Max Drawdown Largest peak-to-trough decline	-11.73%	-14.67%	+2.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.36%	—
Current Drawdown Current decline from peak	-0.46%	-0.18%	-0.28%
Average Drawdown Average peak-to-trough decline	-2.59%	-1.70%	-0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.11%	—

Volatility

Volatility by Period

	IVSI	GMOI	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	17.79%	13.15%	+4.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.79%	15.58%	+2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.79%	15.58%	+2.21%

IVSI vs. GMOI - Expense Ratio Comparison

IVSI has a 0.65% expense ratio, which is higher than GMOI's 0.60% expense ratio.

Dividends

IVSI vs. GMOI - Dividend Comparison

IVSI's dividend yield for the trailing twelve months is around 0.04%, less than GMOI's 2.40% yield.

Position	TTM	2025	2024
GMOI GMO International Value ETF	2.40%	2.74%	0.54%
IVSI Applied Finance IVS International Large ETF	0.04%	0.04%	0.00%

Frequently Asked Questions

Can I hold both IVSI and GMOI in my portfolio?

With a correlation of 0.91, IVSI 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 ETF is better, IVSI or GMOI?

On fees, GMOI is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVSI or GMOI?

GMOI is cheaper with a 0.60% expense ratio, compared with 0.65% for IVSI.

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

GMOI has the higher dividend yield at 2.40%, compared with 0.04% for IVSI.

What is the main difference between IVSI and GMOI?

They also come from different issuers: Applied Finance and GMO. Their fees differ too: 0.65% for IVSI and 0.60% for GMOI.