MTRA vs. GMOI

Last updated Jun 6, 2026

MTRA (Invesco International Growth Focus ETF) and GMOI (GMO International Value ETF) are both Foreign Large Cap Equities funds. A 0.76 correlation means they provide meaningful diversification when combined. MTRA charges 0.54%/yr vs 0.60%/yr for GMOI.

Performance

MTRA vs. GMOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco International Growth Focus ETF (MTRA) 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, MTRA achieves a -1.53% return, which is significantly lower than GMOI's 11.76% return.

MTRA

• 1D: -4.59%
• 1M: -3.34%
• YTD: -1.53%
• 6M: -1.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GMOI

• 1D: -1.93%
• 1M: -1.37%
• YTD: 11.76%
• 6M: 15.15%
• 1Y: 34.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MTRA vs. GMOI - Yearly Performance Comparison

	2026 (YTD)	2025
MTRA Invesco International Growth Focus ETF	-1.53%	4.90%
GMOI GMO International Value ETF	11.76%	20.10%

Correlation

The correlation between MTRA and GMOI is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.76

Return for Risk

MTRA 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: 83
GMOI Sharpe Ratio Rank: 85
GMOI Sortino Ratio Rank: 84
GMOI Omega Ratio Rank: 81
GMOI Calmar Ratio Rank: 82
GMOI Martin Ratio Rank: 84

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.

MTRA vs. GMOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco International Growth Focus ETF (MTRA) 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

	MTRA	GMOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	2.05	-1.86

Drawdowns

MTRA vs. GMOI - Drawdown Comparison

The maximum MTRA drawdown since its inception was -15.77%, which is greater than GMOI's maximum drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for MTRA and GMOI.

Drawdown Indicators

	MTRA	GMOI	Difference
Max Drawdown Largest peak-to-trough decline	-15.77%	-14.67%	-1.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.36%	—
Current Drawdown Current decline from peak	-6.85%	-2.11%	-4.74%
Average Drawdown Average peak-to-trough decline	-3.81%	-1.70%	-2.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.11%	—

Volatility

Volatility by Period

	MTRA	GMOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.79%	13.31%	+4.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.79%	15.64%	+2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.79%	15.64%	+2.15%

MTRA vs. GMOI - Expense Ratio Comparison

MTRA has a 0.54% expense ratio, which is lower than GMOI's 0.60% expense ratio.

Dividends

MTRA vs. GMOI - Dividend Comparison

MTRA's dividend yield for the trailing twelve months is around 0.70%, less than GMOI's 2.45% yield.

Position	TTM	2025	2024
GMOI GMO International Value ETF	2.45%	2.74%	0.54%
MTRA Invesco International Growth Focus ETF	0.70%	0.69%	0.00%

Frequently Asked Questions

Can I hold both MTRA and GMOI in my portfolio?

MTRA and GMOI have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MTRA or GMOI?

On fees, MTRA is cheaper at 0.54% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MTRA or GMOI?

MTRA is cheaper with a 0.54% expense ratio, compared with 0.60% for GMOI.

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

GMOI has the higher dividend yield at 2.45%, compared with 0.70% for MTRA.

What is the main difference between MTRA and GMOI?

They also come from different issuers: Invesco and GMO. Their fees differ too: 0.54% for MTRA and 0.60% for GMOI.