PIEL vs. GMOI

Last updated Jun 6, 2026

PIEL (Pacer International Export Leaders ETF) and GMOI (GMO International Value ETF) are both Foreign Large Cap Equities funds - PIEL tracks the Pacer International Export Leaders Index while GMOI tracks the MSCI World ex USA Value. Both are passively managed. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.

Performance

PIEL vs. GMOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer International Export Leaders ETF (PIEL) 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, PIEL achieves a 8.89% return, which is significantly lower than GMOI's 11.76% return.

PIEL

• 1D: -5.07%
• 1M: 0.19%
• YTD: 8.89%
• 6M: —
• 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)

PIEL vs. GMOI - Yearly Performance Comparison

	2026 (YTD)	2025
PIEL Pacer International Export Leaders ETF	8.89%	-0.43%
GMOI GMO International Value ETF	11.76%	-0.30%

Correlation

The correlation between PIEL 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 Dec 24, 2025	0.76

Return for Risk

PIEL 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.

PIEL vs. GMOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer International Export Leaders ETF (PIEL) 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

	PIEL	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	0.83	2.05	-1.21

Drawdowns

PIEL vs. GMOI - Drawdown Comparison

The maximum PIEL drawdown since its inception was -14.67%, roughly equal to the maximum GMOI drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for PIEL and GMOI.

Drawdown Indicators

	PIEL	GMOI	Difference
Max Drawdown Largest peak-to-trough decline	-14.67%	-14.67%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.36%	—
Current Drawdown Current decline from peak	-5.53%	-2.11%	-3.42%
Average Drawdown Average peak-to-trough decline	-3.71%	-1.70%	-2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.11%	—

Volatility

Volatility by Period

	PIEL	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	24.11%	13.31%	+10.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.11%	15.64%	+8.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.11%	15.64%	+8.47%

PIEL vs. GMOI - Expense Ratio Comparison

Both PIEL and GMOI have an expense ratio of 0.60%.

Dividends

PIEL vs. GMOI - Dividend Comparison

PIEL has not paid dividends to shareholders, while GMOI's dividend yield for the trailing twelve months is around 2.45%.

Position	TTM	2025	2024
GMOI GMO International Value ETF	2.45%	2.74%	0.54%
PIEL Pacer International Export Leaders ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PIEL and GMOI in my portfolio?

PIEL 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, PIEL or GMOI?

Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PIEL or GMOI?

PIEL and GMOI have the same expense ratio: 0.60% per year.

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

GMOI has the higher dividend yield at 2.45%, compared with 0.00% for PIEL.

What is the main difference between PIEL and GMOI?

PIEL tracks Pacer International Export Leaders Index, while GMOI tracks MSCI World ex USA Value. They also come from different issuers: Pacer and GMO.