TLTE vs. GMOI
TLTE (FlexShares Morningstar Emerging Markets Factor Tilt Index) and GMOI (GMO International Value ETF) are both exchange-traded funds - TLTE is a Emerging Markets Equities fund tracking the Morningstar Emerging Markets Factor Tilt Index, while GMOI is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Value. Both are passively managed. Over the past year, TLTE returned 30.47% vs 42.85% for GMOI. Their 0.62 correlation means they have sometimes moved together and sometimes differently. TLTE charges 0.59%/yr vs 0.60%/yr for GMOI.
Performance
TLTE vs. GMOI - Performance Comparison
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Returns By Period
In the year-to-date period, TLTE achieves a 15.71% return, which is significantly lower than GMOI's 20.68% return.
TLTE
- 1D
- 0.91%
- 1M
- -1.41%
- 6M
- 6.23%
- YTD
- 15.71%
- 1Y
- 30.47%
- 3Y*
- 17.77%
- 5Y*
- 7.25%
- 10Y*
- 7.90%
- ALL TIME*
- 5.51%
GMOI
- 1D
- 0.10%
- 1M
- 6.07%
- 6M
- 13.00%
- YTD
- 20.68%
- 1Y
- 42.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 34.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.04M | $4.71M | $3.16M | |
| $291.32K | $272.95K | $346.48K |
TLTE vs. GMOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index | 15.71% | 30.21% | -5.84% |
GMOI GMO International Value ETF | 20.68% | 45.64% | -4.48% |
Correlation
The correlation between TLTE and GMOI is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.62 |
The correlation between TLTE and GMOI has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
TLTE vs. GMOI — Risk / Return Rank
TLTE
GMOI
TLTE vs. GMOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TLTE | GMOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.58 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 5.15 | -2.80 |
| Martin ratioReturn relative to average drawdown | 7.13 | 20.75 | -13.62 |
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Drawdowns
TLTE vs. GMOI - Drawdown Comparison
The maximum TLTE drawdown since its inception was -44.21%, which is greater than GMOI's maximum drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for TLTE and GMOI.
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Drawdown Indicators
| TLTE | GMOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.21% | -14.67% | -29.54% |
Max Drawdown (1Y)Largest decline over 1 year | -13.04% | -8.36% | -4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -17.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.21% | — | — |
Current DrawdownCurrent decline from peak | -8.55% | -0.74% | -7.81% |
Average DrawdownAverage peak-to-trough decline | -12.08% | -1.63% | -10.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 2.07% | +2.22% |
Volatility
TLTE vs. GMOI - Volatility Comparison
FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) has a higher volatility of 8.36% compared to GMO International Value ETF (GMOI) at 3.53%. This indicates that TLTE's price experiences larger fluctuations and is considered to be riskier than GMOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLTE | GMOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 3.53% | +4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 20.72% | 10.72% | +10.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.54% | 13.11% | +9.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 15.37% | +2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.73% | 15.37% | +3.36% |
TLTE vs. GMOI - Expense Ratio Comparison
TLTE has a 0.59% expense ratio, which is lower than GMOI's 0.60% expense ratio.
Dividends
TLTE vs. GMOI - Dividend Comparison
TLTE's dividend yield for the trailing twelve months is around 3.38%, more than GMOI's 2.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMOI GMO International Value ETF | 2.65% | 2.74% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index | 3.38% | 3.76% | 3.73% | 4.03% | 4.42% | 3.21% | 1.95% | 3.23% | 3.02% | 2.12% | 2.30% | 2.00% |
Frequently Asked Questions
TLTE and GMOI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLTE has higher volatility (8.36%) compared to GMOI (3.53%). In terms of maximum drawdown, TLTE dropped -44.21% vs GMOI's -14.67%.
On 1-year performance, GMOI leads with 42.85% vs 30.47% for TLTE. On fees, TLTE is cheaper at 0.59% per year. On volatility, GMOI has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GMOI has performed better with a 42.85% return vs 30.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLTE is cheaper with a 0.59% expense ratio, compared with 0.60% for GMOI.
TLTE has the higher dividend yield at 3.38%, compared with 2.65% for GMOI.
TLTE is categorized as Emerging Markets Equities, while GMOI is Foreign Large Cap Equities. TLTE tracks Morningstar Emerging Markets Factor Tilt Index, while GMOI tracks MSCI World ex USA Value. They also come from different issuers: Northern Trust and GMO. Their fees differ too: 0.59% for TLTE and 0.60% for GMOI.
GMOI currently has the higher Sharpe Ratio (3.29 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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