VIDGX vs. GTMIX

Last updated Jun 26, 2026

VIDGX (Vanguard International Dividend Growth Fund) and GTMIX (GMO Tax-Managed International Equities Fund) are both Foreign Large Cap Equities funds. Over the past year, VIDGX returned 6.00% vs 35.86% for GTMIX. Their correlation of 0.82 suggests significant overlap in exposure. VIDGX charges 0.55%/yr vs 0.68%/yr for GTMIX.

Performance

VIDGX vs. GTMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International Dividend Growth Fund (VIDGX) and GMO Tax-Managed International Equities Fund (GTMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIDGX achieves a 2.05% return, which is significantly lower than GTMIX's 11.65% return.

VIDGX

• 1D: 0.59%
• 1M: -0.08%
• YTD: 2.05%
• 6M: 1.53%
• 1Y: 6.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GTMIX

• 1D: -0.44%
• 1M: -2.61%
• YTD: 11.65%
• 6M: 11.31%
• 1Y: 35.86%
• 3Y*: 21.30%
• 5Y*: 10.80%
• 10Y*: 10.63%

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

VIDGX vs. GTMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VIDGX Vanguard International Dividend Growth Fund	2.05%	18.76%	-1.06%	5.99%
GTMIX GMO Tax-Managed International Equities Fund	11.65%	46.17%	1.54%	9.88%

Correlation

The correlation between VIDGX and GTMIX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023	0.82

The correlation between VIDGX and GTMIX has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

Return for Risk

VIDGX vs. GTMIX — Risk / Return Rank

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

VIDGX

VIDGX Risk / Return Rank: 7
VIDGX Sharpe Ratio Rank: 7
VIDGX Sortino Ratio Rank: 7
VIDGX Omega Ratio Rank: 7
VIDGX Calmar Ratio Rank: 7
VIDGX Martin Ratio Rank: 7

GTMIX

GTMIX Risk / Return Rank: 91
GTMIX Sharpe Ratio Rank: 93
GTMIX Sortino Ratio Rank: 89
GTMIX Omega Ratio Rank: 85
GTMIX Calmar Ratio Rank: 93
GTMIX Martin Ratio Rank: 93

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.

VIDGX vs. GTMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International Dividend Growth Fund (VIDGX) and GMO Tax-Managed International Equities Fund (GTMIX). 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.

	VIDGX	GTMIX	Difference
Sharpe ratio: Return per unit of total volatility	0.39	2.72	-2.34
Sortino ratio: Return per unit of downside risk	0.63	3.78	-3.16
Omega ratio: Gain probability vs. loss probability	1.08	1.49	-0.41
Calmar ratio: Return relative to maximum drawdown	0.42	4.49	-4.06
Martin ratio: Return relative to average drawdown	1.27	17.22	-15.95

VIDGX vs. GTMIX - Sharpe Ratio Comparison

The current VIDGX Sharpe Ratio is 0.39, which is lower than the GTMIX Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of VIDGX and GTMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VIDGX vs. GTMIX - Drawdown Comparison

The maximum VIDGX drawdown since its inception was -14.09%, smaller than the maximum GTMIX drawdown of -58.31%. Use the drawdown chart below to compare losses from any high point for VIDGX and GTMIX.

Drawdown Indicators

	VIDGX	GTMIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.09%	-58.31%	+44.22%
Max Drawdown (1Y) Largest decline over 1 year	-12.25%	-7.90%	-4.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.11%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.32%	—
Current Drawdown Current decline from peak	-5.38%	-2.87%	-2.51%
Average Drawdown Average peak-to-trough decline	-3.47%	-12.65%	+9.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	2.06%	+2.03%

Volatility

VIDGX vs. GTMIX - Volatility Comparison

Vanguard International Dividend Growth Fund (VIDGX) and GMO Tax-Managed International Equities Fund (GTMIX) have volatilities of 3.39% and 3.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIDGX	GTMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	3.55%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	10.58%	10.00%	+0.58%
Volatility (1Y) Calculated over the trailing 1-year period	13.47%	13.03%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.93%	14.93%	-2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.93%	15.81%	-2.88%

VIDGX vs. GTMIX - Expense Ratio Comparison

VIDGX has a 0.55% expense ratio, which is lower than GTMIX's 0.68% expense ratio.

Dividends

VIDGX vs. GTMIX - Dividend Comparison

VIDGX's dividend yield for the trailing twelve months is around 1.71%, less than GTMIX's 15.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GTMIX GMO Tax-Managed International Equities Fund	15.98%	22.43%	5.94%	0.36%	5.44%	16.55%	2.25%	4.13%	7.25%	2.96%	4.05%	3.26%
VIDGX Vanguard International Dividend Growth Fund	1.71%	1.74%	4.16%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VIDGX and GTMIX in my portfolio?

VIDGX and GTMIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIDGX or GTMIX?

GTMIX has higher volatility (3.55%) compared to VIDGX (3.39%). In terms of maximum drawdown, VIDGX dropped -14.09% vs GTMIX's -58.31%.

Which has better risk-adjusted returns?

GTMIX currently has the higher Sharpe Ratio (2.72 vs 0.39), 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.