VNIE vs. GMOI

Last updated Jun 23, 2026

VNIE (Vontobel International Equity Active ETF) and GMOI (GMO International Value ETF) are both Foreign Large Cap Equities funds. VNIE is actively managed, while GMOI is passively managed. Over the past year, VNIE returned 4.81% vs 37.44% for GMOI. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.

Performance

VNIE vs. GMOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vontobel International Equity Active ETF (VNIE) 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, VNIE achieves a 7.00% return, which is significantly lower than GMOI's 12.69% return.

VNIE

• 1D: 0.06%
• 1M: 2.57%
• YTD: 7.00%
• 6M: 7.02%
• 1Y: 4.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GMOI

• 1D: -0.08%
• 1M: -0.73%
• YTD: 12.69%
• 6M: 13.04%
• 1Y: 37.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VNIE vs. GMOI - Yearly Performance Comparison

	2026 (YTD)	2025
VNIE Vontobel International Equity Active ETF	7.00%	-1.01%
GMOI GMO International Value ETF	12.69%	24.78%

Correlation

The correlation between VNIE and GMOI is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (All Time) Calculated using the full available price history since May 15, 2025	0.69

The correlation between VNIE and GMOI has been stable across timeframes, ranging from 0.69 to 0.69 - a consistent structural relationship.

Return for Risk

VNIE vs. GMOI — Risk / Return Rank

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

VNIE

VNIE Risk / Return Rank: 12
VNIE Sharpe Ratio Rank: 13
VNIE Sortino Ratio Rank: 12
VNIE Omega Ratio Rank: 12
VNIE Calmar Ratio Rank: 12
VNIE Martin Ratio Rank: 13

GMOI

GMOI Risk / Return Rank: 87
GMOI Sharpe Ratio Rank: 89
GMOI Sortino Ratio Rank: 89
GMOI Omega Ratio Rank: 85
GMOI Calmar Ratio Rank: 85
GMOI Martin Ratio Rank: 87

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.

VNIE vs. GMOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vontobel International Equity Active ETF (VNIE) 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.

	VNIE	GMOI	Difference
Sharpe ratio: Return per unit of total volatility	0.30	2.82	-2.52
Sortino ratio: Return per unit of downside risk	0.53	3.87	-3.34
Omega ratio: Gain probability vs. loss probability	1.07	1.50	-0.43
Calmar ratio: Return relative to maximum drawdown	0.37	4.50	-4.13
Martin ratio: Return relative to average drawdown	0.92	17.76	-16.83

VNIE vs. GMOI - Sharpe Ratio Comparison

The current VNIE Sharpe Ratio is 0.30, which is lower than the GMOI Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of VNIE and GMOI, 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

VNIE vs. GMOI - Drawdown Comparison

The maximum VNIE drawdown since its inception was -13.11%, smaller than the maximum GMOI drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for VNIE and GMOI.

Drawdown Indicators

	VNIE	GMOI	Difference
Max Drawdown Largest peak-to-trough decline	-13.11%	-14.67%	+1.56%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-8.36%	-4.75%
Current Drawdown Current decline from peak	-1.75%	-1.62%	-0.13%
Average Drawdown Average peak-to-trough decline	-4.21%	-1.68%	-2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.21%	2.11%	+3.10%

Volatility

VNIE vs. GMOI - Volatility Comparison

Vontobel International Equity Active ETF (VNIE) has a higher volatility of 5.49% compared to GMO International Value ETF (GMOI) at 3.90%. This indicates that VNIE'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.

Volatility by Period

	VNIE	GMOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	3.90%	+1.59%
Volatility (6M) Calculated over the trailing 6-month period	14.50%	10.61%	+3.89%
Volatility (1Y) Calculated over the trailing 1-year period	16.07%	13.38%	+2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.58%	15.56%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.58%	15.56%	+0.02%

VNIE vs. GMOI - Expense Ratio Comparison

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

Dividends

VNIE vs. GMOI - Dividend Comparison

VNIE's dividend yield for the trailing twelve months is around 0.30%, less than GMOI's 2.43% yield.

Position	TTM	2025	2024
GMOI GMO International Value ETF	2.43%	2.74%	0.54%
VNIE Vontobel International Equity Active ETF	0.30%	0.32%	0.00%

Frequently Asked Questions

Can I hold both VNIE and GMOI in my portfolio?

VNIE and GMOI have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VNIE or GMOI?

VNIE has higher volatility (5.49%) compared to GMOI (3.90%). In terms of maximum drawdown, VNIE dropped -13.11% vs GMOI's -14.67%.

Which ETF is better, VNIE or GMOI?

On 1-year performance, GMOI leads with 37.44% vs 4.81% for VNIE. Both ETFs have the same 0.60% expense ratio. On volatility, GMOI has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VNIE or GMOI?

Over the 1-year period, GMOI has performed better with a 37.44% return vs 4.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VNIE or GMOI?

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

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

GMOI has the higher dividend yield at 2.43%, compared with 0.30% for VNIE.

What is the main difference between VNIE and GMOI?

They also come from different issuers: Vontobel and GMO.

Which has better risk-adjusted returns?

GMOI currently has the higher Sharpe Ratio (2.82 vs 0.30), 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.