GMOI vs SPY
GMO International Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GMOI or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. GMOI led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GMOI | SPY |
|---|---|---|
| Expense Ratio | 0.60% | 0.09%Best |
| AUM | $669M | $811.2B |
| Dividend Yield | 2.59% | 0.98% |
| Holdings | 185 | 1,515 |
| YTD Return | +15.66%Best | +12.70% |
| 1Y Return | +26.93%Best | +15.53% |
| 3Y Return (annualized) | - | +22.86% |
| 5Y Return (annualized) | - | +13.47% |
| Volatility (annualized) | 11.6%Best | 12.6% |
| Max Drawdown | -14.7%Best | -18.8% |
| $10,000 over 1.9 years | $16,175Best | $13,391 |
| Fund Family | GMO | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Oct 28, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 29, 2024 to Oct 1, 2026 (1.9 years).
GMOI vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
GMOI vs SPY Performance
GMO International Value ETF (GMOI) is an ETF from GMO and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GMOI returned +26.93% while SPY returned +15.53%. Year to date, GMOI is up 15.66% versus a gain of 12.70% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 11.6% for GMOI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.7% for GMOI and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.24. They move largely independently of each other.
Fees and Cost Over Time
GMOI charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, GMOI currently yields 2.59% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 173 holdings in GMOI and 504 in SPY, totalling 93.3% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 173 positions we hold weights for in GMOI and 504 in SPY, against full books of 185 and 1,515.
You are not choosing between two funds in isolation.
Whichever of GMOI and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GMOI or SPY?
GMOI has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, GMOI or SPY?
Over the past year GMOI returned +26.93% vs +15.53% for SPY, so GMOI leads on 1-year performance. Over the longest common window we track (2 years), GMOI annualized +28.80% vs +16.61% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GMOI or SPY?
SPY has been the more volatile fund at 12.6% annualized versus 11.6% for GMOI. Worst drawdown: GMOI -14.7% vs SPY -18.8%.
Should I hold both GMOI and SPY?
GMOI and SPY have a monthly-return correlation of 0.24, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GMOI or SPY?
GMOI yields 2.59% while SPY yields 0.98%, so GMOI currently pays the higher dividend yield.
Is SPY better than GMOI?
SPY has a lower expense ratio. GMOI led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.