GLCR vs. RSMV

Last updated Jun 4, 2026

GLCR (GlacierShares Nasdaq Iceland ETF) and RSMV (Relative Strength Managed Volatility Strategy ETF) are both exchange-traded funds - GLCR is a Europe Equities fund tracking the MarketVector Iceland Global Total Return Net Index, while RSMV is a Large Cap Growth Equities fund actively managed by Teucrium. GLCR is passively managed, while RSMV is actively managed. Over the past year, GLCR returned -7.32% vs 25.46% for RSMV. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

GLCR vs. RSMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GlacierShares Nasdaq Iceland ETF (GLCR) and Relative Strength Managed Volatility Strategy ETF (RSMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLCR achieves a -10.49% return, which is significantly lower than RSMV's 8.93% return.

GLCR

• 1D: -0.67%
• 1M: -9.07%
• YTD: -10.49%
• 6M: -3.88%
• 1Y: -7.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSMV

• 1D: -0.83%
• 1M: 7.76%
• YTD: 8.93%
• 6M: 9.49%
• 1Y: 25.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLCR vs. RSMV - Yearly Performance Comparison

	2026 (YTD)	2025
GLCR GlacierShares Nasdaq Iceland ETF	-10.49%	8.04%
RSMV Relative Strength Managed Volatility Strategy ETF	8.93%	14.93%

Correlation

The correlation between GLCR and RSMV is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025	0.45

GLCR vs. RSMV - Sectors Allocation Comparison

Sectors	GLCR	RSMV
Financial Services	32.2%	33.9%
Consumer Defensive	21.2%	9.8%
Healthcare	20.2%	2.5%
Real Estate	7.6%	-
Industrials	6.0%	2.8%
Consumer Cyclical	5.8%	5.4%
Basic Materials	5.6%	2.6%
Communication Services	1.5%	5.1%
Energy	-	5.0%
Technology	-	34.7%
Utilities	-	2.8%

Return for Risk

GLCR vs. RSMV — Risk / Return Rank

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

GLCR

GLCR Risk / Return Rank: 5
GLCR Sharpe Ratio Rank: 5
GLCR Sortino Ratio Rank: 5
GLCR Omega Ratio Rank: 5
GLCR Calmar Ratio Rank: 5
GLCR Martin Ratio Rank: 3

RSMV

RSMV Risk / Return Rank: 68
RSMV Sharpe Ratio Rank: 65
RSMV Sortino Ratio Rank: 66
RSMV Omega Ratio Rank: 63
RSMV Calmar Ratio Rank: 72
RSMV Martin Ratio Rank: 72

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.

GLCR vs. RSMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GlacierShares Nasdaq Iceland ETF (GLCR) and Relative Strength Managed Volatility Strategy ETF (RSMV). 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.

	GLCR	RSMV	Difference
Sharpe ratio Return per unit of total volatility	-0.45	2.14	-2.59
Sortino ratio Return per unit of downside risk	-0.50	2.99	-3.49
Omega ratio Gain probability vs. loss probability	0.94	1.38	-0.44
Calmar ratio Return relative to maximum drawdown	-0.44	3.52	-3.95
Martin ratio Return relative to average drawdown	-1.22	13.44	-14.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLCR vs. RSMV - Sharpe Ratio Comparison

The current GLCR Sharpe Ratio is -0.45, which is lower than the RSMV Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of GLCR and RSMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GLCR	RSMV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.45	2.14	-2.59
Sharpe Ratio (All Time) Calculated using the full available price history	-0.15	1.02	-1.17

Drawdowns

GLCR vs. RSMV - Drawdown Comparison

The maximum GLCR drawdown since its inception was -16.79%, roughly equal to the maximum RSMV drawdown of -17.58%. Use the drawdown chart below to compare losses from any high point for GLCR and RSMV.

Drawdown Indicators

	GLCR	RSMV	Difference
Max Drawdown Largest peak-to-trough decline	-16.79%	-17.58%	+0.79%
Max Drawdown (1Y) Largest decline over 1 year	-16.79%	-7.27%	-9.52%
Current Drawdown Current decline from peak	-16.79%	-0.83%	-15.96%
Average Drawdown Average peak-to-trough decline	-4.54%	-3.97%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.02%	1.90%	+4.12%

Volatility

GLCR vs. RSMV - Volatility Comparison

GlacierShares Nasdaq Iceland ETF (GLCR) has a higher volatility of 7.93% compared to Relative Strength Managed Volatility Strategy ETF (RSMV) at 4.52%. This indicates that GLCR's price experiences larger fluctuations and is considered to be riskier than RSMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLCR	RSMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.93%	4.52%	+3.41%
Volatility (6M) Calculated over the trailing 6-month period	13.27%	9.67%	+3.60%
Volatility (1Y) Calculated over the trailing 1-year period	16.40%	11.94%	+4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.62%	14.54%	+4.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.62%	14.54%	+4.08%

GLCR vs. RSMV - Expense Ratio Comparison

Both GLCR and RSMV have an expense ratio of 0.95%.

Dividends

GLCR vs. RSMV - Dividend Comparison

GLCR's dividend yield for the trailing twelve months is around 1.08%, more than RSMV's 0.92% yield.

Position	TTM	2025
GLCR GlacierShares Nasdaq Iceland ETF	1.08%	0.97%
RSMV Relative Strength Managed Volatility Strategy ETF	0.92%	1.00%

Frequently Asked Questions

Can I hold both GLCR and RSMV in my portfolio?

GLCR and RSMV have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLCR or RSMV?

GLCR has higher volatility (7.93%) compared to RSMV (4.52%). In terms of maximum drawdown, GLCR dropped -16.79% vs RSMV's -17.58%.

Which ETF is better, GLCR or RSMV?

On 1-year performance, RSMV leads with 25.46% vs -7.32% for GLCR. Both ETFs have the same 0.95% expense ratio. On volatility, RSMV has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLCR or RSMV?

Over the 1-year period, RSMV has performed better with a 25.46% return vs -7.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLCR or RSMV?

GLCR and RSMV have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, GLCR or RSMV?

GLCR has the higher dividend yield at 1.08%, compared with 0.92% for RSMV.

What is the main difference between GLCR and RSMV?

GLCR is categorized as Europe Equities, while RSMV is Large Cap Growth Equities.

Which has better risk-adjusted returns?

RSMV currently has the higher Sharpe Ratio (2.14 vs -0.45), 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.