GMOV vs. BCHI

Last updated Aug 2, 2026

GMOV (GMO U.S. Value ETF) and BCHI (GMO Beyond China ETF) are both exchange-traded funds - GMOV is a Large Cap Value Equities fund actively managed by GMO, while BCHI is a Emerging Markets Equities fund actively managed by GMO. Both are actively managed. Over the past year, GMOV returned 29.33% vs 36.96% for BCHI. Their 0.35 correlation means their historical movements had little consistent relationship. GMOV charges 0.50%/yr vs 0.65%/yr for BCHI.

Performance

GMOV vs. BCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO U.S. Value ETF (GMOV) and GMO Beyond China ETF (BCHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMOV achieves a 15.84% return, which is significantly lower than BCHI's 20.06% return.

GMOV

• 1D: 0.28%
• 1M: 3.71%
• 6M: 11.53%
• YTD: 15.84%
• 1Y: 29.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.57%

BCHI

• 1D: 0.10%
• 1M: -4.22%
• 6M: 12.35%
• YTD: 20.06%
• 1Y: 36.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BCHI GMO Beyond China ETF	$56.39K	$51.68K	$47.34K
GMOV GMO U.S. Value ETF	$352.06K	$684.01K	$514.91K

GMOV vs. BCHI - Yearly Performance Comparison

	2026 (YTD)	2025
GMOV GMO U.S. Value ETF	15.84%	11.52%
BCHI GMO Beyond China ETF	20.06%	26.33%

Correlation

The correlation between GMOV and BCHI is 0.26, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.26
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.35

Return for Risk

GMOV vs. BCHI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GMOV

GMOV Risk / Return Rank: 93
GMOV Sharpe Ratio Rank: 94
GMOV Sortino Ratio Rank: 94
GMOV Omega Ratio Rank: 93
GMOV Calmar Ratio Rank: 94
GMOV Martin Ratio Rank: 92

BCHI

BCHI Risk / Return Rank: 65
BCHI Sharpe Ratio Rank: 66
BCHI Sortino Ratio Rank: 63
BCHI Omega Ratio Rank: 70
BCHI Calmar Ratio Rank: 66
BCHI Martin Ratio Rank: 62

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GMOV vs. BCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Value ETF (GMOV) and GMO Beyond China ETF (BCHI). 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.

	GMOV	BCHI	Difference
Sharpe ratio: Return per unit of total volatility	2.63	1.54	+1.09
Sortino ratio: Return per unit of downside risk	3.88	2.12	+1.76
Omega ratio: Gain probability vs. loss probability	1.46	1.29	+0.17
Calmar ratio: Return relative to maximum drawdown	4.68	2.33	+2.36
Martin ratio: Return relative to average drawdown	16.15	7.51	+8.64

GMOV vs. BCHI - Sharpe Ratio Comparison

The current GMOV Sharpe Ratio is 2.63, which is higher than the BCHI Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of GMOV and BCHI, 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

GMOV vs. BCHI - Drawdown Comparison

The maximum GMOV drawdown since its inception was -16.71%, roughly equal to the maximum BCHI drawdown of -16.01%. Use the drawdown chart below to compare losses from any high point for GMOV and BCHI.

Drawdown Indicators

	GMOV	BCHI	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-16.01%	-0.70%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-16.01%	+9.93%
Current Drawdown Current decline from peak	-0.64%	-12.64%	+12.00%
Average Drawdown Average peak-to-trough decline	-2.65%	-2.82%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	4.95%	-3.19%

Volatility

GMOV vs. BCHI - Volatility Comparison

The current volatility for GMO U.S. Value ETF (GMOV) is 3.18%, while GMO Beyond China ETF (BCHI) has a volatility of 9.11%. This indicates that GMOV experiences smaller price fluctuations and is considered to be less risky than BCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMOV	BCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	9.11%	-5.93%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	22.63%	-15.10%
Volatility (1Y) Calculated over the trailing 1-year period	10.88%	24.26%	-13.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.65%	22.92%	-8.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.65%	22.92%	-8.27%

GMOV vs. BCHI - Expense Ratio Comparison

GMOV has a 0.50% expense ratio, which is lower than BCHI's 0.65% expense ratio.

Dividends

GMOV vs. BCHI - Dividend Comparison

GMOV's dividend yield for the trailing twelve months is around 1.87%, less than BCHI's 25.19% yield.

Position	TTM	2025	2024
BCHI GMO Beyond China ETF	25.19%	3.67%	0.00%
GMOV GMO U.S. Value ETF	1.87%	1.98%	0.30%

Frequently Asked Questions

Can I hold both GMOV and BCHI in my portfolio?

GMOV and BCHI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GMOV or BCHI?

BCHI has higher volatility (9.11%) compared to GMOV (3.18%). In terms of maximum drawdown, GMOV dropped -16.71% vs BCHI's -16.01%.

Which ETF is better, GMOV or BCHI?

On 1-year performance, BCHI leads with 36.96% vs 29.33% for GMOV. On fees, GMOV is cheaper at 0.50% per year. On volatility, GMOV has been the lower-risk option at 3.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMOV or BCHI?

Over the 1-year period, BCHI has performed better with a 36.96% return vs 29.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMOV or BCHI?

GMOV is cheaper with a 0.50% expense ratio, compared with 0.65% for BCHI.

Which ETF pays a higher dividend yield, GMOV or BCHI?

BCHI has the higher dividend yield at 25.19%, compared with 1.87% for GMOV.

What is the main difference between GMOV and BCHI?

GMOV is categorized as Large Cap Value Equities, while BCHI is Emerging Markets Equities. Their fees differ too: 0.50% for GMOV and 0.65% for BCHI.

Which has better risk-adjusted returns?

GMOV currently has the higher Sharpe Ratio (2.63 vs 1.54), 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.