GMOV vs. CBSE

Last updated Jun 4, 2026

GMOV (GMO U.S. Value ETF) and CBSE (Clough Select Equity ETF) are both Large Cap Value Equities funds. GMOV is passively managed, while CBSE is actively managed. Over the past year, GMOV returned 27.00% vs 51.66% for CBSE. A 0.52 correlation means they provide meaningful diversification when combined. GMOV charges 0.50%/yr vs 0.85%/yr for CBSE.

Performance

GMOV vs. CBSE - Performance Comparison

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

Returns By Period

In the year-to-date period, GMOV achieves a 10.24% return, which is significantly lower than CBSE's 32.18% return.

GMOV

• 1D: -0.59%
• 1M: 2.52%
• YTD: 10.24%
• 6M: 11.68%
• 1Y: 27.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBSE

• 1D: -0.93%
• 1M: 10.89%
• YTD: 32.18%
• 6M: 29.85%
• 1Y: 51.66%
• 3Y*: 31.65%
• 5Y*: 12.52%
• 10Y*: —

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

GMOV vs. CBSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GMOV GMO U.S. Value ETF	10.24%	14.81%	-1.27%
CBSE Clough Select Equity ETF	32.18%	19.53%	5.75%

Correlation

The correlation between GMOV and CBSE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024	0.52

The correlation between GMOV and CBSE has been stable across timeframes, ranging from 0.48 to 0.52 - a consistent structural relationship.

Return for Risk

GMOV vs. CBSE — Risk / Return Rank

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

GMOV

GMOV Risk / Return Rank: 79
GMOV Sharpe Ratio Rank: 77
GMOV Sortino Ratio Rank: 84
GMOV Omega Ratio Rank: 75
GMOV Calmar Ratio Rank: 83
GMOV Martin Ratio Rank: 78

CBSE

CBSE Risk / Return Rank: 67
CBSE Sharpe Ratio Rank: 70
CBSE Sortino Ratio Rank: 65
CBSE Omega Ratio Rank: 61
CBSE Calmar Ratio Rank: 76
CBSE Martin Ratio Rank: 64

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.

GMOV vs. CBSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Value ETF (GMOV) and Clough Select Equity ETF (CBSE). 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.

	GMOV	CBSE	Difference
Sharpe ratio: Return per unit of total volatility	2.49	2.30	+0.19
Sortino ratio: Return per unit of downside risk	3.72	3.02	+0.70
Omega ratio: Gain probability vs. loss probability	1.44	1.37	+0.07
Calmar ratio: Return relative to maximum drawdown	4.46	3.83	+0.64
Martin ratio: Return relative to average drawdown	15.05	11.59	+3.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMOV vs. CBSE - Sharpe Ratio Comparison

The current GMOV Sharpe Ratio is 2.49, which is comparable to the CBSE Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of GMOV and CBSE, 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

	GMOV	CBSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	2.30	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	0.80	+0.21

Drawdowns

GMOV vs. CBSE - Drawdown Comparison

The maximum GMOV drawdown since its inception was -16.71%, smaller than the maximum CBSE drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for GMOV and CBSE.

Drawdown Indicators

	GMOV	CBSE	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-36.30%	+19.59%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-13.57%	+7.49%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.30%	—
Current Drawdown Current decline from peak	-0.76%	-0.93%	+0.17%
Average Drawdown Average peak-to-trough decline	-2.84%	-12.31%	+9.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	4.47%	-2.67%

Volatility

GMOV vs. CBSE - Volatility Comparison

The current volatility for GMO U.S. Value ETF (GMOV) is 2.18%, while Clough Select Equity ETF (CBSE) has a volatility of 7.80%. This indicates that GMOV experiences smaller price fluctuations and is considered to be less risky than CBSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMOV	CBSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.18%	7.80%	-5.62%
Volatility (6M) Calculated over the trailing 6-month period	7.26%	17.58%	-10.32%
Volatility (1Y) Calculated over the trailing 1-year period	10.90%	22.55%	-11.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	24.06%	-9.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	23.79%	-8.85%

GMOV vs. CBSE - Expense Ratio Comparison

GMOV has a 0.50% expense ratio, which is lower than CBSE's 0.85% expense ratio.

Dividends

GMOV vs. CBSE - Dividend Comparison

GMOV's dividend yield for the trailing twelve months is around 2.02%, more than CBSE's 0.26% yield.

Position	TTM	2025	2024	2023	2022
CBSE Clough Select Equity ETF	0.26%	0.35%	0.37%	1.50%	0.52%
GMOV GMO U.S. Value ETF	2.02%	1.98%	0.30%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GMOV and CBSE in my portfolio?

GMOV and CBSE have a correlation of 0.48, 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 CBSE?

CBSE has higher volatility (7.80%) compared to GMOV (2.18%). In terms of maximum drawdown, GMOV dropped -16.71% vs CBSE's -36.30%.

Which ETF is better, GMOV or CBSE?

On 1-year performance, CBSE leads with 51.66% vs 27.00% for GMOV. On fees, GMOV is cheaper at 0.50% per year. On volatility, GMOV has been the lower-risk option at 2.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMOV or CBSE?

Over the 1-year period, CBSE has performed better with a 51.66% return vs 27.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMOV or CBSE?

GMOV is cheaper with a 0.50% expense ratio, compared with 0.85% for CBSE.

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

GMOV has the higher dividend yield at 2.02%, compared with 0.26% for CBSE.

What is the main difference between GMOV and CBSE?

They also come from different issuers: GMO and Clough. Their fees differ too: 0.50% for GMOV and 0.85% for CBSE.

Which has better risk-adjusted returns?

GMOV currently has the higher Sharpe Ratio (2.49 vs 2.30), 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.