GMOV vs. FTA

Last updated Aug 2, 2026

GMOV (GMO U.S. Value ETF) and FTA (First Trust Large Cap Value AlphaDEX Fund) are both Large Cap Value Equities funds. GMOV is actively managed, while FTA is passively managed. Over the past year, GMOV returned 29.33% vs 31.73% for FTA. Their correlation of 0.93 means they have usually moved in the same direction. GMOV charges 0.50%/yr vs 0.60%/yr for FTA.

Performance

GMOV vs. FTA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO U.S. Value ETF (GMOV) and First Trust Large Cap Value AlphaDEX Fund (FTA). 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 FTA's 18.18% return.

GMOV

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

FTA

• 1D: -0.29%
• 1M: 2.70%
• 6M: 12.86%
• YTD: 18.18%
• 1Y: 31.73%
• 3Y*: 15.29%
• 5Y*: 11.21%
• 10Y*: 11.60%
• ALL TIME*: 8.58%

*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)
FTA First Trust Large Cap Value AlphaDEX Fund	$3.06M	$3.30M	$2.95M
GMOV GMO U.S. Value ETF	$352.06K	$684.01K	$514.91K

GMOV vs. FTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GMOV GMO U.S. Value ETF	15.84%	14.81%	-1.63%
FTA First Trust Large Cap Value AlphaDEX Fund	18.18%	14.94%	-2.86%

Correlation

The correlation between GMOV and FTA is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.93

The correlation between GMOV and FTA has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

GMOV vs. FTA — 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

FTA

FTA Risk / Return Rank: 94
FTA Sharpe Ratio Rank: 94
FTA Sortino Ratio Rank: 95
FTA Omega Ratio Rank: 92
FTA Calmar Ratio Rank: 96
FTA Martin Ratio Rank: 95

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. FTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Value ETF (GMOV) and First Trust Large Cap Value AlphaDEX Fund (FTA). 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	FTA	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.63	-0.01
Sortino ratio: Return per unit of downside risk	3.88	3.90	-0.02
Omega ratio: Gain probability vs. loss probability	1.46	1.46	+0.01
Calmar ratio: Return relative to maximum drawdown	4.68	5.93	-1.25
Martin ratio: Return relative to average drawdown	16.15	20.26	-4.12

GMOV vs. FTA - Sharpe Ratio Comparison

The current GMOV Sharpe Ratio is 2.63, which is comparable to the FTA Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of GMOV and FTA, 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. FTA - Drawdown Comparison

The maximum GMOV drawdown since its inception was -16.71%, smaller than the maximum FTA drawdown of -62.45%. Use the drawdown chart below to compare losses from any high point for GMOV and FTA.

Drawdown Indicators

	GMOV	FTA	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-62.45%	+45.74%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-5.13%	-0.95%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.80%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.97%	—
Current Drawdown Current decline from peak	-0.64%	-1.56%	+0.92%
Average Drawdown Average peak-to-trough decline	-2.65%	-8.97%	+6.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	1.50%	+0.26%

Volatility

GMOV vs. FTA - Volatility Comparison

The current volatility for GMO U.S. Value ETF (GMOV) is 3.18%, while First Trust Large Cap Value AlphaDEX Fund (FTA) has a volatility of 3.93%. This indicates that GMOV experiences smaller price fluctuations and is considered to be less risky than FTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMOV	FTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	3.93%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	8.04%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	10.88%	11.61%	-0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.65%	16.23%	-1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.65%	19.85%	-5.20%

GMOV vs. FTA - Expense Ratio Comparison

GMOV has a 0.50% expense ratio, which is lower than FTA's 0.60% expense ratio.

Dividends

GMOV vs. FTA - Dividend Comparison

GMOV's dividend yield for the trailing twelve months is around 1.87%, more than FTA's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTA First Trust Large Cap Value AlphaDEX Fund	1.61%	1.89%	2.02%	2.10%	2.15%	1.54%	2.03%	1.88%	2.28%	1.53%	1.56%	2.05%
GMOV GMO U.S. Value ETF	1.87%	1.98%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GMOV and FTA in my portfolio?

With a correlation of 0.91, GMOV and FTA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GMOV or FTA?

FTA has higher volatility (3.93%) compared to GMOV (3.18%). In terms of maximum drawdown, GMOV dropped -16.71% vs FTA's -62.45%.

Which ETF is better, GMOV or FTA?

On 1-year performance, FTA leads with 31.73% 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 FTA?

Over the 1-year period, FTA has performed better with a 31.73% 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 FTA?

GMOV is cheaper with a 0.50% expense ratio, compared with 0.60% for FTA.

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

GMOV has the higher dividend yield at 1.87%, compared with 1.61% for FTA.

What is the main difference between GMOV and FTA?

They also come from different issuers: GMO and First Trust. Their fees differ too: 0.50% for GMOV and 0.60% for FTA.

Which has better risk-adjusted returns?

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