GMOV vs. HDV
GMOV (GMO U.S. Value ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - GMOV is a Large Cap Value Equities fund tracking the MSCI USA Value (Gross), while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past year, GMOV returned 27.00% vs 20.35% for HDV. A 0.66 correlation means they provide meaningful diversification when combined. GMOV charges 0.50%/yr vs 0.08%/yr for HDV.
Performance
GMOV vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, GMOV achieves a 10.24% return, which is significantly lower than HDV's 12.69% return.
GMOV
- 1D
- -0.59%
- 1M
- 2.52%
- YTD
- 10.24%
- 6M
- 11.68%
- 1Y
- 27.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 0.37%
- 1M
- 0.29%
- YTD
- 12.69%
- 6M
- 12.16%
- 1Y
- 20.35%
- 3Y*
- 14.94%
- 5Y*
- 10.32%
- 10Y*
- 9.26%
GMOV vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GMOV GMO U.S. Value ETF | 10.24% | 14.81% | -1.27% |
HDV iShares Core High Dividend ETF | 12.69% | 11.90% | -2.98% |
Correlation
The correlation between GMOV and HDV is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024 | 0.66 |
The correlation between GMOV and HDV has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
GMOV vs. HDV — Risk / Return Rank
GMOV
HDV
GMOV vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Value ETF (GMOV) and iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.36 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.46 | 3.95 | +0.52 |
| Martin ratioReturn relative to average drawdown | 15.05 | 11.02 | +4.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GMOV | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.10 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.72 | +0.29 |
Drawdowns
GMOV vs. HDV - Drawdown Comparison
The maximum GMOV drawdown since its inception was -16.71%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for GMOV and HDV.
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Drawdown Indicators
| GMOV | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.71% | -37.04% | +20.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.08% | -5.18% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -0.76% | -2.54% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -3.09% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 1.85% | -0.05% |
Volatility
GMOV vs. HDV - Volatility Comparison
The current volatility for GMO U.S. Value ETF (GMOV) is 2.18%, while iShares Core High Dividend ETF (HDV) has a volatility of 3.19%. This indicates that GMOV experiences smaller price fluctuations and is considered to be less risky than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMOV | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 3.19% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 7.56% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.90% | 9.73% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.94% | 12.82% | +2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.94% | 15.73% | -0.79% |
GMOV vs. HDV - Expense Ratio Comparison
GMOV has a 0.50% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
GMOV vs. HDV - Dividend Comparison
GMOV's dividend yield for the trailing twelve months is around 2.02%, less than HDV's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMOV GMO U.S. Value ETF | 2.02% | 1.98% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 2.91% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
GMOV and HDV have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDV has higher volatility (3.19%) compared to GMOV (2.18%). In terms of maximum drawdown, GMOV dropped -16.71% vs HDV's -37.04%.
On 1-year performance, GMOV leads with 27.00% vs 20.35% for HDV. On fees, HDV is cheaper at 0.08% 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.
Over the 1-year period, GMOV has performed better with a 27.00% return vs 20.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.50% for GMOV.
HDV has the higher dividend yield at 2.91%, compared with 2.02% for GMOV.
GMOV is categorized as Large Cap Value Equities, while HDV is Dividend. GMOV tracks MSCI USA Value (Gross), while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: GMO and iShares. Their fees differ too: 0.50% for GMOV and 0.08% for HDV.
GMOV currently has the higher Sharpe Ratio (2.49 vs 2.10), 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.
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