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GMOV vs. IBCK.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GMOV vs. IBCK.DE

Last updated Jun 5, 2026

GMOV (GMO U.S. Value ETF) and IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) are both exchange-traded funds - GMOV is a Large Cap Value Equities fund tracking the MSCI USA Value (Gross), while IBCK.DE is a S&P 500 fund tracking the S&P 500 Minimum Volatility. Both are passively managed. Over the past year, GMOV returned 28.90% vs 11.19% for IBCK.DE. At a 0.40 correlation, their price movements are largely independent. GMOV charges 0.50%/yr vs 0.20%/yr for IBCK.DE.

Performance

GMOV vs. IBCK.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO U.S. Value ETF (GMOV) and iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

GMOV is traded in USD, while IBCK.DE is traded in EUR. To make them comparable, the IBCK.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GMOV achieves a 11.41% return, which is significantly higher than IBCK.DE's 3.81% return.

GMOV

1D
1.06%
1M
3.06%
YTD
11.41%
6M
12.96%
1Y
28.90%
3Y*
—
5Y*
—
10Y*
—

IBCK.DE

1D
-0.01%
1M
3.67%
YTD
3.81%
6M
5.31%
1Y
11.19%
3Y*
13.94%
5Y*
8.86%
10Y*
10.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GMOV vs. IBCK.DE - Yearly Performance Comparison

2026 (YTD)20252024
GMOV
GMO U.S. Value ETF		11.41%14.81%-1.27%
IBCK.DE
iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)		3.81%12.11%-2.01%

Correlation

The correlation between GMOV and IBCK.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Oct 30, 2024

0.40

Compare stocks, funds, or ETFs

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GMO U.S. Value ETF

iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)

Often compared with GMOV:
GMOV vs. QLTIGMOV vs. DHLXGMOV vs. ABEQGMOV vs. DIVZGMOV vs. ZVC.TOGMOV vs. CSTKGMOV vs. ELCV
Often compared with IBCK.DE:
IBCK.DE vs. EUNZ.DEIBCK.DE vs. IQQ0.DEIBCK.DE vs. N1ES.DEIBCK.DE vs. EXH4.DEIBCK.DE vs. FXIIBCK.DE vs. BRK-BIBCK.DE vs. SWDA.L

Return for Risk

GMOV vs. IBCK.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GMOV
GMOV Risk / Return Rank: 8484
Overall Rank
GMOV Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
GMOV Sortino Ratio Rank: 8888
Sortino Ratio Rank
GMOV Omega Ratio Rank: 8080
Omega Ratio Rank
GMOV Calmar Ratio Rank: 8787
Calmar Ratio Rank
GMOV Martin Ratio Rank: 8282
Martin Ratio Rank
IBCK.DE
IBCK.DE Risk / Return Rank: 3232
Overall Rank
IBCK.DE Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
IBCK.DE Sortino Ratio Rank: 2929
Sortino Ratio Rank
IBCK.DE Omega Ratio Rank: 2929
Omega Ratio Rank
IBCK.DE Calmar Ratio Rank: 3838
Calmar Ratio Rank
IBCK.DE Martin Ratio Rank: 3535
Martin Ratio Rank
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. IBCK.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Value ETF (GMOV) and iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE). 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.

GMOVIBCK.DEDifference
Sharpe ratioReturn per unit of total volatility
2.66
1.34

+1.32

Sortino ratioReturn per unit of downside risk
3.95
1.92

+2.03

Omega ratioGain probability vs. loss probability

1.47

1.24

+0.23

Calmar ratioReturn relative to maximum drawdown

4.78

1.79

+2.99

Martin ratioReturn relative to average drawdown

16.11

7.04

+9.07

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. IBCK.DE - Sharpe Ratio Comparison

The current GMOV Sharpe Ratio is 2.66, which is higher than the IBCK.DE Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of GMOV and IBCK.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

GMOVIBCK.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.66

1.34

+1.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.68

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.74

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.06

0.83

+0.23

Drawdowns

GMOV vs. IBCK.DE - Drawdown Comparison

The maximum GMOV drawdown since its inception was -16.71%, smaller than the maximum IBCK.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for GMOV and IBCK.DE.

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Drawdown Indicators

GMOVIBCK.DEDifference

Max Drawdown

Largest peak-to-trough decline

-16.71%

-33.60%

+16.89%

Max Drawdown (1Y)

Largest decline over 1 year

-6.08%

-6.42%

+0.34%

Max Drawdown (3Y)

Largest decline over 3 years

—

-13.31%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.61%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.60%

—

Current Drawdown

Current decline from peak

0.00%

-0.12%

+0.12%

Average Drawdown

Average peak-to-trough decline

-2.84%

-3.23%

+0.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.80%

1.63%

+0.17%

Volatility

GMOV vs. IBCK.DE - Volatility Comparison

GMO U.S. Value ETF (GMOV) has a higher volatility of 2.34% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) at 2.05%. This indicates that GMOV's price experiences larger fluctuations and is considered to be riskier than IBCK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GMOVIBCK.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.34%

2.05%

+0.29%

Volatility (6M)

Calculated over the trailing 6-month period

7.32%

5.95%

+1.37%

Volatility (1Y)

Calculated over the trailing 1-year period

10.92%

8.55%

+2.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.94%

12.84%

+2.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.94%

14.15%

+0.79%

GMOV vs. IBCK.DE - Expense Ratio Comparison

GMOV has a 0.50% expense ratio, which is higher than IBCK.DE's 0.20% expense ratio.

Dividends

GMOV vs. IBCK.DE - Dividend Comparison

GMOV's dividend yield for the trailing twelve months is around 2.00%, while IBCK.DE has not paid dividends to shareholders.

PositionTTM20252024
GMOV
GMO U.S. Value ETF		2.00%1.98%0.30%
IBCK.DE
iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)		0.00%0.00%0.00%

Frequently Asked Questions

GMOV and IBCK.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IBCK.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IBCK.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for GMOV.

GMOV is categorized as Large Cap Value Equities, while IBCK.DE is S&P 500. GMOV tracks MSCI USA Value (Gross), while IBCK.DE tracks S&P 500 Minimum Volatility. They also come from different issuers: GMO and iShares. Their fees differ too: 0.50% for GMOV and 0.20% for IBCK.DE.

Portfolio Optimizer

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