GMOV vs. IGF

Last updated Aug 2, 2026

GMOV (GMO U.S. Value ETF) and IGF (iShares Global Infrastructure ETF) are both exchange-traded funds - GMOV is a Large Cap Value Equities fund actively managed by GMO, while IGF is a Infrastructure Equities fund tracking the S&P Global Infrastructure Index (Net). GMOV is actively managed, while IGF is passively managed. Over the past year, GMOV returned 29.33% vs 16.30% for IGF. Their 0.46 correlation means their historical movements had little consistent relationship. GMOV charges 0.50%/yr vs 0.39%/yr for IGF.

Performance

GMOV vs. IGF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO U.S. Value ETF (GMOV) and iShares Global Infrastructure ETF (IGF). 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 higher than IGF's 10.41% return.

GMOV

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

IGF

• 1D: -0.28%
• 1M: -0.09%
• 6M: 5.19%
• YTD: 10.41%
• 1Y: 16.30%
• 3Y*: 16.16%
• 5Y*: 11.05%
• 10Y*: 8.14%
• ALL TIME*: 4.91%

*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)
GMOV GMO U.S. Value ETF	$352.06K	$684.01K	$514.91K
IGF iShares Global Infrastructure ETF	$38.15M	$37.64M	$47.97M

GMOV vs. IGF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GMOV GMO U.S. Value ETF	15.84%	14.81%	-1.63%
IGF iShares Global Infrastructure ETF	10.41%	21.31%	-2.73%

Correlation

The correlation between GMOV and IGF is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.46

Return for Risk

GMOV vs. IGF — 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

IGF

IGF Risk / Return Rank: 69
IGF Sharpe Ratio Rank: 69
IGF Sortino Ratio Rank: 69
IGF Omega Ratio Rank: 66
IGF Calmar Ratio Rank: 79
IGF Martin Ratio Rank: 63

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. IGF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Value ETF (GMOV) and iShares Global Infrastructure ETF (IGF). 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	IGF	Difference
Sharpe ratio: Return per unit of total volatility	2.63	1.55	+1.07
Sortino ratio: Return per unit of downside risk	3.88	2.25	+1.63
Omega ratio: Gain probability vs. loss probability	1.46	1.28	+0.19
Calmar ratio: Return relative to maximum drawdown	4.68	2.83	+1.85
Martin ratio: Return relative to average drawdown	16.15	7.59	+8.56

GMOV vs. IGF - Sharpe Ratio Comparison

The current GMOV Sharpe Ratio is 2.63, which is higher than the IGF Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of GMOV and IGF, 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. IGF - Drawdown Comparison

The maximum GMOV drawdown since its inception was -16.71%, smaller than the maximum IGF drawdown of -58.33%. Use the drawdown chart below to compare losses from any high point for GMOV and IGF.

Drawdown Indicators

	GMOV	IGF	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-58.33%	+41.62%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-5.87%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.11%	—
Current Drawdown Current decline from peak	-0.64%	-2.34%	+1.70%
Average Drawdown Average peak-to-trough decline	-2.65%	-11.79%	+9.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	2.19%	-0.43%

Volatility

GMOV vs. IGF - Volatility Comparison

GMO U.S. Value ETF (GMOV) has a higher volatility of 3.18% compared to iShares Global Infrastructure ETF (IGF) at 2.75%. This indicates that GMOV's price experiences larger fluctuations and is considered to be riskier than IGF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMOV	IGF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	2.75%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	8.92%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	10.88%	10.69%	+0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.65%	13.95%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.65%	16.71%	-2.06%

GMOV vs. IGF - Expense Ratio Comparison

GMOV has a 0.50% expense ratio, which is higher than IGF's 0.39% expense ratio.

Dividends

GMOV vs. IGF - Dividend Comparison

GMOV's dividend yield for the trailing twelve months is around 1.87%, less than IGF's 2.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IGF iShares Global Infrastructure ETF	2.89%	3.23%	3.21%	3.36%	2.67%	2.42%	2.33%	3.27%	3.52%	2.95%	2.98%	3.25%

Frequently Asked Questions

Can I hold both GMOV and IGF in my portfolio?

GMOV and IGF have a correlation of 0.44, 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 IGF?

GMOV has higher volatility (3.18%) compared to IGF (2.75%). In terms of maximum drawdown, GMOV dropped -16.71% vs IGF's -58.33%.

Which ETF is better, GMOV or IGF?

On 1-year performance, GMOV leads with 29.33% vs 16.30% for IGF. On fees, IGF is cheaper at 0.39% per year. On volatility, IGF has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMOV or IGF?

Over the 1-year period, GMOV has performed better with a 29.33% return vs 16.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMOV or IGF?

IGF is cheaper with a 0.39% expense ratio, compared with 0.50% for GMOV.

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

IGF has the higher dividend yield at 2.89%, compared with 1.87% for GMOV.

What is the main difference between GMOV and IGF?

GMOV is categorized as Large Cap Value Equities, while IGF is Infrastructure Equities. They also come from different issuers: GMO and iShares. Their fees differ too: 0.50% for GMOV and 0.39% for IGF.

Which has better risk-adjusted returns?

GMOV currently has the higher Sharpe Ratio (2.63 vs 1.55), 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.