GMOV vs. JQUA

Last updated Jun 3, 2026

GMOV (GMO U.S. Value ETF) and JQUA (JPMorgan U.S. Quality Factor ETF) are both exchange-traded funds - GMOV is a Large Cap Value Equities fund tracking the MSCI USA Value (Gross), while JQUA is a Large Cap Growth Equities fund tracking the JP Morgan US Quality Factor Index. Both are passively managed. Over the past year, GMOV returned 28.83% vs 23.81% for JQUA. A 0.76 correlation means they provide meaningful diversification when combined. GMOV charges 0.50%/yr vs 0.12%/yr for JQUA.

Performance

GMOV vs. JQUA - Performance Comparison

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

Returns By Period

In the year-to-date period, GMOV achieves a 10.90% return, which is significantly lower than JQUA's 14.47% return.

GMOV

• 1D: 0.20%
• 1M: 2.06%
• YTD: 10.90%
• 6M: 13.59%
• 1Y: 28.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JQUA

• 1D: 0.42%
• 1M: 8.40%
• YTD: 14.47%
• 6M: 15.23%
• 1Y: 23.81%
• 3Y*: 20.64%
• 5Y*: 14.20%
• 10Y*: —

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

GMOV vs. JQUA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GMOV GMO U.S. Value ETF	10.90%	14.81%	-1.27%
JQUA JPMorgan U.S. Quality Factor ETF	14.47%	11.69%	1.17%

Correlation

The correlation between GMOV and JQUA is 0.71, 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	0.71
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024	0.76

The correlation between GMOV and JQUA has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.

Return for Risk

GMOV vs. JQUA — Risk / Return Rank

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

GMOV

GMOV Risk / Return Rank: 82
GMOV Sharpe Ratio Rank: 80
GMOV Sortino Ratio Rank: 86
GMOV Omega Ratio Rank: 77
GMOV Calmar Ratio Rank: 85
GMOV Martin Ratio Rank: 80

JQUA

JQUA Risk / Return Rank: 66
JQUA Sharpe Ratio Rank: 63
JQUA Sortino Ratio Rank: 65
JQUA Omega Ratio Rank: 60
JQUA Calmar Ratio Rank: 67
JQUA Martin Ratio Rank: 74

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. JQUA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Value ETF (GMOV) and JPMorgan U.S. Quality Factor ETF (JQUA). 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	JQUA	Difference
Sharpe ratio Return per unit of total volatility	2.66	2.13	+0.53
Sortino ratio Return per unit of downside risk	3.95	3.04	+0.91
Omega ratio Gain probability vs. loss probability	1.47	1.37	+0.10
Calmar ratio Return relative to maximum drawdown	4.72	3.38	+1.34
Martin ratio Return relative to average drawdown	15.94	14.27	+1.66
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. JQUA - Sharpe Ratio Comparison

The current GMOV Sharpe Ratio is 2.66, which is comparable to the JQUA Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of GMOV and JQUA, 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	JQUA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	2.13	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.84	+0.21

Drawdowns

GMOV vs. JQUA - Drawdown Comparison

The maximum GMOV drawdown since its inception was -16.71%, smaller than the maximum JQUA drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for GMOV and JQUA.

Drawdown Indicators

	GMOV	JQUA	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-32.92%	+16.21%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-7.13%	+1.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.47%	—
Current Drawdown Current decline from peak	-0.16%	0.00%	-0.16%
Average Drawdown Average peak-to-trough decline	-2.85%	-4.16%	+1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	1.69%	+0.11%

Volatility

GMOV vs. JQUA - Volatility Comparison

The current volatility for GMO U.S. Value ETF (GMOV) is 2.37%, while JPMorgan U.S. Quality Factor ETF (JQUA) has a volatility of 2.83%. This indicates that GMOV experiences smaller price fluctuations and is considered to be less risky than JQUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMOV	JQUA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	2.83%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	7.25%	8.33%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	10.88%	11.21%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.95%	15.61%	-0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.95%	17.99%	-3.04%

GMOV vs. JQUA - Expense Ratio Comparison

GMOV has a 0.50% expense ratio, which is higher than JQUA's 0.12% expense ratio.

Dividends

GMOV vs. JQUA - Dividend Comparison

GMOV's dividend yield for the trailing twelve months is around 2.01%, more than JQUA's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GMOV GMO U.S. Value ETF	2.01%	1.98%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JQUA JPMorgan U.S. Quality Factor ETF	1.07%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%

Frequently Asked Questions

Can I hold both GMOV and JQUA in my portfolio?

GMOV and JQUA have a correlation of 0.71, 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 JQUA?

JQUA has higher volatility (2.83%) compared to GMOV (2.37%). In terms of maximum drawdown, GMOV dropped -16.71% vs JQUA's -32.92%.

Which ETF is better, GMOV or JQUA?

On 1-year performance, GMOV leads with 28.83% vs 23.81% for JQUA. On fees, JQUA is cheaper at 0.12% per year. On volatility, GMOV has been the lower-risk option at 2.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMOV or JQUA?

Over the 1-year period, GMOV has performed better with a 28.83% return vs 23.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMOV or JQUA?

JQUA is cheaper with a 0.12% expense ratio, compared with 0.50% for GMOV.

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

GMOV has the higher dividend yield at 2.01%, compared with 1.07% for JQUA.

What is the main difference between GMOV and JQUA?

GMOV is categorized as Large Cap Value Equities, while JQUA is Large Cap Growth Equities. GMOV tracks MSCI USA Value (Gross), while JQUA tracks JP Morgan US Quality Factor Index. They also come from different issuers: GMO and JPMorgan. Their fees differ too: 0.50% for GMOV and 0.12% for JQUA.

Which has better risk-adjusted returns?

GMOV currently has the higher Sharpe Ratio (2.66 vs 2.13), 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.