GMOV vs. KWIN

Last updated Jul 14, 2026

GMOV (GMO U.S. Value ETF) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds - GMOV tracks the MSCI USA Value (Gross) while KWIN tracks the Wahed Alternative Income Index. Both are passively managed. At a 0.16 correlation, their price movements are largely independent. GMOV charges 0.50%/yr vs 0.51%/yr for KWIN.

Performance

GMOV vs. KWIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO U.S. Value ETF (GMOV) and KraneShares Wahed Alternative Income Index ETF (KWIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMOV achieves a 13.65% return, which is significantly higher than KWIN's 1.59% return.

GMOV

• 1D: 0.65%
• 1M: 2.18%
• 6M: 11.18%
• YTD: 13.65%
• 1Y: 24.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KWIN

• 1D: 0.06%
• 1M: 0.13%
• 6M: 1.08%
• YTD: 1.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMOV vs. KWIN - Yearly Performance Comparison

	2026 (YTD)	2025
GMOV GMO U.S. Value ETF	13.65%	6.48%
KWIN KraneShares Wahed Alternative Income Index ETF	1.59%	0.61%

Correlation

The correlation between GMOV and KWIN is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.16

Return for Risk

GMOV vs. KWIN — Risk / Return Rank

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

GMOV

GMOV Risk / Return Rank: 86
GMOV Sharpe Ratio Rank: 87
GMOV Sortino Ratio Rank: 89
GMOV Omega Ratio Rank: 83
GMOV Calmar Ratio Rank: 88
GMOV Martin Ratio Rank: 84

KWIN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. KWIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Value ETF (GMOV) and KraneShares Wahed Alternative Income Index ETF (KWIN). 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	KWIN	Difference
Sharpe ratio: Return per unit of total volatility	2.22	—	—
Sortino ratio: Return per unit of downside risk	3.28	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.99	—	—
Martin ratio: Return relative to average drawdown	13.28	—	—

Drawdowns

GMOV vs. KWIN - Drawdown Comparison

The maximum GMOV drawdown since its inception was -16.71%, which is greater than KWIN's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for GMOV and KWIN.

Drawdown Indicators

	GMOV	KWIN	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-1.50%	-15.21%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	—	—
Current Drawdown Current decline from peak	0.00%	-1.44%	+1.44%
Average Drawdown Average peak-to-trough decline	-2.73%	-0.25%	-2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	—	—

Volatility

Volatility by Period

	GMOV	KWIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.97%	4.16%	+6.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.77%	4.16%	+10.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	4.16%	+10.61%

GMOV vs. KWIN - Expense Ratio Comparison

GMOV has a 0.50% expense ratio, which is lower than KWIN's 0.51% expense ratio.

Dividends

GMOV vs. KWIN - Dividend Comparison

GMOV's dividend yield for the trailing twelve months is around 1.91%, while KWIN has not paid dividends to shareholders.

Position	TTM	2025	2024
GMOV GMO U.S. Value ETF	1.91%	1.98%	0.30%
KWIN KraneShares Wahed Alternative Income Index ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GMOV and KWIN in my portfolio?

GMOV and KWIN have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMOV or KWIN?

On fees, GMOV is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GMOV or KWIN?

GMOV is cheaper with a 0.50% expense ratio, compared with 0.51% for KWIN.

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

GMOV has the higher dividend yield at 1.91%, compared with 0.00% for KWIN.

What is the main difference between GMOV and KWIN?

GMOV tracks MSCI USA Value (Gross), while KWIN tracks Wahed Alternative Income Index. They also come from different issuers: GMO and KraneShares. Their fees differ too: 0.50% for GMOV and 0.51% for KWIN.