GMOV vs. MDLV

Last updated Jun 26, 2026

GMOV (GMO U.S. Value ETF) and MDLV (Morgan Dempsey Large Cap Value ETF) are both Large Cap Value Equities funds. GMOV is passively managed, while MDLV is actively managed. Over the past year, GMOV returned 22.99% vs 19.70% for MDLV. A 0.79 correlation means they provide meaningful diversification when combined. GMOV charges 0.50%/yr vs 0.58%/yr for MDLV.

Performance

GMOV vs. MDLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO U.S. Value ETF (GMOV) and Morgan Dempsey Large Cap Value ETF (MDLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMOV achieves a 9.32% return, which is significantly lower than MDLV's 10.54% return.

GMOV

• 1D: -0.07%
• 1M: -1.32%
• YTD: 9.32%
• 6M: 8.20%
• 1Y: 22.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MDLV

• 1D: 0.53%
• 1M: -0.15%
• YTD: 10.54%
• 6M: 9.98%
• 1Y: 19.70%
• 3Y*: 12.84%
• 5Y*: —
• 10Y*: —

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

GMOV vs. MDLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GMOV GMO U.S. Value ETF	9.32%	14.81%	-1.63%
MDLV Morgan Dempsey Large Cap Value ETF	10.54%	13.30%	-4.37%

Correlation

The correlation between GMOV and MDLV is 0.78, 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	0.78
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.79

The correlation between GMOV and MDLV has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.

Return for Risk

GMOV vs. MDLV — Risk / Return Rank

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

GMOV

GMOV Risk / Return Rank: 77
GMOV Sharpe Ratio Rank: 75
GMOV Sortino Ratio Rank: 81
GMOV Omega Ratio Rank: 72
GMOV Calmar Ratio Rank: 81
GMOV Martin Ratio Rank: 76

MDLV

MDLV Risk / Return Rank: 81
MDLV Sharpe Ratio Rank: 79
MDLV Sortino Ratio Rank: 82
MDLV Omega Ratio Rank: 73
MDLV Calmar Ratio Rank: 89
MDLV Martin Ratio Rank: 82

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. MDLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Value ETF (GMOV) and Morgan Dempsey Large Cap Value ETF (MDLV). 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	MDLV	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.22	-0.11
Sortino ratio: Return per unit of downside risk	3.14	3.19	-0.05
Omega ratio: Gain probability vs. loss probability	1.38	1.38	0.00
Calmar ratio: Return relative to maximum drawdown	3.80	4.64	-0.84
Martin ratio: Return relative to average drawdown	12.58	14.27	-1.69

GMOV vs. MDLV - Sharpe Ratio Comparison

The current GMOV Sharpe Ratio is 2.12, which is comparable to the MDLV Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of GMOV and MDLV, 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. MDLV - Drawdown Comparison

The maximum GMOV drawdown since its inception was -16.71%, which is greater than MDLV's maximum drawdown of -10.71%. Use the drawdown chart below to compare losses from any high point for GMOV and MDLV.

Drawdown Indicators

	GMOV	MDLV	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-10.71%	-6.00%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-4.27%	-1.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.71%	—
Current Drawdown Current decline from peak	-1.87%	-1.57%	-0.30%
Average Drawdown Average peak-to-trough decline	-2.79%	-2.27%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	1.38%	+0.45%

Volatility

GMOV vs. MDLV - Volatility Comparison

GMO U.S. Value ETF (GMOV) and Morgan Dempsey Large Cap Value ETF (MDLV) have volatilities of 3.01% and 2.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMOV	MDLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	2.98%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.42%	6.75%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	10.92%	8.94%	+1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.82%	10.51%	+4.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.82%	10.51%	+4.31%

GMOV vs. MDLV - Expense Ratio Comparison

GMOV has a 0.50% expense ratio, which is lower than MDLV's 0.58% expense ratio.

Dividends

GMOV vs. MDLV - Dividend Comparison

GMOV's dividend yield for the trailing twelve months is around 2.04%, less than MDLV's 2.79% yield.

Position	TTM	2025	2024	2023
GMOV GMO U.S. Value ETF	2.04%	1.98%	0.30%	0.00%
MDLV Morgan Dempsey Large Cap Value ETF	2.79%	3.00%	2.78%	2.35%

Frequently Asked Questions

Can I hold both GMOV and MDLV in my portfolio?

GMOV and MDLV have a correlation of 0.78, 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 MDLV?

GMOV has higher volatility (3.01%) compared to MDLV (2.98%). In terms of maximum drawdown, GMOV dropped -16.71% vs MDLV's -10.71%.

Which ETF is better, GMOV or MDLV?

On 1-year performance, GMOV leads with 22.99% vs 19.70% for MDLV. On fees, GMOV is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMOV or MDLV?

Over the 1-year period, GMOV has performed better with a 22.99% return vs 19.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMOV or MDLV?

GMOV is cheaper with a 0.50% expense ratio, compared with 0.58% for MDLV.

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

MDLV has the higher dividend yield at 2.79%, compared with 2.04% for GMOV.

What is the main difference between GMOV and MDLV?

They also come from different issuers: GMO and Morgan Dempsey. Their fees differ too: 0.50% for GMOV and 0.58% for MDLV.

Which has better risk-adjusted returns?

MDLV currently has the higher Sharpe Ratio (2.22 vs 2.12), 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.