GMOV vs. SCHV

Last updated Jun 5, 2026

GMOV (GMO U.S. Value ETF) and SCHV (Schwab U.S. Large-Cap Value ETF) are both Large Cap Value Equities funds - GMOV tracks the MSCI USA Value (Gross) while SCHV tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index. Both are passively managed. Over the past year, GMOV returned 28.90% vs 29.76% for SCHV. Their correlation of 0.91 suggests significant overlap in exposure. GMOV charges 0.50%/yr vs 0.04%/yr for SCHV.

Performance

GMOV vs. SCHV - Performance Comparison

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

Returns By Period

In the year-to-date period, GMOV achieves a 11.41% return, which is significantly lower than SCHV's 15.97% return.

GMOV

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

SCHV

• 1D: 0.50%
• 1M: 5.01%
• YTD: 15.97%
• 6M: 16.54%
• 1Y: 29.76%
• 3Y*: 19.24%
• 5Y*: 10.51%
• 10Y*: 11.51%

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

GMOV vs. SCHV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GMOV GMO U.S. Value ETF	11.41%	14.81%	-1.27%
SCHV Schwab U.S. Large-Cap Value ETF	15.97%	16.02%	-1.80%

Correlation

The correlation between GMOV and SCHV is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024	0.91

The correlation between GMOV and SCHV has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

GMOV vs. SCHV — Risk / Return Rank

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

GMOV

GMOV Risk / Return Rank: 84
GMOV Sharpe Ratio Rank: 83
GMOV Sortino Ratio Rank: 88
GMOV Omega Ratio Rank: 80
GMOV Calmar Ratio Rank: 87
GMOV Martin Ratio Rank: 82

SCHV

SCHV Risk / Return Rank: 85
SCHV Sharpe Ratio Rank: 86
SCHV Sortino Ratio Rank: 88
SCHV Omega Ratio Rank: 83
SCHV Calmar Ratio Rank: 83
SCHV Martin Ratio Rank: 85

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. SCHV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Value ETF (GMOV) and Schwab U.S. Large-Cap Value ETF (SCHV). 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	SCHV	Difference
Sharpe ratio: Return per unit of total volatility	2.66	2.82	-0.15
Sortino ratio: Return per unit of downside risk	3.95	3.99	-0.04
Omega ratio: Gain probability vs. loss probability	1.47	1.50	-0.03
Calmar ratio: Return relative to maximum drawdown	4.78	4.38	+0.40
Martin ratio: Return relative to average drawdown	16.11	17.71	-1.61
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. SCHV - Sharpe Ratio Comparison

The current GMOV Sharpe Ratio is 2.66, which is comparable to the SCHV Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of GMOV and SCHV, 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	SCHV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	2.82	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.06	0.72	+0.34

Drawdowns

GMOV vs. SCHV - Drawdown Comparison

The maximum GMOV drawdown since its inception was -16.71%, smaller than the maximum SCHV drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for GMOV and SCHV.

Drawdown Indicators

	GMOV	SCHV	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-37.08%	+20.37%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-6.83%	+0.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.08%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.84%	-3.83%	+0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	1.68%	+0.12%

Volatility

GMOV vs. SCHV - Volatility Comparison

The current volatility for GMO U.S. Value ETF (GMOV) is 2.34%, while Schwab U.S. Large-Cap Value ETF (SCHV) has a volatility of 2.97%. This indicates that GMOV experiences smaller price fluctuations and is considered to be less risky than SCHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMOV	SCHV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.34%	2.97%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	7.32%	8.14%	-0.82%
Volatility (1Y) Calculated over the trailing 1-year period	10.92%	10.63%	+0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	14.51%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	16.93%	-1.99%

GMOV vs. SCHV - Expense Ratio Comparison

GMOV has a 0.50% expense ratio, which is higher than SCHV's 0.04% expense ratio.

Dividends

GMOV vs. SCHV - Dividend Comparison

GMOV's dividend yield for the trailing twelve months is around 2.00%, more than SCHV's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMOV GMO U.S. Value ETF	2.00%	1.98%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHV Schwab U.S. Large-Cap Value ETF	1.75%	2.02%	2.25%	2.42%	2.37%	1.93%	3.03%	3.02%	3.05%	2.37%	2.65%	2.69%

Frequently Asked Questions

Can I hold both GMOV and SCHV in my portfolio?

GMOV and SCHV have a correlation of 0.88, 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 SCHV?

SCHV has higher volatility (2.97%) compared to GMOV (2.34%). In terms of maximum drawdown, GMOV dropped -16.71% vs SCHV's -37.08%.

Which ETF is better, GMOV or SCHV?

On 1-year performance, SCHV leads with 29.76% vs 28.90% for GMOV. On fees, SCHV is cheaper at 0.04% per year. On volatility, GMOV has been the lower-risk option at 2.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMOV or SCHV?

Over the 1-year period, SCHV has performed better with a 29.76% return vs 28.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMOV or SCHV?

SCHV is cheaper with a 0.04% expense ratio, compared with 0.50% for GMOV.

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

GMOV has the higher dividend yield at 2.00%, compared with 1.75% for SCHV.

What is the main difference between GMOV and SCHV?

GMOV tracks MSCI USA Value (Gross), while SCHV tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index. They also come from different issuers: GMO and Charles Schwab. Their fees differ too: 0.50% for GMOV and 0.04% for SCHV.

Which has better risk-adjusted returns?

SCHV currently has the higher Sharpe Ratio (2.82 vs 2.66), 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.