GMOV vs. USLV.L
Compare and contrast key facts about GMO U.S. Value ETF (GMOV) and SPDR S&P 500 Low Volatility UCITS ETF (USLV.L).
GMOV and USLV.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GMOV is a passively managed fund by GMO that tracks the performance of the MSCI USA Value (Gross). It was launched on Oct 28, 2024. USLV.L is a passively managed fund by State Street that tracks the performance of the S&P 500 Low Volatility Index. It was launched on Oct 3, 2012. Both GMOV and USLV.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GMOV vs. USLV.L - Performance Comparison
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GMOV vs. USLV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GMOV GMO U.S. Value ETF | 2.77% | 14.81% | -1.27% |
USLV.L SPDR S&P 500 Low Volatility UCITS ETF | 2.25% | 4.68% | -2.37% |
Different Trading Currencies
GMOV is traded in USD, while USLV.L is traded in GBP. To make them comparable, the USLV.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GMOV achieves a 2.77% return, which is significantly higher than USLV.L's 2.25% return.
GMOV
- 1D
- -0.06%
- 1M
- -3.28%
- YTD
- 2.77%
- 6M
- 7.12%
- 1Y
- 17.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USLV.L
- 1D
- 0.60%
- 1M
- -5.47%
- YTD
- 2.25%
- 6M
- 1.02%
- 1Y
- -0.22%
- 3Y*
- 7.58%
- 5Y*
- 6.43%
- 10Y*
- 7.87%
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GMOV vs. USLV.L - Expense Ratio Comparison
GMOV has a 0.50% expense ratio, which is higher than USLV.L's 0.35% expense ratio.
Return for Risk
GMOV vs. USLV.L — Risk / Return Rank
GMOV
USLV.L
GMOV vs. USLV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Value ETF (GMOV) and SPDR S&P 500 Low Volatility UCITS ETF (USLV.L). 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 | USLV.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | -0.02 | +1.10 |
Sortino ratioReturn per unit of downside risk | 1.61 | 0.06 | +1.54 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.01 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | -0.07 | +1.47 |
Martin ratioReturn relative to average drawdown | 6.04 | -0.23 | +6.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GMOV | USLV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | -0.02 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.71 | +0.03 |
Correlation
The correlation between GMOV and USLV.L is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GMOV vs. USLV.L - Dividend Comparison
GMOV's dividend yield for the trailing twelve months is around 2.17%, while USLV.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | |
|---|---|---|---|
GMOV GMO U.S. Value ETF | 2.17% | 1.98% | 0.30% |
USLV.L SPDR S&P 500 Low Volatility UCITS ETF | 0.00% | 0.00% | 0.00% |
Drawdowns
GMOV vs. USLV.L - Drawdown Comparison
The maximum GMOV drawdown since its inception was -16.71%, smaller than the maximum USLV.L drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for GMOV and USLV.L.
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Drawdown Indicators
| GMOV | USLV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.71% | -27.37% | +10.66% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | -8.66% | -3.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.37% | — |
Current DrawdownCurrent decline from peak | -4.38% | -5.12% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -5.15% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 4.10% | -1.28% |
Volatility
GMOV vs. USLV.L - Volatility Comparison
GMO U.S. Value ETF (GMOV) and SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) have volatilities of 3.27% and 3.17%, 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.
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Volatility by Period
| GMOV | USLV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.17% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.08% | 6.86% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.07% | 12.91% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 12.31% | +3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 13.70% | +1.79% |