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GMOV vs. XVLU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GMOV vs. XVLU.TO

Last updated Jun 4, 2026

GMOV (GMO U.S. Value ETF) and XVLU.TO (iShares MSCI USA Value Factor Index ETF) are both Large Cap Value Equities funds - GMOV tracks the MSCI USA Value (Gross) while XVLU.TO tracks the MSCI USA Enhanced Value Index. Both are passively managed. Over the past year, GMOV returned 27.00% vs 93.25% for XVLU.TO. A 0.72 correlation means they provide meaningful diversification when combined. GMOV charges 0.50%/yr vs 0.32%/yr for XVLU.TO.

Performance

GMOV vs. XVLU.TO - Performance Comparison

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

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Different Trading Currencies

GMOV is traded in USD, while XVLU.TO is traded in CAD. To make them comparable, the XVLU.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GMOV achieves a 10.24% return, which is significantly lower than XVLU.TO's 48.76% return.

GMOV

1D
-0.59%
1M
2.52%
YTD
10.24%
6M
11.68%
1Y
27.00%
3Y*
—
5Y*
—
10Y*
—

XVLU.TO

1D
-0.35%
1M
20.85%
YTD
48.76%
6M
52.14%
1Y
93.25%
3Y*
33.51%
5Y*
15.74%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GMOV vs. XVLU.TO - Yearly Performance Comparison

2026 (YTD)20252024
GMOV
GMO U.S. Value ETF		10.24%14.81%-1.27%
XVLU.TO
iShares MSCI USA Value Factor Index ETF		48.76%32.22%-2.42%

Correlation

The correlation between GMOV and XVLU.TO is 0.66, 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

0.66

Correlation (All Time)
Calculated using the full available price history since Oct 30, 2024

0.72

The correlation between GMOV and XVLU.TO has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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GMO U.S. Value ETF

iShares MSCI USA Value Factor Index ETF

Often compared with GMOV:
GMOV vs. QLTIGMOV vs. DHLXGMOV vs. ABEQGMOV vs. DIVZGMOV vs. ZVC.TOGMOV vs. CSTKGMOV vs. ELCV
Often compared with XVLU.TO:
XVLU.TO vs. VLUEXVLU.TO vs. VFV.TOXVLU.TO vs. XQLT.TOXVLU.TO vs. XSMC.TOXVLU.TO vs. FCUV.TOXVLU.TO vs. XDU.TOXVLU.TO vs. XDG.TO

Return for Risk

GMOV vs. XVLU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GMOV
GMOV Risk / Return Rank: 7979
Overall Rank
GMOV Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
GMOV Sortino Ratio Rank: 8484
Sortino Ratio Rank
GMOV Omega Ratio Rank: 7575
Omega Ratio Rank
GMOV Calmar Ratio Rank: 8383
Calmar Ratio Rank
GMOV Martin Ratio Rank: 7878
Martin Ratio Rank
XVLU.TO
XVLU.TO Risk / Return Rank: 9898
Overall Rank
XVLU.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XVLU.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XVLU.TO Omega Ratio Rank: 9797
Omega Ratio Rank
XVLU.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
XVLU.TO Martin Ratio Rank: 9898
Martin Ratio Rank
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. XVLU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Value ETF (GMOV) and iShares MSCI USA Value Factor Index ETF (XVLU.TO). 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.

GMOVXVLU.TODifference
Sharpe ratioReturn per unit of total volatility
2.49
5.34

-2.84

Sortino ratioReturn per unit of downside risk
3.72
6.80

-3.08

Omega ratioGain probability vs. loss probability

1.44

1.89

-0.45

Calmar ratioReturn relative to maximum drawdown

4.46

10.41

-5.95

Martin ratioReturn relative to average drawdown

15.05

46.95

-31.90

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. XVLU.TO - Sharpe Ratio Comparison

The current GMOV Sharpe Ratio is 2.49, which is lower than the XVLU.TO Sharpe Ratio of 5.34. The chart below compares the historical Sharpe Ratios of GMOV and XVLU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

GMOVXVLU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.49

5.34

-2.84

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.89

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.02

0.78

+0.23

Drawdowns

GMOV vs. XVLU.TO - Drawdown Comparison

The maximum GMOV drawdown since its inception was -16.71%, smaller than the maximum XVLU.TO drawdown of -40.13%. Use the drawdown chart below to compare losses from any high point for GMOV and XVLU.TO.

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Drawdown Indicators

GMOVXVLU.TODifference

Max Drawdown

Largest peak-to-trough decline

-16.71%

-40.13%

+23.42%

Max Drawdown (1Y)

Largest decline over 1 year

-6.08%

-9.01%

+2.93%

Max Drawdown (3Y)

Largest decline over 3 years

—

-18.22%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-27.42%

—

Current Drawdown

Current decline from peak

-0.76%

-0.35%

-0.41%

Average Drawdown

Average peak-to-trough decline

-2.84%

-8.52%

+5.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.80%

1.99%

-0.19%

Volatility

GMOV vs. XVLU.TO - Volatility Comparison

The current volatility for GMO U.S. Value ETF (GMOV) is 2.18%, while iShares MSCI USA Value Factor Index ETF (XVLU.TO) has a volatility of 7.68%. This indicates that GMOV experiences smaller price fluctuations and is considered to be less risky than XVLU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GMOVXVLU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.18%

7.68%

-5.50%

Volatility (6M)

Calculated over the trailing 6-month period

7.26%

14.14%

-6.88%

Volatility (1Y)

Calculated over the trailing 1-year period

10.90%

17.58%

-6.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.94%

17.71%

-2.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.94%

21.13%

-6.19%

GMOV vs. XVLU.TO - Expense Ratio Comparison

GMOV has a 0.50% expense ratio, which is higher than XVLU.TO's 0.32% expense ratio.

Dividends

GMOV vs. XVLU.TO - Dividend Comparison

GMOV's dividend yield for the trailing twelve months is around 2.02%, more than XVLU.TO's 1.12% yield.

PositionTTM2025202420232022202120202019
GMOV
GMO U.S. Value ETF		2.02%1.98%0.30%0.00%0.00%0.00%0.00%0.00%
XVLU.TO
iShares MSCI USA Value Factor Index ETF		1.12%1.75%2.17%2.26%2.51%2.03%2.72%0.68%

Frequently Asked Questions

GMOV and XVLU.TO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XVLU.TO is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XVLU.TO is cheaper with a 0.32% expense ratio, compared with 0.50% for GMOV.

GMOV tracks MSCI USA Value (Gross), while XVLU.TO tracks MSCI USA Enhanced Value Index. They also come from different issuers: GMO and iShares. Their fees differ too: 0.50% for GMOV and 0.32% for XVLU.TO.

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