GMOV vs. ZVC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about GMO U.S. Value ETF (GMOV) and BMO MSCI Canada Value Index ETF (ZVC.TO).

GMOV and ZVC.TO 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. ZVC.TO is a passively managed fund by BMO that tracks the performance of the MSCI Canada Enhanced Value Capped Index. It was launched on Oct 4, 2017. Both GMOV and ZVC.TO 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. ZVC.TO - Performance Comparison

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

GMOV vs. ZVC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GMOV GMO U.S. Value ETF	2.83%	14.81%	-1.27%
ZVC.TO BMO MSCI Canada Value Index ETF	5.26%	36.54%	-3.10%

Different Trading Currencies

GMOV is traded in USD, while ZVC.TO is traded in CAD. To make them comparable, the ZVC.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 2.83% return, which is significantly lower than ZVC.TO's 5.26% return.

GMOV

• 1D: 1.54%
• 1M: -3.42%
• YTD: 2.83%
• 6M: 7.54%
• 1Y: 17.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZVC.TO

• 1D: 1.40%
• 1M: -3.43%
• YTD: 5.26%
• 6M: 15.30%
• 1Y: 42.92%
• 3Y*: 18.79%
• 5Y*: 14.05%
• 10Y*: —

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

GMOV vs. ZVC.TO - Expense Ratio Comparison

GMOV has a 0.50% expense ratio, which is higher than ZVC.TO's 0.40% expense ratio.

GMOV

GMO U.S. Value ETF

ZVC.TO

BMO MSCI Canada Value Index ETF

Return for Risk

GMOV vs. ZVC.TO — Risk / Return Rank

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

GMOV

GMOV Risk / Return Rank: 59
GMOV Sharpe Ratio Rank: 58
GMOV Sortino Ratio Rank: 59
GMOV Omega Ratio Rank: 59
GMOV Calmar Ratio Rank: 56
GMOV Martin Ratio Rank: 63

ZVC.TO

ZVC.TO Risk / Return Rank: 96
ZVC.TO Sharpe Ratio Rank: 97
ZVC.TO Sortino Ratio Rank: 97
ZVC.TO Omega Ratio Rank: 97
ZVC.TO Calmar Ratio Rank: 93
ZVC.TO Martin Ratio Rank: 97

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. ZVC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Value ETF (GMOV) and BMO MSCI Canada Value Index ETF (ZVC.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.

	GMOV	ZVC.TO	Difference
Sharpe ratio Return per unit of total volatility	1.07	2.79	-1.72
Sortino ratio Return per unit of downside risk	1.58	3.67	-2.09
Omega ratio Gain probability vs. loss probability	1.22	1.57	-0.34
Calmar ratio Return relative to maximum drawdown	1.49	3.99	-2.50
Martin ratio Return relative to average drawdown	6.48	22.50	-16.02
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. ZVC.TO - Sharpe Ratio Comparison

The current GMOV Sharpe Ratio is 1.07, which is lower than the ZVC.TO Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of GMOV and ZVC.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GMOV	ZVC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	2.79	-1.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.48	+0.27

Correlation

The correlation between GMOV and ZVC.TO is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GMOV vs. ZVC.TO - Dividend Comparison

GMOV's dividend yield for the trailing twelve months is around 2.17%, more than ZVC.TO's 2.13% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GMOV GMO U.S. Value ETF	2.17%	1.98%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZVC.TO BMO MSCI Canada Value Index ETF	2.13%	2.23%	2.87%	3.32%	2.96%	2.41%	3.30%	2.66%	2.67%

Drawdowns

GMOV vs. ZVC.TO - Drawdown Comparison

The maximum GMOV drawdown since its inception was -16.71%, smaller than the maximum ZVC.TO drawdown of -47.81%. Use the drawdown chart below to compare losses from any high point for GMOV and ZVC.TO.

Drawdown Indicators

	GMOV	ZVC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-41.00%	+24.29%
Max Drawdown (1Y) Largest decline over 1 year	-12.18%	-11.03%	-1.15%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.17%	—
Current Drawdown Current decline from peak	-4.32%	-1.82%	-2.50%
Average Drawdown Average peak-to-trough decline	-3.07%	-5.02%	+1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.08%	+0.72%

Volatility

GMOV vs. ZVC.TO - Volatility Comparison

The current volatility for GMO U.S. Value ETF (GMOV) is 3.34%, while BMO MSCI Canada Value Index ETF (ZVC.TO) has a volatility of 4.48%. This indicates that GMOV experiences smaller price fluctuations and is considered to be less risky than ZVC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMOV	ZVC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	4.48%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	8.08%	9.44%	-1.36%
Volatility (1Y) Calculated over the trailing 1-year period	16.10%	15.49%	+0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	16.85%	-1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	20.36%	-4.85%