IUVL.L vs. GMOV
IUVL.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc)) and GMOV (GMO U.S. Value ETF) are both Large Cap Value Equities funds - IUVL.L tracks the MSCI USA Enhanced Value Index while GMOV tracks the MSCI USA Value (Gross). Both are passively managed. Over the past year, IUVL.L returned 89.18% vs 28.90% for GMOV. At a 0.47 correlation, their price movements are largely independent. IUVL.L charges 0.20%/yr vs 0.50%/yr for GMOV.
Performance
IUVL.L vs. GMOV - Performance Comparison
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Returns By Period
In the year-to-date period, IUVL.L achieves a 46.45% return, which is significantly higher than GMOV's 11.41% return.
IUVL.L
- 1D
- -0.85%
- 1M
- 15.82%
- YTD
- 46.45%
- 6M
- 50.45%
- 1Y
- 89.18%
- 3Y*
- 33.44%
- 5Y*
- 15.74%
- 10Y*
- —
GMOV
- 1D
- 1.06%
- 1M
- 3.06%
- YTD
- 11.41%
- 6M
- 12.96%
- 1Y
- 28.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUVL.L vs. GMOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IUVL.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) | 46.45% | 33.07% | -2.20% |
GMOV GMO U.S. Value ETF | 11.41% | 14.81% | -1.27% |
Correlation
The correlation between IUVL.L and GMOV is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024 | 0.47 |
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Return for Risk
IUVL.L vs. GMOV — Risk / Return Rank
IUVL.L
GMOV
IUVL.L vs. GMOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.L) and GMO U.S. Value ETF (GMOV). 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.
| IUVL.L | GMOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.67 | ||
| Sortino ratioReturn per unit of downside risk | +3.25 | ||
| Omega ratioGain probability vs. loss probability | 1.92 | 1.47 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 10.48 | 4.78 | +5.70 |
| Martin ratioReturn relative to average drawdown | 43.31 | 16.11 | +27.21 |
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
| IUVL.L | GMOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.33 | 2.66 | +2.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 1.06 | -0.27 |
Drawdowns
IUVL.L vs. GMOV - Drawdown Comparison
The maximum IUVL.L drawdown since its inception was -39.73%, which is greater than GMOV's maximum drawdown of -16.71%. Use the drawdown chart below to compare losses from any high point for IUVL.L and GMOV.
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Drawdown Indicators
| IUVL.L | GMOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.73% | -16.71% | -23.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -6.08% | -2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | — | — |
Current DrawdownCurrent decline from peak | -0.96% | 0.00% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -7.28% | -2.84% | -4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.80% | +0.25% |
Volatility
IUVL.L vs. GMOV - Volatility Comparison
iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.L) has a higher volatility of 7.66% compared to GMO U.S. Value ETF (GMOV) at 2.34%. This indicates that IUVL.L's price experiences larger fluctuations and is considered to be riskier than GMOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUVL.L | GMOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.66% | 2.34% | +5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 13.43% | 7.32% | +6.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 10.92% | +5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.89% | 14.94% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.97% | 14.94% | +4.03% |
IUVL.L vs. GMOV - Expense Ratio Comparison
IUVL.L has a 0.20% expense ratio, which is lower than GMOV's 0.50% expense ratio.
Dividends
IUVL.L vs. GMOV - Dividend Comparison
IUVL.L has not paid dividends to shareholders, while GMOV's dividend yield for the trailing twelve months is around 2.00%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GMOV GMO U.S. Value ETF | 2.00% | 1.98% | 0.30% |
IUVL.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IUVL.L and GMOV have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUVL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUVL.L is cheaper with a 0.20% expense ratio, compared with 0.50% for GMOV.
IUVL.L tracks MSCI USA Enhanced Value Index, while GMOV tracks MSCI USA Value (Gross). They also come from different issuers: iShares and GMO. Their fees differ too: 0.20% for IUVL.L and 0.50% for GMOV.
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