GMOV vs IVV
GMO US Value ETF vs iShares Core S&P 500 ETF
Which is better, GMOV or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. GMOV led over 1Y and the full window. GMOV is less concentrated, with 32.6% of the fund in its ten largest positions against 37.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GMOV | IVV |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $107M | $876.4B |
| Dividend Yield | 1.88% | 1.06% |
| Holdings | 166 | 508 |
| YTD Return | +19.86%Best | +12.51% |
| 1Y Return | +25.64%Best | +17.57% |
| 3Y Return (annualized) | - | +21.27% |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 12.3%Best | 12.8% |
| Max Drawdown | -17.0%Best | -18.8% |
| $10,000 over 1.9 years | $13,713Best | $13,493 |
| Top 10 Weight | 32.6%Best | 37.9% |
| Fund Family | GMO | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 28, 2024 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 29, 2024 to Sep 11, 2026 (1.9 years).
GMOV vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
GMOV vs IVV Performance
GMO US Value ETF (GMOV) is an ETF from GMO and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year GMOV returned +25.64% while IVV returned +17.57%. Year to date, GMOV is up 19.86% versus a gain of 12.51% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 12.3% for GMOV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.0% for GMOV and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GMOV charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, GMOV currently yields 1.88% against 1.06% for IVV.
Holdings Overlap
87.2% of GMOV's money is in holdings IVV also owns. 25.5% of IVV's money is in holdings GMOV also owns.
Most of GMOV is already inside IVV. Owning both mostly buys the same companies twice.
113 positions in common, counted across the 163 positions we hold weights for in GMOV and 505 in IVV, against full books of 166 and 508.
What only one of them owns
Our book lists 383 positions for IVV that do not appear in our book for GMOV (73.9% of the fund), and 48 for GMOV that do not appear in IVV (12.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GMOV | Weight in IVV | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 7.10% | 5.44% | 1.66% |
| METAMeta Platforms, Inc. | 5.40% | 1.94% | 3.46% |
| XOMExxon Mobil Corp. | 3.60% | 0.94% | 2.66% |
| JPMJpmorgan Chase & Co. | 2.60% | 1.45% | 1.15% |
| MRKMerck & Co. Inc. | 2.90% | 0.48% | 2.42% |
| JNJJohnson & Johnson | 2.00% | 0.93% | 1.07% |
| BACBank Of America Corp. | 2.20% | 0.62% | 1.58% |
| VZVerizon Communications, Inc. | 2.50% | 0.29% | 2.21% |
| PFEPfizer, Inc. | 2.30% | 0.22% | 2.08% |
| BMYBristol-Myers Squibb Co. | 2.00% | 0.20% | 1.80% |
87.2% of GMOV is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GMOV or IVV?
GMOV has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, GMOV or IVV?
Over the past year GMOV returned +25.64% vs +17.57% for IVV, so GMOV leads on 1-year performance. Over the longest common window we track (2 years), GMOV annualized +18.08% vs +17.08% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GMOV or IVV?
IVV has been the more volatile fund at 12.8% annualized versus 12.3% for GMOV. Worst drawdown: GMOV -17.0% vs IVV -18.8%.
Should I hold both GMOV and IVV?
GMOV and IVV have a monthly-return correlation of 0.67, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GMOV and IVV?
87.2% of GMOV's money is in holdings IVV also owns. 25.5% of IVV's is in holdings GMOV also owns. They hold 113 positions in common, counted across the 163 positions we hold weights for in GMOV and 505 in IVV.
Which pays a higher dividend, GMOV or IVV?
GMOV yields 1.88% while IVV yields 1.06%, so GMOV currently pays the higher dividend yield.
Is IVV better than GMOV?
IVV has a lower expense ratio. GMOV led over 1Y and the full window. GMOV is less concentrated, with 32.6% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.