GMOV vs IVV
GMO US Value ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. GMOV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | GMOV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $110M | $907.0B | |
| Dividend Yield | 1.88% | 1.10% | |
| Holdings | 166 | 508 | |
| YTD Return | +19.19% | +14.29% | |
| 1Y Return | +27.88% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 12.6% | 15.1% | |
| Max Drawdown | -17.0% | -56.5% | |
| Fund Family | GMO | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 28, 2024 | May 15, 2000 |
GMOV vs IVV Performance
GMO US Value ETF (GMOV) is a ETF from GMO and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GMOV returned +27.88% while IVV returned +21.79%. Year to date, GMOV is up 19.19% versus a gain of 14.29% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.6% 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 -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.10% for IVV.
Holdings Overlap
GMOV and IVV share 118 holdings out of 553 unique holdings combined, representing a 24.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $47 per year of difference.
Which performed better, GMOV or IVV?
Over the past year GMOV returned +27.88% vs +21.79% for IVV, so GMOV leads on 1-year performance. Over the longest common window we track (2 years), GMOV annualized +18.56% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, GMOV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.6% for GMOV. Worst drawdown: GMOV -17.0% vs IVV -56.5%.
Should I hold both GMOV and IVV?
GMOV and IVV have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GMOV and IVV?
GMOV and IVV share 118 common holdings with a 24.0% weight overlap. Combined, they hold 553 unique securities.
Which pays a higher dividend, GMOV or IVV?
GMOV yields 1.88% while IVV yields 1.10%, so GMOV currently pays the higher dividend yield.
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