- ISIN
- US3620082608
- Issuer
- GMO
- Inception Date
- Feb 6, 2004
- Category
- Large Cap Blend Equities
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GQETX Performance Chart
GMO Quality Fund (GQETX) is up 4.5% since the beginning of the year. GQETX is currently trading at $37 per share. Investors who bought $1,000 worth of GQETX shares 5 years ago would now be looking at an investment worth $1,872.
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Returns By Period
GMO Quality Fund (GQETX) has returned 4.54% so far this year and 21.43% over the past 12 months. Looking at the last ten years, GQETX has achieved an annualized return of 16.10%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
GMO Quality Fund
- 1D
- 0.94%
- 1M
- -0.16%
- YTD
- 4.54%
- 6M
- 4.57%
- 1Y
- 21.43%
- 3Y*
- 16.41%
- 5Y*
- 13.36%
- 10Y*
- 16.10%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GQETX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2005, GQETX's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, an investment would double in approximately 5.9 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +12.0%, while the worst month was Oct 2008 at -11.9%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 3 months.
On a daily basis, GQETX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.4%, while the worst single day was Mar 16, 2020 at -10.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.46% | -0.99% | -7.42% | 9.40% | 4.27% | -1.45% | 4.54% | ||||||
| 2025 | 5.18% | -0.99% | -4.95% | -0.59% | 4.27% | 4.57% | -1.18% | 2.91% | 3.31% | 2.90% | 2.20% | 0.89% | 19.61% |
| 2024 | 2.71% | 5.05% | 2.71% | -3.77% | 3.49% | 3.97% | 1.20% | 3.03% | 1.60% | -3.07% | 3.40% | -3.36% | 17.76% |
| 2023 | 6.72% | -3.45% | 5.47% | 3.19% | 2.75% | 5.34% | 2.68% | -1.81% | -5.01% | -0.34% | 8.74% | 2.35% | 28.94% |
| 2022 | -3.68% | -4.23% | 1.46% | -6.08% | 0.60% | -6.77% | 7.12% | -4.98% | -8.35% | 7.66% | 7.15% | -4.57% | -15.33% |
| 2021 | -1.68% | 3.22% | 5.16% | 5.71% | 1.56% | 1.19% | 2.95% | 1.83% | -4.65% | 6.08% | -3.14% | 10.58% | 31.67% |
Benchmark Metrics
GMO Quality Fund has an annualized alpha of 3.98%, beta of 0.82, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since January 03, 2005.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (97.09%) than losses (83.91%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.98% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 3.98%
- Beta
- 0.82
- R²
- 0.90
- Upside Capture
- 97.09%
- Downside Capture
- 83.91%
Expense Ratio
GQETX has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GQETX ranks 31 for risk / return — below 31% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GMO Quality Fund (GQETX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GQETX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.78 | -1.17 |
| Martin ratioReturn relative to average drawdown | 6.36 | 12.44 | -6.08 |
Dividends
Dividend History
GMO Quality Fund provided a 10.68% dividend yield over the last twelve months, with an annual payout of $3.91 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.91 | $3.91 | $1.28 | $0.99 | $2.73 | $3.10 | $3.48 | $2.00 | $4.41 | $1.98 | $0.73 | $3.34 |
Dividend yield | 10.68% | 11.16% | 3.91% | 3.43% | 11.85% | 10.19% | 13.61% | 8.08% | 21.66% | 8.10% | 3.56% | 17.25% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO Quality Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $0.00 | $0.00 | $0.00 | $0.00 | $3.06 | $3.91 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $1.28 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.94 | $0.99 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.00 | $0.00 | $0.00 | $0.00 | $2.01 | $2.73 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.00 | $0.00 | $2.54 | $3.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the GMO Quality Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the GMO Quality Fund was 39.99%, occurring on Mar 9, 2009. Recovery took 538 trading sessions.
The current GMO Quality Fund drawdown is 1.45%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -39.99%Mar 2009 | 1y 4mo | 2y 1mo | 3y 5moNov 2007 - Apr 2011 |
COVID crash2020 | -30.44%Mar 2020 | 1mo 2d | 4mo 20d | 5mo 22dFeb 2020 - Aug 2020 |
Bear market2022 | -24.22%Oct 2022 | 9mo 11d | 8mo 4d | 1y 5moJan 2022 - Jun 2023 |
Rate-hike selloffLate 2018 | -16.88%Dec 2018 | 2mo 23d | 2mo 27d | 5mo 20dOct 2018 - Mar 2019 |
2025 selloff2025 | -15.54%Apr 2025 | 1mo 17d | 2mo 20d | 4mo 7dFeb 2025 - Jun 2025 |
Drawdown Indicators
| GQETX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.99% | -56.78% | +16.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.76% | -9.10% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -18.90% | +3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -24.22% | -25.43% | +1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -30.44% | -33.92% | +3.48% |
Current DrawdownCurrent decline from peak | -1.45% | -1.80% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -10.71% | +5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.03% | +1.20% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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