- CUSIP
- 90139K100
- Issuer
- GMO
- Inception Date
- Nov 13, 2023
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $4B
Share Price Chart
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Performance
QLTY Performance Chart
GMO U.S. Quality ETF (QLTY) is up 6.6% since the beginning of the year. QLTY is currently trading at $41 per share.
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Returns By Period
GMO U.S. Quality ETF (QLTY) has returned 6.61% so far this year and 25.95% over the past 12 months.
GMO U.S. Quality ETF
- 1D
- -0.46%
- 1M
- -0.22%
- YTD
- 6.61%
- 6M
- 5.96%
- 1Y
- 25.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
QLTY Monthly Returns History
Based on dividend-adjusted daily data since Nov 15, 2023, QLTY's average daily return is +0.08%, while the average monthly return is +1.63%. At this rate, an investment would double in approximately 3.6 years.
Historically, 69% of months were positive and 31% were negative. The best month was Apr 2026 with a return of +10.1%, while the worst month was Mar 2026 at -6.4%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, QLTY closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +9.1%, while the worst single day was Apr 4, 2025 at -5.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.05% | -1.32% | -6.42% | 10.12% | 4.22% | -1.42% | 6.61% | ||||||
| 2025 | 4.94% | -1.28% | -5.47% | -1.66% | 5.30% | 5.84% | -0.27% | 2.32% | 3.95% | 3.29% | 2.65% | 0.46% | 21.26% |
| 2024 | 3.08% | 5.76% | 2.47% | -3.27% | 3.10% | 4.90% | 0.42% | 2.92% | 1.90% | -3.25% | 4.37% | -2.63% | 21.02% |
| 2023 | 1.87% | 3.32% | 5.25% |
Benchmark Metrics
GMO U.S. Quality ETF has an annualized alpha of 1.45%, beta of 0.91, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since November 15, 2023.
- This ETF participated in 112.13% of S&P 500 Index downside but only 103.96% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.91 and R2 of 0.91, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.45%
- Beta
- 0.91
- R²
- 0.91
- Upside Capture
- 103.96%
- Downside Capture
- 112.13%
Expense Ratio
QLTY has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
QLTY ranks 59 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GMO U.S. Quality ETF (QLTY) 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.
| QLTY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.78 | -0.56 |
| Martin ratioReturn relative to average drawdown | 9.04 | 12.44 | -3.39 |
Dividends
Dividend History
GMO U.S. Quality ETF provided a 0.71% dividend yield over the last twelve months, with an annual payout of $0.29 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.29 | $0.28 | $0.25 | $0.04 |
Dividend yield | 0.71% | 0.73% | 0.79% | 0.15% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO U.S. Quality ETF. 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 | $0.06 | $0.00 | $0.00 | $0.00 | $0.06 | ||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.28 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.25 |
| 2023 | $0.04 | $0.04 |
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 U.S. Quality ETF. 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 U.S. Quality ETF was 17.00%, occurring on Apr 8, 2025. Recovery took 55 trading sessions.
The current GMO U.S. Quality ETF drawdown is 1.93%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -17.00%Apr 2025 | 1mo 17d | 2mo 20d | 4mo 7dFeb 2025 - Jun 2025 |
2026 correction2026 | -11.71%Mar 2026 | 2mo 16d | 1mo 6d | 3mo 22dJan 2026 - May 2026 |
2024 pullback2024 | -7.03%Aug 2024 | 19d | 25d | 1mo 14dJul 2024 - Aug 2024 |
2024 pullback2024 | -4.36%Oct 2024 | 16d | 1mo 2d | 1mo 18dOct 2024 - Dec 2024 |
2025 pullback2025 | -4.35%Nov 2025 | 23d | 5d | 28dOct 2025 - Nov 2025 |
Drawdown Indicators
| QLTY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.00% | -56.78% | +39.78% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -9.10% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.93% | -1.80% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -10.71% | +8.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.03% | +0.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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