GMOC vs. FUSI

Last updated Jun 6, 2026

GMOC (GMO Ultra-Short Income ETF) and FUSI (American Century Multisector Floating Income ETF) are both Ultrashort Bond funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. GMOC charges 0.20%/yr vs 0.28%/yr for FUSI.

Performance

GMOC vs. FUSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Ultra-Short Income ETF (GMOC) and American Century Multisector Floating Income ETF (FUSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMOC achieves a 1.65% return, which is significantly lower than FUSI's 2.41% return.

GMOC

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.65%
• 6M: 2.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FUSI

• 1D: -0.11%
• 1M: 0.68%
• YTD: 2.41%
• 6M: 2.77%
• 1Y: 5.42%
• 3Y*: 5.94%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GMOC vs. FUSI - Yearly Performance Comparison

	2026 (YTD)	2025
GMOC GMO Ultra-Short Income ETF	1.65%	0.76%
FUSI American Century Multisector Floating Income ETF	2.41%	0.48%

Correlation

The correlation between GMOC and FUSI is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025	0.17

Return for Risk

GMOC vs. FUSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FUSI

FUSI Risk / Return Rank: 98
FUSI Sharpe Ratio Rank: 98
FUSI Sortino Ratio Rank: 99
FUSI Omega Ratio Rank: 99
FUSI Calmar Ratio Rank: 98
FUSI Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GMOC vs. FUSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Ultra-Short Income ETF (GMOC) and American Century Multisector Floating Income ETF (FUSI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GMOC	FUSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	8.33	5.55	+2.78

Drawdowns

GMOC vs. FUSI - Drawdown Comparison

The maximum GMOC drawdown since its inception was -0.13%, smaller than the maximum FUSI drawdown of -0.70%. Use the drawdown chart below to compare losses from any high point for GMOC and FUSI.

Drawdown Indicators

	GMOC	FUSI	Difference
Max Drawdown Largest peak-to-trough decline	-0.13%	-0.70%	+0.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.45%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.70%	—
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	-0.01%	-0.04%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.06%	—

Volatility

Volatility by Period

	GMOC	FUSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.49%	0.92%	-0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.49%	1.09%	-0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.49%	1.09%	-0.60%

GMOC vs. FUSI - Expense Ratio Comparison

GMOC has a 0.20% expense ratio, which is lower than FUSI's 0.28% expense ratio.

Dividends

GMOC vs. FUSI - Dividend Comparison

GMOC's dividend yield for the trailing twelve months is around 2.33%, less than FUSI's 5.26% yield.

Position	TTM	2025	2024	2023
FUSI American Century Multisector Floating Income ETF	5.26%	5.28%	5.98%	4.97%
GMOC GMO Ultra-Short Income ETF	2.33%	0.84%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GMOC and FUSI in my portfolio?

GMOC and FUSI have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMOC or FUSI?

On fees, GMOC is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GMOC or FUSI?

GMOC is cheaper with a 0.20% expense ratio, compared with 0.28% for FUSI.

Which ETF pays a higher dividend yield, GMOC or FUSI?

FUSI has the higher dividend yield at 5.26%, compared with 2.33% for GMOC.

What is the main difference between GMOC and FUSI?

They also come from different issuers: GMO and American Century. Their fees differ too: 0.20% for GMOC and 0.28% for FUSI.