GMOC vs. GMOD

Last updated Jun 6, 2026

GMOC (GMO Ultra-Short Income ETF) and GMOD (GMO Dynamic Allocation ETF) are both exchange-traded funds - GMOC is a Ultrashort Bond fund actively managed by GMO, while GMOD is a Tactical Allocation fund actively managed by GMO. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. GMOC charges 0.20%/yr vs 0.50%/yr for GMOD.

Performance

GMOC vs. GMOD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Ultra-Short Income ETF (GMOC) and GMO Dynamic Allocation ETF (GMOD). 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 GMOD's 5.74% return.

GMOC

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

GMOD

• 1D: -1.79%
• 1M: -1.01%
• YTD: 5.74%
• 6M: 6.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMOC vs. GMOD - Yearly Performance Comparison

	2026 (YTD)	2025
GMOC GMO Ultra-Short Income ETF	1.65%	0.76%
GMOD GMO Dynamic Allocation ETF	5.74%	1.84%

Correlation

The correlation between GMOC and GMOD 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. GMOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Ultra-Short Income ETF (GMOC) and GMO Dynamic Allocation ETF (GMOD). 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	GMOD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	8.33	1.77	+6.56

Drawdowns

GMOC vs. GMOD - Drawdown Comparison

The maximum GMOC drawdown since its inception was -0.13%, smaller than the maximum GMOD drawdown of -6.50%. Use the drawdown chart below to compare losses from any high point for GMOC and GMOD.

Drawdown Indicators

	GMOC	GMOD	Difference
Max Drawdown Largest peak-to-trough decline	-0.13%	-6.50%	+6.37%
Current Drawdown Current decline from peak	0.00%	-1.83%	+1.83%
Average Drawdown Average peak-to-trough decline	-0.01%	-1.16%	+1.15%

Volatility

Volatility by Period

	GMOC	GMOD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.49%	8.95%	-8.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.49%	8.95%	-8.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.49%	8.95%	-8.46%

GMOC vs. GMOD - Expense Ratio Comparison

GMOC has a 0.20% expense ratio, which is lower than GMOD's 0.50% expense ratio.

Dividends

GMOC vs. GMOD - Dividend Comparison

GMOC's dividend yield for the trailing twelve months is around 2.33%, more than GMOD's 0.88% yield.

Position	TTM	2025
GMOC GMO Ultra-Short Income ETF	2.33%	0.84%
GMOD GMO Dynamic Allocation ETF	0.88%	0.93%

Frequently Asked Questions

Can I hold both GMOC and GMOD in my portfolio?

GMOC and GMOD 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 GMOD?

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 GMOD?

GMOC is cheaper with a 0.20% expense ratio, compared with 0.50% for GMOD.

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

GMOC has the higher dividend yield at 2.33%, compared with 0.88% for GMOD.

What is the main difference between GMOC and GMOD?

GMOC is categorized as Ultrashort Bond, while GMOD is Tactical Allocation. Their fees differ too: 0.20% for GMOC and 0.50% for GMOD.