GMOC vs. QLTY

Last updated Jun 6, 2026

GMOC (GMO Ultra-Short Income ETF) and QLTY (GMO U.S. Quality ETF) are both exchange-traded funds - GMOC is a Ultrashort Bond fund actively managed by GMO, while QLTY is a Large Cap Blend Equities fund tracking the S&P 500. GMOC is actively managed, while QLTY is passively managed. At a 0.15 correlation, their price movements are largely independent. GMOC charges 0.20%/yr vs 0.50%/yr for QLTY.

Performance

GMOC vs. QLTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Ultra-Short Income ETF (GMOC) and GMO U.S. Quality ETF (QLTY). 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 QLTY's 5.90% return.

GMOC

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

QLTY

• 1D: -1.91%
• 1M: 0.49%
• YTD: 5.90%
• 6M: 6.08%
• 1Y: 25.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMOC vs. QLTY - Yearly Performance Comparison

	2026 (YTD)	2025
GMOC GMO Ultra-Short Income ETF	1.65%	0.76%
QLTY GMO U.S. Quality ETF	5.90%	1.78%

Correlation

The correlation between GMOC and QLTY is 0.15, 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	0.15

Return for Risk

GMOC vs. QLTY — Risk / Return Rank

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

QLTY

QLTY Risk / Return Rank: 59
QLTY Sharpe Ratio Rank: 65
QLTY Sortino Ratio Rank: 66
QLTY Omega Ratio Rank: 62
QLTY Calmar Ratio Rank: 46
QLTY Martin Ratio Rank: 54

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. QLTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Ultra-Short Income ETF (GMOC) and GMO U.S. Quality ETF (QLTY). 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	QLTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	8.33	1.47	+6.86

Drawdowns

GMOC vs. QLTY - Drawdown Comparison

The maximum GMOC drawdown since its inception was -0.13%, smaller than the maximum QLTY drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for GMOC and QLTY.

Drawdown Indicators

	GMOC	QLTY	Difference
Max Drawdown Largest peak-to-trough decline	-0.13%	-17.00%	+16.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.71%	—
Current Drawdown Current decline from peak	0.00%	-2.07%	+2.07%
Average Drawdown Average peak-to-trough decline	-0.01%	-2.05%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.87%	—

Volatility

Volatility by Period

	GMOC	QLTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.49%	12.43%	-11.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.49%	14.67%	-14.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.49%	14.67%	-14.18%

GMOC vs. QLTY - Expense Ratio Comparison

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

Dividends

GMOC vs. QLTY - Dividend Comparison

GMOC's dividend yield for the trailing twelve months is around 2.33%, more than QLTY's 0.72% yield.

Position	TTM	2025	2024	2023
GMOC GMO Ultra-Short Income ETF	2.33%	0.84%	0.00%	0.00%
QLTY GMO U.S. Quality ETF	0.72%	0.73%	0.79%	0.15%

Frequently Asked Questions

Can I hold both GMOC and QLTY in my portfolio?

GMOC and QLTY have a correlation of 0.15, 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 QLTY?

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 QLTY?

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

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

GMOC has the higher dividend yield at 2.33%, compared with 0.72% for QLTY.

What is the main difference between GMOC and QLTY?

GMOC is categorized as Ultrashort Bond, while QLTY is Large Cap Blend Equities. Their fees differ too: 0.20% for GMOC and 0.50% for QLTY.