GMOD vs. GGM

Last updated Aug 6, 2026

GMOD (GMO Dynamic Allocation ETF) and GGM (GGM Macro Alignment ETF) are both Tactical Allocation funds. Both are actively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. GMOD charges 0.50%/yr vs 0.94%/yr for GGM.

Performance

GMOD vs. GGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Dynamic Allocation ETF (GMOD) and GGM Macro Alignment ETF (GGM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMOD achieves a 9.44% return, which is significantly lower than GGM's 14.89% return.

GMOD

• 1D: 0.03%
• 1M: 1.25%
• 6M: 5.21%
• YTD: 9.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

GGM

• 1D: -0.18%
• 1M: 2.44%
• 6M: 10.85%
• YTD: 14.89%
• 1Y: 19.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.63%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GGM GGM Macro Alignment ETF	$9.92K	$6.01K	$3.51K
GMOD GMO Dynamic Allocation ETF	$201.53K	$269.48K	$288.39K

GMOD vs. GGM - Yearly Performance Comparison

	2026 (YTD)	2025
GMOD GMO Dynamic Allocation ETF	9.44%	4.35%
GGM GGM Macro Alignment ETF	14.89%	2.54%

Correlation

The correlation between GMOD and GGM is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.69

Return for Risk

GMOD vs. GGM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GMOD

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

GGM

GGM Risk / Return Rank: 59
GGM Sharpe Ratio Rank: 58
GGM Sortino Ratio Rank: 59
GGM Omega Ratio Rank: 57
GGM Calmar Ratio Rank: 64
GGM Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GMOD vs. GGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Dynamic Allocation ETF (GMOD) and GGM Macro Alignment ETF (GGM). 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.

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.

	GMOD	GGM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.62	—
Sortino ratio: Return per unit of downside risk	—	2.29	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.58	—
Martin ratio: Return relative to average drawdown	—	8.00	—

Drawdowns

GMOD vs. GGM - Drawdown Comparison

The maximum GMOD drawdown since its inception was -6.50%, smaller than the maximum GGM drawdown of -19.68%. Use the drawdown chart below to compare losses from any high point for GMOD and GGM.

Drawdown Indicators

	GMOD	GGM	Difference
Max Drawdown Largest peak-to-trough decline	-6.50%	-19.68%	+13.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.54%	—
Current Drawdown Current decline from peak	0.00%	-0.18%	+0.18%
Average Drawdown Average peak-to-trough decline	-1.05%	-4.99%	+3.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.43%	—

Volatility

Volatility by Period

	GMOD	GGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.75%	12.05%	-3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.75%	13.20%	-4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.75%	13.20%	-4.45%

GMOD vs. GGM - Expense Ratio Comparison

GMOD has a 0.50% expense ratio, which is lower than GGM's 0.94% expense ratio.

Dividends

GMOD vs. GGM - Dividend Comparison

GMOD's dividend yield for the trailing twelve months is around 1.34%, less than GGM's 1.37% yield.

Position	TTM	2025	2024	2023
GGM GGM Macro Alignment ETF	1.37%	1.57%	1.39%	0.50%
GMOD GMO Dynamic Allocation ETF	1.34%	0.93%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GMOD and GGM in my portfolio?

GMOD and GGM have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMOD or GGM?

On fees, GMOD is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GMOD or GGM?

GMOD is cheaper with a 0.50% expense ratio, compared with 0.94% for GGM.

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

GGM has the higher dividend yield at 1.37%, compared with 1.34% for GMOD.

What is the main difference between GMOD and GGM?

They also come from different issuers: GMO and Waverly. Their fees differ too: 0.50% for GMOD and 0.94% for GGM.