GMOD vs. GMMA
GMOD (GMO Dynamic Allocation ETF) and GMMA (GammaRoad Market Navigation ETF) are both Tactical Allocation funds. GMOD is actively managed, while GMMA is passively managed. A 0.73 correlation means they provide meaningful diversification when combined. GMOD charges 0.50%/yr vs 0.75%/yr for GMMA.
Performance
GMOD vs. GMMA - Performance Comparison
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Returns By Period
In the year-to-date period, GMOD achieves a 5.74% return, which is significantly higher than GMMA's 2.18% return.
GMOD
- 1D
- -1.79%
- 1M
- -1.01%
- YTD
- 5.74%
- 6M
- 6.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GMMA
- 1D
- -1.65%
- 1M
- 0.52%
- YTD
- 2.18%
- 6M
- 2.21%
- 1Y
- 9.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GMOD vs. GMMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GMOD GMO Dynamic Allocation ETF | 5.74% | 3.87% |
GMMA GammaRoad Market Navigation ETF | 2.18% | 1.39% |
Correlation
The correlation between GMOD and GMMA is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025 | 0.73 |
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Return for Risk
GMOD vs. GMMA — Risk / Return Rank
GMOD
GMMA
GMOD vs. GMMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Dynamic Allocation ETF (GMOD) and GammaRoad Market Navigation ETF (GMMA). 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.
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Sharpe Ratios by Period
| GMOD | GMMA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 0.94 | +0.83 |
Drawdowns
GMOD vs. GMMA - Drawdown Comparison
The maximum GMOD drawdown since its inception was -6.50%, which is greater than GMMA's maximum drawdown of -5.21%. Use the drawdown chart below to compare losses from any high point for GMOD and GMMA.
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Drawdown Indicators
| GMOD | GMMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.50% | -5.21% | -1.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.39% | — |
Current DrawdownCurrent decline from peak | -1.83% | -1.79% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -1.23% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.98% | — |
Volatility
GMOD vs. GMMA - Volatility Comparison
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Volatility by Period
| GMOD | GMMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.43% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.95% | 5.58% | +3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.95% | 7.20% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.95% | 7.20% | +1.75% |
GMOD vs. GMMA - Expense Ratio Comparison
GMOD has a 0.50% expense ratio, which is lower than GMMA's 0.75% expense ratio.
Dividends
GMOD vs. GMMA - Dividend Comparison
GMOD's dividend yield for the trailing twelve months is around 0.88%, less than GMMA's 3.70% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GMMA GammaRoad Market Navigation ETF | 3.70% | 3.00% | 0.57% |
GMOD GMO Dynamic Allocation ETF | 0.88% | 0.93% | 0.00% |
Frequently Asked Questions
GMOD and GMMA have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
GMOD is cheaper with a 0.50% expense ratio, compared with 0.75% for GMMA.
GMMA has the higher dividend yield at 3.70%, compared with 0.88% for GMOD.
They also come from different issuers: GMO and GammaRoad Capital Partners. Their fees differ too: 0.50% for GMOD and 0.75% for GMMA.
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