GMOD vs. GMOC

Last updated Jun 6, 2026

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

Performance

GMOD vs. GMOC - Performance Comparison

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

Returns By Period

In the year-to-date period, GMOD achieves a 5.74% return, which is significantly higher than GMOC's 1.65% return.

GMOD

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

GMOC

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

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

GMOD vs. GMOC - Yearly Performance Comparison

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

Correlation

The correlation between GMOD and GMOC 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

GMOD vs. GMOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Dynamic Allocation ETF (GMOD) and GMO Ultra-Short Income ETF (GMOC). 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

	GMOD	GMOC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	8.33	-6.56

Drawdowns

GMOD vs. GMOC - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

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

GMOD vs. GMOC - Expense Ratio Comparison

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

Dividends

GMOD vs. GMOC - Dividend Comparison

GMOD's dividend yield for the trailing twelve months is around 0.88%, less than GMOC's 2.33% 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 GMOD and GMOC in my portfolio?

GMOD and GMOC 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, GMOD or GMOC?

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, GMOD or GMOC?

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

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

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

What is the main difference between GMOD and GMOC?

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