GMOD vs. QLTY

Last updated Jun 6, 2026

GMOD (GMO Dynamic Allocation ETF) and QLTY (GMO U.S. Quality ETF) are both exchange-traded funds - GMOD is a Tactical Allocation fund actively managed by GMO, while QLTY is a Large Cap Blend Equities fund tracking the S&P 500. GMOD is actively managed, while QLTY is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.

Performance

GMOD vs. QLTY - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with GMOD having a 5.74% return and QLTY slightly higher at 5.90%.

GMOD

• 1D: -1.79%
• 1M: -1.01%
• YTD: 5.74%
• 6M: 6.83%
• 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)

GMOD vs. QLTY - Yearly Performance Comparison

	2026 (YTD)	2025
GMOD GMO Dynamic Allocation ETF	5.74%	3.87%
QLTY GMO U.S. Quality ETF	5.90%	5.49%

Correlation

The correlation between GMOD and QLTY is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.84

Return for Risk

GMOD 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.

GMOD vs. QLTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Dynamic Allocation ETF (GMOD) 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

	GMOD	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	1.77	1.47	+0.30

Drawdowns

GMOD vs. QLTY - Drawdown Comparison

The maximum GMOD drawdown since its inception was -6.50%, smaller than the maximum QLTY drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for GMOD and QLTY.

Drawdown Indicators

	GMOD	QLTY	Difference
Max Drawdown Largest peak-to-trough decline	-6.50%	-17.00%	+10.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.71%	—
Current Drawdown Current decline from peak	-1.83%	-2.07%	+0.24%
Average Drawdown Average peak-to-trough decline	-1.16%	-2.05%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.87%	—

Volatility

Volatility by Period

	GMOD	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	8.95%	12.43%	-3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.95%	14.67%	-5.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.95%	14.67%	-5.72%

GMOD vs. QLTY - Expense Ratio Comparison

Both GMOD and QLTY have an expense ratio of 0.50%.

Dividends

GMOD vs. QLTY - Dividend Comparison

GMOD's dividend yield for the trailing twelve months is around 0.88%, more than QLTY's 0.72% yield.

Position	TTM	2025	2024	2023
GMOD GMO Dynamic Allocation ETF	0.88%	0.93%	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 GMOD and QLTY in my portfolio?

GMOD and QLTY have a correlation of 0.84, 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 QLTY?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GMOD or QLTY?

GMOD and QLTY have the same expense ratio: 0.50% per year.

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

GMOD has the higher dividend yield at 0.88%, compared with 0.72% for QLTY.

What is the main difference between GMOD and QLTY?

GMOD is categorized as Tactical Allocation, while QLTY is Large Cap Blend Equities.