GMOI vs. QLTI

Last updated Jun 23, 2026

GMOI (GMO International Value ETF) and QLTI (GMO International Quality ETF) are both Foreign Large Cap Equities funds from GMO. GMOI is passively managed, while QLTI is actively managed. Over the past year, GMOI returned 37.44% vs 7.27% for QLTI. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.

Performance

GMOI vs. QLTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO International Value ETF (GMOI) and GMO International Quality ETF (QLTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMOI achieves a 12.69% return, which is significantly higher than QLTI's -0.08% return.

GMOI

• 1D: -0.08%
• 1M: -0.73%
• YTD: 12.69%
• 6M: 13.04%
• 1Y: 37.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QLTI

• 1D: -1.12%
• 1M: 1.92%
• YTD: -0.08%
• 6M: 0.16%
• 1Y: 7.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMOI vs. QLTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GMOI GMO International Value ETF	12.69%	45.64%	-4.48%
QLTI GMO International Quality ETF	-0.08%	17.12%	-7.94%

Correlation

The correlation between GMOI and QLTI is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.75

The correlation between GMOI and QLTI has been stable across timeframes, ranging from 0.75 to 0.75 - a consistent structural relationship.

Return for Risk

GMOI vs. QLTI — Risk / Return Rank

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

GMOI

GMOI Risk / Return Rank: 87
GMOI Sharpe Ratio Rank: 89
GMOI Sortino Ratio Rank: 89
GMOI Omega Ratio Rank: 85
GMOI Calmar Ratio Rank: 85
GMOI Martin Ratio Rank: 87

QLTI

QLTI Risk / Return Rank: 15
QLTI Sharpe Ratio Rank: 15
QLTI Sortino Ratio Rank: 16
QLTI Omega Ratio Rank: 14
QLTI Calmar Ratio Rank: 15
QLTI Martin Ratio Rank: 16

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.

GMOI vs. QLTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO International Value ETF (GMOI) and GMO International Quality ETF (QLTI). 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.

	GMOI	QLTI	Difference
Sharpe ratio: Return per unit of total volatility	2.82	0.47	+2.35
Sortino ratio: Return per unit of downside risk	3.87	0.78	+3.09
Omega ratio: Gain probability vs. loss probability	1.50	1.09	+0.41
Calmar ratio: Return relative to maximum drawdown	4.50	0.53	+3.96
Martin ratio: Return relative to average drawdown	17.76	1.49	+16.27

GMOI vs. QLTI - Sharpe Ratio Comparison

The current GMOI Sharpe Ratio is 2.82, which is higher than the QLTI Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of GMOI and QLTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GMOI vs. QLTI - Drawdown Comparison

The maximum GMOI drawdown since its inception was -14.67%, roughly equal to the maximum QLTI drawdown of -14.82%. Use the drawdown chart below to compare losses from any high point for GMOI and QLTI.

Drawdown Indicators

	GMOI	QLTI	Difference
Max Drawdown Largest peak-to-trough decline	-14.67%	-14.82%	+0.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	-13.72%	+5.36%
Current Drawdown Current decline from peak	-1.62%	-5.54%	+3.92%
Average Drawdown Average peak-to-trough decline	-1.68%	-3.81%	+2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	4.89%	-2.78%

Volatility

GMOI vs. QLTI - Volatility Comparison

The current volatility for GMO International Value ETF (GMOI) is 3.90%, while GMO International Quality ETF (QLTI) has a volatility of 4.59%. This indicates that GMOI experiences smaller price fluctuations and is considered to be less risky than QLTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMOI	QLTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	4.59%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	10.61%	12.84%	-2.23%
Volatility (1Y) Calculated over the trailing 1-year period	13.38%	15.55%	-2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	16.75%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.56%	16.75%	-1.19%

GMOI vs. QLTI - Expense Ratio Comparison

Both GMOI and QLTI have an expense ratio of 0.60%.

Dividends

GMOI vs. QLTI - Dividend Comparison

GMOI's dividend yield for the trailing twelve months is around 2.43%, more than QLTI's 0.52% yield.

Position	TTM	2025	2024
GMOI GMO International Value ETF	2.43%	2.74%	0.54%
QLTI GMO International Quality ETF	0.52%	0.52%	0.19%

Frequently Asked Questions

Can I hold both GMOI and QLTI in my portfolio?

GMOI and QLTI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GMOI or QLTI?

QLTI has higher volatility (4.59%) compared to GMOI (3.90%). In terms of maximum drawdown, GMOI dropped -14.67% vs QLTI's -14.82%.

Which ETF is better, GMOI or QLTI?

On 1-year performance, GMOI leads with 37.44% vs 7.27% for QLTI. Both ETFs have the same 0.60% expense ratio. On volatility, GMOI has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMOI or QLTI?

Over the 1-year period, GMOI has performed better with a 37.44% return vs 7.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMOI or QLTI?

GMOI and QLTI have the same expense ratio: 0.60% per year.

Which ETF pays a higher dividend yield, GMOI or QLTI?

GMOI has the higher dividend yield at 2.43%, compared with 0.52% for QLTI.

Which has better risk-adjusted returns?

GMOI currently has the higher Sharpe Ratio (2.82 vs 0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.