GMOI vs. QLTY

Last updated Apr 2, 2026

Compare and contrast key facts about GMO International Value ETF (GMOI) and GMO U.S. Quality ETF (QLTY).

GMOI and QLTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GMOI is a passively managed fund by GMO that tracks the performance of the MSCI World ex USA Value. It was launched on Oct 28, 2024. QLTY is a passively managed fund by GMO that tracks the performance of the S&P 500. It was launched on Nov 13, 2023. Both GMOI and QLTY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GMOI vs. QLTY - Performance Comparison

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

GMOI vs. QLTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GMOI GMO International Value ETF	9.05%	45.64%	-4.57%
QLTY GMO U.S. Quality ETF	-4.70%	21.26%	-0.64%

Returns By Period

In the year-to-date period, GMOI achieves a 9.05% return, which is significantly higher than QLTY's -4.70% return.

GMOI

• 1D: 1.08%
• 1M: -2.63%
• YTD: 9.05%
• 6M: 18.28%
• 1Y: 41.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QLTY

• 1D: 1.13%
• 1M: -4.67%
• YTD: -4.70%
• 6M: 0.36%
• 1Y: 18.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMOI vs. QLTY - Expense Ratio Comparison

GMOI has a 0.60% expense ratio, which is higher than QLTY's 0.50% expense ratio.

GMOI

GMO International Value ETF

QLTY

GMO U.S. Quality ETF

Return for Risk

GMOI vs. QLTY — Risk / Return Rank

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

GMOI

GMOI Risk / Return Rank: 95
GMOI Sharpe Ratio Rank: 95
GMOI Sortino Ratio Rank: 96
GMOI Omega Ratio Rank: 96
GMOI Calmar Ratio Rank: 92
GMOI Martin Ratio Rank: 95

QLTY

QLTY Risk / Return Rank: 58
QLTY Sharpe Ratio Rank: 55
QLTY Sortino Ratio Rank: 61
QLTY Omega Ratio Rank: 59
QLTY Calmar Ratio Rank: 57
QLTY Martin Ratio Rank: 57

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. QLTY - Risk-Adjusted Trends Comparison

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

	GMOI	QLTY	Difference
Sharpe ratio Return per unit of total volatility	2.50	1.03	+1.48
Sortino ratio Return per unit of downside risk	3.30	1.61	+1.68
Omega ratio Gain probability vs. loss probability	1.50	1.23	+0.27
Calmar ratio Return relative to maximum drawdown	3.58	1.54	+2.04
Martin ratio Return relative to average drawdown	17.00	5.84	+11.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMOI vs. QLTY - Sharpe Ratio Comparison

The current GMOI Sharpe Ratio is 2.50, which is higher than the QLTY Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of GMOI and QLTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GMOI	QLTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	1.03	+1.48
Sharpe Ratio (All Time) Calculated using the full available price history	2.18	1.22	+0.96

Correlation

The correlation between GMOI and QLTY is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GMOI vs. QLTY - Dividend Comparison

GMOI's dividend yield for the trailing twelve months is around 2.51%, more than QLTY's 0.80% yield.

	TTM	2025	2024	2023
GMOI GMO International Value ETF	2.51%	2.74%	0.54%	0.00%
QLTY GMO U.S. Quality ETF	0.80%	0.73%	0.79%	0.15%

Drawdowns

GMOI vs. QLTY - Drawdown Comparison

The maximum GMOI drawdown since its inception was -14.67%, smaller than the maximum QLTY drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for GMOI and QLTY.

Drawdown Indicators

	GMOI	QLTY	Difference
Max Drawdown Largest peak-to-trough decline	-14.67%	-17.00%	+2.33%
Max Drawdown (1Y) Largest decline over 1 year	-11.51%	-11.71%	+0.20%
Current Drawdown Current decline from peak	-3.68%	-8.25%	+4.57%
Average Drawdown Average peak-to-trough decline	-1.75%	-2.10%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	3.08%	-0.66%

Volatility

GMOI vs. QLTY - Volatility Comparison

GMO International Value ETF (GMOI) has a higher volatility of 5.81% compared to GMO U.S. Quality ETF (QLTY) at 5.40%. This indicates that GMOI's price experiences larger fluctuations and is considered to be riskier than QLTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMOI	QLTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	5.40%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	9.77%	9.78%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	16.55%	17.78%	-1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.77%	14.82%	+0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.77%	14.82%	+0.95%