GMOIX vs. QLTY

Last updated Apr 1, 2026

Compare and contrast key facts about GMO International Equity Fund (GMOIX) and GMO U.S. Quality ETF (QLTY).

GMOIX is managed by GMO. It was launched on Mar 30, 1987. QLTY is a passively managed fund by GMO that tracks the performance of the S&P 500. It was launched on Nov 13, 2023.

Performance

GMOIX vs. QLTY - Performance Comparison

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

GMOIX vs. QLTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GMOIX GMO International Equity Fund	1.83%	43.94%	11.54%	7.05%
QLTY GMO U.S. Quality ETF	-5.77%	21.26%	21.02%	5.68%

Returns By Period

In the year-to-date period, GMOIX achieves a 1.83% return, which is significantly higher than QLTY's -5.77% return.

GMOIX

• 1D: 0.00%
• 1M: -10.73%
• YTD: 1.83%
• 6M: 11.47%
• 1Y: 33.57%
• 3Y*: 22.45%
• 5Y*: 12.99%
• 10Y*: 10.80%

QLTY

• 1D: 2.76%
• 1M: -6.42%
• YTD: -5.77%
• 6M: 0.36%
• 1Y: 16.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMOIX vs. QLTY - Expense Ratio Comparison

GMOIX has a 0.66% expense ratio, which is higher than QLTY's 0.50% expense ratio.

GMOIX

GMO International Equity Fund

QLTY

GMO U.S. Quality ETF

Return for Risk

GMOIX vs. QLTY — Risk / Return Rank

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

GMOIX

GMOIX Risk / Return Rank: 89
GMOIX Sharpe Ratio Rank: 90
GMOIX Sortino Ratio Rank: 88
GMOIX Omega Ratio Rank: 86
GMOIX Calmar Ratio Rank: 92
GMOIX Martin Ratio Rank: 91

QLTY

QLTY Risk / Return Rank: 59
QLTY Sharpe Ratio Rank: 54
QLTY Sortino Ratio Rank: 60
QLTY Omega Ratio Rank: 59
QLTY Calmar Ratio Rank: 62
QLTY Martin Ratio Rank: 61

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.

GMOIX vs. QLTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO International Equity Fund (GMOIX) 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.

	GMOIX	QLTY	Difference
Sharpe ratio Return per unit of total volatility	1.84	0.94	+0.89
Sortino ratio Return per unit of downside risk	2.44	1.50	+0.94
Omega ratio Gain probability vs. loss probability	1.36	1.21	+0.15
Calmar ratio Return relative to maximum drawdown	2.69	1.51	+1.18
Martin ratio Return relative to average drawdown	10.53	5.83	+4.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMOIX vs. QLTY - Sharpe Ratio Comparison

The current GMOIX Sharpe Ratio is 1.84, which is higher than the QLTY Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of GMOIX 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

	GMOIX	QLTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	0.94	+0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	1.18	-0.85

Correlation

The correlation between GMOIX and QLTY is 0.61, 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

GMOIX vs. QLTY - Dividend Comparison

GMOIX's dividend yield for the trailing twelve months is around 5.52%, more than QLTY's 0.81% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMOIX GMO International Equity Fund	5.52%	5.62%	2.77%	7.54%	4.32%	6.40%	4.56%	3.49%	3.74%	3.11%	4.00%	3.26%
QLTY GMO U.S. Quality ETF	0.81%	0.73%	0.79%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GMOIX vs. QLTY - Drawdown Comparison

The maximum GMOIX drawdown since its inception was -59.00%, which is greater than QLTY's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for GMOIX and QLTY.

Drawdown Indicators

	GMOIX	QLTY	Difference
Max Drawdown Largest peak-to-trough decline	-59.00%	-17.00%	-42.00%
Max Drawdown (1Y) Largest decline over 1 year	-11.67%	-11.71%	+0.04%
Max Drawdown (5Y) Largest decline over 5 years	-28.69%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.14%	—	—
Current Drawdown Current decline from peak	-11.08%	-9.28%	-1.80%
Average Drawdown Average peak-to-trough decline	-12.97%	-2.09%	-10.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	3.04%	-0.05%

Volatility

GMOIX vs. QLTY - Volatility Comparison

GMO International Equity Fund (GMOIX) has a higher volatility of 7.54% compared to GMO U.S. Quality ETF (QLTY) at 5.28%. This indicates that GMOIX'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

	GMOIX	QLTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.54%	5.28%	+2.26%
Volatility (6M) Calculated over the trailing 6-month period	12.55%	9.73%	+2.82%
Volatility (1Y) Calculated over the trailing 1-year period	17.75%	17.77%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.88%	14.81%	+1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.75%	14.81%	+1.94%