GQETX vs. VTIP
Compare and contrast key facts about GMO Quality Fund (GQETX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
GQETX is managed by GMO. It was launched on Feb 6, 2004. VTIP is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. It was launched on Oct 12, 2012.
Performance
GQETX vs. VTIP - Performance Comparison
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GQETX vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GQETX GMO Quality Fund | -9.54% | 19.61% | 17.76% | 28.94% | -15.33% | 31.67% | 18.33% | 31.77% | 0.50% | 29.11% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 0.99% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | 0.56% | 0.82% |
Returns By Period
In the year-to-date period, GQETX achieves a -9.54% return, which is significantly lower than VTIP's 0.99% return. Over the past 10 years, GQETX has outperformed VTIP with an annualized return of 14.53%, while VTIP has yielded a comparatively lower 3.07% annualized return.
GQETX
- 1D
- 0.00%
- 1M
- -9.95%
- YTD
- -9.54%
- 6M
- -4.03%
- 1Y
- 9.30%
- 3Y*
- 14.77%
- 5Y*
- 11.41%
- 10Y*
- 14.53%
VTIP
- 1D
- 0.02%
- 1M
- 0.10%
- YTD
- 0.99%
- 6M
- 1.37%
- 1Y
- 3.94%
- 3Y*
- 4.66%
- 5Y*
- 3.48%
- 10Y*
- 3.07%
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GQETX vs. VTIP - Expense Ratio Comparison
GQETX has a 0.49% expense ratio, which is higher than VTIP's 0.03% expense ratio.
Return for Risk
GQETX vs. VTIP — Risk / Return Rank
GQETX
VTIP
GQETX vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Quality Fund (GQETX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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.
| GQETX | VTIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 2.09 | -1.49 |
Sortino ratioReturn per unit of downside risk | 0.98 | 3.15 | -2.17 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.44 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.63 | 4.11 | -3.48 |
Martin ratioReturn relative to average drawdown | 2.58 | 13.24 | -10.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GQETX | VTIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 2.09 | -1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.26 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 1.12 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.87 | -0.20 |
Correlation
The correlation between GQETX and VTIP is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GQETX vs. VTIP - Dividend Comparison
GQETX's dividend yield for the trailing twelve months is around 12.34%, more than VTIP's 3.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQETX GMO Quality Fund | 12.34% | 11.16% | 3.91% | 3.43% | 11.85% | 10.19% | 13.61% | 8.08% | 21.66% | 8.10% | 3.56% | 17.25% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.77% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% |
Drawdowns
GQETX vs. VTIP - Drawdown Comparison
The maximum GQETX drawdown since its inception was -39.99%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for GQETX and VTIP.
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Drawdown Indicators
| GQETX | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.99% | -6.27% | -33.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.76% | -0.98% | -11.78% |
Max Drawdown (5Y)Largest decline over 5 years | -24.22% | -5.50% | -18.72% |
Max Drawdown (10Y)Largest decline over 10 years | -30.44% | -6.27% | -24.17% |
Current DrawdownCurrent decline from peak | -12.76% | -0.26% | -12.50% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -1.05% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 0.30% | +2.81% |
Volatility
GQETX vs. VTIP - Volatility Comparison
GMO Quality Fund (GQETX) has a higher volatility of 4.65% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.60%. This indicates that GQETX's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GQETX | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 0.60% | +4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.30% | 0.97% | +8.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.42% | 1.90% | +14.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.80% | 2.78% | +13.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.01% | 2.74% | +14.27% |