QLTI vs. DRES

Last updated Jun 24, 2026

QLTI (GMO International Quality ETF) and DRES (GMO Domestic Resilience ETF) are both exchange-traded funds - QLTI is a Foreign Large Cap Equities fund actively managed by GMO, while DRES is a Mid Cap Blend Equities fund actively managed by GMO. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. QLTI charges 0.60%/yr vs 0.50%/yr for DRES.

Performance

QLTI vs. DRES - Performance Comparison

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

Returns By Period

In the year-to-date period, QLTI achieves a -0.68% return, which is significantly lower than DRES's 19.60% return.

QLTI

• 1D: -0.60%
• 1M: 1.30%
• YTD: -0.68%
• 6M: -0.63%
• 1Y: 6.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRES

• 1D: -1.32%
• 1M: 2.97%
• YTD: 19.60%
• 6M: 16.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QLTI vs. DRES - Yearly Performance Comparison

	2026 (YTD)	2025
QLTI GMO International Quality ETF	-0.68%	4.24%
DRES GMO Domestic Resilience ETF	19.60%	2.50%

Correlation

The correlation between QLTI and DRES is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.61

Return for Risk

QLTI vs. DRES — Risk / Return Rank

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

QLTI

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

DRES

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

QLTI vs. DRES - Risk-Adjusted Trends Comparison

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

	QLTI	DRES	Difference
Sharpe ratio: Return per unit of total volatility	0.39	—	—
Sortino ratio: Return per unit of downside risk	0.67	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.44	—	—
Martin ratio: Return relative to average drawdown	1.23	—	—

Drawdowns

QLTI vs. DRES - Drawdown Comparison

The maximum QLTI drawdown since its inception was -14.82%, which is greater than DRES's maximum drawdown of -10.41%. Use the drawdown chart below to compare losses from any high point for QLTI and DRES.

Drawdown Indicators

	QLTI	DRES	Difference
Max Drawdown Largest peak-to-trough decline	-14.82%	-10.41%	-4.41%
Max Drawdown (1Y) Largest decline over 1 year	-13.72%	—	—
Current Drawdown Current decline from peak	-6.11%	-1.66%	-4.45%
Average Drawdown Average peak-to-trough decline	-3.82%	-2.20%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	—	—

Volatility

Volatility by Period

	QLTI	DRES	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.54%	18.53%	-2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	18.53%	-1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	18.53%	-1.80%

QLTI vs. DRES - Expense Ratio Comparison

QLTI has a 0.60% expense ratio, which is higher than DRES's 0.50% expense ratio.

Dividends

QLTI vs. DRES - Dividend Comparison

QLTI's dividend yield for the trailing twelve months is around 0.52%, more than DRES's 0.30% yield.

Position	TTM	2025	2024
DRES GMO Domestic Resilience ETF	0.30%	0.22%	0.00%
QLTI GMO International Quality ETF	0.52%	0.52%	0.19%

Frequently Asked Questions

Can I hold both QLTI and DRES in my portfolio?

QLTI and DRES have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QLTI or DRES?

On fees, DRES is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QLTI or DRES?

DRES is cheaper with a 0.50% expense ratio, compared with 0.60% for QLTI.

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

QLTI has the higher dividend yield at 0.52%, compared with 0.30% for DRES.

What is the main difference between QLTI and DRES?

QLTI is categorized as Foreign Large Cap Equities, while DRES is Mid Cap Blend Equities. Their fees differ too: 0.60% for QLTI and 0.50% for DRES.