QLTI vs. GMOC

Last updated Jun 24, 2026

QLTI (GMO International Quality ETF) and GMOC (GMO Ultra-Short Income ETF) are both exchange-traded funds - QLTI is a Foreign Large Cap Equities fund actively managed by GMO, while GMOC is a Ultrashort Bond fund actively managed by GMO. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. QLTI charges 0.60%/yr vs 0.20%/yr for GMOC.

Performance

QLTI vs. GMOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO International Quality ETF (QLTI) and GMO Ultra-Short Income ETF (GMOC). 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 GMOC's 1.81% return.

QLTI

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

GMOC

• 1D: 0.00%
• 1M: 0.33%
• YTD: 1.81%
• 6M: 1.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QLTI vs. GMOC - Yearly Performance Comparison

	2026 (YTD)	2025
QLTI GMO International Quality ETF	-0.68%	0.46%
GMOC GMO Ultra-Short Income ETF	1.81%	0.70%

Correlation

The correlation between QLTI and GMOC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025	0.14

Return for Risk

QLTI vs. GMOC — 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

GMOC

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. GMOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO International Quality ETF (QLTI) and GMO Ultra-Short Income ETF (GMOC). 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	GMOC	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. GMOC - Drawdown Comparison

The maximum QLTI drawdown since its inception was -14.82%, which is greater than GMOC's maximum drawdown of -0.14%. Use the drawdown chart below to compare losses from any high point for QLTI and GMOC.

Drawdown Indicators

	QLTI	GMOC	Difference
Max Drawdown Largest peak-to-trough decline	-14.82%	-0.14%	-14.68%
Max Drawdown (1Y) Largest decline over 1 year	-13.72%	—	—
Current Drawdown Current decline from peak	-6.11%	0.00%	-6.11%
Average Drawdown Average peak-to-trough decline	-3.82%	-0.01%	-3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	—	—

Volatility

Volatility by Period

	QLTI	GMOC	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%	0.50%	+15.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	0.50%	+16.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	0.50%	+16.23%

QLTI vs. GMOC - Expense Ratio Comparison

QLTI has a 0.60% expense ratio, which is higher than GMOC's 0.20% expense ratio.

Dividends

QLTI vs. GMOC - Dividend Comparison

QLTI's dividend yield for the trailing twelve months is around 0.52%, less than GMOC's 2.33% yield.

Position	TTM	2025	2024
GMOC GMO Ultra-Short Income ETF	2.33%	0.84%	0.00%
QLTI GMO International Quality ETF	0.52%	0.52%	0.19%

Frequently Asked Questions

Can I hold both QLTI and GMOC in my portfolio?

QLTI and GMOC have a correlation of 0.14, 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 GMOC?

On fees, GMOC is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QLTI or GMOC?

GMOC is cheaper with a 0.20% expense ratio, compared with 0.60% for QLTI.

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

GMOC has the higher dividend yield at 2.33%, compared with 0.52% for QLTI.

What is the main difference between QLTI and GMOC?

QLTI is categorized as Foreign Large Cap Equities, while GMOC is Ultrashort Bond. Their fees differ too: 0.60% for QLTI and 0.20% for GMOC.