QLTY vs. GMOC

Last updated Jul 14, 2026

QLTY (GMO U.S. Quality ETF) and GMOC (GMO Ultra-Short Income ETF) are both exchange-traded funds - QLTY is a Large Cap Blend Equities fund tracking the S&P 500, while GMOC is a Ultrashort Bond fund actively managed by GMO. QLTY is passively managed, while GMOC is actively managed. At a 0.13 correlation, their price movements are largely independent. QLTY charges 0.50%/yr vs 0.20%/yr for GMOC.

Performance

QLTY vs. GMOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO U.S. Quality ETF (QLTY) 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, QLTY achieves a 8.86% return, which is significantly higher than GMOC's 2.08% return.

QLTY

• 1D: -0.55%
• 1M: 1.45%
• 6M: 4.80%
• YTD: 8.86%
• 1Y: 22.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GMOC

• 1D: -0.05%
• 1M: 0.33%
• 6M: 2.01%
• YTD: 2.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QLTY vs. GMOC - Yearly Performance Comparison

	2026 (YTD)	2025
QLTY GMO U.S. Quality ETF	8.86%	1.57%
GMOC GMO Ultra-Short Income ETF	2.08%	0.70%

Correlation

The correlation between QLTY and GMOC is 0.13, 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	0.13

Return for Risk

QLTY vs. GMOC — Risk / Return Rank

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

QLTY

QLTY Risk / Return Rank: 62
QLTY Sharpe Ratio Rank: 69
QLTY Sortino Ratio Rank: 70
QLTY Omega Ratio Rank: 66
QLTY Calmar Ratio Rank: 47
QLTY Martin Ratio Rank: 56

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.

QLTY vs. GMOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Quality ETF (QLTY) 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.

	QLTY	GMOC	Difference
Sharpe ratio: Return per unit of total volatility	1.77	—	—
Sortino ratio: Return per unit of downside risk	2.52	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	1.90	—	—
Martin ratio: Return relative to average drawdown	7.68	—	—

Drawdowns

QLTY vs. GMOC - Drawdown Comparison

The maximum QLTY drawdown since its inception was -17.00%, which is greater than GMOC's maximum drawdown of -0.14%. Use the drawdown chart below to compare losses from any high point for QLTY and GMOC.

Drawdown Indicators

	QLTY	GMOC	Difference
Max Drawdown Largest peak-to-trough decline	-17.00%	-0.14%	-16.86%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	—	—
Current Drawdown Current decline from peak	-0.55%	-0.05%	-0.50%
Average Drawdown Average peak-to-trough decline	-2.01%	-0.01%	-2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	—	—

Volatility

Volatility by Period

	QLTY	GMOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	0.52%	+12.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	0.52%	+14.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.59%	0.52%	+14.07%

QLTY vs. GMOC - Expense Ratio Comparison

QLTY has a 0.50% expense ratio, which is higher than GMOC's 0.20% expense ratio.

Dividends

QLTY vs. GMOC - Dividend Comparison

QLTY's dividend yield for the trailing twelve months is around 0.72%, less than GMOC's 2.65% yield.

Position	TTM	2025	2024	2023
GMOC GMO Ultra-Short Income ETF	2.65%	0.84%	0.00%	0.00%
QLTY GMO U.S. Quality ETF	0.72%	0.73%	0.79%	0.15%

Frequently Asked Questions

Can I hold both QLTY and GMOC in my portfolio?

QLTY and GMOC have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QLTY 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, QLTY or GMOC?

GMOC is cheaper with a 0.20% expense ratio, compared with 0.50% for QLTY.

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

GMOC has the higher dividend yield at 2.65%, compared with 0.72% for QLTY.

What is the main difference between QLTY and GMOC?

QLTY is categorized as Large Cap Blend Equities, while GMOC is Ultrashort Bond. Their fees differ too: 0.50% for QLTY and 0.20% for GMOC.