QLTY vs. ITOT

Last updated Jun 4, 2026

QLTY (GMO U.S. Quality ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Blend Equities funds - QLTY tracks the S&P 500 while ITOT tracks the S&P Total Market Index. Both are passively managed. Over the past year, QLTY returned 27.39% vs 28.12% for ITOT. Their correlation of 0.92 suggests significant overlap in exposure. QLTY charges 0.50%/yr vs 0.03%/yr for ITOT.

Performance

QLTY vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO U.S. Quality ETF (QLTY) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QLTY achieves a 7.36% return, which is significantly lower than ITOT's 11.25% return.

QLTY

• 1D: -0.51%
• 1M: 3.93%
• YTD: 7.36%
• 6M: 7.76%
• 1Y: 27.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ITOT

• 1D: -0.73%
• 1M: 5.01%
• YTD: 11.25%
• 6M: 11.12%
• 1Y: 28.12%
• 3Y*: 22.09%
• 5Y*: 12.69%
• 10Y*: 15.01%

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

QLTY vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QLTY GMO U.S. Quality ETF	7.36%	21.26%	21.02%	5.68%
ITOT iShares Core S&P Total U.S. Stock Market ETF	11.25%	17.00%	23.80%	7.05%

Correlation

The correlation between QLTY and ITOT is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Nov 16, 2023	0.92

The correlation between QLTY and ITOT has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

QLTY vs. ITOT - Sectors Allocation Comparison

Sectors	QLTY	ITOT
Technology	36.5%	33.8%
Healthcare	24.5%	9.0%
Communication Services	10.9%	10.3%
Consumer Defensive	9.1%	4.7%
Consumer Cyclical	8.1%	10.1%
Financial Services	7.4%	12.1%
Industrials	3.6%	9.5%
Basic Materials	-	2.1%
Energy	-	3.7%
Real Estate	-	2.4%
Utilities	-	2.3%

Return for Risk

QLTY vs. ITOT — Risk / Return Rank

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

QLTY

QLTY Risk / Return Rank: 60
QLTY Sharpe Ratio Rank: 67
QLTY Sortino Ratio Rank: 69
QLTY Omega Ratio Rank: 65
QLTY Calmar Ratio Rank: 47
QLTY Martin Ratio Rank: 55

ITOT

ITOT Risk / Return Rank: 68
ITOT Sharpe Ratio Rank: 69
ITOT Sortino Ratio Rank: 68
ITOT Omega Ratio Rank: 67
ITOT Calmar Ratio Rank: 63
ITOT Martin Ratio Rank: 75

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. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Quality ETF (QLTY) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.

	QLTY	ITOT	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.32	-0.07
Sortino ratio: Return per unit of downside risk	3.19	3.17	+0.02
Omega ratio: Gain probability vs. loss probability	1.40	1.42	-0.02
Calmar ratio: Return relative to maximum drawdown	2.35	3.17	-0.83
Martin ratio: Return relative to average drawdown	9.59	14.57	-4.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QLTY vs. ITOT - Sharpe Ratio Comparison

The current QLTY Sharpe Ratio is 2.24, which is comparable to the ITOT Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of QLTY and ITOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QLTY	ITOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	2.32	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	0.57	+0.95

Drawdowns

QLTY vs. ITOT - Drawdown Comparison

The maximum QLTY drawdown since its inception was -17.00%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for QLTY and ITOT.

Drawdown Indicators

	QLTY	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-17.00%	-55.20%	+38.20%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	-8.90%	-2.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.44%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-0.72%	-0.73%	+0.01%
Average Drawdown Average peak-to-trough decline	-2.05%	-6.97%	+4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	1.94%	+0.92%

Volatility

QLTY vs. ITOT - Volatility Comparison

The current volatility for GMO U.S. Quality ETF (QLTY) is 2.64%, while iShares Core S&P Total U.S. Stock Market ETF (ITOT) has a volatility of 2.99%. This indicates that QLTY experiences smaller price fluctuations and is considered to be less risky than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QLTY	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	2.99%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	9.13%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	12.26%	12.20%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.64%	17.36%	-2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.64%	18.26%	-3.62%

QLTY vs. ITOT - Expense Ratio Comparison

QLTY has a 0.50% expense ratio, which is higher than ITOT's 0.03% expense ratio.

Dividends

QLTY vs. ITOT - Dividend Comparison

QLTY's dividend yield for the trailing twelve months is around 0.71%, less than ITOT's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITOT iShares Core S&P Total U.S. Stock Market ETF	0.98%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%
QLTY GMO U.S. Quality ETF	0.71%	0.73%	0.79%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QLTY and ITOT in my portfolio?

QLTY and ITOT have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QLTY or ITOT?

ITOT has higher volatility (2.99%) compared to QLTY (2.64%). In terms of maximum drawdown, QLTY dropped -17.00% vs ITOT's -55.20%.

Which ETF is better, QLTY or ITOT?

On 1-year performance, ITOT leads with 28.12% vs 27.39% for QLTY. On fees, ITOT is cheaper at 0.03% per year. On volatility, QLTY has been the lower-risk option at 2.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QLTY or ITOT?

Over the 1-year period, ITOT has performed better with a 28.12% return vs 27.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QLTY or ITOT?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.50% for QLTY.

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

ITOT has the higher dividend yield at 0.98%, compared with 0.71% for QLTY.

What is the main difference between QLTY and ITOT?

QLTY tracks S&P 500, while ITOT tracks S&P Total Market Index. They also come from different issuers: GMO and iShares. Their fees differ too: 0.50% for QLTY and 0.03% for ITOT.

Which has better risk-adjusted returns?

ITOT currently has the higher Sharpe Ratio (2.32 vs 2.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.