QLTY vs. SRHQ

Last updated Aug 2, 2026

QLTY (GMO U.S. Quality ETF) and SRHQ (SRH U.S. Quality ETF) are both Quality Factor funds - QLTY tracks the S&P 500 while SRHQ tracks the SRH US Quality Index - Benchmark TR Gross. Both are passively managed. Over the past year, QLTY returned 25.15% vs 31.30% for SRHQ. Their 0.73 correlation means they have sometimes moved together and sometimes differently. QLTY charges 0.50%/yr vs 0.35%/yr for SRHQ.

Performance

QLTY vs. SRHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO U.S. Quality ETF (QLTY) and SRH U.S. Quality ETF (SRHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QLTY achieves a 9.02% return, which is significantly lower than SRHQ's 20.78% return.

QLTY

• 1D: 0.70%
• 1M: 0.19%
• 6M: 6.82%
• YTD: 9.02%
• 1Y: 25.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.22%

SRHQ

• 1D: -0.33%
• 1M: 1.86%
• 6M: 18.75%
• YTD: 20.78%
• 1Y: 31.30%
• 3Y*: 17.26%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.88%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QLTY GMO U.S. Quality ETF	$14.32M	$16.07M	$19.07M
SRHQ SRH U.S. Quality ETF	$113.47K	$63.13K	$30.03K

QLTY vs. SRHQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QLTY GMO U.S. Quality ETF	9.02%	21.26%	21.02%	5.25%
SRHQ SRH U.S. Quality ETF	20.78%	7.34%	16.49%	8.43%

Correlation

The correlation between QLTY and SRHQ is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (All Time) Calculated using the full available price history since Nov 15, 2023	0.73

The correlation between QLTY and SRHQ has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.

QLTY vs. SRHQ - Sectors Allocation Comparison

Sectors	QLTY	SRHQ
Technology	39.6%	21.9%
Healthcare	22.6%	21.4%
Communication Services	11.0%	2.1%
Financial Services	8.1%	10.2%
Consumer Defensive	7.3%	5.2%
Consumer Cyclical	7.0%	11.3%
Industrials	4.5%	20.4%
Basic Materials	-	2.7%
Energy	-	1.2%
Real Estate	-	1.2%
Utilities	-	1.2%

Return for Risk

QLTY vs. SRHQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QLTY

QLTY Risk / Return Rank: 73
QLTY Sharpe Ratio Rank: 81
QLTY Sortino Ratio Rank: 81
QLTY Omega Ratio Rank: 78
QLTY Calmar Ratio Rank: 57
QLTY Martin Ratio Rank: 67

SRHQ

SRHQ Risk / Return Rank: 87
SRHQ Sharpe Ratio Rank: 84
SRHQ Sortino Ratio Rank: 84
SRHQ Omega Ratio Rank: 80
SRHQ Calmar Ratio Rank: 93
SRHQ Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QLTY vs. SRHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Quality ETF (QLTY) and SRH U.S. Quality ETF (SRHQ). 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	SRHQ	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.97	-0.12
Sortino ratio: Return per unit of downside risk	2.62	2.80	-0.18
Omega ratio: Gain probability vs. loss probability	1.33	1.34	-0.01
Calmar ratio: Return relative to maximum drawdown	2.01	4.64	-2.62
Martin ratio: Return relative to average drawdown	8.13	16.85	-8.71

QLTY vs. SRHQ - Sharpe Ratio Comparison

The current QLTY Sharpe Ratio is 1.86, which is comparable to the SRHQ Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of QLTY and SRHQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QLTY vs. SRHQ - Drawdown Comparison

The maximum QLTY drawdown since its inception was -17.00%, smaller than the maximum SRHQ drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for QLTY and SRHQ.

Drawdown Indicators

	QLTY	SRHQ	Difference
Max Drawdown Largest peak-to-trough decline	-17.00%	-18.50%	+1.50%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	-6.31%	-5.40%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.50%	—
Current Drawdown Current decline from peak	-0.41%	-1.47%	+1.06%
Average Drawdown Average peak-to-trough decline	-2.00%	-2.98%	+0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	1.74%	+1.16%

Volatility

QLTY vs. SRHQ - Volatility Comparison

The current volatility for GMO U.S. Quality ETF (QLTY) is 2.90%, while SRH U.S. Quality ETF (SRHQ) has a volatility of 4.37%. This indicates that QLTY experiences smaller price fluctuations and is considered to be less risky than SRHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QLTY	SRHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	4.37%	-1.47%
Volatility (6M) Calculated over the trailing 6-month period	9.63%	11.10%	-1.47%
Volatility (1Y) Calculated over the trailing 1-year period	12.76%	14.90%	-2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.52%	15.96%	-1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.52%	15.96%	-1.44%

QLTY vs. SRHQ - Expense Ratio Comparison

QLTY has a 0.50% expense ratio, which is higher than SRHQ's 0.35% expense ratio.

Dividends

QLTY vs. SRHQ - Dividend Comparison

QLTY's dividend yield for the trailing twelve months is around 0.72%, more than SRHQ's 0.69% yield.

Position	TTM	2025	2024	2023	2022
QLTY GMO U.S. Quality ETF	0.72%	0.73%	0.79%	0.15%	0.00%
SRHQ SRH U.S. Quality ETF	0.69%	0.76%	0.66%	0.84%	0.27%

Frequently Asked Questions

Can I hold both QLTY and SRHQ in my portfolio?

QLTY and SRHQ have a correlation of 0.68, 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 SRHQ?

SRHQ has higher volatility (4.37%) compared to QLTY (2.90%). In terms of maximum drawdown, QLTY dropped -17.00% vs SRHQ's -18.50%.

Which ETF is better, QLTY or SRHQ?

On 1-year performance, SRHQ leads with 31.30% vs 25.15% for QLTY. On fees, SRHQ is cheaper at 0.35% per year. On volatility, QLTY has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QLTY or SRHQ?

Over the 1-year period, SRHQ has performed better with a 31.30% return vs 25.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QLTY or SRHQ?

SRHQ is cheaper with a 0.35% expense ratio, compared with 0.50% for QLTY.

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

QLTY has the higher dividend yield at 0.72%, compared with 0.69% for SRHQ.

What is the main difference between QLTY and SRHQ?

QLTY tracks S&P 500, while SRHQ tracks SRH US Quality Index - Benchmark TR Gross. They also come from different issuers: GMO and SRH. Their fees differ too: 0.50% for QLTY and 0.35% for SRHQ.

Which has better risk-adjusted returns?

SRHQ currently has the higher Sharpe Ratio (1.97 vs 1.86), 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.