QLTY vs VOO
GMO US Quality ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. QLTY delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | QLTY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $4.8B | $979.0B | |
| Dividend Yield | 0.88% | 1.09% | |
| Holdings | 43 | 509 | |
| YTD Return | +12.25% | +13.79% | |
| 1Y Return | +27.34% | +23.01% | |
| 3Y Return (annualized) | - | +21.78% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 12.2% | 14.1% | |
| Max Drawdown | -17.0% | -34.3% | |
| Fund Family | GMO | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 13, 2023 | Sep 7, 2010 |
QLTY vs VOO Performance
GMO US Quality ETF (QLTY) is a ETF from GMO and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year QLTY returned +27.34% while VOO returned +23.01%. Year to date, QLTY is up 12.25% versus a gain of 13.79% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.2% for QLTY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.0% for QLTY and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QLTY charges 0.50% per year while VOO charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, QLTY currently yields 0.88% against 1.09% for VOO.
Holdings Overlap
QLTY and VOO share 37 holdings out of 510 unique holdings combined, representing a 31.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QLTY or VOO?
QLTY has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, QLTY or VOO?
Over the past year QLTY returned +27.34% vs +23.01% for VOO, so QLTY leads on 1-year performance. Over the longest common window we track (3 years), QLTY annualized +22.67% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, QLTY or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.2% for QLTY. Worst drawdown: QLTY -17.0% vs VOO -34.3%.
Should I hold both QLTY and VOO?
QLTY and VOO have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QLTY and VOO?
QLTY and VOO share 37 common holdings with a 31.1% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, QLTY or VOO?
QLTY yields 0.88% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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