GMO U.S. Quality ETF (QLTY) Performance
QLTY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.5% since Dec 31, 2025
- 1 year
- +17.1% total return
- Since first price
- +76.0% since 2023
QLTY trailing returns vs SPY, QQQ, AGG
| Period | QLTY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.4% | +1.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.5% | +6.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +10.2% | +9.8% | +7.8% | +8.4% | −1.5% |
| YTD | +13.5% | +12.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +17.1% | +16.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionNov 15, 2023 | +76.0% | +72.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: QLTY vs SPY
From Nov 15, 2023: QLTY grew to $17,602, SPY to $17,524.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QLTY returns by calendar year
2 of 2 full years positive. Best 2025 (+21.3%), worst 2024 (+21.0%). 2026 is year to date.
QLTY annual returns table
| Year | QLTY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.5% | −11.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +21.3% | −17.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +21.0% | −7.0% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
QLTY largest drawdowns
Now 1.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −17.0% | Apr 8, 2025 | Jun 27, 2025 | 48 days | 4 months |
| Jan 12, 2026 | −11.7% | Mar 30, 2026 | May 5, 2026 | 3 months | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QLTY risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +20.5% |
| Volatility (annualized) | 12.1% |
| Sharpe ratio | 1.26 |
| Sortino ratio | 2.29 |
| Best month | +10.1% |
| Worst month | −6.4% |
| Best 12 months | +30.7% |
| Worst 12 months | +6.1% |
| Positive months | 71% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
QLTY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 24 | +6.1% | +17.9% | +30.7% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
QLTY performance overview
GMO U.S. Quality ETF (QLTY) returned +17.1% over the past year, with distributions reinvested. Since its first recorded price on Nov 15, 2023 it has returned +76.0%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −17.0%, from Feb 19, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 12.1% a year.
Related: QLTY chart, QLTY holdings, QLTY dividends, QLTY valuation. See the QLTY overview for the latest quote and fund facts.
QLTY performance FAQ
What is the QLTY return over the past year?
QLTY returned +17.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 16.3%.
How much would $10,000 invested in QLTY be worth?
$10,000 invested in QLTY at its first recorded close on November 15, 2023 would be worth about $17,602 on October 23, 2026 with distributions reinvested.
What was the worst year for QLTY?
The worst calendar year was 2024, with a total return of +21.0%. The best was 2025 at +21.3%.
What is the biggest drawdown of QLTY?
The largest peak-to-trough decline was −17.0% between February 19, 2025 and April 8, 2025. It recovered to the old high on June 27, 2025, 3 months after the bottom.
How volatile is QLTY?
Over the past history QLTY had an annualized volatility of 12.1% and a Sharpe ratio of 1.26 (excess return over 1–3 month T-bills per unit of risk).