ERNZ vs QLTY
TrueShares Active Yield ETF vs GMO US Quality ETF
Which is better, ERNZ or QLTY?
QLTY has been ahead.
QLTY has a lower expense ratio. QLTY led over 1Y and the full window. ERNZ is less concentrated, with 22.5% of the fund in its ten largest positions against 45.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ERNZ | QLTY |
|---|---|---|
| Expense Ratio | 3.25% | 0.50%Best |
| AUM | $6M | $5.4B |
| Dividend Yield | 8.71% | 0.66% |
| Holdings | 144 | 90 |
| Volatility (annualized) | 9.6%Best | 11.9% |
| Max Drawdown | -14.2%Best | -17.0% |
| $10,000 over 1.9 years | $9,968 | $12,891Best |
| Top 10 Weight | 22.5%Best | 45.5% |
| Fund Family | TrueShares | GMO |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 30, 2024 | Nov 13, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 204 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. ERNZ has data through Mar 24, 2026 and QLTY through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: May 1, 2024 to Mar 24, 2026 (1.9 years).
Risk: Volatility and Drawdowns
QLTY has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 9.6% for ERNZ. 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 -14.2% for ERNZ and -17.0% for QLTY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.47. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ERNZ charges 3.25% per year while QLTY charges 0.50%. On a $10,000 position that is $325 vs $50 annually, a gap of $275 per year that compounds over a long holding period. On income, ERNZ currently yields 8.71% against 0.66% for QLTY.
Holdings Overlap
0.7% of ERNZ's money is in holdings QLTY also owns. 2.5% of QLTY's money is in holdings ERNZ also owns.
QLTY and ERNZ share little of their money.
The two holdings books were reported 250 days apart, ERNZ as of Jan 30, 2026 and QLTY as of Oct 7, 2026, so some of the difference between them is the time between the two reports rather than the funds.
2 positions in common, counted across the 141 positions we hold weights for in ERNZ and 45 in QLTY, against full books of 144 and 90.
What only one of them owns
Our book lists 43 positions for QLTY that do not appear in our book for ERNZ (97.2% of the fund), and 130 for ERNZ that do not appear in QLTY (91.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of ERNZ and QLTY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ERNZ or QLTY?
ERNZ has an expense ratio of 3.25% while QLTY charges 0.50%. QLTY is the cheaper option, by $275 a year on a $10,000 investment.
Which is riskier, ERNZ or QLTY?
QLTY has been the more volatile fund at 11.9% annualized versus 9.6% for ERNZ. Worst drawdown: ERNZ -14.2% vs QLTY -17.0%.
Should I hold both ERNZ and QLTY?
ERNZ and QLTY have a monthly-return correlation of 0.47, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ERNZ and QLTY?
2.5% of QLTY's money is in holdings ERNZ also owns. 2.5% of QLTY's is in holdings ERNZ also owns. They hold 2 positions in common, counted across the 141 positions we hold weights for in ERNZ and 45 in QLTY.
Which pays a higher dividend, ERNZ or QLTY?
ERNZ yields 8.71% while QLTY yields 0.66%, so ERNZ currently pays the higher dividend yield.
Is QLTY better than ERNZ?
QLTY has a lower expense ratio. QLTY led over 1Y and the full window. ERNZ is less concentrated, with 22.5% of the fund in its ten largest positions against 45.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.