GOP vs QLTY
Subversive Congressional Republicans Trading ETF vs GMO US Quality ETF
Which is better, GOP or QLTY?
Each has led over a different period.
QLTY has a lower expense ratio. GOP led over 1Y, QLTY over 3Y and the full window. GOP is less concentrated, with 38.4% 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 | GOP | QLTY |
|---|---|---|
| Expense Ratio | 0.73% | 0.50%Best |
| AUM | $94M | $5.4B |
| Dividend Yield | 0.56% | 0.66% |
| Holdings | 141 | 90 |
| YTD Return | +19.48%Best | +14.13% |
| 1Y Return | +22.08%Best | +20.95% |
| 3Y Return (annualized) | +21.66% | +21.84%Best |
| Volatility (annualized) | 12.8% | 11.9%Best |
| Max Drawdown | -20.7% | -17.0%Best |
| $10,000 over 2.9 years | $17,406 | $17,733Best |
| Top 10 Weight | 38.4%Best | 45.5% |
| Fund Family | Subversive Capital | GMO |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 7, 2023 | Nov 13, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 15, 2023 to Oct 14, 2026 (2.9 years).
GOP vs QLTY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.9 years both funds cover.
GOP vs QLTY Performance
Subversive Congressional Republicans Trading ETF (GOP) is an ETF from Subversive Capital and GMO US Quality ETF (QLTY) is an ETF from GMO. Over the past year GOP returned +22.08% while QLTY returned +20.95%. Year to date, GOP is up 19.48% versus a gain of 14.13% for QLTY.
Over three years, GOP compounded at +21.66% per year against +21.84% for QLTY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GOP has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 11.9% 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 -20.7% for GOP 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GOP charges 0.73% per year while QLTY charges 0.50%. On a $10,000 position that is $73 vs $50 annually, a gap of $23 per year that compounds over a long holding period. On income, GOP currently yields 0.56% against 0.66% for QLTY.
Holdings Overlap
13.8% of GOP's money is in holdings QLTY also owns. 52.4% of QLTY's money is in holdings GOP also owns.
The two portfolios partly overlap.
17 positions in common, counted across the 135 positions we hold weights for in GOP and 45 in QLTY, against full books of 141 and 90.
What only one of them owns
Our book lists 28 positions for QLTY that do not appear in our book for GOP (47.3% of the fund), and 111 for GOP that do not appear in QLTY (80.5%).
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.
Top Shared Holdings
| Stock | Weight in GOP | Weight in QLTY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 0.56% | 8.00% | 7.44% |
| NVDANvidia Corp | 3.48% | 3.30% | 0.18% |
| JNJJohnson & Johnson - Common | 1.39% | 4.10% | 2.71% |
| METAMeta Platforms Inc | 0.59% | 4.80% | 4.21% |
| TXNTexas Instrument Inc | 1.33% | 3.80% | 2.47% |
| AAPLApple, Inc | 0.57% | 4.20% | 3.63% |
| AVGOBroadcom Inc | 0.84% | 3.70% | 2.86% |
| AMZNAmazon.Com Inc | 0.63% | 3.50% | 2.87% |
| VVisa Inc Class A | 0.56% | 2.80% | 2.24% |
| KLACKla-tencor | 0.25% | 2.70% | 2.45% |
52.4% of QLTY is already inside GOP.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GOP or QLTY?
GOP has an expense ratio of 0.73% while QLTY charges 0.50%. QLTY is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, GOP or QLTY?
Over the past year GOP returned +22.08% vs +20.95% for QLTY, so GOP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GOP or QLTY?
GOP has been the more volatile fund at 12.8% annualized versus 11.9% for QLTY. Worst drawdown: GOP -20.7% vs QLTY -17.0%.
Should I hold both GOP and QLTY?
GOP and QLTY have a monthly-return correlation of 0.81, 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 GOP and QLTY?
52.4% of QLTY's money is in holdings GOP also owns. 52.4% of QLTY's is in holdings GOP also owns. They hold 17 positions in common, counted across the 135 positions we hold weights for in GOP and 45 in QLTY.
Which pays a higher dividend, GOP or QLTY?
GOP yields 0.56% while QLTY yields 0.66%, so QLTY currently pays the higher dividend yield.
Is QLTY better than GOP?
QLTY has a lower expense ratio. GOP led over 1Y, QLTY over 3Y and the full window. GOP is less concentrated, with 38.4% 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.