GQI vs QLTY
Natixis Gateway Quality Income ETF vs GMO US Quality ETF
Which is better, GQI or QLTY?
Each has led over a different period.
GQI has a lower expense ratio. GQI led over 1Y, QLTY over the full window. The two have moved almost in lockstep, correlation 0.93.
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 | GQI | QLTY |
|---|---|---|
| Expense Ratio | 0.34%Best | 0.50% |
| AUM | $304M | $5.4B |
| Dividend Yield | 8.66% | 0.66% |
| Holdings | 110 | 90 |
| YTD Return | +15.06%Best | +14.13% |
| 1Y Return | +21.24%Best | +20.95% |
| 3Y Return (annualized) | - | +21.84% |
| Volatility (annualized) | 8.8%Best | 12.0% |
| Max Drawdown | -16.6%Best | -17.0% |
| $10,000 over 2.8 years | $15,358 | $16,951Best |
| Fund Family | Natixis Funds | GMO |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 13, 2023 | Nov 13, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 13, 2023 to Oct 14, 2026 (2.8 years).
GQI 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 2.8 years both funds cover.
GQI vs QLTY Performance
Natixis Gateway Quality Income ETF (GQI) is an ETF from Natixis Funds and GMO US Quality ETF (QLTY) is an ETF from GMO. Over the past year GQI returned +21.24% while QLTY returned +20.95%. Year to date, GQI is up 15.06% versus a gain of 14.13% for QLTY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QLTY has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 8.8% for GQI. 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 -16.6% for GQI 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GQI charges 0.34% per year while QLTY charges 0.50%. On a $10,000 position that is $34 vs $50 annually, a gap of $16 per year that compounds over a long holding period. On income, GQI currently yields 8.66% against 0.66% for QLTY.
Holdings Overlap
At least 53.8% of QLTY's money is in holdings GQI also owns.
Stated as a floor: for GQI, our book for it covers 89.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
16 positions in common, counted across the 118 positions we hold weights for in GQI and 45 in QLTY, against full books of 110 and 90.
Top Shared Holdings
| Stock | Weight in GQI | Weight in QLTY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 4.06% | 8.00% | 3.94% |
| AAPLApple, Inc | 7.52% | 4.20% | 3.32% |
| NVDANvidia Corp | 8.31% | 3.30% | 5.01% |
| GOOGLAlphabet Inc | 5.23% | 4.90% | 0.33% |
| METAMeta Platforms Inc | 2.11% | 4.80% | 2.69% |
| AMZNAmazon.Com Inc | 3.31% | 3.50% | 0.19% |
| AVGOBroadcom Inc | 2.08% | 3.70% | 1.62% |
| LRCXLam Research Corp | 0.91% | 4.20% | 3.29% |
| JNJJohnson & Johnson - Common | 0.72% | 4.10% | 3.38% |
| MAMastercard Inc | 2.31% | 2.40% | 0.09% |
53.8% of QLTY is already inside GQI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, GQI or QLTY?
GQI has an expense ratio of 0.34% while QLTY charges 0.50%. GQI is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, GQI or QLTY?
Over the past year GQI returned +21.24% vs +20.95% for QLTY, so GQI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GQI or QLTY?
QLTY has been the more volatile fund at 12.0% annualized versus 8.8% for GQI. Worst drawdown: GQI -16.6% vs QLTY -17.0%.
Should I hold both GQI and QLTY?
GQI and QLTY have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between GQI and QLTY?
At least 53.8% of QLTY's money is in holdings GQI also owns. Our book for GQI is partial, so the real figure is this or higher. They hold 16 positions in common, counted across the 118 positions we hold weights for in GQI and 45 in QLTY.
Which pays a higher dividend, GQI or QLTY?
GQI yields 8.66% while QLTY yields 0.66%, so GQI currently pays the higher dividend yield.
Is QLTY better than GQI?
GQI has a lower expense ratio. GQI led over 1Y, QLTY over the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.