LBO vs QLTY
WHITEWOLF Publicly Listed Private Equity ETF vs GMO US Quality ETF
Which is better, LBO or QLTY?
QLTY has been ahead.
QLTY has a lower expense ratio. QLTY led over 1Y and the full window. QLTY is less concentrated, with 45.5% of the fund in its ten largest positions against 69.2%.
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 | LBO | QLTY |
|---|---|---|
| Expense Ratio | 6.53% | 0.50%Best |
| AUM | $6M | $5.4B |
| Dividend Yield | 6.27% | 0.66% |
| Holdings | 40 | 90 |
| YTD Return | -20.48% | +14.13%Best |
| 1Y Return | -18.75% | +20.95%Best |
| 3Y Return (annualized) | - | +21.84% |
| Volatility (annualized) | 19.8% | 11.9%Best |
| Max Drawdown | -32.9% | -17.0%Best |
| $10,000 over 2.9 years | $9,176 | $17,477Best |
| Top 10 Weight | 69.2% | 45.5%Best |
| Fund Family | White Wolf Capital Advisors | GMO |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 30, 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 30, 2023 to Oct 14, 2026 (2.9 years).
LBO 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.
LBO vs QLTY Performance
WHITEWOLF Publicly Listed Private Equity ETF (LBO) is an ETF from White Wolf Capital Advisors and GMO US Quality ETF (QLTY) is an ETF from GMO. Over the past year LBO returned -18.75% while QLTY returned +20.95%. Year to date, LBO is down 20.48% versus a gain of 14.13% for QLTY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LBO has been the more volatile fund, with annualized monthly volatility of 19.8% 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 -32.9% for LBO 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 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
LBO charges 6.53% per year while QLTY charges 0.50%. On a $10,000 position that is $653 vs $50 annually, a gap of $603 per year that compounds over a long holding period. On income, LBO currently yields 6.27% against 0.66% for QLTY.
Holdings Overlap
We hold position weights for 38 holdings in LBO and 45 in QLTY, totalling 99.8% and 99.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 38 positions we hold weights for in LBO and 45 in QLTY, against full books of 40 and 90.
What only one of them owns
Our book lists 45 positions for QLTY that do not appear in our book for LBO (99.7% of the fund), and 36 for LBO that do not appear in QLTY (92.9%).
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 LBO 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, LBO or QLTY?
LBO has an expense ratio of 6.53% while QLTY charges 0.50%. QLTY is the cheaper option, by $603 a year on a $10,000 investment.
Which performed better, LBO or QLTY?
Over the past year LBO returned -18.75% vs +20.95% for QLTY, so QLTY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LBO or QLTY?
LBO has been the more volatile fund at 19.8% annualized versus 11.9% for QLTY. Worst drawdown: LBO -32.9% vs QLTY -17.0%.
Should I hold both LBO and QLTY?
LBO and QLTY have a monthly-return correlation of 0.43, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, LBO or QLTY?
LBO yields 6.27% while QLTY yields 0.66%, so LBO currently pays the higher dividend yield.
Is QLTY better than LBO?
QLTY has a lower expense ratio. QLTY led over 1Y and the full window. QLTY is less concentrated, with 45.5% of the fund in its ten largest positions against 69.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.