BBHL vs QLTY: Grades, Fees and Holdings Compared

BBH Select Large Cap ETF

BBHLCNYSE Arca

GMO US Quality ETF

QLTYANYSE Arca

Overlap

37.9%by weight

Expense ratio

QLTY −0.21pt a year

BBHL0.71%QLTY0.50%

Avg volume · 30D

QLTY 10.6×the volume

BBHL38KQLTY402K

BBHL vs QLTY Performance

Dec 31, 2025 – Nov 2, 2026

+8.9%BBHL+13.7%QLTY

Expense ratio: BBHL 0.71%; QLTY 0.50%, better
Fund size: BBHL $530M; QLTY $5.4B
1Y total return: BBHL No data; QLTY +17.2%
Yield (12M): BBHL No data; QLTY 0.65%
Holdings: BBHL 50; QLTY 47
Avg volume (30D): BBHL 38K sh; QLTY 402K sh, better
NAV per share: BBHL $17.47; QLTY $43.53
52W range

ETF.net Grade

Pillar letters and Scores for BBHL, QLTY, with each pillar’s weight
Pillar	BBHL	QLTY
Cost30% weight	D38	A75Higher
Mission25% weight	Not scored	A77
Risk15% weight	B66	B68Higher
Tradability15% weight	C53	A80Higher
Holdings10% weight	B69	A75Higher
Durability5% weight	A78	A89Higher

Rank among US Active Quality funds

How we build Categories ›

Same Category. BBHL and QLTY are both graded against the same 16 US Active Quality funds, so their Grades compare head to head.

US Active Quality⁠

Category · 16 funds

See all 16 ›

QLTY ranks 2nd and BBHL 8th of 16 funds in the US Active Quality Category.

Rank 1ANPFENpf Core Equity EtfScore 79
Rank 2AQLTYGMO US Quality ETFScore 75
Rank 3BAQECAQE Core ETFScore 66
Rank 7CJGRWJensen Quality Growth ETFScore 54
Rank 8CBBHLBBH Select Large Cap ETFScore 53
Rank 9CEQTYKovitz Core Equity ETFScore 47

Our read on each fund

ETF.net Research

BBHLCBBH Select Large Cap ETF

QLTYAGMO US Quality ETF

In short

BBHL No data

QLTY Most quality ETFs run a rules screen. QLTY hands the job to GMO's stock pickers, who buy US companies they judge high quality and chase plain total return. Active conviction, priced like it: 0.50% a year.

Stated mandate

BBHL No data

QLTY The Fund seeks total return. It is actively managed and invests primarily in equities of U.S. companies that GMO believes are high quality.

Why people hold it

BBHL No data

QLTY Actively managed, not index-tracking. GMO's team chooses the US companies it considers high quality, under a straightforward total-return mandate instead of a published factor formula.
GMO's read on quality leans toward wide moats and free cash flow, so the lineup can look meaningfully different from the index-built quality funds it sits beside.
Opened in 2023 and already a multi-billion-dollar fund with moderate daily trading and a quarterly distribution schedule.
The filings match the label: a standard 1940-Act fund holding US equities, screened on quality, no derivative wrapper or offshore complexity.

Worth knowing

BBHL No data

QLTY The 0.50% fee runs above the typical quality-cohort charge, and index-built rivals undercut it hard: QUAL at 0.15%, JQUA at 0.12%.
No index to fall back on. Everything rides on GMO's stock selection, and the ETF's own record only starts in 2023.
Mostly on that fee, it sits in the lower half of its US quality peer group even though it does the job its documents describe.

Full BBHL profile⁠

Full QLTY profile⁠

BBHL vs QLTY Holdings

How BBHL and QLTY differ

Overlap by weight

37.9%

Shared holdings make up 55.9% of QLTY and 45.0% of BBHL.

Level by level

Holdings18 in both37.9%
Sector8 Sectors81.5%
Countryby domicile99.3%
Asset classEquity100%

Sector

Sector weights in BBHL and QLTY, widest gap first
Sector	More in BBHLMore in QLTY	BBHL	QLTY
Health Care	QLTY +14.5 points	9.1%	23.6%
Financials	BBHL +7.0 points	15.1%	8.1%
Industrials	BBHL +5.4 points	9.3%	3.9%
Materials	BBHL +3.2 points	3.8%	0.6%
Communication	QLTY +2.8 points	9.1%	11.9%
Consumer Discretionary	BBHL +1.7 points	8.7%	7.0%
Consumer Staples	QLTY +1.2 points	5.7%	6.9%
Technology	BBHL +1.1 points	39.2%	38.1%

Country, concentration and asset class

Country by domicile

Country weights in BBHL and QLTY, widest gap first
Country	More in BBHLMore in QLTY	BBHL	QLTY
United States	QLTY +0.7 points	99.3%	100.0%
Other countries (2)	BBHL +0.7 points	0.7%	0.0%

Concentration

Weight in the 10 largest Holdings

BBHL46.3%
QLTY42.3%

Securities held

BBHL49
QLTY46

Asset class

BBHL: Equity
QLTY: Equity

Holdings

Only in BBHL31
In both18
Only in QLTY28

Only in BBHL

31 securities, 50.1% of BBHL by weight

Alphabet Inc-Cl C5.24%
Waste Management Inc3.87%
Berkshire Hathaway Inc-Cl B3.65%
Linde PLC3.30%
Palo Alto Networks Inc2.78%
Rockwell Automation Inc2.60%
Progressive Corp2.50%
Walmart Inc2.49%
Cadence Design Sys Inc2.34%
Applied Materials Inc2.19%
Parker Hannifin Corp2.13%
Arthur J Gallagher & Co1.85%
Costco Wholesale Corp1.82%
Oracle Corp1.64%
JPMorgan Chase & Co1.50%
S&P Global Inc1.49%
BlackRock Inc1.04%
Analog Devices Inc1.00%
Medtronic PLC0.84%
Ecolab Inc0.72%
Spotify Technology SA0.72%
Zoetis Inc0.71%
Booking Holdings Inc0.70%
Mcdonalds Corp0.66%
Servicenow Inc0.60%
Alcon Inc0.52%
Otis Worldwide Corp0.33%
Compass Group Plc-Spon Adr0.25%
Taiwan Semiconductor-Sp Adr0.24%
Nike Inc -Cl B0.23%
Graco Inc0.15%

Only in QLTY

28 securities, 43.8% of QLTY by weight

Alphabet Inc Class A4.18%
Lam Research Corp3.34%
UnitedHealth Group Inc2.61%
Visa Inc Class A Shares2.46%
Netflix Inc2.19%
Salesforce Inc2.08%
Aramark1.92%
Us Bancorp1.76%
Accenture PLC Class A1.72%
Synopsys Inc1.69%
The Cigna Group1.62%
Merck & Co. Inc.1.61%
General Electric1.59%
Elevance Health Inc1.53%
Constellation Brands Inc A1.43%
Tjx Companies Inc1.26%
Roper Technologies Inc1.23%
Tradeweb Markets Inc Class A1.10%
Philip Morris International1.09%
Uber Technologies Inc1.08%
Martin Marietta Materials1.05%
Quest Diagnostics Inc1.04%
Brown Forman Corp Class B0.85%
Stryker Corp0.83%
Moody’s Corp0.76%
Jack Henry & Associates Inc0.66%
State Str Instl Invt Tr0.57%
Ferguson Enterprises Inc0.53%

Weight gaps

All 18 Holdings in both funds, largest gap first.

Holding weights in BBHL and QLTY, widest gap first
Holding	More in BBHLMore in QLTY	BBHL	QLTY
Thermo Fisher Scientific IncTMO	QLTY +3.41 points	0.95%	4.36%
Meta Platforms Inc-Class AMETA	QLTY +2.49 points	1.50%	3.99%
Apple IncAAPL	BBHL +2.41 points	5.79%	3.38%
Mastercard Inc - AMA	BBHL +2.19 points	4.63%	2.44%
Johnson & JohnsonJNJ	QLTY +2.03 points	2.43%	4.46%
Broadcom IncAVGO	QLTY +1.70 points	1.55%	3.25%
Abbott LaboratoriesABT	QLTY +1.65 points	0.79%	2.44%
Amazon.com IncAMZN	BBHL +1.44 points	4.99%	3.55%
Texas Instruments IncTXN	QLTY +1.40 points	2.47%	3.87%
Microsoft CorpMSFT	QLTY +1.17 points	6.76%	7.93%
Procter & Gamble Co/ThePG	QLTY +1.14 points	0.96%	2.10%
Intuitive Surgical IncISRG	QLTY +1.05 points	0.15%	1.20%
Kla CorpKLAC	BBHL +1.01 points	3.16%	2.15%
Hilton Worldwide HldgsHLT	QLTY +0.81 points	1.09%	1.90%
Coca-Cola Co/TheKO	QLTY +0.60 points	1.15%	1.75%
NVIDIA CorpNVDA	QLTY +0.36 points	2.78%	3.14%
Home Depot IncHD	QLTY +0.10 points	0.80%	0.90%
Eli Lilly & CoLLY	QLTY +0.03 points	3.03%	3.06%

All BBHL holdings⁠All QLTY holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BBHL vs QLTY Cost

Overpaying BBHL vs QLTY

$3,803

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BBHL 0.71%
$13,782
QLTY 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

BBHL 0.71%
QLTY 0.50%
Overpaying

Year by year

Year	BBHL	QLTY	Overpaying
10	$1,267	$900	$367
20	$4,824	$3,460	$1,364
30	$13,782	$9,979	$3,803

Expense ratio

0.71%BBHL
0.50%QLTY, cheaper

QLTY0.50%BBHL0.71%

0.40%1.52%

Middle half of US Active Quality funds
Median 0.65%

QLTY 4th cheapest of 16 funds

BBHL 9th cheapest of 16 funds

BBHL vs QLTY Dividends

Last 12 months to Nov 2, 2026

Yield (12M): BBHL No data; QLTY 0.65%
Payout (12M): BBHL None; QLTY $0.28
Last payment: BBHL No data; QLTY $0.06
Ex-dividend: BBHL No data; QLTY Sep 30, 2026
Paid on: BBHL No data; QLTY Oct 1, 2026
Frequency: BBHL No data; QLTY Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

BBHLAll BBHL payments⁠

No distribution history available.

QLTYQuarterly · 12 paymentsAll QLTY payments⁠

BBHL vs QLTY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BBHL No dataQLTY 11.9%since Dec 2023
Return per unit of riskSharpe ratio, 3 years: BBHL No dataQLTY 1.27since Dec 2023
Worst fallMax drawdown, 5 years: BBHL No dataQLTY −17.0%since Nov 2023
Market sensitivityBeta, 5 years: BBHL 0.87QLTY 0.98; Market = 1

Popular comparisons

BBHLCvsNPFEA
BBH Select Large Cap ETF · Npf Core Equity Etf
Expense ratio
0.71% · 0.40%
Category
QLTYAvsNPFEA
GMO US Quality ETF · Npf Core Equity Etf
Expense ratio
0.50% · 0.40%
Category
BBHLCvsAQECB
BBH Select Large Cap ETF · AQE Core ETF
Expense ratio
0.71% · 0.49%
Category
QLTYAvsAQECB
GMO US Quality ETF · AQE Core ETF
Expense ratio
0.50% · 0.49%
Category
BBHLCvsQIDXB
BBH Select Large Cap ETF · Indexperts Quality Earnings Focused ETF
Expense ratio
0.71% · 0.50%
Category
QLTYAvsQIDXB
GMO US Quality ETF · Indexperts Quality Earnings Focused ETF
Expense ratio
0.50% · 0.50%
Category