DRAI vs GMOD

DRAIFDraco Evolution AI ETF

GMODAGMO Dynamic Allocation ETF

In short

DRAI A machine makes the allocation call: Draco's AI model shifts among US stocks, gold and bonds inside one ticker. A small, young, go-anywhere allocator carrying a 1.32% price tag and no fee waiver.

GMOD GMO's 7-year asset class forecasts, finally wrapped in an ETF. It tilts toward what the firm's valuation models call cheap and away from what they call expensive, shifting between stocks, bonds and alternatives inside one ticker.

Stated mandate

DRAI The Fund seeks long-term capital appreciation through active, AI-driven allocation among asset classes selected for their perceived risk/return opportunities.

GMOD The Fund seeks positive total return. It allocates among asset classes using GMO's multi-year return forecasts and relative-risk assessments.

Why people hold it

• DRAI One ticker, a go-anywhere mandate: the model can move among small-, mid- and large-cap US stocks, gold and fixed income instead of sitting in a fixed 60/40 split.sec.gov
• The AI allocation call is the product, not a label. The prospectus puts active, model-driven asset-class selection at the center of the mandate, and the fund pays quarterly.sec.gov
• Fees are itemized in the prospectus, and part of the headline cost is the fees of the underlying funds it holds rather than the manager's own charge.sec.gov

• GMOD 0.50% all-in, about half the typical fee in its tactical-allocation peer group, and a contractual waiver offsets the fees of the GMO funds it holds so costs are not stacked.sec.gov
• GMO's first multi-asset strategy in an ETF, run by the asset allocation team behind the firm's long-running 7-year asset class forecasts.gmo.com
• The equity dial can swing between 40% and 80% of assets under normal conditions, so the fund handles the reallocating rather than you selling positions to do it.gmo.com
• Sits in the upper tier of a crowded tactical multi-asset group on cost and process clarity.

Worth knowing

• DRAI At 1.32% it sits above the typical fee in its tactical multi-asset category, where peers such as ENDW (0.22%) charge a fraction of that.
• A small fund that trades lightly, so spreads can run wider than in the big allocation funds.
• Launched in 2024 and non-diversified, so the record is short and the model is free to run concentrated.sec.gov

• GMOD New in 2025 and lightly traded so far, which can mean wider bid-ask spreads than the big allocation ETFs.
• It owns other GMO funds, and the single 0.50% rate leans on a contractual waiver with an expiration date rather than a permanent cap.sec.gov
• Cheaper tactical allocators exist (ENDW at 0.22%, ONOF at 0.39%), though each runs a different process.

Full DRAI profile⁠

Full GMOD profile⁠