GMOD vs GMOM

GMODAGMO Dynamic Allocation ETF

GMOMBCambria Global Momentum ETF

In short

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.

GMOM A go-anywhere trend follower in one ticker: GMOM ranks global stock, bond, commodity and currency ETFs, holds what is trending up, and can retreat to cash and short-term bonds when trends break. Live since 2014, 0.95% all-in.

Stated mandate

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

GMOM The fund seeks capital preservation and growth through a disciplined, globally diversified quantitative approach spanning equity, fixed income, commodities, and currencies, without depending on a particular market direction.

Why people hold it

• 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.

• GMOM Owns ETFs, not single names: a broad global menu of equity, bond, commodity and currency funds, sorted by momentum and long-term trend, with cash and bonds as the fallback.cambriafunds.com
• Of the 0.95% total expense ratio, 0.36 points is the fee on the ETFs it holds; the rest is the management fee. Near the typical cost in its tactical multi-asset group.cambriafunds.com
• Trading since November 2014 and run by Cambria founder Meb Faber on his own published tactical-allocation research, so the rulebook predates the fund.cambriafunds.comcambriafunds.com 2

Worth knowing

• 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.

• GMOM Thinly traded next to the giants of multi-asset investing, so the bid-ask spread can matter more than the expense ratio on small orders.
• Trend rules look backward: the fund can sit out the start of a rally and can whipsaw in choppy, directionless markets. That is the mechanism working as written.cambriafunds.com
• Cambria's own ENDW sits in the same tactical multi-asset category at 0.22%, so this fund's trend engine is the costlier route from the same shop.

Full GMOD profile⁠

Full GMOM profile⁠