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GMOD vs QPX

GMO Dynamic Allocation ETF

GMODANYSE Arca

AdvisorShares Q Dynamic Growth ETF

QPXFNYSE Arca

Overlap

Expense ratio

GMOD −1.27pt a year

GMOD0.50%QPX1.77%

Avg volume · 30D

GMOD 3.9×the volume

GMOD11.8KQPX3.08K

GMOD vs QPX Performance

Oct 31, 2025 – Oct 30, 2026

+11.8%GMOD+4.0%QPX

Oct 31, 2025 to Oct 30, 2026. GMOD +11.8%. QPX +4.0%. Use the arrow keys to read each point.−5%0%Oct 2025Apr 2026Oct 2026
Expense ratio
GMOD 0.50%, better
QPX 1.77%
Fund size
GMOD $49M
QPX $32M
1Y total return
GMOD +11.8%, better
QPX +4.0%
Holdings
GMOD 20
QPX 8
Avg volume (30D)
GMOD 11.8K sh, better
QPX 3.08K sh
NAV per share
GMOD $27.77
QPX $46.11
52W range

ETF.net Grade

GMOD: Cost 90, Risk 75, Mission 74, Tradability 73, Holdings 64, Durability 49. QPX: Cost 3, Risk 32, Mission not scored, Tradability 33, Holdings 37, Durability 55.
Pillar letters and Scores for GMOD, QPX, with each pillar’s weight
PillarGMODQPX
Cost30% weightA90HigherF3
Mission25% weightA74Not scored
Risk15% weightA75HigherD32
Tradability15% weightA73HigherD33
Holdings10% weightB64HigherD37
Durability5% weightC49B55Higher

Rank among Tactical Allocation funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GMOD and QPX are both graded against the same 46 Tactical Allocation funds, so their Grades compare head to head.

Tactical Allocation⁠

Category · 46 funds
See all 46 ›

GMOD ranks 2nd and QPX 43rd of 46 funds in the Tactical Allocation Category.

  1. Rank 1AENDWCambria Endowment Style ETFScore 81
  2. Rank 2AGMODGMO Dynamic Allocation ETFScore 76
  3. Rank 3APTBDPacer Trendpilot US Bond ETFScore 72
  4. Rank 43FDRAIDraco Evolution AI ETFScore 23
  5. Rank 43FQPXAdvisorShares Q Dynamic Growth ETFScore 23
  6. Rank 45FOROArrow Valtoro ETFScore 22

Our read on each fund

ETF.net Research

GMODAGMO Dynamic Allocation ETF

QPXFAdvisorShares Q Dynamic Growth 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.

QPX A one-ticker tactical mix: it owns other ETFs across stocks, bonds, commodities and volatility products, pursuing equity-like growth until implied volatility turns abnormal, then shifting defensive. Actively run, and priced like it.

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.

QPX The Fund seeks long-term growth. It actively allocates among ETFs spanning equities, bonds, commodities, volatility products and other asset classes, normally pursuing equity-like returns but moving defensively when implied volatility is abnormal.

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.
  • QPX Stocks, bonds, commodities and volatility products in a single holding, with a manager free to move the mix instead of sitting in a fixed allocation.advisorshares.com
  • The defense switch is written into the mandate, not the marketing: abnormal implied volatility is the documented cue to move the portfolio defensively.advisorshares.com
  • Trading since December 2020, so there is a multi-year live record to inspect instead of a backtest.advisorshares.com

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.
  • QPX The 1.76% annual fee is a heavy lift. Tactical cohort peers such as ENDW (0.22%) and ONOF (0.39%) charge a fraction of it.
  • Small and thinly traded, so spreads can be wide and a big order can move the price. Limit orders are the norm here.
  • No published benchmark to measure it against, so results ride on one team's volatility read rather than a rule you can check yourself.

Full GMOD profile⁠

Full QPX profile⁠

GMOD vs QPX 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.

GMOD vs QPX Cost

Overpaying QPX vs GMOD

$19,992

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

  • GMOD 0.50%

    $9,979

  • QPX 1.77%

    $29,971

$10,000
30 years

Cost over time

  • GMOD 0.50%
  • QPX 1.77%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530QPX $29,971GMOD $9,979

Year by year

YearGMODQPXOverpaying
10$900$3,022$2,122
20$3,460$10,977$7,517
30$9,979$29,971$19,992

Expense ratio

  • 0.50%GMOD, cheaper
  • 1.77%QPX
  • Middle half of Tactical Allocation funds
  • Median 0.93%

GMOD 6th cheapest of 46 funds

QPX 44th cheapest of 46 funds

GMOD vs QPX Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
GMOD No data
QPX None
Last payment
GMOD $0.14
QPX No data
Ex-dividend
GMOD Jun 30, 2026
QPX No data
Paid on
GMOD Jul 1, 2026
QPX No data
Frequency
GMOD Twice a year
QPX No data

Distribution history

Per share, 2025 to 2026, same scale for both

GMODTwice a year · 2 paymentsAll GMOD payments⁠
One bar per payment. 2 payments from 2025 to 2026 YTD. Dec 30, 2025 $0.24; Jun 30, 2026 $0.14. Use the arrow keys to read each point.$0$0.252026YTD
QPXAll QPX payments⁠

No distribution history available.

GMOD vs QPX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GMOD 8.7%since Nov 2025QPX 13.1%
Return per unit of riskSharpe ratio, 3 years
GMOD 0.89since Nov 2025QPX 1.08
Worst fallMax drawdown, 5 years
GMOD −6.5%since Oct 2025QPX −34.7%
Market sensitivityBeta, 5 years
GMOD 0.48QPX 1.20

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