GMOD vs THY

GMODAGMO Dynamic Allocation ETF

THYCToews Agility Shares Dynamic Tactical Income 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.

THY A junk-bond market timer in ETF form: all-in on high yield when its momentum signals say go, and the prospectus lets it sit 100% in cash and Treasuries for long stretches when they say stop. Income first, defense second, by design.

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.

THY The fund seeks income as its primary objective and seeks secondarily to limit risk during unfavorable market conditions.

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.

• THY The defensive setting is literal: filings allow a 100% allocation to cash, Treasuries or short-term fixed income for significant stretches when high-yield signals turn.sec.gov
• Signals are mechanical, not vibes. The adviser reads price movement and momentum in high-yield bond markets to set the fund's weighting.sec.gov
• Pays monthly, and can hedge long positions with futures and ETFs instead of only selling out of them.sec.gov

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.

• THY Costs 1.04% net of a waiver through August 31, 2027 (1.27% gross), above the category median. Cheaper tactical peers include PTBD at 0.60%.
• Timing cuts both ways: a long defensive stretch in cash and Treasuries can mean a thinner payout and a missed high-yield rebound.sec.gov
• Thinly traded, so the bid-ask spread is a real part of the cost of getting in and out.

Full GMOD profile⁠

Full THY profile⁠