GMOD vs WBIG

GMODAGMO Dynamic Allocation ETF

WBIGCWBI BullBear Yield 3000 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.

WBIG A dividend-tilted stock picker with a sell button. WBI pairs multifactor screens with a dynamic trailing stop process that shifts the portfolio toward cash when prices roll over, aiming to cushion drawdowns rather than hug a benchmark.

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.

WBIG The Fund seeks long-term capital appreciation and potential current income while also seeking to protect principal 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.

• WBIG The exit is the product: multifactor stock selection paired with a dynamic trailing stop-loss process, so losing positions can be sold into cash equivalents instead of ridden down.sec.gov
• Downside is written into the mandate: long-term capital appreciation and potential income while also seeking to protect principal in unfavorable markets.
• Unapologetically active. It does not try to replicate an index, so the portfolio can look nothing like the market it is measured against.sec.gov
• Trading live since 2014, so the discipline has been tested through real market cycles, not a backtest.

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.

• WBIG Costs 1.49% a year, well above the typical tactical multi-asset fund. That is the price tag on active selection and the stop-loss overlay.
• Cash cuts both ways: the allocation that can help when benchmarks fall also tends to hold the fund back when they rise.sec.gov
• Small and thinly traded, so spreads can be wide. Distributions arrive irregularly rather than on a set monthly or quarterly schedule.

Full GMOD profile⁠

Full WBIG profile⁠