IQ

GGM · GGM Macro Alignment ETF

Share ▾
Share on XDownload as PDF
$29.21
−1.1% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

GGM is actively managed and returned +8.2% over the past year.

Why did GGM return +8.2% over one year, against VOO’s +14.8%?Is a 0.94% fee low for a fund like GGM?What does GGM cost to hold and to trade?
Equity fund · Actively managedExpense ratio 0.94%Fund assets $21m net assets, latest filing (Aug 31, 2026)First traded Sep 26, 2023Benchmark S&P 500 Index, measured by VOO, which tracks the same indexSEC filings ↗Dividend history

GGM returned +8.2% over the year to Nov 4, 2026, charges 0.94% a year and holds $21m in net assets on Aug 31, 2026.

Promise check: Not measuredIt names no index it tracks.

Compare with…Trading costsPut to the committeeaskIQ about GGMAdd to portfolioAlerts

GGM risk and return scorecard

Not measured: no scorecard was computed for this fund.

Method

What you earned

GGM −6.2%, VOO −1.1%: total return over one month to Nov 4, 2026.
GGM−6.2%
VOO−1.1%
GGM −6.6%, VOO −0.1%: total return over three months to Nov 4, 2026.
GGM−6.6%
VOO−0.1%
GGM +1.3%, VOO +5.0%: total return over six months to Nov 4, 2026.
GGM+1.3%
VOO+5.0%
GGM +7.3%, VOO +13.4%: total return over the year to Nov 4, 2026.
GGM+7.3%
VOO+13.4%
GGM +8.2%, VOO +14.8%: total return over one year to Nov 4, 2026.
GGM+8.2%
VOO+14.8%
GGM +22.9%, VOO +83.3%: total return over three years to Nov 4, 2026.
GGM+22.9%
VOO+83.3%
GGM +21.9%, VOO +87.1%: total return since launch to Nov 4, 2026.
GGM+21.9%
VOO+87.1%
askIQ: why did GGM return +8.2% over one year, against VOO’s +14.8%? ↗

How concentrated, and what does it cost?

No index, actively managed
+8.2%
Total return, 1 year
Report
0.94%
Expense ratio
Report
5
Holdings
Report
−8.4%
Below its high
Report
1.6%
12-month yield, capital gains included, on its starting price
Report
$0.428
Last payment (paid annually), ex-date Dec 26, 2025
Report
Sector mix
Cost against like funds
askIQ: is a 0.94% fee low for a fund like GGM? ↗

More on GGM

Every number below is on this page. Open what you need.

The week's ETF fund flows, by email on Sundays.

One-click unsubscribe. See Privacy.

Price, 1 year

$29.21−1.1%1 day, priceClose, Nov 4, 2026

Price only. Total return over the same days, distributions reinvested, was +8.2%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

GGM returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (VOO)Gap to VOO
1M Oct 5 – Nov 4, 2026−6.2%−1.1%−5.1 pts
3M Aug 5 – Nov 4, 2026−6.6%−0.1%−6.5 pts
6M May 6 – Nov 4, 2026+1.3%+5.0%−3.7 pts
YTD Dec 31, 2025 – Nov 4, 2026+7.3%+13.4%−6.1 pts
1Y Nov 4, 2025 – Nov 4, 2026+8.2%+14.8%−6.6 pts
3Y Nov 3, 2023 – Nov 4, 2026+22.9%+83.3%−60.4 pts
Since launch Sep 26, 2023 – Nov 4, 2026+21.9%+87.1%−65.2 pts
Since launch, annualised Sep 26, 2023 – Nov 4, 2026+6.6%––

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

GGM key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$31.89 on Aug 14, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$26.13 on Nov 20, 2025
Close on Nov 4, 2026, within that range (ETFIQ)$29.21, 54% of the way from the low to the high
Holdings5
Top ten weight99.2%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · GGMas of Nov 4, 2026
·
Not scored1 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
One dealer
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

GGM for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
GGM interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

GGM is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About GGM

What it tracksNo index, actively managed
Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. large-cap blend
Expense ratio (485BPOS XBRL, Dec 23, 2025)0.94%
Price$29.21
First tradedSep 26, 2023
Net assets (SEC filing, whole fund, as filed for Aug 31, 2026)$21mReport
Benchmark (ETFIQ, from its filings)S&P 500 Index, measured by VOO, which tracks the same index
Benchmark named inits shareholder report, N-CSR, Nov 10, 2025
GGM, 1 year to Nov 4, 2026+8.2%
VOO, the same days+14.8%
Against its benchmark, 1 year (ETFIQ)−6.6 pts
Below its high (ETFIQ)−8.4%
Holdings5
Top ten weight99.2%
Cash, not in the top ten0.8%
Holdings as of (SEC N-PORT)Aug 31, 2026
Already in the S&P 500, by weight (ETFIQ)0.0%
Active share vs the S&P 500 (ETFIQ)100.0%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
IQ Investment Committee on GGM

12 seats on GGM, as of Nov 4, 2026: 3 Mixed, 4 Challenges, 4 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyDoes not apply
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationMixed
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges
Put GGM to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about GGM

How has GGM performed?
Over the year to Nov 4, 2026, GGM returned +8.2% with distributions reinvested, against +14.8% for the S&P 500. Over three years the number is +22.9%.
What does GGM cost?
The prospectus expense ratio is 0.94% a year.
What does GGM hold?
5 positions as filed for Aug 31, 2026, with the top ten at 99.2% of the fund. 0% of its weight is in stocks the S&P 500 also holds.
How far is GGM below its high?
8.4% below its high of Aug 14, 2026, measured on the reinvested series to Nov 4, 2026.
Sources and dates
Prices, GGM and Benchmark (VOO)Tiingo end-of-day · Nov 4, 2026
Fee, 0.94%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $21mSEC filing, whole fund · Aug 31, 2026
SourceHoldings filing (SEC Form N-PORT) ↗
IssuerWaverly website ↗
All fund filingsFund filings on SEC EDGAR ↗
Waverly’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, GGM, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/ggm

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Embed this chart

Free to use with the credit link. Paste this where the chart should go; it updates every trading night.

GGM: GGM over 1 year: total return +8.2%, its benchmark S&P 500 Index through VOO +14.8%, −6.6 pts. Data to Nov 4, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/core/ggm/" title="GGM: GGM over 1 year: total return +8.2%, its benchmark S&amp;P 500 Index through VOO +14.8%, −6.6 pts. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">GGM: GGM over 1 year: total return +8.2%, its benchmark S&amp;P 500 Index through VOO +14.8%, −6.6 pts. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/ggm">ETFIQ</a></figcaption>
</figure>

How to embed ETFIQ charts

Get the ETFIQ Daily

The day's ETF flows, a comparison and one number. Every trading morning. About the Daily

The ETFIQ Daily and our other emails. Unsubscribe from any one in a click. See Privacy.

Snapshot, Nov 4, 2026. More on the tabs above.