- ISIN
- US3176093785
- CUSIP
- 317609378
- Issuer
- Grandeur Peak Funds
- Inception Date
- Oct 16, 2011
- Category
- Foreign Small & Mid Cap Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
GPIOX Performance Chart
Grandeur Peak International Opportunities Fund (GPIOX) is up 8.8% since the beginning of the year. GPIOX is currently trading at $4 per share. Investors who bought $1,000 worth of GPIOX shares 5 years ago would now be looking at an investment worth $818.
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Returns By Period
Grandeur Peak International Opportunities Fund (GPIOX) has returned 8.81% so far this year and 11.40% over the past 12 months. Over the last ten years, GPIOX has returned 6.35% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
Grandeur Peak International Opportunities Fund
- 1D
- -0.28%
- 1M
- 0.28%
- YTD
- 8.81%
- 6M
- 9.15%
- 1Y
- 11.40%
- 3Y*
- 5.09%
- 5Y*
- -3.93%
- 10Y*
- 6.35%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
GPIOX Monthly Returns History
Based on dividend-adjusted daily data since Oct 21, 2011, GPIOX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2026 with a return of +15.7%, while the worst month was Mar 2020 at -18.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, GPIOX closed higher 45% of trading days. The best single day was Mar 24, 2020 with a return of +7.4%, while the worst single day was Mar 16, 2020 at -10.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.13% | 0.30% | -9.20% | 15.69% | 2.82% | -1.65% | 8.81% | ||||||
| 2025 | 1.64% | -2.26% | -2.97% | 6.80% | 5.41% | 5.14% | -2.30% | 2.94% | -1.14% | -1.73% | -0.59% | 0.86% | 11.78% |
| 2024 | -5.38% | 0.60% | -0.30% | -4.78% | 4.08% | -2.71% | 4.95% | 1.47% | 1.74% | -7.14% | -1.23% | -2.82% | -11.63% |
| 2023 | 8.15% | -2.90% | -0.60% | 0.90% | -3.87% | 3.10% | 1.80% | -3.24% | -5.49% | -7.74% | 13.99% | 8.98% | 11.37% |
| 2022 | -12.11% | -5.14% | -1.97% | -9.55% | -2.78% | -10.29% | 7.96% | -5.31% | -11.21% | 3.16% | 10.20% | -1.51% | -34.48% |
| 2021 | 0.86% | 2.12% | 0.00% | 7.48% | 2.32% | 0.95% | 1.69% | 3.68% | -4.26% | 2.97% | -3.78% | 3.57% | 18.43% |
Benchmark Metrics
Grandeur Peak International Opportunities Fund has an annualized alpha of -0.01%, beta of 0.65, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since October 21, 2011.
- This fund participated in 102.87% of S&P 500 Index downside but only 81.58% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.65 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -0.01%
- Beta
- 0.65
- R²
- 0.52
- Upside Capture
- 81.58%
- Downside Capture
- 102.87%
Expense Ratio
GPIOX has a high expense ratio of 1.55%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GPIOX ranks 9 for risk / return — in the bottom 9% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Grandeur Peak International Opportunities Fund (GPIOX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GPIOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.32 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 2.46 | -1.60 |
| Martin ratioReturn relative to average drawdown | 2.62 | 10.92 | -8.30 |
Dividends
Dividend History
Grandeur Peak International Opportunities Fund provided a 3.26% dividend yield over the last twelve months, with an annual payout of $0.12 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.12 | $0.12 | $0.07 | $0.02 | $0.00 | $0.65 | $0.16 | $0.12 | $0.38 | $0.14 | $0.07 | $0.14 |
Dividend yield | 3.26% | 3.55% | 2.26% | 0.62% | 0.03% | 13.37% | 3.40% | 3.50% | 13.44% | 3.45% | 2.26% | 4.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Grandeur Peak International Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $0.65 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Grandeur Peak International Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Grandeur Peak International Opportunities Fund was 45.01%, occurring on Apr 7, 2025. The portfolio has not yet recovered.
The current Grandeur Peak International Opportunities Fund drawdown is 24.16%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -45.01%Apr 2025 | 3y 7mo | — | 4y 9moSep 2021 - now |
COVID crash2020 | -38.37%Mar 2020 | 2y 1mo | 3mo 29d | 2y 5moJan 2018 - Jul 2020 |
2016 correction2016 | -18.84%Jan 2016 | 8mo 4d | 7mo 20d | 1y 3moMay 2015 - Sep 2016 |
2012 correction2012 | -11.79%Jun 2012 | 1mo 4d | 3mo 4d | 4mo 8dMay 2012 - Sep 2012 |
2012 pullback2012 | -8.88%Jan 2012 | 2d | 28d | 1moJan 2012 - Feb 2012 |
Drawdown Indicators
| GPIOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.01% | -56.78% | +11.77% |
Max Drawdown (1Y)Largest decline over 1 year | -13.37% | -9.10% | -4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -22.28% | -18.90% | -3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -45.01% | -25.43% | -19.58% |
Max Drawdown (10Y)Largest decline over 10 years | -45.01% | -33.92% | -11.09% |
Current DrawdownCurrent decline from peak | -24.16% | -3.21% | -20.95% |
Average DrawdownAverage peak-to-trough decline | -13.95% | -10.71% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 2.04% | +2.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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