ANEW vs. GQGU
ANEW (ProShares MSCI Transformational Changes ETF) and GQGU (GQG US Equity ETF) are both Large Cap Growth Equities funds. ANEW is passively managed, while GQGU is actively managed. At a correlation of -0.12, they often move in opposite directions. ANEW charges 0.45%/yr vs 0.49%/yr for GQGU.
Performance
ANEW vs. GQGU - Performance Comparison
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Returns By Period
In the year-to-date period, ANEW achieves a -0.60% return, which is significantly lower than GQGU's 4.84% return.
ANEW
- 1D
- -0.80%
- 1M
- -1.21%
- YTD
- -0.60%
- 6M
- -1.54%
- 1Y
- 3.24%
- 3Y*
- 12.26%
- 5Y*
- 2.56%
- 10Y*
- —
GQGU
- 1D
- 1.90%
- 1M
- -3.53%
- YTD
- 4.84%
- 6M
- 4.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ANEW vs. GQGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ANEW ProShares MSCI Transformational Changes ETF | -0.60% | 1.10% |
GQGU GQG US Equity ETF | 4.84% | -1.12% |
Correlation
The correlation between ANEW and GQGU is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | -0.12 |
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Return for Risk
ANEW vs. GQGU — Risk / Return Rank
ANEW
GQGU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ANEW vs. GQGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Transformational Changes ETF (ANEW) and GQG US Equity ETF (GQGU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ANEW | GQGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.05 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | — | — |
| Martin ratioReturn relative to average drawdown | 0.57 | — | — |
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Drawdowns
ANEW vs. GQGU - Drawdown Comparison
The maximum ANEW drawdown since its inception was -39.87%, which is greater than GQGU's maximum drawdown of -8.41%. Use the drawdown chart below to compare losses from any high point for ANEW and GQGU.
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Drawdown Indicators
| ANEW | GQGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -8.41% | -31.46% |
Max Drawdown (1Y)Largest decline over 1 year | -16.12% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | — | — |
Current DrawdownCurrent decline from peak | -5.45% | -6.23% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -13.28% | -2.71% | -10.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.71% | — | — |
Volatility
ANEW vs. GQGU - Volatility Comparison
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Volatility by Period
| ANEW | GQGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.69% | 10.54% | +3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.90% | 10.54% | +8.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 10.54% | +8.26% |
ANEW vs. GQGU - Expense Ratio Comparison
ANEW has a 0.45% expense ratio, which is lower than GQGU's 0.49% expense ratio.
Dividends
ANEW vs. GQGU - Dividend Comparison
ANEW's dividend yield for the trailing twelve months is around 0.63%, less than GQGU's 0.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ANEW ProShares MSCI Transformational Changes ETF | 0.63% | 0.54% | 1.08% | 0.87% | 1.05% | 0.24% | 0.04% |
GQGU GQG US Equity ETF | 0.97% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ANEW and GQGU have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ANEW is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ANEW is cheaper with a 0.45% expense ratio, compared with 0.49% for GQGU.
GQGU has the higher dividend yield at 0.97%, compared with 0.63% for ANEW.
They also come from different issuers: ProShares and GQG Partners. Their fees differ too: 0.45% for ANEW and 0.49% for GQGU.
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