ANEW vs. GQGU

Last updated Jun 3, 2026

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 -0.08, they often move in opposite directions. ANEW charges 0.45%/yr vs 0.49%/yr for GQGU.

Performance

ANEW vs. GQGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI Transformational Changes ETF (ANEW) and GQG US Equity ETF (GQGU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANEW achieves a 2.41% return, which is significantly lower than GQGU's 7.74% return.

ANEW

• 1D: -0.12%
• 1M: 5.53%
• YTD: 2.41%
• 6M: 1.60%
• 1Y: 6.93%
• 3Y*: 13.87%
• 5Y*: 4.17%
• 10Y*: —

GQGU

• 1D: -0.41%
• 1M: -0.30%
• YTD: 7.74%
• 6M: 7.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ANEW vs. GQGU - Yearly Performance Comparison

	2026 (YTD)	2025
ANEW ProShares MSCI Transformational Changes ETF	2.41%	0.85%
GQGU GQG US Equity ETF	7.74%	-1.14%

Correlation

The correlation between ANEW and GQGU is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	-0.08

Return for Risk

ANEW vs. GQGU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ANEW

ANEW Risk / Return Rank: 16
ANEW Sharpe Ratio Rank: 17
ANEW Sortino Ratio Rank: 17
ANEW Omega Ratio Rank: 17
ANEW Calmar Ratio Rank: 14
ANEW Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	ANEW	GQGU	Difference
Sharpe ratio Return per unit of total volatility	0.53	—	—
Sortino ratio Return per unit of downside risk	0.82	—	—
Omega ratio Gain probability vs. loss probability	1.10	—	—
Calmar ratio Return relative to maximum drawdown	0.47	—	—
Martin ratio Return relative to average drawdown	1.36	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ANEW	GQGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.53	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.73	-0.45

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 -6.65%. Use the drawdown chart below to compare losses from any high point for ANEW and GQGU.

Drawdown Indicators

	ANEW	GQGU	Difference
Max Drawdown Largest peak-to-trough decline	-39.87%	-6.65%	-33.22%
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 Drawdown Current decline from peak	-2.58%	-3.64%	+1.06%
Average Drawdown Average peak-to-trough decline	-13.38%	-2.53%	-10.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.62%	—	—

Volatility

Volatility by Period

	ANEW	GQGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.19%	10.10%	+3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.81%	10.10%	+8.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	10.10%	+8.70%

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 0.61%, less than GQGU's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ANEW ProShares MSCI Transformational Changes ETF	0.61%	0.54%	1.08%	0.87%	1.05%	0.24%	0.04%
GQGU GQG US Equity ETF	0.95%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ANEW and GQGU in my portfolio?

ANEW and GQGU have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ANEW or GQGU?

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.

Which ETF is cheaper, ANEW or GQGU?

ANEW is cheaper with a 0.45% expense ratio, compared with 0.49% for GQGU.

Which ETF pays a higher dividend yield, ANEW or GQGU?

GQGU has the higher dividend yield at 0.95%, compared with 0.61% for ANEW.

What is the main difference between ANEW and GQGU?

They also come from different issuers: ProShares and GQG Partners. Their fees differ too: 0.45% for ANEW and 0.49% for GQGU.