ANEW vs. GQGU

Last updated Aug 2, 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. Over the past year, ANEW returned 5.24% vs 7.17% for GQGU. Their -0.11 correlation means they have often moved in opposite directions in the past. 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 3.21% return, which is significantly lower than GQGU's 6.80% return.

ANEW

• 1D: -0.08%
• 1M: -0.92%
• 6M: 3.73%
• YTD: 3.21%
• 1Y: 5.24%
• 3Y*: 11.60%
• 5Y*: 3.19%
• 10Y*: —
• ALL TIME*: 5.25%

GQGU

• 1D: 0.85%
• 1M: 1.17%
• 6M: 2.86%
• YTD: 6.80%
• 1Y: 7.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.35%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ANEW ProShares MSCI Transformational Changes ETF	$6.31K	$6.60K	$7.92K
GQGU GQG US Equity ETF	$4.04M	$3.49M	$3.46M

ANEW vs. GQGU - Yearly Performance Comparison

	2026 (YTD)	2025
ANEW ProShares MSCI Transformational Changes ETF	3.21%	1.10%
GQGU GQG US Equity ETF	6.80%	-1.12%

Correlation

The correlation between ANEW and GQGU is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.12
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025	-0.11

Return for Risk

ANEW vs. GQGU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ANEW

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

GQGU

GQGU Risk / Return Rank: 26
GQGU Sharpe Ratio Rank: 28
GQGU Sortino Ratio Rank: 27
GQGU Omega Ratio Rank: 25
GQGU Calmar Ratio Rank: 26
GQGU Martin Ratio Rank: 25

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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 ratio: Return per unit of total volatility	0.26	0.66	-0.40
Sortino ratio: Return per unit of downside risk	0.45	1.02	-0.56
Omega ratio: Gain probability vs. loss probability	1.05	1.12	-0.06
Calmar ratio: Return relative to maximum drawdown	0.22	0.83	-0.61
Martin ratio: Return relative to average drawdown	0.62	1.92	-1.30

ANEW vs. GQGU - Sharpe Ratio Comparison

The current ANEW Sharpe Ratio is 0.26, which is lower than the GQGU Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of ANEW and GQGU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	ANEW	GQGU	Difference
Max Drawdown Largest peak-to-trough decline	-39.87%	-8.41%	-31.46%
Max Drawdown (1Y) Largest decline over 1 year	-16.12%	-8.41%	-7.71%
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	-1.82%	-4.47%	+2.65%
Average Drawdown Average peak-to-trough decline	-13.08%	-3.00%	-10.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.76%	3.64%	+2.12%

Volatility

ANEW vs. GQGU - Volatility Comparison

ProShares MSCI Transformational Changes ETF (ANEW) has a higher volatility of 3.29% compared to GQG US Equity ETF (GQGU) at 2.85%. This indicates that ANEW's price experiences larger fluctuations and is considered to be riskier than GQGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANEW	GQGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	2.85%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	10.72%	8.51%	+2.21%
Volatility (1Y) Calculated over the trailing 1-year period	13.82%	10.67%	+3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	10.58%	+8.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.69%	10.58%	+8.11%

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 0.53%, less than GQGU's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ANEW ProShares MSCI Transformational Changes ETF	0.53%	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 -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ANEW or GQGU?

ANEW has higher volatility (3.29%) compared to GQGU (2.85%). In terms of maximum drawdown, ANEW dropped -39.87% vs GQGU's -8.41%.

Which ETF is better, ANEW or GQGU?

On 1-year performance, GQGU leads with 7.17% vs 5.24% for ANEW. On fees, ANEW is cheaper at 0.45% per year. On volatility, GQGU has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ANEW or GQGU?

Over the 1-year period, GQGU has performed better with a 7.17% return vs 5.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 0.53% 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.

Which has better risk-adjusted returns?

GQGU currently has the higher Sharpe Ratio (0.66 vs 0.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.