BBHL vs. GQGU

Last updated Jun 4, 2026

BBHL (BBH Select Large Cap ETF) and GQGU (GQG US Equity ETF) are both Large Cap Growth Equities funds. BBHL is passively managed, while GQGU is actively managed. At a correlation of -0.12, they often move in opposite directions. BBHL charges 0.71%/yr vs 0.49%/yr for GQGU.

Performance

BBHL vs. GQGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BBH Select Large Cap ETF (BBHL) 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, BBHL achieves a 5.40% return, which is significantly lower than GQGU's 6.60% return.

BBHL

• 1D: -0.38%
• 1M: 3.91%
• YTD: 5.40%
• 6M: 5.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GQGU

• 1D: -1.06%
• 1M: -1.65%
• YTD: 6.60%
• 6M: 7.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBHL vs. GQGU - Yearly Performance Comparison

	2026 (YTD)	2025
BBHL BBH Select Large Cap ETF	5.40%	2.72%
GQGU GQG US Equity ETF	6.60%	0.04%

Correlation

The correlation between BBHL 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 Nov 18, 2025	-0.12

Return for Risk

BBHL vs. GQGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BBH Select Large Cap ETF (BBHL) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BBHL	GQGU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	0.60	+0.66

Drawdowns

BBHL vs. GQGU - Drawdown Comparison

The maximum BBHL drawdown since its inception was -11.99%, which is greater than GQGU's maximum drawdown of -6.65%. Use the drawdown chart below to compare losses from any high point for BBHL and GQGU.

Drawdown Indicators

	BBHL	GQGU	Difference
Max Drawdown Largest peak-to-trough decline	-11.99%	-6.65%	-5.34%
Current Drawdown Current decline from peak	-0.53%	-4.66%	+4.13%
Average Drawdown Average peak-to-trough decline	-3.01%	-2.54%	-0.47%

Volatility

Volatility by Period

	BBHL	GQGU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.70%	10.14%	+2.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.70%	10.14%	+2.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.70%	10.14%	+2.56%

BBHL vs. GQGU - Expense Ratio Comparison

BBHL has a 0.71% expense ratio, which is higher than GQGU's 0.49% expense ratio.

Dividends

BBHL vs. GQGU - Dividend Comparison

BBHL has not paid dividends to shareholders, while GQGU's dividend yield for the trailing twelve months is around 0.96%.

Position	TTM	2025
BBHL BBH Select Large Cap ETF	0.00%	0.00%
GQGU GQG US Equity ETF	0.96%	1.02%

Frequently Asked Questions

Can I hold both BBHL and GQGU in my portfolio?

BBHL 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 ETF is better, BBHL or GQGU?

On fees, GQGU is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBHL or GQGU?

GQGU is cheaper with a 0.49% expense ratio, compared with 0.71% for BBHL.

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

GQGU has the higher dividend yield at 0.96%, compared with 0.00% for BBHL.

What is the main difference between BBHL and GQGU?

They also come from different issuers: BBH and GQG Partners. Their fees differ too: 0.71% for BBHL and 0.49% for GQGU.