CWGIX vs. GQFPX

Last updated Aug 4, 2026

CWGIX (American Funds Capital World Growth and Income Fund Class A) and GQFPX (GQG Partners Global Quality Dividend Income Fund) are both mutual funds - CWGIX is a Global Equities fund managed by American Funds, while GQFPX is a Quality Factor fund managed by GQG Partners. Over the past 5 years, CWGIX returned 10.92%/yr vs 10.69%/yr for GQFPX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. CWGIX charges 0.75%/yr vs 0.86%/yr for GQFPX.

Performance

CWGIX vs. GQFPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Capital World Growth and Income Fund Class A (CWGIX) and GQG Partners Global Quality Dividend Income Fund (GQFPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CWGIX achieves a 14.04% return, which is significantly higher than GQFPX's 11.44% return.

CWGIX

• 1D: 0.90%
• 1M: -0.17%
• 6M: 8.04%
• YTD: 14.04%
• 1Y: 27.69%
• 3Y*: 19.10%
• 5Y*: 10.92%
• 10Y*: 11.67%
• ALL TIME*: 10.53%

GQFPX

• 1D: -0.15%
• 1M: 2.98%
• 6M: 5.11%
• YTD: 11.44%
• 1Y: 17.84%
• 3Y*: 14.02%
• 5Y*: 10.69%
• 10Y*: —
• ALL TIME*: 10.55%

*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)
CWGIX American Funds Capital World Growth and Income Fund Class A	$0.00	$0.00	$0.00
GQFPX GQG Partners Global Quality Dividend Income Fund	$0.00	$0.00	$0.00

CWGIX vs. GQFPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CWGIX American Funds Capital World Growth and Income Fund Class A	14.04%	24.68%	13.85%	20.55%	-17.32%	3.62%
GQFPX GQG Partners Global Quality Dividend Income Fund	11.44%	19.29%	4.81%	15.09%	-1.13%	5.03%

Correlation

The correlation between CWGIX and GQFPX is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.08
Correlation (3Y) Balances recent behavior with more history.	0.49
Correlation (5Y) Shows whether the relationship held over a longer period.	0.64
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.65

Over the past year, the correlation between CWGIX and GQFPX has dropped to 0.08 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

Return for Risk

CWGIX vs. GQFPX — Risk / Return Rank

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

CWGIX

CWGIX Risk / Return Rank: 72
CWGIX Sharpe Ratio Rank: 71
CWGIX Sortino Ratio Rank: 69
CWGIX Omega Ratio Rank: 68
CWGIX Calmar Ratio Rank: 74
CWGIX Martin Ratio Rank: 80

GQFPX

GQFPX Risk / Return Rank: 68
GQFPX Sharpe Ratio Rank: 73
GQFPX Sortino Ratio Rank: 72
GQFPX Omega Ratio Rank: 66
GQFPX Calmar Ratio Rank: 82
GQFPX Martin Ratio Rank: 49

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.

CWGIX vs. GQFPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Capital World Growth and Income Fund Class A (CWGIX) and GQG Partners Global Quality Dividend Income Fund (GQFPX). 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.

	CWGIX	GQFPX	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.78	-0.05
Sortino ratio: Return per unit of downside risk	2.42	2.55	-0.12
Omega ratio: Gain probability vs. loss probability	1.31	1.31	+0.01
Calmar ratio: Return relative to maximum drawdown	2.49	2.88	-0.39
Martin ratio: Return relative to average drawdown	10.12	7.34	+2.78

CWGIX vs. GQFPX - Sharpe Ratio Comparison

The current CWGIX Sharpe Ratio is 1.73, which is comparable to the GQFPX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of CWGIX and GQFPX, 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

CWGIX vs. GQFPX - Drawdown Comparison

The maximum CWGIX drawdown since its inception was -54.47%, which is greater than GQFPX's maximum drawdown of -16.95%. Use the drawdown chart below to compare losses from any high point for CWGIX and GQFPX.

Drawdown Indicators

	CWGIX	GQFPX	Difference
Max Drawdown Largest peak-to-trough decline	-54.47%	-16.95%	-37.52%
Max Drawdown (1Y) Largest decline over 1 year	-10.52%	-6.28%	-4.24%
Max Drawdown (3Y) Largest decline over 3 years	-15.56%	-10.57%	-4.99%
Max Drawdown (5Y) Largest decline over 5 years	-27.18%	-16.95%	-10.23%
Max Drawdown (10Y) Largest decline over 10 years	-32.00%	—	—
Current Drawdown Current decline from peak	-2.06%	-1.60%	-0.46%
Average Drawdown Average peak-to-trough decline	-7.11%	-3.03%	-4.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.46%	+0.12%

Volatility

CWGIX vs. GQFPX - Volatility Comparison

American Funds Capital World Growth and Income Fund Class A (CWGIX) has a higher volatility of 4.42% compared to GQG Partners Global Quality Dividend Income Fund (GQFPX) at 3.17%. This indicates that CWGIX's price experiences larger fluctuations and is considered to be riskier than GQFPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CWGIX	GQFPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	3.17%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	12.74%	8.32%	+4.42%
Volatility (1Y) Calculated over the trailing 1-year period	15.13%	10.18%	+4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	12.78%	+2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.02%	12.80%	+3.22%

CWGIX vs. GQFPX - Expense Ratio Comparison

CWGIX has a 0.75% expense ratio, which is lower than GQFPX's 0.86% expense ratio.

Dividends

CWGIX vs. GQFPX - Dividend Comparison

CWGIX's dividend yield for the trailing twelve months is around 9.31%, more than GQFPX's 5.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CWGIX American Funds Capital World Growth and Income Fund Class A	9.31%	10.54%	7.88%	3.20%	2.09%	6.82%	1.23%	2.44%	7.00%	6.63%	4.96%	3.78%
GQFPX GQG Partners Global Quality Dividend Income Fund	5.53%	5.32%	3.71%	3.69%	5.18%	1.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CWGIX and GQFPX in my portfolio?

CWGIX and GQFPX 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 is riskier, CWGIX or GQFPX?

CWGIX has higher volatility (4.42%) compared to GQFPX (3.17%). In terms of maximum drawdown, CWGIX dropped -54.47% vs GQFPX's -16.95%.

Which has better risk-adjusted returns?

GQFPX currently has the higher Sharpe Ratio (1.78 vs 1.73), 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.