FICEX vs. GQEPX
FICEX (Frost Growth Equity Fund) and GQEPX (GQG Partners US Select Quality Equity Fund Investor Shares) are both mutual funds - FICEX is a Large Cap Growth Equities fund managed by Frost, while GQEPX is a Quality Factor fund managed by GQG Partners. Over the past 5 years, FICEX returned 9.81%/yr vs 9.07%/yr for GQEPX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. FICEX charges 0.63%/yr vs 0.59%/yr for GQEPX.
Performance
FICEX vs. GQEPX - Performance Comparison
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Returns By Period
In the year-to-date period, FICEX achieves a 0.75% return, which is significantly lower than GQEPX's 5.74% return.
FICEX
- 1D
- 2.22%
- 1M
- -1.27%
- 6M
- 2.58%
- YTD
- 0.75%
- 1Y
- 7.68%
- 3Y*
- 17.86%
- 5Y*
- 9.81%
- 10Y*
- 16.15%
- ALL TIME*
- 8.62%
GQEPX
- 1D
- 0.28%
- 1M
- 0.33%
- 6M
- 1.93%
- YTD
- 5.74%
- 1Y
- 6.22%
- 3Y*
- 11.35%
- 5Y*
- 9.07%
- 10Y*
- —
- ALL TIME*
- 12.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FICEX vs. GQEPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FICEX Frost Growth Equity Fund | 0.75% | 15.00% | 30.28% | 45.24% | -31.98% | 25.23% | 32.72% | 33.54% | -14.82% |
GQEPX GQG Partners US Select Quality Equity Fund Investor Shares | 5.74% | -4.52% | 28.99% | 17.39% | -2.81% | 19.90% | 23.65% | 27.21% | -7.67% |
Correlation
The correlation between FICEX and GQEPX is -0.26, 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. | -0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018 | 0.71 |
The correlation between FICEX and GQEPX shifts across timeframes, from -0.26 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FICEX vs. GQEPX — Risk / Return Rank
FICEX
GQEPX
FICEX vs. GQEPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frost Growth Equity Fund (FICEX) and GQG Partners US Select Quality Equity Fund Investor Shares (GQEPX). 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.
| FICEX | GQEPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.10 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 0.71 | -0.40 |
| Martin ratioReturn relative to average drawdown | 0.93 | 1.61 | -0.68 |
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Drawdowns
FICEX vs. GQEPX - Drawdown Comparison
The maximum FICEX drawdown since its inception was -50.03%, which is greater than GQEPX's maximum drawdown of -28.45%. Use the drawdown chart below to compare losses from any high point for FICEX and GQEPX.
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Drawdown Indicators
| FICEX | GQEPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.03% | -28.45% | -21.58% |
Max Drawdown (1Y)Largest decline over 1 year | -18.43% | -8.48% | -9.95% |
Max Drawdown (3Y)Largest decline over 3 years | -32.32% | -18.97% | -13.35% |
Max Drawdown (5Y)Largest decline over 5 years | -35.13% | -20.49% | -14.64% |
Max Drawdown (10Y)Largest decline over 10 years | -35.13% | — | — |
Current DrawdownCurrent decline from peak | -5.64% | -9.74% | +4.10% |
Average DrawdownAverage peak-to-trough decline | -11.17% | -5.90% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 3.74% | +2.48% |
Volatility
FICEX vs. GQEPX - Volatility Comparison
Frost Growth Equity Fund (FICEX) has a higher volatility of 4.65% compared to GQG Partners US Select Quality Equity Fund Investor Shares (GQEPX) at 2.69%. This indicates that FICEX's price experiences larger fluctuations and is considered to be riskier than GQEPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FICEX | GQEPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 2.69% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 8.34% | +4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 10.57% | +5.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.48% | 15.89% | +9.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.10% | 18.62% | +4.48% |
FICEX vs. GQEPX - Expense Ratio Comparison
FICEX has a 0.63% expense ratio, which is higher than GQEPX's 0.59% expense ratio.
Dividends
FICEX vs. GQEPX - Dividend Comparison
FICEX's dividend yield for the trailing twelve months is around 21.78%, more than GQEPX's 6.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FICEX Frost Growth Equity Fund | 21.78% | 21.94% | 22.19% | 16.16% | 12.25% | 12.50% | 3.59% | 10.57% | 16.11% | 28.09% | 10.86% | 12.51% |
GQEPX GQG Partners US Select Quality Equity Fund Investor Shares | 6.60% | 6.98% | 5.30% | 0.44% | 4.46% | 1.49% | 0.61% | 0.63% | 0.09% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FICEX and GQEPX have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FICEX has higher volatility (4.65%) compared to GQEPX (2.69%). In terms of maximum drawdown, FICEX dropped -50.03% vs GQEPX's -28.45%.
GQEPX currently has the higher Sharpe Ratio (0.57 vs 0.36), 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.
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