FQITX vs. GQRIX
FQITX (Fidelity SAI International Quality Index Fund) and GQRIX (GQG Partners Global Quality Equity Fund Institutional Shares) are both Quality Factor funds. Over the past 5 years, FQITX returned 5.75%/yr vs 9.20%/yr for GQRIX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. FQITX charges 0.19%/yr vs 0.75%/yr for GQRIX.
Performance
FQITX vs. GQRIX - Performance Comparison
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Returns By Period
In the year-to-date period, FQITX achieves a 11.52% return, which is significantly higher than GQRIX's 7.29% return.
FQITX
- 1D
- 1.75%
- 1M
- 1.55%
- 6M
- 7.03%
- YTD
- 11.52%
- 1Y
- 20.59%
- 3Y*
- 11.05%
- 5Y*
- 5.75%
- 10Y*
- —
- ALL TIME*
- 11.00%
GQRIX
- 1D
- 0.43%
- 1M
- 0.43%
- 6M
- 3.55%
- YTD
- 7.29%
- 1Y
- 9.44%
- 3Y*
- 11.84%
- 5Y*
- 9.20%
- 10Y*
- —
- ALL TIME*
- 11.87%
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 |
FQITX vs. GQRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FQITX Fidelity SAI International Quality Index Fund | 11.52% | 17.04% | 1.04% | 18.44% | -17.12% | 14.00% | 29.60% |
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares | 7.29% | 0.91% | 20.18% | 19.79% | -3.64% | 17.13% | 17.36% |
Correlation
The correlation between FQITX and GQRIX 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. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 12, 2020 | 0.61 |
Over the past year, the correlation between FQITX and GQRIX has dropped to 0.08 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
FQITX vs. GQRIX — Risk / Return Rank
FQITX
GQRIX
FQITX vs. GQRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI International Quality Index Fund (FQITX) and GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX). 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.
| FQITX | GQRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.29 | +0.19 |
| Martin ratioReturn relative to average drawdown | 5.34 | 2.93 | +2.41 |
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Drawdowns
FQITX vs. GQRIX - Drawdown Comparison
The maximum FQITX drawdown since its inception was -31.39%, which is greater than GQRIX's maximum drawdown of -28.86%. Use the drawdown chart below to compare losses from any high point for FQITX and GQRIX.
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Drawdown Indicators
| FQITX | GQRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.39% | -28.86% | -2.53% |
Max Drawdown (1Y)Largest decline over 1 year | -12.89% | -7.00% | -5.89% |
Max Drawdown (3Y)Largest decline over 3 years | -15.68% | -16.47% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -31.39% | -20.29% | -11.10% |
Current DrawdownCurrent decline from peak | 0.00% | -3.86% | +3.86% |
Average DrawdownAverage peak-to-trough decline | -6.70% | -4.89% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 3.07% | +0.49% |
Volatility
FQITX vs. GQRIX - Volatility Comparison
Fidelity SAI International Quality Index Fund (FQITX) has a higher volatility of 3.90% compared to GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) at 2.73%. This indicates that FQITX's price experiences larger fluctuations and is considered to be riskier than GQRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FQITX | GQRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 2.73% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 13.84% | 7.50% | +6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 9.45% | +7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 14.67% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 17.15% | -0.74% |
FQITX vs. GQRIX - Expense Ratio Comparison
FQITX has a 0.19% expense ratio, which is lower than GQRIX's 0.75% expense ratio.
Dividends
FQITX vs. GQRIX - Dividend Comparison
FQITX's dividend yield for the trailing twelve months is around 1.83%, less than GQRIX's 7.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FQITX Fidelity SAI International Quality Index Fund | 1.83% | 2.04% | 1.60% | 2.54% | 3.13% | 11.07% | 0.00% | 0.00% |
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares | 7.40% | 7.94% | 6.46% | 1.39% | 2.99% | 1.65% | 0.11% | 0.04% |
Frequently Asked Questions
FQITX and GQRIX 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.
FQITX has higher volatility (3.90%) compared to GQRIX (2.73%). In terms of maximum drawdown, FQITX dropped -31.39% vs GQRIX's -28.86%.
FQITX currently has the higher Sharpe Ratio (1.15 vs 0.95), 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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