FUQIX vs. GQJPX

Last updated Aug 1, 2026

FUQIX (Fidelity SAI U.S. Quality Index Fund) and GQJPX (GQG Partners International Quality Dividend Income Fund) are both Quality Factor funds. Over the past 5 years, FUQIX returned 12.59%/yr vs 9.74%/yr for GQJPX. Their 0.49 correlation means their historical movements had little consistent relationship. FUQIX charges 0.10%/yr vs 0.91%/yr for GQJPX.

Performance

FUQIX vs. GQJPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI U.S. Quality Index Fund (FUQIX) and GQG Partners International Quality Dividend Income Fund (GQJPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUQIX achieves a 9.35% return, which is significantly lower than GQJPX's 10.84% return.

FUQIX

• 1D: 1.00%
• 1M: -0.15%
• 6M: 9.63%
• YTD: 9.35%
• 1Y: 18.96%
• 3Y*: 18.99%
• 5Y*: 12.59%
• 10Y*: 15.88%
• ALL TIME*: 15.48%

GQJPX

• 1D: 1.02%
• 1M: 5.30%
• 6M: 5.01%
• YTD: 10.84%
• 1Y: 20.48%
• 3Y*: 16.39%
• 5Y*: 9.74%
• 10Y*: —
• ALL TIME*: 9.51%

*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)
FUQIX Fidelity SAI U.S. Quality Index Fund	$0.00	$0.00	$0.00
GQJPX GQG Partners International Quality Dividend Income Fund	$0.00	$0.00	$0.00

FUQIX vs. GQJPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FUQIX Fidelity SAI U.S. Quality Index Fund	9.35%	16.76%	24.32%	29.63%	-18.09%	12.12%
GQJPX GQG Partners International Quality Dividend Income Fund	10.84%	24.88%	7.39%	18.06%	-10.50%	1.05%

Correlation

The correlation between FUQIX and GQJPX is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (3Y) Balances recent behavior with more history.	0.46
Correlation (5Y) Shows whether the relationship held over a longer period.	0.49
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.49

The correlation between FUQIX and GQJPX shifts across timeframes, from 0.32 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FUQIX vs. GQJPX — Risk / Return Rank

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

FUQIX

FUQIX Risk / Return Rank: 42
FUQIX Sharpe Ratio Rank: 48
FUQIX Sortino Ratio Rank: 47
FUQIX Omega Ratio Rank: 43
FUQIX Calmar Ratio Rank: 33
FUQIX Martin Ratio Rank: 38

GQJPX

GQJPX Risk / Return Rank: 71
GQJPX Sharpe Ratio Rank: 82
GQJPX Sortino Ratio Rank: 78
GQJPX Omega Ratio Rank: 78
GQJPX Calmar Ratio Rank: 74
GQJPX Martin Ratio Rank: 41

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.

FUQIX vs. GQJPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Quality Index Fund (FUQIX) and GQG Partners International Quality Dividend Income Fund (GQJPX). 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.

	FUQIX	GQJPX	Difference
Sharpe ratio: Return per unit of total volatility	1.30	1.93	-0.63
Sortino ratio: Return per unit of downside risk	1.86	2.67	-0.81
Omega ratio: Gain probability vs. loss probability	1.23	1.35	-0.12
Calmar ratio: Return relative to maximum drawdown	1.40	2.38	-0.97
Martin ratio: Return relative to average drawdown	5.58	5.91	-0.32

FUQIX vs. GQJPX - Sharpe Ratio Comparison

The current FUQIX Sharpe Ratio is 1.30, which is lower than the GQJPX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of FUQIX and GQJPX, 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

FUQIX vs. GQJPX - Drawdown Comparison

The maximum FUQIX drawdown since its inception was -31.19%, which is greater than GQJPX's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for FUQIX and GQJPX.

Drawdown Indicators

	FUQIX	GQJPX	Difference
Max Drawdown Largest peak-to-trough decline	-31.19%	-21.83%	-9.36%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-8.56%	-3.75%
Max Drawdown (3Y) Largest decline over 3 years	-17.86%	-9.45%	-8.41%
Max Drawdown (5Y) Largest decline over 5 years	-24.96%	-21.83%	-3.13%
Max Drawdown (10Y) Largest decline over 10 years	-31.19%	—	—
Current Drawdown Current decline from peak	-1.10%	-1.06%	-0.04%
Average Drawdown Average peak-to-trough decline	-4.21%	-5.51%	+1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	3.43%	-0.35%

Volatility

FUQIX vs. GQJPX - Volatility Comparison

Fidelity SAI U.S. Quality Index Fund (FUQIX) and GQG Partners International Quality Dividend Income Fund (GQJPX) have volatilities of 2.99% and 3.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUQIX	GQJPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	3.06%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	10.44%	8.65%	+1.79%
Volatility (1Y) Calculated over the trailing 1-year period	13.29%	10.54%	+2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.19%	12.84%	+4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.25%	12.90%	+5.35%

FUQIX vs. GQJPX - Expense Ratio Comparison

FUQIX has a 0.10% expense ratio, which is lower than GQJPX's 0.91% expense ratio.

Dividends

FUQIX vs. GQJPX - Dividend Comparison

FUQIX's dividend yield for the trailing twelve months is around 3.32%, less than GQJPX's 3.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FUQIX Fidelity SAI U.S. Quality Index Fund	3.32%	3.63%	12.80%	2.38%	1.42%	8.55%	9.46%	13.68%	2.41%	3.79%	1.57%	0.29%
GQJPX GQG Partners International Quality Dividend Income Fund	3.79%	3.22%	3.35%	4.50%	5.59%	1.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FUQIX and GQJPX in my portfolio?

FUQIX and GQJPX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FUQIX or GQJPX?

GQJPX has higher volatility (3.06%) compared to FUQIX (2.99%). In terms of maximum drawdown, FUQIX dropped -31.19% vs GQJPX's -21.83%.

Which has better risk-adjusted returns?

GQJPX currently has the higher Sharpe Ratio (1.93 vs 1.30), 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.