GAAEX vs. GQRPX

Last updated Jun 5, 2026

GAAEX (Guinness Atkinson Alternative Energy Fund) and GQRPX (GQG Partners Global Quality Equity Fund) are both Global Equities funds. Over the past 5 years, GAAEX returned 3.98%/yr vs 9.27%/yr for GQRPX. A 0.57 correlation means they provide meaningful diversification when combined. GAAEX charges 1.98%/yr vs 0.97%/yr for GQRPX.

Performance

GAAEX vs. GQRPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guinness Atkinson Alternative Energy Fund (GAAEX) and GQG Partners Global Quality Equity Fund (GQRPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GAAEX achieves a 19.37% return, which is significantly higher than GQRPX's 6.39% return.

GAAEX

• 1D: -0.52%
• 1M: 5.57%
• YTD: 19.37%
• 6M: 18.26%
• 1Y: 41.34%
• 3Y*: 6.62%
• 5Y*: 3.98%
• 10Y*: 10.98%

GQRPX

• 1D: -1.12%
• 1M: -1.70%
• YTD: 6.39%
• 6M: 7.28%
• 1Y: 7.34%
• 3Y*: 13.57%
• 5Y*: 9.27%
• 10Y*: —

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

GAAEX vs. GQRPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GAAEX Guinness Atkinson Alternative Energy Fund	19.37%	26.64%	-11.85%	-2.39%	-12.67%	8.40%	86.45%	14.48%
GQRPX GQG Partners Global Quality Equity Fund	6.39%	0.67%	19.98%	19.56%	-3.77%	16.94%	14.55%	12.70%

Correlation

The correlation between GAAEX and GQRPX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Apr 1, 2019	0.57

Over the past year, the correlation between GAAEX and GQRPX has dropped to 0.09 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

Return for Risk

GAAEX vs. GQRPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GAAEX

GAAEX Risk / Return Rank: 54
GAAEX Sharpe Ratio Rank: 58
GAAEX Sortino Ratio Rank: 53
GAAEX Omega Ratio Rank: 48
GAAEX Calmar Ratio Rank: 61
GAAEX Martin Ratio Rank: 52

GQRPX

GQRPX Risk / Return Rank: 10
GQRPX Sharpe Ratio Rank: 9
GQRPX Sortino Ratio Rank: 9
GQRPX Omega Ratio Rank: 8
GQRPX Calmar Ratio Rank: 14
GQRPX Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GAAEX vs. GQRPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guinness Atkinson Alternative Energy Fund (GAAEX) and GQG Partners Global Quality Equity Fund (GQRPX). 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.

	GAAEX	GQRPX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	0.73	+1.48
Sortino ratio: Return per unit of downside risk	3.00	1.10	+1.90
Omega ratio: Gain probability vs. loss probability	1.37	1.13	+0.24
Calmar ratio: Return relative to maximum drawdown	2.94	1.23	+1.71
Martin ratio: Return relative to average drawdown	10.44	2.54	+7.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GAAEX vs. GQRPX - Sharpe Ratio Comparison

The current GAAEX Sharpe Ratio is 2.21, which is higher than the GQRPX Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of GAAEX and GQRPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GAAEX	GQRPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	0.73	+1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.63	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	0.69	-0.75

Drawdowns

GAAEX vs. GQRPX - Drawdown Comparison

The maximum GAAEX drawdown since its inception was -85.83%, which is greater than GQRPX's maximum drawdown of -28.88%. Use the drawdown chart below to compare losses from any high point for GAAEX and GQRPX.

Drawdown Indicators

	GAAEX	GQRPX	Difference
Max Drawdown Largest peak-to-trough decline	-85.83%	-28.88%	-56.95%
Max Drawdown (1Y) Largest decline over 1 year	-14.57%	-5.37%	-9.20%
Max Drawdown (3Y) Largest decline over 3 years	-35.21%	-16.49%	-18.72%
Max Drawdown (5Y) Largest decline over 5 years	-40.64%	-20.39%	-20.25%
Max Drawdown (10Y) Largest decline over 10 years	-40.64%	—	—
Current Drawdown Current decline from peak	-49.08%	-4.60%	-44.48%
Average Drawdown Average peak-to-trough decline	-63.64%	-4.96%	-58.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.10%	2.60%	+1.50%

Volatility

GAAEX vs. GQRPX - Volatility Comparison

Guinness Atkinson Alternative Energy Fund (GAAEX) has a higher volatility of 7.58% compared to GQG Partners Global Quality Equity Fund (GQRPX) at 2.90%. This indicates that GAAEX's price experiences larger fluctuations and is considered to be riskier than GQRPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GAAEX	GQRPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.58%	2.90%	+4.68%
Volatility (6M) Calculated over the trailing 6-month period	15.12%	6.97%	+8.15%
Volatility (1Y) Calculated over the trailing 1-year period	19.45%	9.09%	+10.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.46%	14.70%	+7.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.38%	17.27%	+5.11%

GAAEX vs. GQRPX - Expense Ratio Comparison

GAAEX has a 1.98% expense ratio, which is higher than GQRPX's 0.97% expense ratio.

Dividends

GAAEX vs. GQRPX - Dividend Comparison

GAAEX's dividend yield for the trailing twelve months is around 0.27%, less than GQRPX's 7.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GAAEX Guinness Atkinson Alternative Energy Fund	0.27%	0.33%	0.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%	0.28%
GQRPX GQG Partners Global Quality Equity Fund	7.14%	7.60%	6.35%	1.22%	2.93%	1.53%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GAAEX and GQRPX in my portfolio?

GAAEX and GQRPX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GAAEX or GQRPX?

GAAEX has higher volatility (7.58%) compared to GQRPX (2.90%). In terms of maximum drawdown, GAAEX dropped -85.83% vs GQRPX's -28.88%.

Which has better risk-adjusted returns?

GAAEX currently has the higher Sharpe Ratio (2.21 vs 0.73), 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.