GGEFX vs. QUERX
GGEFX (Summitry Equity Fund) and QUERX (AQR Large Cap Defensive Style Fund Class R6) are both Large Cap Blend Equities funds. Over the past 10 years, GGEFX returned 12.00%/yr vs 10.99%/yr for QUERX. Their correlation of 0.81 suggests significant overlap in exposure. GGEFX charges 1.25%/yr vs 0.31%/yr for QUERX.
Performance
GGEFX vs. QUERX - Performance Comparison
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Returns By Period
In the year-to-date period, GGEFX achieves a -1.23% return, which is significantly lower than QUERX's 5.74% return. Over the past 10 years, GGEFX has outperformed QUERX with an annualized return of 12.00%, while QUERX has yielded a comparatively lower 10.99% annualized return.
GGEFX
- 1D
- 1.04%
- 1M
- -0.73%
- YTD
- -1.23%
- 6M
- -1.23%
- 1Y
- 8.05%
- 3Y*
- 15.08%
- 5Y*
- 9.35%
- 10Y*
- 12.00%
QUERX
- 1D
- 0.43%
- 1M
- -0.27%
- YTD
- 5.74%
- 6M
- 4.79%
- 1Y
- 8.30%
- 3Y*
- 10.74%
- 5Y*
- 6.85%
- 10Y*
- 10.99%
GGEFX vs. QUERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGEFX Summitry Equity Fund | -1.23% | 11.26% | 25.39% | 30.93% | -20.46% | 25.28% | 15.38% | 29.92% | -7.63% | 12.55% |
QUERX AQR Large Cap Defensive Style Fund Class R6 | 5.74% | 6.98% | 13.98% | 9.55% | -13.73% | 23.56% | 13.20% | 28.82% | -0.21% | 22.22% |
Correlation
The correlation between GGEFX and QUERX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.81 |
The correlation between GGEFX and QUERX shifts across timeframes, from 0.64 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GGEFX vs. QUERX — Risk / Return Rank
GGEFX
QUERX
GGEFX vs. QUERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Summitry Equity Fund (GGEFX) and AQR Large Cap Defensive Style Fund Class R6 (QUERX). 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.
| GGEFX | QUERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.18 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 1.42 | -0.87 |
| Martin ratioReturn relative to average drawdown | 1.80 | 4.73 | -2.93 |
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Drawdowns
GGEFX vs. QUERX - Drawdown Comparison
The maximum GGEFX drawdown since its inception was -37.49%, which is greater than QUERX's maximum drawdown of -30.81%. Use the drawdown chart below to compare losses from any high point for GGEFX and QUERX.
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Drawdown Indicators
| GGEFX | QUERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.49% | -30.81% | -6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.97% | -5.93% | -8.04% |
Max Drawdown (3Y)Largest decline over 3 years | -20.03% | -10.21% | -9.82% |
Max Drawdown (5Y)Largest decline over 5 years | -27.12% | -22.04% | -5.08% |
Max Drawdown (10Y)Largest decline over 10 years | -37.49% | -30.81% | -6.68% |
Current DrawdownCurrent decline from peak | -5.52% | -1.33% | -4.19% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -3.91% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 1.77% | +2.50% |
Volatility
GGEFX vs. QUERX - Volatility Comparison
Summitry Equity Fund (GGEFX) has a higher volatility of 4.82% compared to AQR Large Cap Defensive Style Fund Class R6 (QUERX) at 3.41%. This indicates that GGEFX's price experiences larger fluctuations and is considered to be riskier than QUERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGEFX | QUERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 3.41% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.72% | 6.23% | +5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 8.37% | +6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 13.05% | +5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.52% | 15.24% | +4.28% |
GGEFX vs. QUERX - Expense Ratio Comparison
GGEFX has a 1.25% expense ratio, which is higher than QUERX's 0.31% expense ratio.
Dividends
GGEFX vs. QUERX - Dividend Comparison
GGEFX's dividend yield for the trailing twelve months is around 17.12%, less than QUERX's 21.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGEFX Summitry Equity Fund | 17.12% | 16.91% | 9.19% | 8.39% | 16.43% | 6.82% | 0.00% | 5.18% | 8.33% | 8.20% | 7.93% | 12.92% |
QUERX AQR Large Cap Defensive Style Fund Class R6 | 21.62% | 22.86% | 24.47% | 24.43% | 10.37% | 2.62% | 1.37% | 1.18% | 1.74% | 2.45% | 2.06% | 6.28% |
Frequently Asked Questions
GGEFX and QUERX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGEFX has higher volatility (4.82%) compared to QUERX (3.41%). In terms of maximum drawdown, GGEFX dropped -37.49% vs QUERX's -30.81%.
QUERX currently has the higher Sharpe Ratio (1.01 vs 0.52), 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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