GGSOX vs. GPIOX
GGSOX (Grandeur Peak Global Stalwarts Fund) and GPIOX (Grandeur Peak International Opportunities Fund) are both mutual funds - GGSOX is a Global Equities fund managed by Grandeur Peak Funds, while GPIOX is a Foreign Small & Mid Cap Equities fund managed by Grandeur Peak Funds. Over the past 10 years, GGSOX returned 6.40%/yr vs 5.31%/yr for GPIOX. Their correlation of 0.86 means they have usually moved in the same direction. GGSOX charges 1.21%/yr vs 1.55%/yr for GPIOX.
Performance
GGSOX vs. GPIOX - Performance Comparison
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Returns By Period
In the year-to-date period, GGSOX achieves a 7.43% return, which is significantly higher than GPIOX's 5.78% return. Over the past 10 years, GGSOX has outperformed GPIOX with an annualized return of 6.40%, while GPIOX has yielded a comparatively lower 5.31% annualized return.
GGSOX
- 1D
- 3.64%
- 1M
- -5.29%
- 6M
- 3.64%
- YTD
- 7.43%
- 1Y
- 5.02%
- 3Y*
- 4.05%
- 5Y*
- -5.42%
- 10Y*
- 6.40%
- ALL TIME*
- 7.03%
GPIOX
- 1D
- 2.65%
- 1M
- -3.60%
- 6M
- 3.57%
- YTD
- 5.78%
- 1Y
- 6.06%
- 3Y*
- 3.07%
- 5Y*
- -4.93%
- 10Y*
- 5.31%
- ALL TIME*
- 8.03%
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 |
GGSOX vs. GPIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGSOX Grandeur Peak Global Stalwarts Fund | 7.43% | 2.60% | -4.60% | 16.89% | -39.55% | 20.91% | 40.70% | 32.07% | -15.13% | 31.39% |
GPIOX Grandeur Peak International Opportunities Fund | 5.78% | 11.78% | -11.63% | 11.37% | -34.48% | 18.43% | 36.89% | 28.23% | -21.77% | 38.69% |
Correlation
The correlation between GGSOX and GPIOX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.86 |
The correlation between GGSOX and GPIOX has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
GGSOX vs. GPIOX — Risk / Return Rank
GGSOX
GPIOX
GGSOX vs. GPIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grandeur Peak Global Stalwarts Fund (GGSOX) and Grandeur Peak International Opportunities Fund (GPIOX). 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.
| GGSOX | GPIOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.07 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 0.43 | -0.12 |
| Martin ratioReturn relative to average drawdown | 0.77 | 1.28 | -0.51 |
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Drawdowns
GGSOX vs. GPIOX - Drawdown Comparison
The maximum GGSOX drawdown since its inception was -48.71%, which is greater than GPIOX's maximum drawdown of -45.01%. Use the drawdown chart below to compare losses from any high point for GGSOX and GPIOX.
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Drawdown Indicators
| GGSOX | GPIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -45.01% | -3.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -13.37% | +1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -22.28% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -48.71% | -45.01% | -3.70% |
Max Drawdown (10Y)Largest decline over 10 years | -48.71% | -45.01% | -3.70% |
Current DrawdownCurrent decline from peak | -30.04% | -26.28% | -3.76% |
Average DrawdownAverage peak-to-trough decline | -17.72% | -14.04% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 4.50% | +0.09% |
Volatility
GGSOX vs. GPIOX - Volatility Comparison
Grandeur Peak Global Stalwarts Fund (GGSOX) has a higher volatility of 6.70% compared to Grandeur Peak International Opportunities Fund (GPIOX) at 5.25%. This indicates that GGSOX's price experiences larger fluctuations and is considered to be riskier than GPIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGSOX | GPIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 5.25% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 16.53% | 14.74% | +1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.13% | 16.98% | +2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 17.19% | +4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.90% | 16.35% | +3.55% |
GGSOX vs. GPIOX - Expense Ratio Comparison
GGSOX has a 1.21% expense ratio, which is lower than GPIOX's 1.55% expense ratio.
Dividends
GGSOX vs. GPIOX - Dividend Comparison
GGSOX has not paid dividends to shareholders, while GPIOX's dividend yield for the trailing twelve months is around 3.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGSOX Grandeur Peak Global Stalwarts Fund | 0.00% | 0.00% | 0.00% | 0.11% | 0.00% | 10.61% | 3.19% | 1.62% | 3.30% | 1.63% | 0.08% | 0.00% |
GPIOX Grandeur Peak International Opportunities Fund | 3.36% | 3.55% | 2.26% | 0.62% | 0.03% | 13.37% | 3.40% | 3.50% | 13.44% | 3.45% | 2.26% | 4.56% |
Frequently Asked Questions
GGSOX and GPIOX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGSOX has higher volatility (6.70%) compared to GPIOX (5.25%). In terms of maximum drawdown, GGSOX dropped -48.71% vs GPIOX's -45.01%.
GPIOX currently has the higher Sharpe Ratio (0.34 vs 0.18), 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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