GISOX vs. GPGOX
GISOX (Grandeur Peak International Stalwarts Fund) and GPGOX (Grandeur Peak Global Opportunities Fund) are both mutual funds - GISOX is a Foreign Small & Mid Cap Equities fund managed by Grandeur Peak Funds, while GPGOX is a Global Equities fund managed by Grandeur Peak Funds. Over the past 10 years, GISOX returned 6.76%/yr vs 7.79%/yr for GPGOX. Their correlation of 0.93 means they have usually moved in the same direction. GISOX charges 1.15%/yr vs 1.54%/yr for GPGOX.
Performance
GISOX vs. GPGOX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GISOX having a 10.86% return and GPGOX slightly lower at 10.79%. Over the past 10 years, GISOX has underperformed GPGOX with an annualized return of 6.76%, while GPGOX has yielded a comparatively higher 7.79% annualized return.
GISOX
- 1D
- 3.83%
- 1M
- -5.98%
- 6M
- 8.45%
- YTD
- 10.86%
- 1Y
- 9.01%
- 3Y*
- 5.61%
- 5Y*
- -4.06%
- 10Y*
- 6.76%
- ALL TIME*
- 7.45%
GPGOX
- 1D
- 2.15%
- 1M
- -1.81%
- 6M
- 8.26%
- YTD
- 10.79%
- 1Y
- 12.83%
- 3Y*
- 4.50%
- 5Y*
- -3.32%
- 10Y*
- 7.79%
- ALL TIME*
- 9.80%
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 |
GISOX vs. GPGOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GISOX Grandeur Peak International Stalwarts Fund | 10.86% | 9.82% | -10.00% | 14.58% | -37.61% | 24.41% | 38.16% | 31.57% | -17.66% | 36.78% |
GPGOX Grandeur Peak Global Opportunities Fund | 10.79% | 8.59% | -10.10% | 16.25% | -33.55% | 21.59% | 44.61% | 31.15% | -17.95% | 32.53% |
Correlation
The correlation between GISOX and GPGOX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.93 |
The correlation between GISOX and GPGOX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
GISOX vs. GPGOX — Risk / Return Rank
GISOX
GPGOX
GISOX vs. GPGOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grandeur Peak International Stalwarts Fund (GISOX) and Grandeur Peak Global Opportunities Fund (GPGOX). 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.
| GISOX | GPGOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.14 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 0.87 | -0.22 |
| Martin ratioReturn relative to average drawdown | 1.93 | 2.67 | -0.74 |
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Drawdowns
GISOX vs. GPGOX - Drawdown Comparison
The maximum GISOX drawdown since its inception was -47.98%, which is greater than GPGOX's maximum drawdown of -43.46%. Use the drawdown chart below to compare losses from any high point for GISOX and GPGOX.
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Drawdown Indicators
| GISOX | GPGOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.98% | -43.46% | -4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -13.06% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -22.45% | -24.05% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -47.98% | -43.46% | -4.52% |
Max Drawdown (10Y)Largest decline over 10 years | -47.98% | -43.46% | -4.52% |
Current DrawdownCurrent decline from peak | -24.75% | -19.49% | -5.26% |
Average DrawdownAverage peak-to-trough decline | -17.54% | -12.44% | -5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 4.23% | +0.27% |
Volatility
GISOX vs. GPGOX - Volatility Comparison
Grandeur Peak International Stalwarts Fund (GISOX) has a higher volatility of 7.21% compared to Grandeur Peak Global Opportunities Fund (GPGOX) at 4.69%. This indicates that GISOX's price experiences larger fluctuations and is considered to be riskier than GPGOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GISOX | GPGOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 4.69% | +2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 17.37% | 13.71% | +3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.71% | 16.26% | +3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 17.46% | +3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 16.98% | +1.97% |
GISOX vs. GPGOX - Expense Ratio Comparison
GISOX has a 1.15% expense ratio, which is lower than GPGOX's 1.54% expense ratio.
Dividends
GISOX vs. GPGOX - Dividend Comparison
GISOX's dividend yield for the trailing twelve months is around 0.45%, less than GPGOX's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GISOX Grandeur Peak International Stalwarts Fund | 0.45% | 0.50% | 0.45% | 0.54% | 0.10% | 8.61% | 0.21% | 0.14% | 2.76% | 1.38% | 0.29% | 0.00% |
GPGOX Grandeur Peak Global Opportunities Fund | 4.58% | 5.08% | 1.54% | 0.43% | 1.70% | 19.69% | 7.51% | 5.55% | 11.23% | 5.50% | 0.12% | 8.28% |
Frequently Asked Questions
With a correlation of 0.90, GISOX and GPGOX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GISOX has higher volatility (7.21%) compared to GPGOX (4.69%). In terms of maximum drawdown, GISOX dropped -47.98% vs GPGOX's -43.46%.
GPGOX currently has the higher Sharpe Ratio (0.70 vs 0.44), 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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