GMGEX vs. GQFPX
GMGEX (GMO Global Equity Allocation Fund) and GQFPX (GQG Partners Global Quality Dividend Income Fund) are both mutual funds - GMGEX is a Global Equities fund managed by GMO, while GQFPX is a Quality Factor fund managed by GQG Partners. Over the past 5 years, GMGEX returned 10.66%/yr vs 10.72%/yr for GQFPX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. GMGEX charges 0.01%/yr vs 0.86%/yr for GQFPX.
Performance
GMGEX vs. GQFPX - Performance Comparison
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Returns By Period
In the year-to-date period, GMGEX achieves a 19.52% return, which is significantly higher than GQFPX's 11.60% return.
GMGEX
- 1D
- 1.87%
- 1M
- 1.85%
- 6M
- 12.88%
- YTD
- 19.52%
- 1Y
- 37.44%
- 3Y*
- 18.95%
- 5Y*
- 10.66%
- 10Y*
- 11.15%
- ALL TIME*
- 4.09%
GQFPX
- 1D
- -0.07%
- 1M
- 3.13%
- 6M
- 4.87%
- YTD
- 11.60%
- 1Y
- 18.02%
- 3Y*
- 13.78%
- 5Y*
- 10.72%
- 10Y*
- —
- ALL TIME*
- 10.59%
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 |
GMGEX vs. GQFPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GMGEX GMO Global Equity Allocation Fund | 19.52% | 29.14% | 4.12% | 22.27% | -17.07% | 0.63% |
GQFPX GQG Partners Global Quality Dividend Income Fund | 11.60% | 19.29% | 4.81% | 15.09% | -1.13% | 5.03% |
Correlation
The correlation between GMGEX and GQFPX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.69 |
Over the past year, the correlation between GMGEX and GQFPX has dropped to 0.25 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
GMGEX vs. GQFPX — Risk / Return Rank
GMGEX
GQFPX
GMGEX vs. GQFPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Global Equity Allocation Fund (GMGEX) and GQG Partners Global Quality Dividend Income Fund (GQFPX). 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.
| GMGEX | GQFPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.30 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 2.80 | +1.07 |
| Martin ratioReturn relative to average drawdown | 14.86 | 7.14 | +7.72 |
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Drawdowns
GMGEX vs. GQFPX - Drawdown Comparison
The maximum GMGEX drawdown since its inception was -58.47%, which is greater than GQFPX's maximum drawdown of -16.95%. Use the drawdown chart below to compare losses from any high point for GMGEX and GQFPX.
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Drawdown Indicators
| GMGEX | GQFPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.47% | -16.95% | -41.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | -6.28% | -2.96% |
Max Drawdown (3Y)Largest decline over 3 years | -17.12% | -10.57% | -6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -28.58% | -16.95% | -11.63% |
Max Drawdown (10Y)Largest decline over 10 years | -34.98% | — | — |
Current DrawdownCurrent decline from peak | -0.28% | -1.46% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -16.67% | -3.03% | -13.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.45% | -0.04% |
Volatility
GMGEX vs. GQFPX - Volatility Comparison
GMO Global Equity Allocation Fund (GMGEX) has a higher volatility of 3.63% compared to GQG Partners Global Quality Dividend Income Fund (GQFPX) at 3.28%. This indicates that GMGEX's price experiences larger fluctuations and is considered to be riskier than GQFPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMGEX | GQFPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 3.28% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 8.32% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.46% | 10.18% | +3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 12.78% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.97% | 12.81% | +3.16% |
GMGEX vs. GQFPX - Expense Ratio Comparison
GMGEX has a 0.01% expense ratio, which is lower than GQFPX's 0.86% expense ratio.
Dividends
GMGEX vs. GQFPX - Dividend Comparison
GMGEX's dividend yield for the trailing twelve months is around 3.95%, less than GQFPX's 5.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMGEX GMO Global Equity Allocation Fund | 3.95% | 4.69% | 0.29% | 5.62% | 7.81% | 7.76% | 3.83% | 3.14% | 3.14% | 2.90% | 3.71% | 4.20% |
GQFPX GQG Partners Global Quality Dividend Income Fund | 5.52% | 5.32% | 3.71% | 3.69% | 5.18% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GMGEX and GQFPX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMGEX has higher volatility (3.63%) compared to GQFPX (3.28%). In terms of maximum drawdown, GMGEX dropped -58.47% vs GQFPX's -16.95%.
GMGEX currently has the higher Sharpe Ratio (2.66 vs 1.73), 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.
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