GPGCX vs. GPROX
GPGCX (Grandeur Peak Global Contrarian Fund) and GPROX (Grandeur Peak Global Reach Fund) are both Global Equities funds from Grandeur Peak Funds. Over the past 5 years, GPGCX returned 10.35%/yr vs -1.61%/yr for GPROX. Their correlation of 0.87 means they have usually moved in the same direction. GPGCX charges 1.35%/yr vs 1.49%/yr for GPROX.
Performance
GPGCX vs. GPROX - Performance Comparison
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Returns By Period
In the year-to-date period, GPGCX achieves a 12.31% return, which is significantly higher than GPROX's 5.01% return.
GPGCX
- 1D
- 1.63%
- 1M
- 2.47%
- 6M
- 7.29%
- YTD
- 12.31%
- 1Y
- 22.40%
- 3Y*
- 17.67%
- 5Y*
- 10.35%
- 10Y*
- —
- ALL TIME*
- 15.18%
GPROX
- 1D
- 1.90%
- 1M
- -3.02%
- 6M
- 2.55%
- YTD
- 5.01%
- 1Y
- 7.53%
- 3Y*
- 7.99%
- 5Y*
- -1.61%
- 10Y*
- 8.34%
- ALL TIME*
- 7.67%
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 |
GPGCX vs. GPROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GPGCX Grandeur Peak Global Contrarian Fund | 12.31% | 20.03% | 14.97% | 21.28% | -14.60% | 20.00% | 24.99% | 9.60% |
GPROX Grandeur Peak Global Reach Fund | 5.01% | 8.87% | 5.51% | 14.86% | -34.54% | 19.78% | 41.16% | 10.32% |
Correlation
The correlation between GPGCX and GPROX is 0.89, 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. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2019 | 0.87 |
The correlation between GPGCX and GPROX has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.
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Return for Risk
GPGCX vs. GPROX — Risk / Return Rank
GPGCX
GPROX
GPGCX vs. GPROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grandeur Peak Global Contrarian Fund (GPGCX) and Grandeur Peak Global Reach Fund (GPROX). 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.
| GPGCX | GPROX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.08 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 0.51 | +1.11 |
| Martin ratioReturn relative to average drawdown | 5.52 | 1.68 | +3.84 |
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Drawdowns
GPGCX vs. GPROX - Drawdown Comparison
The maximum GPGCX drawdown since its inception was -37.17%, smaller than the maximum GPROX drawdown of -43.86%. Use the drawdown chart below to compare losses from any high point for GPGCX and GPROX.
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Drawdown Indicators
| GPGCX | GPROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.17% | -43.86% | +6.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -12.29% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -17.51% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -25.70% | -43.86% | +18.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.86% | — |
Current DrawdownCurrent decline from peak | 0.00% | -13.61% | +13.61% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -12.98% | +6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 3.74% | +0.13% |
Volatility
GPGCX vs. GPROX - Volatility Comparison
The current volatility for Grandeur Peak Global Contrarian Fund (GPGCX) is 4.13%, while Grandeur Peak Global Reach Fund (GPROX) has a volatility of 4.49%. This indicates that GPGCX experiences smaller price fluctuations and is considered to be less risky than GPROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPGCX | GPROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 4.49% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 12.78% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.51% | 14.99% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 18.06% | -3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 17.04% | -0.92% |
GPGCX vs. GPROX - Expense Ratio Comparison
GPGCX has a 1.35% expense ratio, which is lower than GPROX's 1.49% expense ratio.
Dividends
GPGCX vs. GPROX - Dividend Comparison
GPGCX's dividend yield for the trailing twelve months is around 13.94%, less than GPROX's 18.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPGCX Grandeur Peak Global Contrarian Fund | 13.94% | 15.65% | 7.19% | 1.92% | 2.98% | 5.88% | 1.70% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% |
GPROX Grandeur Peak Global Reach Fund | 18.75% | 19.69% | 12.03% | 0.14% | 0.00% | 15.32% | 8.09% | 2.58% | 11.25% | 1.49% | 0.13% | 3.75% |
Frequently Asked Questions
GPGCX and GPROX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GPROX has higher volatility (4.49%) compared to GPGCX (4.13%). In terms of maximum drawdown, GPGCX dropped -37.17% vs GPROX's -43.86%.
GPGCX currently has the higher Sharpe Ratio (1.48 vs 0.42), 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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