GPGCX vs. OBEGX

Last updated Aug 5, 2026

GPGCX (Grandeur Peak Global Contrarian Fund) and OBEGX (Oberweis Global Opportunities Fund) are both Global Equities funds. Over the past 5 years, GPGCX returned 10.32%/yr vs 5.03%/yr for OBEGX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. GPGCX charges 1.35%/yr vs 1.51%/yr for OBEGX.

Performance

GPGCX vs. OBEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grandeur Peak Global Contrarian Fund (GPGCX) and Oberweis Global Opportunities Fund (OBEGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPGCX achieves a 13.27% return, which is significantly lower than OBEGX's 22.61% return.

GPGCX

• 1D: 1.02%
• 1M: 3.34%
• 6M: 8.45%
• YTD: 13.27%
• 1Y: 22.27%
• 3Y*: 18.41%
• 5Y*: 10.32%
• 10Y*: —
• ALL TIME*: 15.30%

OBEGX

• 1D: 2.50%
• 1M: -2.03%
• 6M: 21.04%
• YTD: 22.61%
• 1Y: 30.34%
• 3Y*: 17.37%
• 5Y*: 5.03%
• 10Y*: 11.07%
• ALL TIME*: 6.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GPGCX Grandeur Peak Global Contrarian Fund	$0.00	$0.00	$0.00
OBEGX Oberweis Global Opportunities Fund	$0.00	$0.00	$0.00

GPGCX vs. OBEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GPGCX Grandeur Peak Global Contrarian Fund	13.27%	20.03%	14.97%	21.28%	-14.60%	20.00%	24.99%	9.60%
OBEGX Oberweis Global Opportunities Fund	22.61%	19.32%	10.72%	6.40%	-26.76%	20.80%	55.68%	8.01%

Correlation

The correlation between GPGCX and OBEGX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.55
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (All Time) Calculated using the full available price history since Sep 17, 2019	0.66

The correlation between GPGCX and OBEGX shifts across timeframes, from 0.55 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GPGCX vs. OBEGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GPGCX

GPGCX Risk / Return Rank: 48
GPGCX Sharpe Ratio Rank: 56
GPGCX Sortino Ratio Rank: 59
GPGCX Omega Ratio Rank: 49
GPGCX Calmar Ratio Rank: 39
GPGCX Martin Ratio Rank: 37

OBEGX

OBEGX Risk / Return Rank: 51
OBEGX Sharpe Ratio Rank: 43
OBEGX Sortino Ratio Rank: 41
OBEGX Omega Ratio Rank: 37
OBEGX Calmar Ratio Rank: 76
OBEGX Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GPGCX vs. OBEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grandeur Peak Global Contrarian Fund (GPGCX) and Oberweis Global Opportunities Fund (OBEGX). 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	OBEGX	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.42	+0.21
Sortino ratio: Return per unit of downside risk	2.37	2.02	+0.35
Omega ratio: Gain probability vs. loss probability	1.28	1.24	+0.04
Calmar ratio: Return relative to maximum drawdown	1.79	2.73	-0.94
Martin ratio: Return relative to average drawdown	6.08	8.64	-2.56

GPGCX vs. OBEGX - Sharpe Ratio Comparison

The current GPGCX Sharpe Ratio is 1.62, which is comparable to the OBEGX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of GPGCX and OBEGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GPGCX vs. OBEGX - Drawdown Comparison

The maximum GPGCX drawdown since its inception was -37.17%, smaller than the maximum OBEGX drawdown of -83.07%. Use the drawdown chart below to compare losses from any high point for GPGCX and OBEGX.

Drawdown Indicators

	GPGCX	OBEGX	Difference
Max Drawdown Largest peak-to-trough decline	-37.17%	-83.07%	+45.90%
Max Drawdown (1Y) Largest decline over 1 year	-13.17%	-11.92%	-1.25%
Max Drawdown (3Y) Largest decline over 3 years	-16.46%	-25.41%	+8.95%
Max Drawdown (5Y) Largest decline over 5 years	-25.70%	-39.68%	+13.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.54%	—
Current Drawdown Current decline from peak	0.00%	-6.77%	+6.77%
Average Drawdown Average peak-to-trough decline	-6.14%	-33.59%	+27.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.87%	3.76%	+0.11%

Volatility

GPGCX vs. OBEGX - Volatility Comparison

The current volatility for Grandeur Peak Global Contrarian Fund (GPGCX) is 4.08%, while Oberweis Global Opportunities Fund (OBEGX) has a volatility of 8.02%. This indicates that GPGCX experiences smaller price fluctuations and is considered to be less risky than OBEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPGCX	OBEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	8.02%	-3.94%
Volatility (6M) Calculated over the trailing 6-month period	11.71%	19.17%	-7.46%
Volatility (1Y) Calculated over the trailing 1-year period	14.53%	23.00%	-8.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	23.59%	-9.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.12%	22.77%	-6.65%

GPGCX vs. OBEGX - Expense Ratio Comparison

GPGCX has a 1.35% expense ratio, which is lower than OBEGX's 1.51% expense ratio.

Dividends

GPGCX vs. OBEGX - Dividend Comparison

GPGCX's dividend yield for the trailing twelve months is around 13.82%, more than OBEGX's 10.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPGCX Grandeur Peak Global Contrarian Fund	13.82%	15.65%	7.19%	1.92%	2.98%	5.88%	1.70%	0.27%	0.00%	0.00%	0.00%	0.00%
OBEGX Oberweis Global Opportunities Fund	10.32%	12.66%	0.00%	0.00%	2.64%	25.09%	5.80%	0.00%	6.68%	13.37%	1.12%	14.32%

Frequently Asked Questions

Can I hold both GPGCX and OBEGX in my portfolio?

GPGCX and OBEGX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPGCX or OBEGX?

OBEGX has higher volatility (8.02%) compared to GPGCX (4.08%). In terms of maximum drawdown, GPGCX dropped -37.17% vs OBEGX's -83.07%.

Which has better risk-adjusted returns?

GPGCX currently has the higher Sharpe Ratio (1.62 vs 1.42), 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.