GPGCX vs. TQQQ
Compare and contrast key facts about Grandeur Peak Global Contrarian Fund (GPGCX) and ProShares UltraPro QQQ (TQQQ).
GPGCX is managed by Grandeur Peak Funds. It was launched on Sep 16, 2019. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Performance
GPGCX vs. TQQQ - Performance Comparison
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GPGCX vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GPGCX Grandeur Peak Global Contrarian Fund | -4.50% | 20.03% | 14.97% | 21.28% | -14.60% | 20.00% | 24.99% | 9.60% |
TQQQ ProShares UltraPro QQQ | -17.87% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 32.73% |
Returns By Period
In the year-to-date period, GPGCX achieves a -4.50% return, which is significantly higher than TQQQ's -17.87% return.
GPGCX
- 1D
- 2.38%
- 1M
- -9.19%
- YTD
- -4.50%
- 6M
- -1.96%
- 1Y
- 16.21%
- 3Y*
- 15.36%
- 5Y*
- 8.15%
- 10Y*
- —
TQQQ
- 1D
- 3.72%
- 1M
- -12.88%
- YTD
- -17.87%
- 6M
- -17.28%
- 1Y
- 48.52%
- 3Y*
- 46.87%
- 5Y*
- 13.55%
- 10Y*
- 35.31%
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GPGCX vs. TQQQ - Expense Ratio Comparison
GPGCX has a 1.35% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Return for Risk
GPGCX vs. TQQQ — Risk / Return Rank
GPGCX
TQQQ
GPGCX vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grandeur Peak Global Contrarian Fund (GPGCX) and ProShares UltraPro QQQ (TQQQ). 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.
| GPGCX | TQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 0.72 | +0.32 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.41 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.41 | -0.23 |
Martin ratioReturn relative to average drawdown | 4.10 | 4.28 | -0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GPGCX | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 0.72 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.20 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.65 | +0.17 |
Correlation
The correlation between GPGCX and TQQQ is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GPGCX vs. TQQQ - Dividend Comparison
GPGCX's dividend yield for the trailing twelve months is around 16.39%, more than TQQQ's 0.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPGCX Grandeur Peak Global Contrarian Fund | 16.39% | 15.65% | 7.19% | 1.92% | 2.98% | 5.88% | 1.70% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.73% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Drawdowns
GPGCX vs. TQQQ - Drawdown Comparison
The maximum GPGCX drawdown since its inception was -37.17%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for GPGCX and TQQQ.
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Drawdown Indicators
| GPGCX | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.17% | -81.66% | +44.49% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -36.97% | +23.80% |
Max Drawdown (5Y)Largest decline over 5 years | -25.70% | -81.66% | +55.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -10.92% | -28.08% | +17.16% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -18.66% | +12.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 12.13% | -8.35% |
Volatility
GPGCX vs. TQQQ - Volatility Comparison
The current volatility for Grandeur Peak Global Contrarian Fund (GPGCX) is 6.27%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.74%. This indicates that GPGCX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPGCX | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 19.74% | -13.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.36% | 38.50% | -28.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.85% | 67.35% | -51.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 66.53% | -52.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 65.83% | -49.69% |