GPGOX vs. GISOX
GPGOX (Grandeur Peak Global Opportunities Fund) and GISOX (Grandeur Peak International Stalwarts Fund) are both mutual funds - GPGOX is a Global Equities fund managed by Grandeur Peak Funds, while GISOX is a Foreign Small & Mid Cap Equities fund managed by Grandeur Peak Funds. Over the past 10 years, GPGOX returned 7.79%/yr vs 6.76%/yr for GISOX. Their correlation of 0.93 means they have usually moved in the same direction. GPGOX charges 1.54%/yr vs 1.15%/yr for GISOX.
Performance
GPGOX vs. GISOX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GPGOX having a 10.79% return and GISOX slightly higher at 10.86%. Over the past 10 years, GPGOX has outperformed GISOX with an annualized return of 7.79%, while GISOX has yielded a comparatively lower 6.76% annualized return.
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%
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%
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 |
GPGOX vs. GISOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between GPGOX and GISOX 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 GPGOX and GISOX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
GPGOX vs. GISOX — Risk / Return Rank
GPGOX
GISOX
GPGOX vs. GISOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grandeur Peak Global Opportunities Fund (GPGOX) and Grandeur Peak International Stalwarts Fund (GISOX). 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.
| GPGOX | GISOX | 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 | 1.14 | 1.09 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.65 | +0.22 |
| Martin ratioReturn relative to average drawdown | 2.67 | 1.93 | +0.74 |
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Drawdowns
GPGOX vs. GISOX - Drawdown Comparison
The maximum GPGOX drawdown since its inception was -43.46%, smaller than the maximum GISOX drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for GPGOX and GISOX.
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Drawdown Indicators
| GPGOX | GISOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.46% | -47.98% | +4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -13.42% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -24.05% | -22.45% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -43.46% | -47.98% | +4.52% |
Max Drawdown (10Y)Largest decline over 10 years | -43.46% | -47.98% | +4.52% |
Current DrawdownCurrent decline from peak | -19.49% | -24.75% | +5.26% |
Average DrawdownAverage peak-to-trough decline | -12.44% | -17.54% | +5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 4.50% | -0.27% |
Volatility
GPGOX vs. GISOX - Volatility Comparison
The current volatility for Grandeur Peak Global Opportunities Fund (GPGOX) is 4.69%, while Grandeur Peak International Stalwarts Fund (GISOX) has a volatility of 7.21%. This indicates that GPGOX experiences smaller price fluctuations and is considered to be less risky than GISOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPGOX | GISOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 7.21% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 17.37% | -3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 19.71% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 20.59% | -3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 18.95% | -1.97% |
GPGOX vs. GISOX - Expense Ratio Comparison
GPGOX has a 1.54% expense ratio, which is higher than GISOX's 1.15% expense ratio.
Dividends
GPGOX vs. GISOX - Dividend Comparison
GPGOX's dividend yield for the trailing twelve months is around 4.58%, more than GISOX's 0.45% 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, GPGOX and GISOX 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, GPGOX dropped -43.46% vs GISOX's -47.98%.
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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