GPGOX vs. GPROX
GPGOX (Grandeur Peak Global Opportunities Fund) and GPROX (Grandeur Peak Global Reach Fund) are both Global Equities funds from Grandeur Peak Funds. Over the past 10 years, GPGOX returned 7.79%/yr vs 8.34%/yr for GPROX. Their 0.96 correlation means they have historically moved very closely together. GPGOX charges 1.54%/yr vs 1.49%/yr for GPROX.
Performance
GPGOX vs. GPROX - Performance Comparison
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Returns By Period
In the year-to-date period, GPGOX achieves a 10.79% return, which is significantly higher than GPROX's 5.01% return. Over the past 10 years, GPGOX has underperformed GPROX with an annualized return of 7.79%, while GPROX has yielded a comparatively higher 8.34% 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%
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 |
GPGOX vs. GPROX - 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% |
GPROX Grandeur Peak Global Reach Fund | 5.01% | 8.87% | 5.51% | 14.86% | -34.54% | 19.78% | 41.16% | 29.39% | -15.86% | 30.73% |
Correlation
The correlation between GPGOX and GPROX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.96 |
The correlation between GPGOX and GPROX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
GPGOX vs. GPROX — Risk / Return Rank
GPGOX
GPROX
GPGOX vs. GPROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grandeur Peak Global Opportunities Fund (GPGOX) 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.
| GPGOX | GPROX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.51 | +0.35 |
| Martin ratioReturn relative to average drawdown | 2.67 | 1.68 | +0.99 |
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Drawdowns
GPGOX vs. GPROX - Drawdown Comparison
The maximum GPGOX drawdown since its inception was -43.46%, roughly equal to the maximum GPROX drawdown of -43.86%. Use the drawdown chart below to compare losses from any high point for GPGOX and GPROX.
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Drawdown Indicators
| GPGOX | GPROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.46% | -43.86% | +0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -12.29% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -24.05% | -17.51% | -6.54% |
Max Drawdown (5Y)Largest decline over 5 years | -43.46% | -43.86% | +0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -43.46% | -43.86% | +0.40% |
Current DrawdownCurrent decline from peak | -19.49% | -13.61% | -5.88% |
Average DrawdownAverage peak-to-trough decline | -12.44% | -12.98% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 3.74% | +0.49% |
Volatility
GPGOX vs. GPROX - Volatility Comparison
Grandeur Peak Global Opportunities Fund (GPGOX) and Grandeur Peak Global Reach Fund (GPROX) have volatilities of 4.69% and 4.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPGOX | GPROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 4.49% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 12.78% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 14.99% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 18.06% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 17.04% | -0.06% |
GPGOX vs. GPROX - Expense Ratio Comparison
GPGOX has a 1.54% expense ratio, which is higher than GPROX's 1.49% expense ratio.
Dividends
GPGOX vs. GPROX - Dividend Comparison
GPGOX's dividend yield for the trailing twelve months is around 4.58%, less than GPROX's 18.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
With a correlation of 0.95, GPGOX and GPROX 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.
GPGOX has higher volatility (4.69%) compared to GPROX (4.49%). In terms of maximum drawdown, GPGOX dropped -43.46% vs GPROX's -43.86%.
GPGOX currently has the higher Sharpe Ratio (0.70 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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