GPROX vs. GISOX

Last updated Jun 23, 2026

GPROX (Grandeur Peak Global Reach Fund) and GISOX (Grandeur Peak International Stalwarts Fund) are both mutual funds - GPROX 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, GPROX returned 8.98%/yr vs 7.99%/yr for GISOX. Their correlation of 0.93 suggests significant overlap in exposure. GPROX charges 1.49%/yr vs 1.15%/yr for GISOX.

Performance

GPROX vs. GISOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grandeur Peak Global Reach Fund (GPROX) and Grandeur Peak International Stalwarts Fund (GISOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPROX achieves a 7.33% return, which is significantly lower than GISOX's 20.69% return. Over the past 10 years, GPROX has outperformed GISOX with an annualized return of 8.98%, while GISOX has yielded a comparatively lower 7.99% annualized return.

GPROX

• 1D: 1.23%
• 1M: 0.82%
• YTD: 7.33%
• 6M: 7.25%
• 1Y: 12.20%
• 3Y*: 9.51%
• 5Y*: -0.33%
• 10Y*: 8.98%

GISOX

• 1D: 1.82%
• 1M: 0.05%
• YTD: 20.69%
• 6M: 21.04%
• 1Y: 20.77%
• 3Y*: 8.36%
• 5Y*: -1.25%
• 10Y*: 7.99%

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

GPROX vs. GISOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GPROX Grandeur Peak Global Reach Fund	7.33%	8.87%	5.51%	14.86%	-34.54%	19.78%	41.16%	29.39%	-15.86%	30.73%
GISOX Grandeur Peak International Stalwarts Fund	20.69%	9.82%	-10.00%	14.58%	-37.61%	24.41%	38.16%	31.57%	-17.66%	36.78%

Correlation

The correlation between GPROX and GISOX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.93

The correlation between GPROX and GISOX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

GPROX vs. GISOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GPROX

GPROX Risk / Return Rank: 11
GPROX Sharpe Ratio Rank: 10
GPROX Sortino Ratio Rank: 11
GPROX Omega Ratio Rank: 11
GPROX Calmar Ratio Rank: 10
GPROX Martin Ratio Rank: 12

GISOX

GISOX Risk / Return Rank: 20
GISOX Sharpe Ratio Rank: 17
GISOX Sortino Ratio Rank: 19
GISOX Omega Ratio Rank: 18
GISOX Calmar Ratio Rank: 29
GISOX Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GPROX vs. GISOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grandeur Peak Global Reach Fund (GPROX) 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.

	GPROX	GISOX	Difference
Sharpe ratio: Return per unit of total volatility	0.79	1.08	-0.29
Sortino ratio: Return per unit of downside risk	1.27	1.69	-0.41
Omega ratio: Gain probability vs. loss probability	1.15	1.21	-0.06
Calmar ratio: Return relative to maximum drawdown	0.93	1.90	-0.97
Martin ratio: Return relative to average drawdown	3.16	4.65	-1.50

GPROX vs. GISOX - Sharpe Ratio Comparison

The current GPROX Sharpe Ratio is 0.79, which is comparable to the GISOX Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of GPROX and GISOX, 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

GPROX vs. GISOX - Drawdown Comparison

The maximum GPROX drawdown since its inception was -43.86%, smaller than the maximum GISOX drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for GPROX and GISOX.

Drawdown Indicators

	GPROX	GISOX	Difference
Max Drawdown Largest peak-to-trough decline	-43.86%	-47.98%	+4.12%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-10.42%	-1.87%
Max Drawdown (3Y) Largest decline over 3 years	-17.51%	-22.45%	+4.94%
Max Drawdown (5Y) Largest decline over 5 years	-43.86%	-47.98%	+4.12%
Max Drawdown (10Y) Largest decline over 10 years	-43.86%	-47.98%	+4.12%
Current Drawdown Current decline from peak	-11.70%	-18.08%	+6.38%
Average Drawdown Average peak-to-trough decline	-12.98%	-17.48%	+4.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	4.26%	-0.63%

Volatility

GPROX vs. GISOX - Volatility Comparison

The current volatility for Grandeur Peak Global Reach Fund (GPROX) is 5.14%, while Grandeur Peak International Stalwarts Fund (GISOX) has a volatility of 7.96%. This indicates that GPROX 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.

Volatility by Period

	GPROX	GISOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	7.96%	-2.82%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	15.73%	-3.61%
Volatility (1Y) Calculated over the trailing 1-year period	14.47%	18.30%	-3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.99%	20.34%	-2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.12%	18.93%	-1.81%

GPROX vs. GISOX - Expense Ratio Comparison

GPROX has a 1.49% expense ratio, which is higher than GISOX's 1.15% expense ratio.

Dividends

GPROX vs. GISOX - Dividend Comparison

GPROX's dividend yield for the trailing twelve months is around 18.34%, more than GISOX's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GISOX Grandeur Peak International Stalwarts Fund	0.42%	0.50%	0.45%	0.54%	0.10%	8.61%	0.21%	0.14%	2.76%	1.38%	0.29%	0.00%
GPROX Grandeur Peak Global Reach Fund	18.34%	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

Can I hold both GPROX and GISOX in my portfolio?

With a correlation of 0.93, GPROX 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.

Which is riskier, GPROX or GISOX?

GISOX has higher volatility (7.96%) compared to GPROX (5.14%). In terms of maximum drawdown, GPROX dropped -43.86% vs GISOX's -47.98%.

Which has better risk-adjusted returns?

GISOX currently has the higher Sharpe Ratio (1.08 vs 0.79), 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.