GPROX vs. SGSCX

Last updated Jun 4, 2026

GPROX (Grandeur Peak Global Reach Fund) and SGSCX (DWS Global Small Cap Fund) are both Global Equities funds. Over the past 10 years, GPROX returned 8.80%/yr vs 8.39%/yr for SGSCX. Their correlation of 0.84 suggests significant overlap in exposure. GPROX charges 1.49%/yr vs 1.12%/yr for SGSCX.

Performance

GPROX vs. SGSCX - Performance Comparison

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

Returns By Period

In the year-to-date period, GPROX achieves a 6.10% return, which is significantly lower than SGSCX's 20.12% return. Both investments have delivered pretty close results over the past 10 years, with GPROX having a 8.80% annualized return and SGSCX not far behind at 8.39%.

GPROX

• 1D: -0.61%
• 1M: 0.48%
• YTD: 6.10%
• 6M: 7.38%
• 1Y: 10.28%
• 3Y*: 10.48%
• 5Y*: -0.60%
• 10Y*: 8.80%

SGSCX

• 1D: 1.02%
• 1M: 2.86%
• YTD: 20.12%
• 6M: 22.38%
• 1Y: 42.99%
• 3Y*: 21.01%
• 5Y*: 7.90%
• 10Y*: 8.39%

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

GPROX vs. SGSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GPROX Grandeur Peak Global Reach Fund	6.10%	8.87%	5.51%	14.86%	-34.54%	19.78%	41.16%	29.39%	-15.86%	30.73%
SGSCX DWS Global Small Cap Fund	20.12%	20.22%	5.35%	24.62%	-24.63%	15.10%	16.98%	22.29%	-21.96%	19.80%

Correlation

The correlation between GPROX and SGSCX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.84

The correlation between GPROX and SGSCX shifts across timeframes, from 0.73 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GPROX vs. SGSCX — Risk / Return Rank

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

GPROX

GPROX Risk / Return Rank: 10
GPROX Sharpe Ratio Rank: 9
GPROX Sortino Ratio Rank: 10
GPROX Omega Ratio Rank: 10
GPROX Calmar Ratio Rank: 9
GPROX Martin Ratio Rank: 10

SGSCX

SGSCX Risk / Return Rank: 85
SGSCX Sharpe Ratio Rank: 88
SGSCX Sortino Ratio Rank: 84
SGSCX Omega Ratio Rank: 75
SGSCX Calmar Ratio Rank: 90
SGSCX Martin Ratio Rank: 89

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. SGSCX - Risk-Adjusted Trends Comparison

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

	GPROX	SGSCX	Difference
Sharpe ratio: Return per unit of total volatility	0.75	2.88	-2.13
Sortino ratio: Return per unit of downside risk	1.21	3.96	-2.75
Omega ratio: Gain probability vs. loss probability	1.15	1.49	-0.35
Calmar ratio: Return relative to maximum drawdown	0.86	4.62	-3.77
Martin ratio: Return relative to average drawdown	2.92	17.61	-14.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPROX vs. SGSCX - Sharpe Ratio Comparison

The current GPROX Sharpe Ratio is 0.75, which is lower than the SGSCX Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of GPROX and SGSCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GPROX	SGSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	2.88	-2.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.42	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.43	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.49	0.00

Drawdowns

GPROX vs. SGSCX - Drawdown Comparison

The maximum GPROX drawdown since its inception was -43.86%, smaller than the maximum SGSCX drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for GPROX and SGSCX.

Drawdown Indicators

	GPROX	SGSCX	Difference
Max Drawdown Largest peak-to-trough decline	-43.86%	-62.26%	+18.40%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-9.54%	-2.75%
Max Drawdown (3Y) Largest decline over 3 years	-17.51%	-22.37%	+4.86%
Max Drawdown (5Y) Largest decline over 5 years	-43.86%	-33.72%	-10.14%
Max Drawdown (10Y) Largest decline over 10 years	-43.86%	-45.98%	+2.12%
Current Drawdown Current decline from peak	-12.72%	-1.40%	-11.32%
Average Drawdown Average peak-to-trough decline	-12.98%	-14.12%	+1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	2.50%	+1.10%

Volatility

GPROX vs. SGSCX - Volatility Comparison

The current volatility for Grandeur Peak Global Reach Fund (GPROX) is 3.74%, while DWS Global Small Cap Fund (SGSCX) has a volatility of 5.04%. This indicates that GPROX experiences smaller price fluctuations and is considered to be less risky than SGSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPROX	SGSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	5.04%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	11.43%	11.55%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	13.97%	15.31%	-1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.89%	18.88%	-0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	19.53%	-2.43%

GPROX vs. SGSCX - Expense Ratio Comparison

GPROX has a 1.49% expense ratio, which is higher than SGSCX's 1.12% expense ratio.

Dividends

GPROX vs. SGSCX - Dividend Comparison

GPROX's dividend yield for the trailing twelve months is around 18.55%, more than SGSCX's 8.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPROX Grandeur Peak Global Reach Fund	18.55%	19.69%	12.03%	0.14%	0.00%	15.32%	8.09%	2.58%	11.25%	1.49%	0.13%	3.75%
SGSCX DWS Global Small Cap Fund	8.63%	10.37%	6.35%	5.12%	5.42%	16.72%	0.36%	0.29%	18.31%	11.13%	7.52%	6.04%

Frequently Asked Questions

Can I hold both GPROX and SGSCX in my portfolio?

GPROX and SGSCX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPROX or SGSCX?

SGSCX has higher volatility (5.04%) compared to GPROX (3.74%). In terms of maximum drawdown, GPROX dropped -43.86% vs SGSCX's -62.26%.

Which has better risk-adjusted returns?

SGSCX currently has the higher Sharpe Ratio (2.88 vs 0.75), 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.