GQEFX vs. AFNIX

Last updated Jun 4, 2026

GQEFX (GMO Quality Fund Class IV) and AFNIX (AAM/Bahl & Gaynor Income Growth Fund Class I) are both Large Cap Blend Equities funds. Their correlation of 0.84 suggests significant overlap in exposure. GQEFX charges 0.47%/yr vs 0.83%/yr for AFNIX.

Performance

GQEFX vs. AFNIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Quality Fund Class IV (GQEFX) and AAM/Bahl & Gaynor Income Growth Fund Class I (AFNIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GQEFX

• 1D: -0.27%
• 1M: 4.21%
• YTD: 5.81%
• 6M: 6.69%
• 1Y: 22.90%
• 3Y*: 17.72%
• 5Y*: 13.45%
• 10Y*: —

AFNIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GQEFX vs. AFNIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GQEFX GMO Quality Fund Class IV	5.81%	19.64%	17.54%	28.95%	-15.30%	31.76%	18.39%	31.87%	0.54%	10.45%
AFNIX AAM/Bahl & Gaynor Income Growth Fund Class I	1.74%	11.36%	16.23%	6.59%	-8.77%	25.23%	6.60%	25.71%	-1.98%	11.23%

Correlation

The correlation between GQEFX and AFNIX is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jun 13, 2017	0.84

Over the past year, the correlation between GQEFX and AFNIX has dropped to 0.57 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

GQEFX vs. AFNIX — Risk / Return Rank

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

GQEFX

GQEFX Risk / Return Rank: 35
GQEFX Sharpe Ratio Rank: 41
GQEFX Sortino Ratio Rank: 40
GQEFX Omega Ratio Rank: 37
GQEFX Calmar Ratio Rank: 24
GQEFX Martin Ratio Rank: 31

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.

GQEFX vs. AFNIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Quality Fund Class IV (GQEFX) and AAM/Bahl & Gaynor Income Growth Fund Class I (AFNIX). 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.

	GQEFX	AFNIX	Difference
Sharpe ratio Return per unit of total volatility	1.89	—	—
Sortino ratio Return per unit of downside risk	2.68	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	1.81	—	—
Martin ratio Return relative to average drawdown	7.19	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GQEFX	AFNIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	—	—

Drawdowns

Drawdown Indicators

	GQEFX	AFNIX	Difference
Max Drawdown Largest peak-to-trough decline	-30.42%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.74%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.22%	—	—
Current Drawdown Current decline from peak	-0.27%	—	—
Average Drawdown Average peak-to-trough decline	-4.16%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	—	—

Volatility

Volatility by Period

	GQEFX	AFNIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.22%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.87%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.76%	—	—

GQEFX vs. AFNIX - Expense Ratio Comparison

GQEFX has a 0.47% expense ratio, which is lower than AFNIX's 0.83% expense ratio.

Dividends

GQEFX vs. AFNIX - Dividend Comparison

GQEFX's dividend yield for the trailing twelve months is around 10.54%, less than AFNIX's 31.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFNIX AAM/Bahl & Gaynor Income Growth Fund Class I	31.18%	14.13%	6.88%	3.43%	4.61%	1.78%	1.75%	2.13%	2.04%	1.72%	1.79%	2.66%
GQEFX GMO Quality Fund Class IV	10.54%	11.15%	3.70%	3.43%	11.84%	10.23%	13.62%	8.09%	21.69%	7.08%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GQEFX and AFNIX in my portfolio?

GQEFX and AFNIX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.