GQEIX vs. MSOAX

Last updated Jun 26, 2026

GQEIX (GQG Partners US Select Quality Equity Fund) and MSOAX (MainStay WMC Enduring Capital Fund) are both Large Cap Blend Equities funds. Over the past 5 years, GQEIX returned 9.51%/yr vs 6.14%/yr for MSOAX. A 0.70 correlation means they provide meaningful diversification when combined. GQEIX charges 0.49%/yr vs 0.91%/yr for MSOAX.

Performance

GQEIX vs. MSOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GQG Partners US Select Quality Equity Fund (GQEIX) and MainStay WMC Enduring Capital Fund (MSOAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GQEIX achieves a 4.63% return, which is significantly higher than MSOAX's 4.05% return.

GQEIX

• 1D: -0.14%
• 1M: -2.32%
• YTD: 4.63%
• 6M: 4.46%
• 1Y: 3.91%
• 3Y*: 12.90%
• 5Y*: 9.51%
• 10Y*: —

MSOAX

• 1D: 1.48%
• 1M: 4.45%
• YTD: 4.05%
• 6M: 2.77%
• 1Y: 0.24%
• 3Y*: 9.06%
• 5Y*: 6.14%
• 10Y*: 11.16%

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

GQEIX vs. MSOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GQEIX GQG Partners US Select Quality Equity Fund	4.63%	-4.31%	29.20%	17.77%	-2.69%	19.88%	23.88%	27.34%	-7.65%
MSOAX MainStay WMC Enduring Capital Fund	4.05%	-0.61%	10.54%	17.67%	-13.18%	35.36%	15.48%	24.80%	-16.15%

Correlation

The correlation between GQEIX and MSOAX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018	0.70

Over the past year, the correlation between GQEIX and MSOAX has dropped to 0.27 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

GQEIX vs. MSOAX — Risk / Return Rank

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

GQEIX

GQEIX Risk / Return Rank: 5
GQEIX Sharpe Ratio Rank: 5
GQEIX Sortino Ratio Rank: 5
GQEIX Omega Ratio Rank: 5
GQEIX Calmar Ratio Rank: 6
GQEIX Martin Ratio Rank: 5

MSOAX

MSOAX Risk / Return Rank: 3
MSOAX Sharpe Ratio Rank: 3
MSOAX Sortino Ratio Rank: 3
MSOAX Omega Ratio Rank: 3
MSOAX Calmar Ratio Rank: 3
MSOAX Martin Ratio Rank: 3

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.

GQEIX vs. MSOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GQG Partners US Select Quality Equity Fund (GQEIX) and MainStay WMC Enduring Capital Fund (MSOAX). 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.

	GQEIX	MSOAX	Difference
Sharpe ratio: Return per unit of total volatility	0.25	-0.06	+0.31
Sortino ratio: Return per unit of downside risk	0.44	0.01	+0.43
Omega ratio: Gain probability vs. loss probability	1.05	1.00	+0.05
Calmar ratio: Return relative to maximum drawdown	0.32	-0.06	+0.38
Martin ratio: Return relative to average drawdown	0.81	-0.13	+0.93

GQEIX vs. MSOAX - Sharpe Ratio Comparison

The current GQEIX Sharpe Ratio is 0.25, which is higher than the MSOAX Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of GQEIX and MSOAX, 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

GQEIX vs. MSOAX - Drawdown Comparison

The maximum GQEIX drawdown since its inception was -28.48%, smaller than the maximum MSOAX drawdown of -55.16%. Use the drawdown chart below to compare losses from any high point for GQEIX and MSOAX.

Drawdown Indicators

	GQEIX	MSOAX	Difference
Max Drawdown Largest peak-to-trough decline	-28.48%	-55.16%	+26.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	-11.43%	+2.98%
Max Drawdown (3Y) Largest decline over 3 years	-18.92%	-14.69%	-4.23%
Max Drawdown (5Y) Largest decline over 5 years	-20.44%	-21.27%	+0.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.01%	—
Current Drawdown Current decline from peak	-10.52%	-6.61%	-3.91%
Average Drawdown Average peak-to-trough decline	-5.78%	-13.28%	+7.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	5.66%	-2.34%

Volatility

GQEIX vs. MSOAX - Volatility Comparison

GQG Partners US Select Quality Equity Fund (GQEIX) has a higher volatility of 4.12% compared to MainStay WMC Enduring Capital Fund (MSOAX) at 3.72%. This indicates that GQEIX's price experiences larger fluctuations and is considered to be riskier than MSOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GQEIX	MSOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	3.72%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	8.14%	9.79%	-1.65%
Volatility (1Y) Calculated over the trailing 1-year period	10.57%	12.90%	-2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.93%	15.92%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.72%	17.78%	+0.94%

GQEIX vs. MSOAX - Expense Ratio Comparison

GQEIX has a 0.49% expense ratio, which is lower than MSOAX's 0.91% expense ratio.

Dividends

GQEIX vs. MSOAX - Dividend Comparison

GQEIX's dividend yield for the trailing twelve months is around 7.05%, more than MSOAX's 3.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GQEIX GQG Partners US Select Quality Equity Fund	7.05%	7.38%	5.41%	0.63%	4.50%	1.50%	0.67%	0.65%	0.12%	0.00%	0.00%	0.00%
MSOAX MainStay WMC Enduring Capital Fund	3.91%	4.07%	0.26%	0.64%	4.00%	8.70%	0.83%	5.99%	13.82%	0.88%	1.22%	1.11%

Frequently Asked Questions

Can I hold both GQEIX and MSOAX in my portfolio?

GQEIX and MSOAX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GQEIX or MSOAX?

GQEIX has higher volatility (4.12%) compared to MSOAX (3.72%). In terms of maximum drawdown, GQEIX dropped -28.48% vs MSOAX's -55.16%.

Which has better risk-adjusted returns?

GQEIX currently has the higher Sharpe Ratio (0.25 vs -0.06), 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.