GQEIX vs. NUESX

Last updated Jun 24, 2026

GQEIX (GQG Partners US Select Quality Equity Fund) and NUESX (Northern U.S. Quality ESG Fund) are both Large Cap Blend Equities funds. Over the past 5 years, GQEIX returned 9.44%/yr vs 11.39%/yr for NUESX. A 0.71 correlation means they provide meaningful diversification when combined. GQEIX charges 0.49%/yr vs 0.39%/yr for NUESX.

Performance

GQEIX vs. NUESX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GQG Partners US Select Quality Equity Fund (GQEIX) and Northern U.S. Quality ESG Fund (NUESX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GQEIX achieves a 2.94% return, which is significantly lower than NUESX's 7.10% return.

GQEIX

• 1D: 0.39%
• 1M: -5.31%
• YTD: 2.94%
• 6M: 3.07%
• 1Y: 1.15%
• 3Y*: 12.29%
• 5Y*: 9.44%
• 10Y*: —

NUESX

• 1D: -0.35%
• 1M: 0.22%
• YTD: 7.10%
• 6M: 5.97%
• 1Y: 21.85%
• 3Y*: 18.45%
• 5Y*: 11.39%
• 10Y*: —

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

GQEIX vs. NUESX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GQEIX GQG Partners US Select Quality Equity Fund	2.94%	-4.31%	29.20%	17.77%	-2.69%	19.88%	23.88%	27.34%	-7.65%
NUESX Northern U.S. Quality ESG Fund	7.10%	15.33%	20.67%	25.22%	-18.85%	31.26%	20.20%	31.40%	-15.05%

Correlation

The correlation between GQEIX and NUESX is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018	0.71

The correlation between GQEIX and NUESX shifts across timeframes, from -0.10 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GQEIX vs. NUESX — Risk / Return Rank

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

GQEIX

GQEIX Risk / Return Rank: 4
GQEIX Sharpe Ratio Rank: 4
GQEIX Sortino Ratio Rank: 4
GQEIX Omega Ratio Rank: 4
GQEIX Calmar Ratio Rank: 4
GQEIX Martin Ratio Rank: 4

NUESX

NUESX Risk / Return Rank: 46
NUESX Sharpe Ratio Rank: 44
NUESX Sortino Ratio Rank: 42
NUESX Omega Ratio Rank: 43
NUESX Calmar Ratio Rank: 45
NUESX Martin Ratio Rank: 56

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. NUESX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GQG Partners US Select Quality Equity Fund (GQEIX) and Northern U.S. Quality ESG Fund (NUESX). 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	NUESX	Difference
Sharpe ratio: Return per unit of total volatility	0.22	1.80	-1.59
Sortino ratio: Return per unit of downside risk	0.38	2.53	-2.15
Omega ratio: Gain probability vs. loss probability	1.04	1.32	-0.28
Calmar ratio: Return relative to maximum drawdown	0.27	2.46	-2.19
Martin ratio: Return relative to average drawdown	0.70	10.72	-10.02

GQEIX vs. NUESX - Sharpe Ratio Comparison

The current GQEIX Sharpe Ratio is 0.22, which is lower than the NUESX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of GQEIX and NUESX, 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. NUESX - Drawdown Comparison

The maximum GQEIX drawdown since its inception was -28.48%, smaller than the maximum NUESX drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for GQEIX and NUESX.

Drawdown Indicators

	GQEIX	NUESX	Difference
Max Drawdown Largest peak-to-trough decline	-28.48%	-33.33%	+4.85%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	-9.41%	+0.96%
Max Drawdown (3Y) Largest decline over 3 years	-18.92%	-19.41%	+0.49%
Max Drawdown (5Y) Largest decline over 5 years	-20.44%	-24.96%	+4.52%
Current Drawdown Current decline from peak	-11.97%	-1.70%	-10.27%
Average Drawdown Average peak-to-trough decline	-5.77%	-5.20%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	2.14%	+1.13%

Volatility

GQEIX vs. NUESX - Volatility Comparison

The current volatility for GQG Partners US Select Quality Equity Fund (GQEIX) is 3.66%, while Northern U.S. Quality ESG Fund (NUESX) has a volatility of 4.23%. This indicates that GQEIX experiences smaller price fluctuations and is considered to be less risky than NUESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GQEIX	NUESX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	4.23%	-0.57%
Volatility (6M) Calculated over the trailing 6-month period	8.00%	10.02%	-2.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.50%	12.85%	-2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.91%	17.50%	-1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.72%	19.63%	-0.91%

GQEIX vs. NUESX - Expense Ratio Comparison

GQEIX has a 0.49% expense ratio, which is higher than NUESX's 0.39% expense ratio.

Dividends

GQEIX vs. NUESX - Dividend Comparison

GQEIX's dividend yield for the trailing twelve months is around 7.16%, less than NUESX's 11.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GQEIX GQG Partners US Select Quality Equity Fund	7.16%	7.38%	5.41%	0.63%	4.50%	1.50%	0.67%	0.65%	0.12%
NUESX Northern U.S. Quality ESG Fund	11.88%	12.68%	1.50%	1.54%	3.71%	5.97%	1.60%	1.62%	2.44%

Frequently Asked Questions

Can I hold both GQEIX and NUESX in my portfolio?

GQEIX and NUESX have a correlation of -0.10, 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 NUESX?

NUESX has higher volatility (4.23%) compared to GQEIX (3.66%). In terms of maximum drawdown, GQEIX dropped -28.48% vs NUESX's -33.33%.

Which has better risk-adjusted returns?

NUESX currently has the higher Sharpe Ratio (1.80 vs 0.22), 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.