GQETX vs. THD
GQETX (GMO Quality Fund) and THD (iShares MSCI Thailand ETF) are both funds - GQETX is a Large Cap Blend Equities fund managed by GMO, while THD is a Asia Pacific Equities fund tracking the MSCI Thailand Investable Market Index. Over the past 10 years, GQETX returned 16.10%/yr vs 3.71%/yr for THD. A 0.52 correlation means they provide meaningful diversification when combined. GQETX charges 0.49%/yr vs 0.59%/yr for THD.
Performance
GQETX vs. THD - Performance Comparison
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Returns By Period
In the year-to-date period, GQETX achieves a 4.54% return, which is significantly lower than THD's 22.58% return. Over the past 10 years, GQETX has outperformed THD with an annualized return of 16.10%, while THD has yielded a comparatively lower 3.71% annualized return.
GQETX
- 1D
- 0.94%
- 1M
- -0.16%
- YTD
- 4.54%
- 6M
- 4.57%
- 1Y
- 21.43%
- 3Y*
- 16.41%
- 5Y*
- 13.36%
- 10Y*
- 16.10%
THD
- 1D
- -1.18%
- 1M
- 0.76%
- YTD
- 22.58%
- 6M
- 20.48%
- 1Y
- 51.99%
- 3Y*
- 6.45%
- 5Y*
- 1.30%
- 10Y*
- 3.71%
GQETX vs. THD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GQETX GMO Quality Fund | 4.54% | 19.61% | 17.76% | 28.94% | -15.33% | 31.67% | 18.33% | 31.77% | 0.50% | 29.11% |
THD iShares MSCI Thailand ETF | 22.58% | 2.36% | -2.21% | -12.63% | 1.22% | 1.87% | -9.89% | 8.32% | -8.25% | 31.45% |
Correlation
The correlation between GQETX and THD is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2008 | 0.52 |
The correlation between GQETX and THD shifts across timeframes, from 0.41 (3 years) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GQETX vs. THD — Risk / Return Rank
GQETX
THD
GQETX vs. THD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Quality Fund (GQETX) and iShares MSCI Thailand ETF (THD). 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.
| GQETX | THD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 3.98 | -2.37 |
| Martin ratioReturn relative to average drawdown | 6.36 | 11.60 | -5.24 |
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Drawdowns
GQETX vs. THD - Drawdown Comparison
The maximum GQETX drawdown since its inception was -39.99%, smaller than the maximum THD drawdown of -64.22%. Use the drawdown chart below to compare losses from any high point for GQETX and THD.
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Drawdown Indicators
| GQETX | THD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.99% | -64.22% | +24.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.76% | -13.12% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -34.11% | +18.57% |
Max Drawdown (5Y)Largest decline over 5 years | -24.22% | -40.24% | +16.02% |
Max Drawdown (10Y)Largest decline over 10 years | -30.44% | -49.32% | +18.88% |
Current DrawdownCurrent decline from peak | -1.45% | -9.99% | +8.54% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -18.25% | +13.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 4.50% | -1.27% |
Volatility
GQETX vs. THD - Volatility Comparison
The current volatility for GMO Quality Fund (GQETX) is 4.26%, while iShares MSCI Thailand ETF (THD) has a volatility of 5.56%. This indicates that GQETX experiences smaller price fluctuations and is considered to be less risky than THD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GQETX | THD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 5.56% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 18.67% | -8.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 22.92% | -10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 19.90% | -3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 21.61% | -4.51% |
GQETX vs. THD - Expense Ratio Comparison
GQETX has a 0.49% expense ratio, which is lower than THD's 0.59% expense ratio.
Dividends
GQETX vs. THD - Dividend Comparison
GQETX's dividend yield for the trailing twelve months is around 10.68%, more than THD's 3.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQETX GMO Quality Fund | 10.68% | 11.16% | 3.91% | 3.43% | 11.85% | 10.19% | 13.61% | 8.08% | 21.66% | 8.10% | 3.56% | 17.25% |
THD iShares MSCI Thailand ETF | 3.54% | 3.36% | 3.15% | 2.92% | 2.41% | 3.16% | 2.31% | 2.42% | 2.57% | 2.16% | 2.61% | 3.58% |
Frequently Asked Questions
GQETX and THD have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THD has higher volatility (5.56%) compared to GQETX (4.26%). In terms of maximum drawdown, GQETX dropped -39.99% vs THD's -64.22%.
THD currently has the higher Sharpe Ratio (2.28 vs 1.62), 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.
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