GQGPX vs. DEMGX

Last updated Aug 1, 2026

GQGPX (GQG Partners Emerging Markets Equity Fund) and DEMGX (DFA Emerging Markets Targeted Value Portfolio) are both Emerging Markets Equities funds. Over the past 5 years, GQGPX returned 4.61%/yr vs 7.06%/yr for DEMGX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. GQGPX charges 1.22%/yr vs 0.66%/yr for DEMGX.

Performance

GQGPX vs. DEMGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GQG Partners Emerging Markets Equity Fund (GQGPX) and DFA Emerging Markets Targeted Value Portfolio (DEMGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GQGPX having a 7.51% return and DEMGX slightly lower at 7.31%.

GQGPX

• 1D: 1.98%
• 1M: 3.42%
• 6M: 2.75%
• YTD: 7.51%
• 1Y: 15.94%
• 3Y*: 10.35%
• 5Y*: 4.61%
• 10Y*: —
• ALL TIME*: 8.63%

DEMGX

• 1D: 1.46%
• 1M: -3.99%
• 6M: 0.00%
• YTD: 7.31%
• 1Y: 16.77%
• 3Y*: 12.57%
• 5Y*: 7.06%
• 10Y*: —
• ALL TIME*: 9.23%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DEMGX DFA Emerging Markets Targeted Value Portfolio	$0.00	$0.00	$0.00
GQGPX GQG Partners Emerging Markets Equity Fund	$0.00	$0.00	$0.00

GQGPX vs. DEMGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GQGPX GQG Partners Emerging Markets Equity Fund	7.51%	9.67%	6.00%	28.47%	-21.01%	-2.52%	33.74%	20.92%	2.90%
DEMGX DFA Emerging Markets Targeted Value Portfolio	7.31%	24.27%	4.62%	17.19%	-12.98%	14.64%	8.55%	11.08%	0.38%

Correlation

The correlation between GQGPX and DEMGX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (3Y) Balances recent behavior with more history.	0.68
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018	0.74

The correlation between GQGPX and DEMGX shifts across timeframes, from 0.62 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GQGPX vs. DEMGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GQGPX

GQGPX Risk / Return Rank: 43
GQGPX Sharpe Ratio Rank: 48
GQGPX Sortino Ratio Rank: 49
GQGPX Omega Ratio Rank: 45
GQGPX Calmar Ratio Rank: 41
GQGPX Martin Ratio Rank: 32

DEMGX

DEMGX Risk / Return Rank: 26
DEMGX Sharpe Ratio Rank: 26
DEMGX Sortino Ratio Rank: 25
DEMGX Omega Ratio Rank: 26
DEMGX Calmar Ratio Rank: 28
DEMGX Martin Ratio Rank: 27

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GQGPX vs. DEMGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GQG Partners Emerging Markets Equity Fund (GQGPX) and DFA Emerging Markets Targeted Value Portfolio (DEMGX). 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.

	GQGPX	DEMGX	Difference
Sharpe ratio: Return per unit of total volatility	1.28	0.88	+0.41
Sortino ratio: Return per unit of downside risk	1.88	1.28	+0.61
Omega ratio: Gain probability vs. loss probability	1.23	1.17	+0.06
Calmar ratio: Return relative to maximum drawdown	1.62	1.26	+0.36
Martin ratio: Return relative to average drawdown	4.53	3.83	+0.70

GQGPX vs. DEMGX - Sharpe Ratio Comparison

The current GQGPX Sharpe Ratio is 1.28, which is higher than the DEMGX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of GQGPX and DEMGX, 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

GQGPX vs. DEMGX - Drawdown Comparison

The maximum GQGPX drawdown since its inception was -33.68%, smaller than the maximum DEMGX drawdown of -42.40%. Use the drawdown chart below to compare losses from any high point for GQGPX and DEMGX.

Drawdown Indicators

	GQGPX	DEMGX	Difference
Max Drawdown Largest peak-to-trough decline	-33.68%	-42.40%	+8.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.12%	-11.10%	+1.98%
Max Drawdown (3Y) Largest decline over 3 years	-18.83%	-17.68%	-1.15%
Max Drawdown (5Y) Largest decline over 5 years	-28.16%	-25.12%	-3.04%
Current Drawdown Current decline from peak	-3.11%	-8.59%	+5.48%
Average Drawdown Average peak-to-trough decline	-11.42%	-7.52%	-3.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	3.63%	-0.38%

Volatility

GQGPX vs. DEMGX - Volatility Comparison

The current volatility for GQG Partners Emerging Markets Equity Fund (GQGPX) is 3.03%, while DFA Emerging Markets Targeted Value Portfolio (DEMGX) has a volatility of 5.88%. This indicates that GQGPX experiences smaller price fluctuations and is considered to be less risky than DEMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GQGPX	DEMGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	5.88%	-2.85%
Volatility (6M) Calculated over the trailing 6-month period	9.71%	14.08%	-4.37%
Volatility (1Y) Calculated over the trailing 1-year period	11.51%	15.89%	-4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.61%	13.94%	+0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.85%	15.94%	-0.09%

GQGPX vs. DEMGX - Expense Ratio Comparison

GQGPX has a 1.22% expense ratio, which is higher than DEMGX's 0.66% expense ratio.

Dividends

GQGPX vs. DEMGX - Dividend Comparison

GQGPX's dividend yield for the trailing twelve months is around 1.78%, less than DEMGX's 4.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DEMGX DFA Emerging Markets Targeted Value Portfolio	4.64%	4.98%	4.60%	5.21%	4.28%	10.93%	2.23%	3.17%	0.08%	0.00%
GQGPX GQG Partners Emerging Markets Equity Fund	1.78%	1.91%	1.50%	2.54%	5.52%	3.78%	0.15%	1.06%	0.59%	0.17%

Frequently Asked Questions

Can I hold both GQGPX and DEMGX in my portfolio?

GQGPX and DEMGX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GQGPX or DEMGX?

DEMGX has higher volatility (5.88%) compared to GQGPX (3.03%). In terms of maximum drawdown, GQGPX dropped -33.68% vs DEMGX's -42.40%.

Which has better risk-adjusted returns?

GQGPX currently has the higher Sharpe Ratio (1.28 vs 0.88), 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.