GQHPX vs. USBOX

Last updated Aug 5, 2026

GQHPX (GQG Partners US Quality Dividend Income Fund) and USBOX (Pear Tree Quality Fund) are both Quality Factor funds. Over the past 5 years, GQHPX returned 10.80%/yr vs 9.17%/yr for USBOX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. GQHPX charges 0.57%/yr vs 1.16%/yr for USBOX.

Performance

GQHPX vs. USBOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GQG Partners US Quality Dividend Income Fund (GQHPX) and Pear Tree Quality Fund (USBOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GQHPX achieves a 13.47% return, which is significantly higher than USBOX's 8.81% return.

GQHPX

• 1D: -0.07%
• 1M: 2.61%
• 6M: 5.92%
• YTD: 13.47%
• 1Y: 16.08%
• 3Y*: 12.52%
• 5Y*: 10.80%
• 10Y*: —
• ALL TIME*: 10.76%

USBOX

• 1D: 1.39%
• 1M: 1.96%
• 6M: 7.74%
• YTD: 8.81%
• 1Y: 20.54%
• 3Y*: 16.63%
• 5Y*: 9.17%
• 10Y*: 13.63%
• ALL TIME*: 8.67%

*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)
GQHPX GQG Partners US Quality Dividend Income Fund	$0.00	$0.00	$0.00
USBOX Pear Tree Quality Fund	$0.00	$0.00	$0.00

GQHPX vs. USBOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GQHPX GQG Partners US Quality Dividend Income Fund	13.47%	7.53%	12.69%	3.94%	6.73%	10.34%
USBOX Pear Tree Quality Fund	8.81%	15.77%	17.99%	29.20%	-16.25%	-0.54%

Correlation

The correlation between GQHPX and USBOX is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.13
Correlation (3Y) Balances recent behavior with more history.	0.35
Correlation (5Y) Shows whether the relationship held over a longer period.	0.51
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.51

The correlation between GQHPX and USBOX shifts across timeframes, from -0.13 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GQHPX vs. USBOX — Risk / Return Rank

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

GQHPX

GQHPX Risk / Return Rank: 54
GQHPX Sharpe Ratio Rank: 50
GQHPX Sortino Ratio Rank: 57
GQHPX Omega Ratio Rank: 44
GQHPX Calmar Ratio Rank: 73
GQHPX Martin Ratio Rank: 44

USBOX

USBOX Risk / Return Rank: 53
USBOX Sharpe Ratio Rank: 65
USBOX Sortino Ratio Rank: 62
USBOX Omega Ratio Rank: 55
USBOX Calmar Ratio Rank: 38
USBOX Martin Ratio Rank: 44

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.

GQHPX vs. USBOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GQG Partners US Quality Dividend Income Fund (GQHPX) and Pear Tree Quality Fund (USBOX). 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.

	GQHPX	USBOX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.73	-0.20
Sortino ratio: Return per unit of downside risk	2.32	2.42	-0.10
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	2.59	1.76	+0.83
Martin ratio: Return relative to average drawdown	6.90	6.89	+0.01

GQHPX vs. USBOX - Sharpe Ratio Comparison

The current GQHPX Sharpe Ratio is 1.53, which is comparable to the USBOX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of GQHPX and USBOX, 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

GQHPX vs. USBOX - Drawdown Comparison

The maximum GQHPX drawdown since its inception was -17.26%, smaller than the maximum USBOX drawdown of -65.67%. Use the drawdown chart below to compare losses from any high point for GQHPX and USBOX.

Drawdown Indicators

	GQHPX	USBOX	Difference
Max Drawdown Largest peak-to-trough decline	-17.26%	-65.67%	+48.41%
Max Drawdown (1Y) Largest decline over 1 year	-6.50%	-12.76%	+6.26%
Max Drawdown (3Y) Largest decline over 3 years	-8.71%	-15.41%	+6.70%
Max Drawdown (5Y) Largest decline over 5 years	-17.26%	-30.42%	+13.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.42%	—
Current Drawdown Current decline from peak	-1.09%	0.00%	-1.09%
Average Drawdown Average peak-to-trough decline	-3.34%	-17.04%	+13.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	3.25%	-0.82%

Volatility

GQHPX vs. USBOX - Volatility Comparison

GQG Partners US Quality Dividend Income Fund (GQHPX) and Pear Tree Quality Fund (USBOX) have volatilities of 3.79% and 3.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GQHPX	USBOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	3.79%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	9.03%	10.41%	-1.38%
Volatility (1Y) Calculated over the trailing 1-year period	11.04%	13.07%	-2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.73%	16.16%	-3.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.73%	17.16%	-4.43%

GQHPX vs. USBOX - Expense Ratio Comparison

GQHPX has a 0.57% expense ratio, which is lower than USBOX's 1.16% expense ratio.

Dividends

GQHPX vs. USBOX - Dividend Comparison

GQHPX's dividend yield for the trailing twelve months is around 3.66%, less than USBOX's 26.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GQHPX GQG Partners US Quality Dividend Income Fund	3.66%	2.98%	3.14%	2.64%	3.24%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USBOX Pear Tree Quality Fund	26.81%	29.17%	8.71%	4.37%	14.55%	0.88%	7.47%	19.65%	15.43%	6.92%	6.19%	12.85%

Frequently Asked Questions

Can I hold both GQHPX and USBOX in my portfolio?

GQHPX and USBOX have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GQHPX or USBOX?

USBOX has higher volatility (3.79%) compared to GQHPX (3.79%). In terms of maximum drawdown, GQHPX dropped -17.26% vs USBOX's -65.67%.

Which has better risk-adjusted returns?

USBOX currently has the higher Sharpe Ratio (1.73 vs 1.53), 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.