GQHPX vs. VALAX

Last updated Jun 5, 2026

GQHPX (GQG Partners US Quality Dividend Income Fund) and VALAX (Al Frank Fund) are both Large Cap Value Equities funds. Over the past 3 years, GQHPX returned 12.04%/yr vs 24.78%/yr for VALAX. A 0.62 correlation means they provide meaningful diversification when combined. GQHPX charges 0.57%/yr vs 1.24%/yr for VALAX.

Performance

GQHPX vs. VALAX - Performance Comparison

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

Returns By Period

In the year-to-date period, GQHPX achieves a 9.53% return, which is significantly lower than VALAX's 22.82% return.

GQHPX

• 1D: -0.56%
• 1M: -1.73%
• YTD: 9.53%
• 6M: 10.43%
• 1Y: 12.47%
• 3Y*: 12.04%
• 5Y*: —
• 10Y*: —

VALAX

• 1D: -0.25%
• 1M: 5.59%
• YTD: 22.82%
• 6M: 23.96%
• 1Y: 52.25%
• 3Y*: 24.78%
• 5Y*: 11.55%
• 10Y*: 14.37%

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

GQHPX vs. VALAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GQHPX GQG Partners US Quality Dividend Income Fund	9.53%	7.53%	12.69%	3.94%	6.73%	10.34%
VALAX Al Frank Fund	22.82%	23.57%	13.35%	14.05%	-13.50%	4.40%

Correlation

The correlation between GQHPX and VALAX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.62

Over the past year, the correlation between GQHPX and VALAX has dropped to 0.10 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

Return for Risk

GQHPX vs. VALAX — Risk / Return Rank

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

GQHPX

GQHPX Risk / Return Rank: 22
GQHPX Sharpe Ratio Rank: 17
GQHPX Sortino Ratio Rank: 18
GQHPX Omega Ratio Rank: 15
GQHPX Calmar Ratio Rank: 36
GQHPX Martin Ratio Rank: 23

VALAX

VALAX Risk / Return Rank: 95
VALAX Sharpe Ratio Rank: 98
VALAX Sortino Ratio Rank: 95
VALAX Omega Ratio Rank: 91
VALAX Calmar Ratio Rank: 96
VALAX Martin Ratio Rank: 96

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.

GQHPX vs. VALAX - Risk-Adjusted Trends Comparison

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

	GQHPX	VALAX	Difference
Sharpe ratio: Return per unit of total volatility	1.15	3.83	-2.67
Sortino ratio: Return per unit of downside risk	1.77	5.15	-3.39
Omega ratio: Gain probability vs. loss probability	1.20	1.68	-0.48
Calmar ratio: Return relative to maximum drawdown	2.22	6.10	-3.88
Martin ratio: Return relative to average drawdown	5.51	24.38	-18.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GQHPX vs. VALAX - Sharpe Ratio Comparison

The current GQHPX Sharpe Ratio is 1.15, which is lower than the VALAX Sharpe Ratio of 3.83. The chart below compares the historical Sharpe Ratios of GQHPX and VALAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GQHPX	VALAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	3.83	-2.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.44	+0.39

Drawdowns

GQHPX vs. VALAX - Drawdown Comparison

The maximum GQHPX drawdown since its inception was -17.26%, smaller than the maximum VALAX drawdown of -61.26%. Use the drawdown chart below to compare losses from any high point for GQHPX and VALAX.

Drawdown Indicators

	GQHPX	VALAX	Difference
Max Drawdown Largest peak-to-trough decline	-17.26%	-61.26%	+44.00%
Max Drawdown (1Y) Largest decline over 1 year	-5.08%	-8.56%	+3.48%
Max Drawdown (3Y) Largest decline over 3 years	-8.71%	-25.81%	+17.10%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.22%	—
Current Drawdown Current decline from peak	-4.14%	-0.25%	-3.89%
Average Drawdown Average peak-to-trough decline	-3.35%	-10.75%	+7.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	2.14%	-0.09%

Volatility

GQHPX vs. VALAX - Volatility Comparison

The current volatility for GQG Partners US Quality Dividend Income Fund (GQHPX) is 3.51%, while Al Frank Fund (VALAX) has a volatility of 4.09%. This indicates that GQHPX experiences smaller price fluctuations and is considered to be less risky than VALAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GQHPX	VALAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	4.09%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	7.73%	10.71%	-2.98%
Volatility (1Y) Calculated over the trailing 1-year period	9.79%	13.67%	-3.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.65%	17.78%	-5.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.65%	19.34%	-6.69%

GQHPX vs. VALAX - Expense Ratio Comparison

GQHPX has a 0.57% expense ratio, which is lower than VALAX's 1.24% expense ratio.

Dividends

GQHPX vs. VALAX - Dividend Comparison

GQHPX's dividend yield for the trailing twelve months is around 3.64%, less than VALAX's 7.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GQHPX GQG Partners US Quality Dividend Income Fund	3.64%	2.98%	3.14%	2.64%	3.24%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VALAX Al Frank Fund	7.05%	8.65%	10.32%	5.95%	8.62%	6.83%	7.17%	13.51%	10.73%	10.66%	5.32%	9.53%

Frequently Asked Questions

Can I hold both GQHPX and VALAX in my portfolio?

GQHPX and VALAX 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, GQHPX or VALAX?

VALAX has higher volatility (4.09%) compared to GQHPX (3.51%). In terms of maximum drawdown, GQHPX dropped -17.26% vs VALAX's -61.26%.

Which has better risk-adjusted returns?

VALAX currently has the higher Sharpe Ratio (3.83 vs 1.15), 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.