GQJPX vs. FFEM
GQJPX (GQG Partners International Quality Dividend Income Fund) and FFEM (Fidelity Fundamental Emerging Markets ETF) are both funds - GQJPX is a Foreign Large Cap Equities fund managed by GQG Partners Inc, while FFEM is a Emerging Markets Diversified fund managed by Fidelity. Over the past year, GQJPX returned 13.01% vs 70.78% for FFEM. At a 0.46 correlation, their price movements are largely independent. GQJPX charges 0.91%/yr vs 0.60%/yr for FFEM.
Performance
GQJPX vs. FFEM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GQJPX achieves a 3.92% return, which is significantly lower than FFEM's 36.81% return.
GQJPX
- 1D
- -1.53%
- 1M
- -4.37%
- YTD
- 3.92%
- 6M
- 4.60%
- 1Y
- 13.01%
- 3Y*
- 14.69%
- 5Y*
- —
- 10Y*
- —
FFEM
- 1D
- 0.78%
- 1M
- 8.97%
- YTD
- 36.81%
- 6M
- 39.07%
- 1Y
- 70.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GQJPX vs. FFEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GQJPX GQG Partners International Quality Dividend Income Fund | 3.92% | 24.88% | -1.54% |
FFEM Fidelity Fundamental Emerging Markets ETF | 36.81% | 40.03% | -10.18% |
Correlation
The correlation between GQJPX and FFEM is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024 | 0.46 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GQJPX vs. FFEM — Risk / Return Rank
GQJPX
FFEM
GQJPX vs. FFEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GQG Partners International Quality Dividend Income Fund (GQJPX) and Fidelity Fundamental Emerging Markets ETF (FFEM). 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.
| GQJPX | FFEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.54 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 5.24 | -3.77 |
| Martin ratioReturn relative to average drawdown | 4.28 | 19.73 | -15.45 |
Loading charts...
Drawdowns
GQJPX vs. FFEM - Drawdown Comparison
The maximum GQJPX drawdown since its inception was -21.83%, which is greater than FFEM's maximum drawdown of -18.17%. Use the drawdown chart below to compare losses from any high point for GQJPX and FFEM.
Loading charts...
Drawdown Indicators
| GQJPX | FFEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -18.17% | -3.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -13.57% | +5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -9.45% | — | — |
Current DrawdownCurrent decline from peak | -7.23% | 0.00% | -7.23% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -3.59% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.60% | -0.66% |
Volatility
GQJPX vs. FFEM - Volatility Comparison
The current volatility for GQG Partners International Quality Dividend Income Fund (GQJPX) is 3.04%, while Fidelity Fundamental Emerging Markets ETF (FFEM) has a volatility of 11.41%. This indicates that GQJPX experiences smaller price fluctuations and is considered to be less risky than FFEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GQJPX | FFEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 11.41% | -8.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.57% | 21.25% | -12.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 23.65% | -13.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.95% | 24.04% | -11.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 24.04% | -11.09% |
GQJPX vs. FFEM - Expense Ratio Comparison
GQJPX has a 0.91% expense ratio, which is higher than FFEM's 0.60% expense ratio.
Dividends
GQJPX vs. FFEM - Dividend Comparison
GQJPX's dividend yield for the trailing twelve months is around 4.00%, more than FFEM's 1.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FFEM Fidelity Fundamental Emerging Markets ETF | 1.20% | 1.59% | 0.16% | 0.00% | 0.00% | 0.00% |
GQJPX GQG Partners International Quality Dividend Income Fund | 4.00% | 3.22% | 3.35% | 4.50% | 5.59% | 1.75% |
Frequently Asked Questions
GQJPX and FFEM have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFEM has higher volatility (11.41%) compared to GQJPX (3.04%). In terms of maximum drawdown, GQJPX dropped -21.83% vs FFEM's -18.17%.
FFEM currently has the higher Sharpe Ratio (3.01 vs 1.21), 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.
Find the right allocation for GQJPX and FFEM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer