GQRIX vs. ALGRX
Compare and contrast key facts about GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) and Alger Focus Equity Fund (ALGRX).
GQRIX is managed by GQG Partners Inc. It was launched on Mar 29, 2019. ALGRX is managed by Alger. It was launched on Nov 8, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GQRIX or ALGRX.
Correlation
The correlation between GQRIX and ALGRX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GQRIX vs. ALGRX - Performance Comparison
Key characteristics
GQRIX:
0.58
ALGRX:
2.17
GQRIX:
0.85
ALGRX:
2.70
GQRIX:
1.12
ALGRX:
1.38
GQRIX:
0.83
ALGRX:
2.99
GQRIX:
2.07
ALGRX:
12.72
GQRIX:
4.70%
ALGRX:
3.72%
GQRIX:
16.83%
ALGRX:
21.89%
GQRIX:
-28.86%
ALGRX:
-64.60%
GQRIX:
-2.52%
ALGRX:
-0.17%
Returns By Period
In the year-to-date period, GQRIX achieves a 9.55% return, which is significantly higher than ALGRX's 8.66% return.
GQRIX
9.55%
7.59%
1.01%
9.20%
12.92%
N/A
ALGRX
8.66%
4.78%
27.63%
48.48%
14.77%
13.93%
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GQRIX vs. ALGRX - Expense Ratio Comparison
GQRIX has a 0.75% expense ratio, which is lower than ALGRX's 0.89% expense ratio.
Risk-Adjusted Performance
GQRIX vs. ALGRX — Risk-Adjusted Performance Rank
GQRIX
ALGRX
GQRIX vs. ALGRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) and Alger Focus Equity Fund (ALGRX). 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.
Dividends
GQRIX vs. ALGRX - Dividend Comparison
GQRIX's dividend yield for the trailing twelve months is around 0.95%, while ALGRX has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares | 0.95% | 1.04% | 1.40% | 2.88% | 1.64% | 0.11% | 0.04% |
ALGRX Alger Focus Equity Fund | 0.00% | 0.00% | 0.10% | 0.07% | 0.00% | 0.00% | 0.16% |
Drawdowns
GQRIX vs. ALGRX - Drawdown Comparison
The maximum GQRIX drawdown since its inception was -28.86%, smaller than the maximum ALGRX drawdown of -64.60%. Use the drawdown chart below to compare losses from any high point for GQRIX and ALGRX. For additional features, visit the drawdowns tool.
Volatility
GQRIX vs. ALGRX - Volatility Comparison
The current volatility for GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) is 2.94%, while Alger Focus Equity Fund (ALGRX) has a volatility of 9.35%. This indicates that GQRIX experiences smaller price fluctuations and is considered to be less risky than ALGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.