GQRIX vs. ALGRX

Last updated Jun 3, 2026

GQRIX (GQG Partners Global Quality Equity Fund Institutional Shares) and ALGRX (Alger Focus Equity Fund) are both mutual funds - GQRIX is a Global Equities fund managed by GQG Partners Inc, while ALGRX is a Large Cap Growth Equities fund managed by Alger. Over the past 5 years, GQRIX returned 9.89%/yr vs 20.85%/yr for ALGRX. A 0.68 correlation means they provide meaningful diversification when combined. GQRIX charges 0.75%/yr vs 0.89%/yr for ALGRX.

Performance

GQRIX vs. ALGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) and Alger Focus Equity Fund (ALGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GQRIX achieves a 7.70% return, which is significantly lower than ALGRX's 17.14% return.

GQRIX

• 1D: 0.05%
• 1M: -0.85%
• YTD: 7.70%
• 6M: 7.86%
• 1Y: 7.63%
• 3Y*: 14.21%
• 5Y*: 9.89%
• 10Y*: —

ALGRX

• 1D: -0.54%
• 1M: 8.94%
• YTD: 17.14%
• 6M: 16.72%
• 1Y: 50.33%
• 3Y*: 41.62%
• 5Y*: 20.85%
• 10Y*: 21.82%

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

GQRIX vs. ALGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares	7.70%	0.91%	20.18%	19.79%	-3.64%	17.13%	14.75%	12.84%
ALGRX Alger Focus Equity Fund	17.14%	39.68%	51.77%	44.20%	-35.94%	20.06%	45.82%	15.71%

Correlation

The correlation between GQRIX and ALGRX is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Apr 1, 2019	0.68

The correlation between GQRIX and ALGRX shifts across timeframes, from -0.12 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GQRIX vs. ALGRX — Risk / Return Rank

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

GQRIX

GQRIX Risk / Return Rank: 13
GQRIX Sharpe Ratio Rank: 11
GQRIX Sortino Ratio Rank: 11
GQRIX Omega Ratio Rank: 10
GQRIX Calmar Ratio Rank: 20
GQRIX Martin Ratio Rank: 11

ALGRX

ALGRX Risk / Return Rank: 57
ALGRX Sharpe Ratio Rank: 71
ALGRX Sortino Ratio Rank: 54
ALGRX Omega Ratio Rank: 51
ALGRX Calmar Ratio Rank: 60
ALGRX Martin Ratio Rank: 49

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.

GQRIX vs. ALGRX - Risk-Adjusted Trends 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.

	GQRIX	ALGRX	Difference
Sharpe ratio Return per unit of total volatility	0.91	2.45	-1.54
Sortino ratio Return per unit of downside risk	1.36	3.10	-1.73
Omega ratio Gain probability vs. loss probability	1.16	1.39	-0.24
Calmar ratio Return relative to maximum drawdown	1.69	2.98	-1.29
Martin ratio Return relative to average drawdown	3.59	10.15	-6.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GQRIX vs. ALGRX - Sharpe Ratio Comparison

The current GQRIX Sharpe Ratio is 0.91, which is lower than the ALGRX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of GQRIX and ALGRX, 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

	GQRIX	ALGRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	2.45	-1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.80	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.47	+0.25

Drawdowns

GQRIX vs. ALGRX - Drawdown Comparison

The maximum GQRIX drawdown since its inception was -28.86%, smaller than the maximum ALGRX drawdown of -62.64%. Use the drawdown chart below to compare losses from any high point for GQRIX and ALGRX.

Drawdown Indicators

	GQRIX	ALGRX	Difference
Max Drawdown Largest peak-to-trough decline	-28.86%	-62.64%	+33.78%
Max Drawdown (1Y) Largest decline over 1 year	-5.40%	-17.55%	+12.15%
Max Drawdown (3Y) Largest decline over 3 years	-16.47%	-26.96%	+10.49%
Max Drawdown (5Y) Largest decline over 5 years	-20.29%	-43.57%	+23.28%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.57%	—
Current Drawdown Current decline from peak	-3.50%	-0.54%	-2.96%
Average Drawdown Average peak-to-trough decline	-4.91%	-18.80%	+13.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	5.15%	-2.61%

Volatility

GQRIX vs. ALGRX - Volatility Comparison

The current volatility for GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) is 2.70%, while Alger Focus Equity Fund (ALGRX) has a volatility of 5.00%. 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.

Volatility by Period

	GQRIX	ALGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	5.00%	-2.30%
Volatility (6M) Calculated over the trailing 6-month period	6.93%	16.01%	-9.08%
Volatility (1Y) Calculated over the trailing 1-year period	8.98%	21.37%	-12.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.67%	26.16%	-11.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.26%	23.98%	-6.72%

GQRIX vs. ALGRX - Expense Ratio Comparison

GQRIX has a 0.75% expense ratio, which is lower than ALGRX's 0.89% expense ratio.

Dividends

GQRIX vs. ALGRX - Dividend Comparison

GQRIX's dividend yield for the trailing twelve months is around 7.38%, more than ALGRX's 6.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ALGRX Alger Focus Equity Fund	6.69%	7.84%	0.00%	0.10%	0.06%	13.98%	6.25%	2.08%	5.38%
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares	7.38%	7.94%	6.46%	1.39%	2.99%	1.65%	0.11%	0.04%	0.00%

Frequently Asked Questions

Can I hold both GQRIX and ALGRX in my portfolio?

GQRIX and ALGRX have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GQRIX or ALGRX?

ALGRX has higher volatility (5.00%) compared to GQRIX (2.70%). In terms of maximum drawdown, GQRIX dropped -28.86% vs ALGRX's -62.64%.

Which has better risk-adjusted returns?

ALGRX currently has the higher Sharpe Ratio (2.45 vs 0.91), 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.