GQRIX vs. APFDX

Last updated Apr 2, 2026

Compare and contrast key facts about GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) and Artisan Global Discovery Fund (APFDX).

GQRIX is managed by GQG Partners Inc. It was launched on Mar 29, 2019. APFDX is managed by Artisan. It was launched on Aug 20, 2017.

Performance

GQRIX vs. APFDX - 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 Artisan Global Discovery Fund (APFDX). The values are adjusted to include any dividend payments, if applicable.

GQRIX vs. APFDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares	7.87%	0.91%	20.18%	19.79%	-3.64%	17.13%	14.75%	12.84%
APFDX Artisan Global Discovery Fund	-5.45%	12.07%	16.11%	20.66%	-31.14%	12.04%	45.70%	20.18%

Returns By Period

In the year-to-date period, GQRIX achieves a 7.87% return, which is significantly higher than APFDX's -5.45% return.

GQRIX

• 1D: 0.11%
• 1M: -2.69%
• YTD: 7.87%
• 6M: 7.23%
• 1Y: 7.92%
• 3Y*: 17.11%
• 5Y*: 11.55%
• 10Y*: —

APFDX

• 1D: 4.09%
• 1M: -8.34%
• YTD: -5.45%
• 6M: -3.93%
• 1Y: 9.62%
• 3Y*: 10.00%
• 5Y*: 3.10%
• 10Y*: —

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

GQRIX vs. APFDX - Expense Ratio Comparison

GQRIX has a 0.75% expense ratio, which is lower than APFDX's 1.38% expense ratio.

APFDX

Artisan Global Discovery Fund

GQRIX

GQG Partners Global Quality Equity Fund Institutional Shares

Return for Risk

GQRIX vs. APFDX — Risk / Return Rank

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

GQRIX

GQRIX Risk / Return Rank: 26
GQRIX Sharpe Ratio Rank: 25
GQRIX Sortino Ratio Rank: 22
GQRIX Omega Ratio Rank: 22
GQRIX Calmar Ratio Rank: 31
GQRIX Martin Ratio Rank: 30

APFDX

APFDX Risk / Return Rank: 17
APFDX Sharpe Ratio Rank: 18
APFDX Sortino Ratio Rank: 18
APFDX Omega Ratio Rank: 16
APFDX Calmar Ratio Rank: 16
APFDX Martin Ratio Rank: 18

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. APFDX - 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 Artisan Global Discovery Fund (APFDX). 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	APFDX	Difference
Sharpe ratio Return per unit of total volatility	0.68	0.55	+0.13
Sortino ratio Return per unit of downside risk	0.97	0.88	+0.08
Omega ratio Gain probability vs. loss probability	1.14	1.12	+0.03
Calmar ratio Return relative to maximum drawdown	0.97	0.56	+0.41
Martin ratio Return relative to average drawdown	3.48	2.19	+1.29
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. APFDX - Sharpe Ratio Comparison

The current GQRIX Sharpe Ratio is 0.68, which is comparable to the APFDX Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of GQRIX and APFDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GQRIX	APFDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	0.55	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.15	+0.64
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.54	+0.19

Correlation

The correlation between GQRIX and APFDX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GQRIX vs. APFDX - Dividend Comparison

GQRIX's dividend yield for the trailing twelve months is around 7.36%, less than APFDX's 20.76% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares	7.36%	7.94%	6.46%	1.39%	2.99%	1.65%	0.11%	0.04%	0.00%	0.00%
APFDX Artisan Global Discovery Fund	20.76%	19.63%	0.87%	0.00%	0.00%	7.91%	1.88%	0.00%	0.51%	0.62%

Drawdowns

GQRIX vs. APFDX - Drawdown Comparison

The maximum GQRIX drawdown since its inception was -28.86%, smaller than the maximum APFDX drawdown of -40.83%. Use the drawdown chart below to compare losses from any high point for GQRIX and APFDX.

Drawdown Indicators

	GQRIX	APFDX	Difference
Max Drawdown Largest peak-to-trough decline	-28.86%	-40.83%	+11.97%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-13.18%	+4.38%
Max Drawdown (5Y) Largest decline over 5 years	-20.29%	-40.83%	+20.54%
Current Drawdown Current decline from peak	-3.35%	-9.63%	+6.28%
Average Drawdown Average peak-to-trough decline	-4.94%	-10.88%	+5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	3.36%	-0.83%

Volatility

GQRIX vs. APFDX - Volatility Comparison

The current volatility for GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) is 3.09%, while Artisan Global Discovery Fund (APFDX) has a volatility of 8.04%. This indicates that GQRIX experiences smaller price fluctuations and is considered to be less risky than APFDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GQRIX	APFDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	8.04%	-4.95%
Volatility (6M) Calculated over the trailing 6-month period	6.73%	12.39%	-5.66%
Volatility (1Y) Calculated over the trailing 1-year period	11.89%	18.45%	-6.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.69%	20.40%	-5.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.40%	20.47%	-3.07%