GQRIX vs. FMIEX

Last updated Jul 15, 2026

GQRIX (GQG Partners Global Quality Equity Fund Institutional Shares) and FMIEX (Wasatch Global Value Fund Investor Class Shares) are both Global Equities funds. Over the past 5 years, GQRIX returned 9.17%/yr vs 12.42%/yr for FMIEX. A 0.59 correlation means they provide meaningful diversification when combined. GQRIX charges 0.75%/yr vs 1.10%/yr for FMIEX.

Performance

GQRIX vs. FMIEX - 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 Wasatch Global Value Fund Investor Class Shares (FMIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GQRIX achieves a 6.95% return, which is significantly lower than FMIEX's 13.85% return.

GQRIX

• 1D: 0.22%
• 1M: -0.43%
• 6M: 7.69%
• YTD: 6.95%
• 1Y: 7.11%
• 3Y*: 12.43%
• 5Y*: 9.17%
• 10Y*: —

FMIEX

• 1D: 0.24%
• 1M: -0.35%
• 6M: 11.25%
• YTD: 13.85%
• 1Y: 26.68%
• 3Y*: 18.84%
• 5Y*: 12.42%
• 10Y*: 11.15%

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

GQRIX vs. FMIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares	6.95%	0.91%	20.18%	19.79%	-3.64%	17.13%	14.75%	12.84%
FMIEX Wasatch Global Value Fund Investor Class Shares	13.85%	30.93%	8.66%	5.67%	-0.12%	25.11%	2.04%	7.31%

Correlation

The correlation between GQRIX and FMIEX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Mar 29, 2019	0.59

The correlation between GQRIX and FMIEX shifts across timeframes, from 0.43 (3 years) to 0.61 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GQRIX vs. FMIEX — Risk / Return Rank

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

GQRIX

GQRIX Risk / Return Rank: 15
GQRIX Sharpe Ratio Rank: 15
GQRIX Sortino Ratio Rank: 15
GQRIX Omega Ratio Rank: 14
GQRIX Calmar Ratio Rank: 17
GQRIX Martin Ratio Rank: 13

FMIEX

FMIEX Risk / Return Rank: 92
FMIEX Sharpe Ratio Rank: 96
FMIEX Sortino Ratio Rank: 94
FMIEX Omega Ratio Rank: 88
FMIEX Calmar Ratio Rank: 92
FMIEX Martin Ratio Rank: 93

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. FMIEX - 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 Wasatch Global Value Fund Investor Class Shares (FMIEX). 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.

	GQRIX	FMIEX	Difference
Sharpe ratio: Return per unit of total volatility	0.78	2.82	-2.04
Sortino ratio: Return per unit of downside risk	1.18	4.12	-2.94
Omega ratio: Gain probability vs. loss probability	1.14	1.50	-0.36
Calmar ratio: Return relative to maximum drawdown	1.06	3.84	-2.78
Martin ratio: Return relative to average drawdown	2.52	14.69	-12.17

GQRIX vs. FMIEX - Sharpe Ratio Comparison

The current GQRIX Sharpe Ratio is 0.78, which is lower than the FMIEX Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of GQRIX and FMIEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GQRIX vs. FMIEX - Drawdown Comparison

The maximum GQRIX drawdown since its inception was -28.86%, smaller than the maximum FMIEX drawdown of -49.85%. Use the drawdown chart below to compare losses from any high point for GQRIX and FMIEX.

Drawdown Indicators

	GQRIX	FMIEX	Difference
Max Drawdown Largest peak-to-trough decline	-28.86%	-49.85%	+20.99%
Max Drawdown (1Y) Largest decline over 1 year	-7.00%	-7.04%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-16.47%	-9.52%	-6.95%
Max Drawdown (5Y) Largest decline over 5 years	-20.29%	-18.63%	-1.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.33%	—
Current Drawdown Current decline from peak	-4.17%	-0.67%	-3.50%
Average Drawdown Average peak-to-trough decline	-4.90%	-6.56%	+1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	1.84%	+1.10%

Volatility

GQRIX vs. FMIEX - Volatility Comparison

GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) has a higher volatility of 3.94% compared to Wasatch Global Value Fund Investor Class Shares (FMIEX) at 3.00%. This indicates that GQRIX's price experiences larger fluctuations and is considered to be riskier than FMIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GQRIX	FMIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	3.00%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	7.57%	7.55%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	9.50%	9.59%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.73%	12.65%	+2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.20%	15.65%	+1.55%

GQRIX vs. FMIEX - Expense Ratio Comparison

GQRIX has a 0.75% expense ratio, which is lower than FMIEX's 1.10% expense ratio.

Dividends

GQRIX vs. FMIEX - Dividend Comparison

GQRIX's dividend yield for the trailing twelve months is around 7.43%, more than FMIEX's 5.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMIEX Wasatch Global Value Fund Investor Class Shares	5.03%	5.76%	9.02%	3.27%	8.54%	4.34%	1.74%	3.82%	18.46%	16.45%	5.16%	11.75%
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares	7.43%	7.94%	6.46%	1.39%	2.99%	1.65%	0.11%	0.04%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GQRIX and FMIEX in my portfolio?

GQRIX and FMIEX have a correlation of 0.49, 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 FMIEX?

GQRIX has higher volatility (3.94%) compared to FMIEX (3.00%). In terms of maximum drawdown, GQRIX dropped -28.86% vs FMIEX's -49.85%.

Which has better risk-adjusted returns?

FMIEX currently has the higher Sharpe Ratio (2.82 vs 0.78), 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.