GQRIX vs. FSGGX
Compare and contrast key facts about GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) and Fidelity Global ex U.S. Index Fund (FSGGX).
GQRIX is managed by GQG Partners Inc. It was launched on Mar 29, 2019. FSGGX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI (All Country World Index) ex USA Index. It was launched on Aug 9, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GQRIX or FSGGX.
Key characteristics
| GQRIX | FSGGX | |
|---|---|---|
| YTD Return | 24.35% | 9.52% |
| 1Y Return | 32.25% | 16.29% |
| 3Y Return (Ann) | 13.40% | 1.56% |
| 5Y Return (Ann) | 15.84% | 6.40% |
| Sharpe Ratio | 2.04 | 1.44 |
| Daily Std Dev | 16.27% | 12.17% |
| Max Drawdown | -28.86% | -34.76% |
| Current Drawdown | -2.98% | -1.53% |
Correlation
The correlation between GQRIX and FSGGX is 0.75, 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. FSGGX - Performance Comparison
In the year-to-date period, GQRIX achieves a 24.35% return, which is significantly higher than FSGGX's 9.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GQRIX vs. FSGGX - Expense Ratio Comparison
GQRIX has a 0.75% expense ratio, which is higher than FSGGX's 0.06% expense ratio.
Risk-Adjusted Performance
GQRIX vs. FSGGX - 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 Fidelity Global ex U.S. Index Fund (FSGGX). 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. FSGGX - Dividend Comparison
GQRIX's dividend yield for the trailing twelve months is around 1.12%, less than FSGGX's 2.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares | 1.12% | 1.39% | 2.99% | 1.65% | 0.11% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSGGX Fidelity Global ex U.S. Index Fund | 2.70% | 2.95% | 2.64% | 2.60% | 1.71% | 2.85% | 2.66% | 2.31% | 2.11% | 2.44% | 2.61% | 3.42% |
Drawdowns
GQRIX vs. FSGGX - Drawdown Comparison
The maximum GQRIX drawdown since its inception was -28.86%, smaller than the maximum FSGGX drawdown of -34.76%. Use the drawdown chart below to compare losses from any high point for GQRIX and FSGGX. For additional features, visit the drawdowns tool.
Volatility
GQRIX vs. FSGGX - Volatility Comparison
The current volatility for GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) is 3.20%, while Fidelity Global ex U.S. Index Fund (FSGGX) has a volatility of 4.02%. This indicates that GQRIX experiences smaller price fluctuations and is considered to be less risky than FSGGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.