GQRIX vs. RSP

Last updated Jun 3, 2026

GQRIX (GQG Partners Global Quality Equity Fund Institutional Shares) and RSP (Invesco S&P 500 Equal Weight ETF) are both funds - GQRIX is a Global Equities fund managed by GQG Partners Inc, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Over the past 5 years, GQRIX returned 9.89%/yr vs 8.52%/yr for RSP. A 0.64 correlation means they provide meaningful diversification when combined. GQRIX charges 0.75%/yr vs 0.20%/yr for RSP.

Performance

GQRIX vs. RSP - 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 Invesco S&P 500 Equal Weight ETF (RSP). 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 RSP's 10.12% return.

GQRIX

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

RSP

• 1D: 0.40%
• 1M: 3.56%
• YTD: 10.12%
• 6M: 11.44%
• 1Y: 20.95%
• 3Y*: 15.37%
• 5Y*: 8.52%
• 10Y*: 11.90%

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

GQRIX vs. RSP - 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%
RSP Invesco S&P 500 Equal Weight ETF	10.12%	11.21%	12.79%	13.70%	-11.62%	29.41%	12.66%	12.29%

Correlation

The correlation between GQRIX and RSP is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Apr 1, 2019	0.64

Over the past year, the correlation between GQRIX and RSP has dropped to 0.32 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

Return for Risk

GQRIX vs. RSP — 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

RSP

RSP Risk / Return Rank: 54
RSP Sharpe Ratio Rank: 52
RSP Sortino Ratio Rank: 54
RSP Omega Ratio Rank: 51
RSP Calmar Ratio Rank: 53
RSP Martin Ratio Rank: 57

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. RSP - 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 Invesco S&P 500 Equal Weight ETF (RSP). 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	RSP	Difference
Sharpe ratio Return per unit of total volatility	0.91	1.82	-0.91
Sortino ratio Return per unit of downside risk	1.36	2.63	-1.27
Omega ratio Gain probability vs. loss probability	1.16	1.32	-0.16
Calmar ratio Return relative to maximum drawdown	1.69	2.68	-0.99
Martin ratio Return relative to average drawdown	3.59	10.20	-6.61
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. RSP - Sharpe Ratio Comparison

The current GQRIX Sharpe Ratio is 0.91, which is lower than the RSP Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of GQRIX and RSP, 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	RSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	1.82	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.53	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.57	+0.14

Drawdowns

GQRIX vs. RSP - Drawdown Comparison

The maximum GQRIX drawdown since its inception was -28.86%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for GQRIX and RSP.

Drawdown Indicators

	GQRIX	RSP	Difference
Max Drawdown Largest peak-to-trough decline	-28.86%	-59.92%	+31.06%
Max Drawdown (1Y) Largest decline over 1 year	-5.40%	-7.85%	+2.45%
Max Drawdown (3Y) Largest decline over 3 years	-16.47%	-17.81%	+1.34%
Max Drawdown (5Y) Largest decline over 5 years	-20.29%	-21.38%	+1.09%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.04%	—
Current Drawdown Current decline from peak	-3.50%	0.00%	-3.50%
Average Drawdown Average peak-to-trough decline	-4.91%	-6.65%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	2.06%	+0.48%

Volatility

GQRIX vs. RSP - Volatility Comparison

GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) and Invesco S&P 500 Equal Weight ETF (RSP) have volatilities of 2.70% and 2.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GQRIX	RSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	2.61%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	6.93%	8.31%	-1.38%
Volatility (1Y) Calculated over the trailing 1-year period	8.98%	11.56%	-2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.67%	16.18%	-1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.26%	18.36%	-1.10%

GQRIX vs. RSP - Expense Ratio Comparison

GQRIX has a 0.75% expense ratio, which is higher than RSP's 0.20% expense ratio.

Dividends

GQRIX vs. RSP - Dividend Comparison

GQRIX's dividend yield for the trailing twelve months is around 7.38%, more than RSP's 1.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
RSP Invesco S&P 500 Equal Weight ETF	1.48%	1.64%	1.52%	1.64%	1.82%	1.28%	1.64%	1.69%	2.02%	1.52%	1.20%	1.70%

Frequently Asked Questions

Can I hold both GQRIX and RSP in my portfolio?

GQRIX and RSP have a correlation of 0.32, 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 RSP?

GQRIX has higher volatility (2.70%) compared to RSP (2.61%). In terms of maximum drawdown, GQRIX dropped -28.86% vs RSP's -59.92%.

Which has better risk-adjusted returns?

RSP currently has the higher Sharpe Ratio (1.82 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.