GQRIX vs. RSP
Compare and contrast key facts about GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) and Invesco S&P 500® Equal Weight ETF (RSP).
GQRIX is managed by GQG Partners Inc. It was launched on Mar 29, 2019. RSP is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index. It was launched on Apr 30, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GQRIX or RSP.
Correlation
The correlation between GQRIX and RSP 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.
Performance
GQRIX vs. RSP - Performance Comparison
Key characteristics
GQRIX:
0.58
RSP:
1.48
GQRIX:
0.85
RSP:
2.09
GQRIX:
1.12
RSP:
1.26
GQRIX:
0.83
RSP:
2.28
GQRIX:
2.07
RSP:
6.12
GQRIX:
4.70%
RSP:
2.73%
GQRIX:
16.83%
RSP:
11.30%
GQRIX:
-28.86%
RSP:
-59.92%
GQRIX:
-2.52%
RSP:
-2.40%
Returns By Period
In the year-to-date period, GQRIX achieves a 9.55% return, which is significantly higher than RSP's 4.13% return.
GQRIX
9.55%
7.59%
1.01%
9.20%
12.92%
N/A
RSP
4.13%
1.35%
7.25%
15.81%
10.96%
10.13%
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GQRIX vs. RSP - Expense Ratio Comparison
GQRIX has a 0.75% expense ratio, which is higher than RSP's 0.20% expense ratio.
Risk-Adjusted Performance
GQRIX vs. RSP — Risk-Adjusted Performance Rank
GQRIX
RSP
GQRIX vs. RSP - 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 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.
Dividends
GQRIX vs. RSP - Dividend Comparison
GQRIX's dividend yield for the trailing twelve months is around 0.95%, less than RSP's 1.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares | 0.95% | 1.04% | 1.40% | 2.88% | 1.64% | 0.11% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RSP Invesco S&P 500® Equal Weight ETF | 1.46% | 1.52% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% |
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. For additional features, visit the drawdowns tool.
Volatility
GQRIX vs. RSP - Volatility Comparison
GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) has a higher volatility of 2.94% compared to Invesco S&P 500® Equal Weight ETF (RSP) at 2.61%. This indicates that GQRIX's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.