GQRPX vs. FXAIX

Last updated Jun 3, 2026

GQRPX (GQG Partners Global Quality Equity Fund) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - GQRPX is a Global Equities fund managed by GQG Partners, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, GQRPX returned 9.69%/yr vs 14.17%/yr for FXAIX. A 0.74 correlation means they provide meaningful diversification when combined. GQRPX charges 0.97%/yr vs 0.02%/yr for FXAIX.

Performance

GQRPX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GQG Partners Global Quality Equity Fund (GQRPX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GQRPX achieves a 7.60% return, which is significantly lower than FXAIX's 11.56% return.

GQRPX

• 1D: 0.05%
• 1M: -0.85%
• YTD: 7.60%
• 6M: 7.75%
• 1Y: 7.40%
• 3Y*: 14.00%
• 5Y*: 9.69%
• 10Y*: —

FXAIX

• 1D: 0.27%
• 1M: 5.24%
• YTD: 11.56%
• 6M: 11.94%
• 1Y: 29.57%
• 3Y*: 22.70%
• 5Y*: 14.17%
• 10Y*: 15.65%

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

GQRPX vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GQRPX GQG Partners Global Quality Equity Fund	7.60%	0.67%	19.98%	19.56%	-3.77%	16.94%	14.55%	12.70%
FXAIX Fidelity 500 Index Fund	11.56%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	15.69%

Correlation

The correlation between GQRPX and FXAIX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Apr 1, 2019	0.74

Over the past year, the correlation between GQRPX and FXAIX has dropped to 0.09 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Return for Risk

GQRPX vs. FXAIX — Risk / Return Rank

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

GQRPX

GQRPX Risk / Return Rank: 12
GQRPX Sharpe Ratio Rank: 11
GQRPX Sortino Ratio Rank: 11
GQRPX Omega Ratio Rank: 9
GQRPX Calmar Ratio Rank: 19
GQRPX Martin Ratio Rank: 11

FXAIX

FXAIX Risk / Return Rank: 75
FXAIX Sharpe Ratio Rank: 77
FXAIX Sortino Ratio Rank: 69
FXAIX Omega Ratio Rank: 69
FXAIX Calmar Ratio Rank: 74
FXAIX Martin Ratio Rank: 84

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.

GQRPX vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GQG Partners Global Quality Equity Fund (GQRPX) and Fidelity 500 Index Fund (FXAIX). 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.

	GQRPX	FXAIX	Difference
Sharpe ratio Return per unit of total volatility	0.89	2.55	-1.66
Sortino ratio Return per unit of downside risk	1.33	3.46	-2.13
Omega ratio Gain probability vs. loss probability	1.15	1.46	-0.31
Calmar ratio Return relative to maximum drawdown	1.67	3.39	-1.72
Martin ratio Return relative to average drawdown	3.49	15.86	-12.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GQRPX vs. FXAIX - Sharpe Ratio Comparison

The current GQRPX Sharpe Ratio is 0.89, which is lower than the FXAIX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of GQRPX and FXAIX, 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

	GQRPX	FXAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	2.55	-1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.84	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.82	-0.12

Drawdowns

GQRPX vs. FXAIX - Drawdown Comparison

The maximum GQRPX drawdown since its inception was -28.88%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for GQRPX and FXAIX.

Drawdown Indicators

	GQRPX	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.88%	-33.79%	+4.91%
Max Drawdown (1Y) Largest decline over 1 year	-5.37%	-8.89%	+3.52%
Max Drawdown (3Y) Largest decline over 3 years	-16.49%	-18.76%	+2.27%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	-24.50%	+4.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	-3.51%	0.00%	-3.51%
Average Drawdown Average peak-to-trough decline	-4.96%	-3.79%	-1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	1.90%	+0.67%

Volatility

GQRPX vs. FXAIX - Volatility Comparison

GQG Partners Global Quality Equity Fund (GQRPX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 2.70% and 2.82%, 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

	GQRPX	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	2.82%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	6.95%	8.99%	-2.04%
Volatility (1Y) Calculated over the trailing 1-year period	9.04%	11.88%	-2.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.69%	16.91%	-2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.27%	18.07%	-0.80%

GQRPX vs. FXAIX - Expense Ratio Comparison

GQRPX has a 0.97% expense ratio, which is higher than FXAIX's 0.02% expense ratio.

Dividends

GQRPX vs. FXAIX - Dividend Comparison

GQRPX's dividend yield for the trailing twelve months is around 7.06%, more than FXAIX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXAIX Fidelity 500 Index Fund	1.03%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%
GQRPX GQG Partners Global Quality Equity Fund	7.06%	7.60%	6.35%	1.22%	2.93%	1.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GQRPX and FXAIX in my portfolio?

GQRPX and FXAIX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GQRPX or FXAIX?

FXAIX has higher volatility (2.82%) compared to GQRPX (2.70%). In terms of maximum drawdown, GQRPX dropped -28.88% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FXAIX currently has the higher Sharpe Ratio (2.55 vs 0.89), 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.