GVALX vs. GQHPX

Last updated Jun 3, 2026

GVALX (Gotham Large Value Fund) and GQHPX (GQG Partners US Quality Dividend Income Fund) are both Large Cap Value Equities funds. Over the past 3 years, GVALX returned 15.98%/yr vs 12.06%/yr for GQHPX. A 0.72 correlation means they provide meaningful diversification when combined. GVALX charges 1.05%/yr vs 0.57%/yr for GQHPX.

Performance

GVALX vs. GQHPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham Large Value Fund (GVALX) and GQG Partners US Quality Dividend Income Fund (GQHPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with GVALX having a 9.39% return and GQHPX slightly higher at 9.60%.

GVALX

• 1D: -0.26%
• 1M: 1.45%
• YTD: 9.39%
• 6M: 11.51%
• 1Y: 21.27%
• 3Y*: 15.98%
• 5Y*: 9.36%
• 10Y*: —

GQHPX

• 1D: -0.21%
• 1M: -2.07%
• YTD: 9.60%
• 6M: 9.67%
• 1Y: 11.02%
• 3Y*: 12.06%
• 5Y*: —
• 10Y*: —

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

GVALX vs. GQHPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GVALX Gotham Large Value Fund	9.39%	13.83%	11.88%	11.74%	-6.84%	9.03%
GQHPX GQG Partners US Quality Dividend Income Fund	9.60%	7.53%	12.69%	3.94%	6.73%	10.34%

Correlation

The correlation between GVALX and GQHPX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.72

Over the past year, the correlation between GVALX and GQHPX has dropped to 0.37 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

Return for Risk

GVALX vs. GQHPX — Risk / Return Rank

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

GVALX

GVALX Risk / Return Rank: 47
GVALX Sharpe Ratio Rank: 43
GVALX Sortino Ratio Rank: 46
GVALX Omega Ratio Rank: 40
GVALX Calmar Ratio Rank: 57
GVALX Martin Ratio Rank: 48

GQHPX

GQHPX Risk / Return Rank: 24
GQHPX Sharpe Ratio Rank: 16
GQHPX Sortino Ratio Rank: 18
GQHPX Omega Ratio Rank: 15
GQHPX Calmar Ratio Rank: 44
GQHPX Martin Ratio Rank: 26

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.

GVALX vs. GQHPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham Large Value Fund (GVALX) and GQG Partners US Quality Dividend Income Fund (GQHPX). 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.

	GVALX	GQHPX	Difference
Sharpe ratio Return per unit of total volatility	1.94	1.17	+0.76
Sortino ratio Return per unit of downside risk	2.85	1.79	+1.06
Omega ratio Gain probability vs. loss probability	1.34	1.20	+0.14
Calmar ratio Return relative to maximum drawdown	2.89	2.55	+0.33
Martin ratio Return relative to average drawdown	10.03	6.43	+3.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GVALX vs. GQHPX - Sharpe Ratio Comparison

The current GVALX Sharpe Ratio is 1.94, which is higher than the GQHPX Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of GVALX and GQHPX, 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

	GVALX	GQHPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	1.17	+0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.83	-0.25

Drawdowns

GVALX vs. GQHPX - Drawdown Comparison

The maximum GVALX drawdown since its inception was -38.56%, which is greater than GQHPX's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for GVALX and GQHPX.

Drawdown Indicators

	GVALX	GQHPX	Difference
Max Drawdown Largest peak-to-trough decline	-38.56%	-17.26%	-21.30%
Max Drawdown (1Y) Largest decline over 1 year	-7.46%	-5.08%	-2.38%
Max Drawdown (3Y) Largest decline over 3 years	-15.66%	-8.71%	-6.95%
Max Drawdown (5Y) Largest decline over 5 years	-18.68%	—	—
Current Drawdown Current decline from peak	-0.26%	-4.07%	+3.81%
Average Drawdown Average peak-to-trough decline	-4.48%	-3.35%	-1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	2.02%	+0.13%

Volatility

GVALX vs. GQHPX - Volatility Comparison

The current volatility for Gotham Large Value Fund (GVALX) is 3.19%, while GQG Partners US Quality Dividend Income Fund (GQHPX) has a volatility of 3.44%. This indicates that GVALX experiences smaller price fluctuations and is considered to be less risky than GQHPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GVALX	GQHPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	3.44%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	8.06%	7.71%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	11.05%	9.78%	+1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	12.66%	+2.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.51%	12.66%	+6.85%

GVALX vs. GQHPX - Expense Ratio Comparison

GVALX has a 1.05% expense ratio, which is higher than GQHPX's 0.57% expense ratio.

Dividends

GVALX vs. GQHPX - Dividend Comparison

GVALX's dividend yield for the trailing twelve months is around 10.80%, more than GQHPX's 3.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GQHPX GQG Partners US Quality Dividend Income Fund	3.63%	2.98%	3.14%	2.64%	3.24%	0.77%	0.00%	0.00%
GVALX Gotham Large Value Fund	10.80%	11.81%	10.72%	9.77%	7.59%	18.49%	1.61%	2.40%

Frequently Asked Questions

Can I hold both GVALX and GQHPX in my portfolio?

GVALX and GQHPX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GVALX or GQHPX?

GQHPX has higher volatility (3.44%) compared to GVALX (3.19%). In terms of maximum drawdown, GVALX dropped -38.56% vs GQHPX's -17.26%.

Which has better risk-adjusted returns?

GVALX currently has the higher Sharpe Ratio (1.94 vs 1.17), 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.