IESGX vs. GQRIX

Last updated Jul 14, 2026

IESGX (Sit ESG Growth Fund) and GQRIX (GQG Partners Global Quality Equity Fund Institutional Shares) are both Global Equities funds. Over the past 5 years, IESGX returned 10.12%/yr vs 9.17%/yr for GQRIX. A 0.72 correlation means they provide meaningful diversification when combined. IESGX charges 1.00%/yr vs 0.75%/yr for GQRIX.

Performance

IESGX vs. GQRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sit ESG Growth Fund (IESGX) and GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with IESGX having a 7.08% return and GQRIX slightly lower at 6.95%.

IESGX

• 1D: 0.39%
• 1M: 2.03%
• 6M: 5.24%
• YTD: 7.08%
• 1Y: 16.62%
• 3Y*: 18.32%
• 5Y*: 10.12%
• 10Y*: 12.08%

GQRIX

• 1D: 0.22%
• 1M: -0.43%
• 6M: 7.69%
• YTD: 6.95%
• 1Y: 7.11%
• 3Y*: 12.43%
• 5Y*: 9.17%
• 10Y*: —

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

IESGX vs. GQRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IESGX Sit ESG Growth Fund	7.08%	19.65%	19.59%	26.67%	-21.08%	19.93%	15.91%	15.29%
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares	6.95%	0.91%	20.18%	19.79%	-3.64%	17.13%	14.75%	12.84%

Correlation

The correlation between IESGX and GQRIX is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Mar 29, 2019	0.72

The correlation between IESGX and GQRIX shifts across timeframes, from -0.02 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IESGX vs. GQRIX — Risk / Return Rank

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

IESGX

IESGX Risk / Return Rank: 35
IESGX Sharpe Ratio Rank: 34
IESGX Sortino Ratio Rank: 35
IESGX Omega Ratio Rank: 34
IESGX Calmar Ratio Rank: 32
IESGX Martin Ratio Rank: 39

GQRIX

GQRIX Risk / Return Rank: 15
GQRIX Sharpe Ratio Rank: 15
GQRIX Sortino Ratio Rank: 15
GQRIX Omega Ratio Rank: 14
GQRIX Calmar Ratio Rank: 17
GQRIX Martin Ratio Rank: 13

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.

IESGX vs. GQRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sit ESG Growth Fund (IESGX) and GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IESGX	GQRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	0.78	+0.51
Sortino ratio: Return per unit of downside risk	1.87	1.18	+0.69
Omega ratio: Gain probability vs. loss probability	1.23	1.14	+0.10
Calmar ratio: Return relative to maximum drawdown	1.68	1.06	+0.62
Martin ratio: Return relative to average drawdown	6.71	2.52	+4.19

IESGX vs. GQRIX - Sharpe Ratio Comparison

The current IESGX Sharpe Ratio is 1.29, which is higher than the GQRIX Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of IESGX and GQRIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IESGX vs. GQRIX - Drawdown Comparison

The maximum IESGX drawdown since its inception was -32.15%, which is greater than GQRIX's maximum drawdown of -28.86%. Use the drawdown chart below to compare losses from any high point for IESGX and GQRIX.

Drawdown Indicators

	IESGX	GQRIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.15%	-28.86%	-3.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.65%	-7.00%	-2.65%
Max Drawdown (3Y) Largest decline over 3 years	-15.86%	-16.47%	+0.61%
Max Drawdown (5Y) Largest decline over 5 years	-29.64%	-20.29%	-9.35%
Max Drawdown (10Y) Largest decline over 10 years	-32.15%	—	—
Current Drawdown Current decline from peak	-1.06%	-4.17%	+3.11%
Average Drawdown Average peak-to-trough decline	-5.05%	-4.90%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	2.94%	-0.53%

Volatility

IESGX vs. GQRIX - Volatility Comparison

The current volatility for Sit ESG Growth Fund (IESGX) is 3.68%, while GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) has a volatility of 3.94%. This indicates that IESGX experiences smaller price fluctuations and is considered to be less risky than GQRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IESGX	GQRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	3.94%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	7.57%	+2.59%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	9.50%	+3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.20%	14.73%	+1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.74%	17.20%	-0.46%

IESGX vs. GQRIX - Expense Ratio Comparison

IESGX has a 1.00% expense ratio, which is higher than GQRIX's 0.75% expense ratio.

Dividends

IESGX vs. GQRIX - Dividend Comparison

IESGX's dividend yield for the trailing twelve months is around 1.11%, less than GQRIX's 7.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares	7.43%	7.94%	6.46%	1.39%	2.99%	1.65%	0.11%	0.04%	0.00%	0.00%	0.00%
IESGX Sit ESG Growth Fund	1.11%	1.19%	0.06%	0.77%	3.29%	1.43%	0.58%	1.54%	1.41%	0.91%	0.21%

Frequently Asked Questions

Can I hold both IESGX and GQRIX in my portfolio?

IESGX and GQRIX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IESGX or GQRIX?

GQRIX has higher volatility (3.94%) compared to IESGX (3.68%). In terms of maximum drawdown, IESGX dropped -32.15% vs GQRIX's -28.86%.

Which has better risk-adjusted returns?

IESGX currently has the higher Sharpe Ratio (1.29 vs 0.78), 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.