IVGTX vs. GQFPX
IVGTX (VY Morgan Stanley Global Franchise Portfolio) and GQFPX (GQG Partners Global Quality Dividend Income Fund) are both mutual funds - IVGTX is a Global Equities fund managed by Voya, while GQFPX is a Quality Factor fund managed by GQG Partners. Over the past 5 years, IVGTX returned 1.00%/yr vs 10.72%/yr for GQFPX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. IVGTX charges 1.20%/yr vs 0.86%/yr for GQFPX.
Performance
IVGTX vs. GQFPX - Performance Comparison
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Returns By Period
In the year-to-date period, IVGTX achieves a -6.34% return, which is significantly lower than GQFPX's 11.60% return.
IVGTX
- 1D
- 0.27%
- 1M
- 2.43%
- 6M
- -3.38%
- YTD
- -6.34%
- 1Y
- -10.89%
- 3Y*
- 1.60%
- 5Y*
- 1.00%
- 10Y*
- 7.65%
- ALL TIME*
- 8.56%
GQFPX
- 1D
- -0.07%
- 1M
- 3.13%
- 6M
- 4.87%
- YTD
- 11.60%
- 1Y
- 18.02%
- 3Y*
- 13.78%
- 5Y*
- 10.72%
- 10Y*
- —
- ALL TIME*
- 10.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IVGTX vs. GQFPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IVGTX VY Morgan Stanley Global Franchise Portfolio | -6.34% | 0.16% | 8.63% | 16.01% | -17.63% | 10.45% |
GQFPX GQG Partners Global Quality Dividend Income Fund | 11.60% | 19.29% | 4.81% | 15.09% | -1.13% | 5.03% |
Correlation
The correlation between IVGTX and GQFPX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.53 |
Over the past year, the correlation between IVGTX and GQFPX has dropped to 0.23 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
IVGTX vs. GQFPX — Risk / Return Rank
IVGTX
GQFPX
IVGTX vs. GQFPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VY Morgan Stanley Global Franchise Portfolio (IVGTX) and GQG Partners Global Quality Dividend Income Fund (GQFPX). 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.
| IVGTX | GQFPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.71 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.30 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 2.80 | -3.43 |
| Martin ratioReturn relative to average drawdown | -1.11 | 7.14 | -8.25 |
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Drawdowns
IVGTX vs. GQFPX - Drawdown Comparison
The maximum IVGTX drawdown since its inception was -44.75%, which is greater than GQFPX's maximum drawdown of -16.95%. Use the drawdown chart below to compare losses from any high point for IVGTX and GQFPX.
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Drawdown Indicators
| IVGTX | GQFPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.75% | -16.95% | -27.80% |
Max Drawdown (1Y)Largest decline over 1 year | -19.34% | -6.28% | -13.06% |
Max Drawdown (3Y)Largest decline over 3 years | -20.45% | -10.57% | -9.88% |
Max Drawdown (5Y)Largest decline over 5 years | -26.27% | -16.95% | -9.32% |
Max Drawdown (10Y)Largest decline over 10 years | -30.16% | — | — |
Current DrawdownCurrent decline from peak | -12.94% | -1.46% | -11.48% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -3.03% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.48% | 2.45% | +9.03% |
Volatility
IVGTX vs. GQFPX - Volatility Comparison
VY Morgan Stanley Global Franchise Portfolio (IVGTX) has a higher volatility of 5.11% compared to GQG Partners Global Quality Dividend Income Fund (GQFPX) at 3.28%. This indicates that IVGTX's price experiences larger fluctuations and is considered to be riskier than GQFPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVGTX | GQFPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 3.28% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 8.32% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 10.18% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 12.78% | +3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.44% | 12.81% | +3.63% |
IVGTX vs. GQFPX - Expense Ratio Comparison
IVGTX has a 1.20% expense ratio, which is higher than GQFPX's 0.86% expense ratio.
Dividends
IVGTX vs. GQFPX - Dividend Comparison
IVGTX's dividend yield for the trailing twelve months is around 67.21%, more than GQFPX's 5.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQFPX GQG Partners Global Quality Dividend Income Fund | 5.52% | 5.32% | 3.71% | 3.69% | 5.18% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVGTX VY Morgan Stanley Global Franchise Portfolio | 67.21% | 42.80% | 10.28% | 8.24% | 10.69% | 8.69% | 8.32% | 11.20% | 17.80% | 7.06% | 10.12% | 14.63% |
Frequently Asked Questions
IVGTX and GQFPX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVGTX has higher volatility (5.11%) compared to GQFPX (3.28%). In terms of maximum drawdown, IVGTX dropped -44.75% vs GQFPX's -16.95%.
GQFPX currently has the higher Sharpe Ratio (1.73 vs -0.92), 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.
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