LGRO vs. GQGU

Last updated Jun 26, 2026

LGRO (Level Four Large Cap Growth Active ETF) and GQGU (GQG US Equity ETF) are both Large Cap Growth Equities funds. Both are actively managed. At a correlation of -0.24, they often move in opposite directions. LGRO charges 0.50%/yr vs 0.49%/yr for GQGU.

Performance

LGRO vs. GQGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Level Four Large Cap Growth Active ETF (LGRO) and GQG US Equity ETF (GQGU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGRO achieves a 2.90% return, which is significantly lower than GQGU's 4.64% return.

LGRO

• 1D: -0.07%
• 1M: -1.60%
• YTD: 2.90%
• 6M: 1.93%
• 1Y: 16.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GQGU

• 1D: 0.11%
• 1M: -2.32%
• YTD: 4.64%
• 6M: 4.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LGRO vs. GQGU - Yearly Performance Comparison

	2026 (YTD)	2025
LGRO Level Four Large Cap Growth Active ETF	2.90%	10.62%
GQGU GQG US Equity ETF	4.64%	-1.12%

Correlation

The correlation between LGRO and GQGU is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025	-0.24

Return for Risk

LGRO vs. GQGU — Risk / Return Rank

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

LGRO

LGRO Risk / Return Rank: 28
LGRO Sharpe Ratio Rank: 31
LGRO Sortino Ratio Rank: 29
LGRO Omega Ratio Rank: 29
LGRO Calmar Ratio Rank: 25
LGRO Martin Ratio Rank: 27

GQGU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

LGRO vs. GQGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Level Four Large Cap Growth Active ETF (LGRO) and GQG US Equity ETF (GQGU). 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.

	LGRO	GQGU	Difference
Sharpe ratio: Return per unit of total volatility	1.06	—	—
Sortino ratio: Return per unit of downside risk	1.50	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.12	—	—
Martin ratio: Return relative to average drawdown	3.52	—	—

Drawdowns

LGRO vs. GQGU - Drawdown Comparison

The maximum LGRO drawdown since its inception was -23.26%, which is greater than GQGU's maximum drawdown of -8.41%. Use the drawdown chart below to compare losses from any high point for LGRO and GQGU.

Drawdown Indicators

	LGRO	GQGU	Difference
Max Drawdown Largest peak-to-trough decline	-23.26%	-8.41%	-14.85%
Max Drawdown (1Y) Largest decline over 1 year	-15.24%	—	—
Current Drawdown Current decline from peak	-6.62%	-6.41%	-0.21%
Average Drawdown Average peak-to-trough decline	-3.42%	-2.74%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.83%	—	—

Volatility

Volatility by Period

	LGRO	GQGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.15%	10.50%	+5.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.34%	10.50%	+8.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.34%	10.50%	+8.84%

LGRO vs. GQGU - Expense Ratio Comparison

LGRO has a 0.50% expense ratio, which is higher than GQGU's 0.49% expense ratio.

Dividends

LGRO vs. GQGU - Dividend Comparison

LGRO's dividend yield for the trailing twelve months is around 0.37%, less than GQGU's 0.97% yield.

Position	TTM	2025	2024	2023
GQGU GQG US Equity ETF	0.97%	1.02%	0.00%	0.00%
LGRO Level Four Large Cap Growth Active ETF	0.37%	0.31%	0.39%	0.26%

Frequently Asked Questions

Can I hold both LGRO and GQGU in my portfolio?

LGRO and GQGU have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LGRO or GQGU?

On fees, GQGU is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LGRO or GQGU?

GQGU is cheaper with a 0.49% expense ratio, compared with 0.50% for LGRO.

Which ETF pays a higher dividend yield, LGRO or GQGU?

GQGU has the higher dividend yield at 0.97%, compared with 0.37% for LGRO.

What is the main difference between LGRO and GQGU?

They also come from different issuers: ALPS and GQG Partners. Their fees differ too: 0.50% for LGRO and 0.49% for GQGU.