LPEFX vs. GQFPX
LPEFX (ALPS/Red Rocks Global Opportunity Fund) and GQFPX (GQG Partners Global Quality Dividend Income Fund) are both mutual funds - LPEFX is a Global Equities fund managed by ALPS, while GQFPX is a Quality Factor fund managed by GQG Partners. Over the past 5 years, LPEFX returned 1.78%/yr vs 10.69%/yr for GQFPX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. LPEFX charges 1.46%/yr vs 0.86%/yr for GQFPX.
Performance
LPEFX vs. GQFPX - Performance Comparison
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Returns By Period
In the year-to-date period, LPEFX achieves a -4.57% return, which is significantly lower than GQFPX's 11.44% return.
LPEFX
- 1D
- 0.74%
- 1M
- 3.43%
- 6M
- -3.38%
- YTD
- -4.57%
- 1Y
- -4.98%
- 3Y*
- 8.10%
- 5Y*
- 1.78%
- 10Y*
- 9.61%
- ALL TIME*
- 4.30%
GQFPX
- 1D
- -0.15%
- 1M
- 2.98%
- 6M
- 5.11%
- YTD
- 11.44%
- 1Y
- 17.84%
- 3Y*
- 14.02%
- 5Y*
- 10.69%
- 10Y*
- —
- ALL TIME*
- 10.55%
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 |
LPEFX vs. GQFPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LPEFX ALPS/Red Rocks Global Opportunity Fund | -4.57% | 1.25% | 17.78% | 28.31% | -28.82% | 8.33% |
GQFPX GQG Partners Global Quality Dividend Income Fund | 11.44% | 19.29% | 4.81% | 15.09% | -1.13% | 5.03% |
Correlation
The correlation between LPEFX and GQFPX is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
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 | 0.55 |
Over the past year, the correlation between LPEFX and GQFPX has dropped to 0.10 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
LPEFX vs. GQFPX — Risk / Return Rank
LPEFX
GQFPX
LPEFX vs. GQFPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Red Rocks Global Opportunity Fund (LPEFX) 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.
| LPEFX | GQFPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.31 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.88 | -3.17 |
| Martin ratioReturn relative to average drawdown | -0.63 | 7.34 | -7.97 |
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Drawdowns
LPEFX vs. GQFPX - Drawdown Comparison
The maximum LPEFX drawdown since its inception was -77.00%, which is greater than GQFPX's maximum drawdown of -16.95%. Use the drawdown chart below to compare losses from any high point for LPEFX and GQFPX.
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Drawdown Indicators
| LPEFX | GQFPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.00% | -16.95% | -60.05% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | -6.28% | -15.26% |
Max Drawdown (3Y)Largest decline over 3 years | -22.00% | -10.57% | -11.43% |
Max Drawdown (5Y)Largest decline over 5 years | -49.19% | -16.95% | -32.24% |
Max Drawdown (10Y)Largest decline over 10 years | -49.19% | — | — |
Current DrawdownCurrent decline from peak | -16.60% | -1.60% | -15.00% |
Average DrawdownAverage peak-to-trough decline | -22.73% | -3.03% | -19.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.01% | 2.46% | +7.55% |
Volatility
LPEFX vs. GQFPX - Volatility Comparison
ALPS/Red Rocks Global Opportunity Fund (LPEFX) has a higher volatility of 4.82% compared to GQG Partners Global Quality Dividend Income Fund (GQFPX) at 3.17%. This indicates that LPEFX'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
| LPEFX | GQFPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 3.17% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 15.04% | 8.32% | +6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.44% | 10.18% | +8.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.65% | 12.78% | +11.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.69% | 12.80% | +9.89% |
LPEFX vs. GQFPX - Expense Ratio Comparison
LPEFX has a 1.46% expense ratio, which is higher than GQFPX's 0.86% expense ratio.
Dividends
LPEFX vs. GQFPX - Dividend Comparison
LPEFX's dividend yield for the trailing twelve months is around 16.11%, more than GQFPX's 5.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQFPX GQG Partners Global Quality Dividend Income Fund | 5.53% | 5.32% | 3.71% | 3.69% | 5.18% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LPEFX ALPS/Red Rocks Global Opportunity Fund | 16.11% | 15.38% | 15.95% | 5.56% | 0.00% | 26.79% | 3.96% | 21.96% | 4.58% | 13.29% | 1.55% | 8.21% |
Frequently Asked Questions
LPEFX and GQFPX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LPEFX has higher volatility (4.82%) compared to GQFPX (3.17%). In terms of maximum drawdown, LPEFX dropped -77.00% vs GQFPX's -16.95%.
GQFPX currently has the higher Sharpe Ratio (1.78 vs -0.34), 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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