NACP vs. GQGU
NACP (Impact Shares NAACP Minority Empowerment ETF) and GQGU (GQG US Equity ETF) are both Large Cap Growth Equities funds. NACP is passively managed, while GQGU is actively managed. At a correlation of -0.14, they often move in opposite directions. Both charge a 0.49% expense ratio.
Performance
NACP vs. GQGU - Performance Comparison
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Returns By Period
In the year-to-date period, NACP achieves a 22.35% return, which is significantly higher than GQGU's 6.44% return.
NACP
- 1D
- 0.14%
- 1M
- 8.57%
- YTD
- 22.35%
- 6M
- 21.44%
- 1Y
- 44.11%
- 3Y*
- 27.38%
- 5Y*
- 16.01%
- 10Y*
- —
GQGU
- 1D
- -0.15%
- 1M
- -1.69%
- YTD
- 6.44%
- 6M
- 7.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NACP vs. GQGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NACP Impact Shares NAACP Minority Empowerment ETF | 22.35% | 12.54% |
GQGU GQG US Equity ETF | 6.44% | -1.14% |
Correlation
The correlation between NACP and GQGU is -0.14, 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 15, 2025 | -0.14 |
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Return for Risk
NACP vs. GQGU — Risk / Return Rank
NACP
GQGU
NACP vs. GQGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Impact Shares NAACP Minority Empowerment ETF (NACP) 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.
| NACP | GQGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.54 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | — | — |
| Martin ratioReturn relative to average drawdown | 20.18 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NACP | GQGU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.16 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.58 | +0.35 |
Drawdowns
NACP vs. GQGU - Drawdown Comparison
The maximum NACP drawdown since its inception was -30.96%, which is greater than GQGU's maximum drawdown of -6.65%. Use the drawdown chart below to compare losses from any high point for NACP and GQGU.
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Drawdown Indicators
| NACP | GQGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.96% | -6.65% | -24.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.89% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.80% | +4.80% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -2.55% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | — | — |
Volatility
NACP vs. GQGU - Volatility Comparison
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Volatility by Period
| NACP | GQGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.13% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.02% | 10.12% | +3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 10.12% | +7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.69% | 10.12% | +8.57% |
NACP vs. GQGU - Expense Ratio Comparison
Both NACP and GQGU have an expense ratio of 0.49%.
Dividends
NACP vs. GQGU - Dividend Comparison
NACP's dividend yield for the trailing twelve months is around 0.55%, less than GQGU's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GQGU GQG US Equity ETF | 0.96% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NACP Impact Shares NAACP Minority Empowerment ETF | 0.55% | 0.62% | 2.96% | 1.28% | 3.48% | 3.06% | 1.48% | 1.22% | 0.71% |
Frequently Asked Questions
NACP and GQGU have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NACP and GQGU have the same expense ratio: 0.49% per year.
GQGU has the higher dividend yield at 0.96%, compared with 0.55% for NACP.
They also come from different issuers: Impact Shares and GQG Partners.
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