NALFX vs. GQRIX
NALFX (New Alternatives Fund) and GQRIX (GQG Partners Global Quality Equity Fund Institutional Shares) are both mutual funds - NALFX is a Global Equities fund managed by New Alternatives, while GQRIX is a Quality Factor fund managed by GQG Partners. Over the past 5 years, NALFX returned 1.76%/yr vs 9.35%/yr for GQRIX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. NALFX charges 0.89%/yr vs 0.75%/yr for GQRIX.
Performance
NALFX vs. GQRIX - Performance Comparison
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Returns By Period
In the year-to-date period, NALFX achieves a 13.25% return, which is significantly higher than GQRIX's 8.04% return.
NALFX
- 1D
- -0.14%
- 1M
- -2.84%
- 6M
- 8.44%
- YTD
- 13.25%
- 1Y
- 21.21%
- 3Y*
- 9.72%
- 5Y*
- 1.76%
- 10Y*
- 9.67%
- ALL TIME*
- 7.45%
GQRIX
- 1D
- 0.70%
- 1M
- 1.13%
- 6M
- 4.33%
- YTD
- 8.04%
- 1Y
- 10.20%
- 3Y*
- 12.27%
- 5Y*
- 9.35%
- 10Y*
- —
- ALL TIME*
- 11.98%
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 |
NALFX vs. GQRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NALFX New Alternatives Fund | 13.25% | 28.13% | -6.03% | -2.49% | -15.87% | -4.78% | 61.74% | 20.83% |
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares | 8.04% | 0.91% | 20.18% | 19.79% | -3.64% | 17.13% | 14.75% | 12.84% |
Correlation
The correlation between NALFX and GQRIX is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2019 | 0.51 |
Over the past year, the correlation between NALFX and GQRIX has dropped to 0.12 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
NALFX vs. GQRIX — Risk / Return Rank
NALFX
GQRIX
NALFX vs. GQRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for New Alternatives Fund (NALFX) 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.
| NALFX | GQRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 1.40 | +1.29 |
| Martin ratioReturn relative to average drawdown | 7.68 | 3.19 | +4.50 |
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Drawdowns
NALFX vs. GQRIX - Drawdown Comparison
The maximum NALFX drawdown since its inception was -59.67%, which is greater than GQRIX's maximum drawdown of -28.86%. Use the drawdown chart below to compare losses from any high point for NALFX and GQRIX.
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Drawdown Indicators
| NALFX | GQRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.67% | -28.86% | -30.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -7.00% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -18.99% | -16.47% | -2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -38.03% | -20.29% | -17.74% |
Max Drawdown (10Y)Largest decline over 10 years | -42.35% | — | — |
Current DrawdownCurrent decline from peak | -5.03% | -3.19% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -14.79% | -4.89% | -9.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 3.08% | -0.45% |
Volatility
NALFX vs. GQRIX - Volatility Comparison
New Alternatives Fund (NALFX) has a higher volatility of 4.04% compared to GQG Partners Global Quality Equity Fund Institutional Shares (GQRIX) at 2.77%. This indicates that NALFX's price experiences larger fluctuations and is considered to be riskier than GQRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NALFX | GQRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 2.77% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | 7.53% | +5.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.45% | 9.47% | +5.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.89% | 14.67% | +3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 17.14% | +0.85% |
NALFX vs. GQRIX - Expense Ratio Comparison
NALFX has a 0.89% expense ratio, which is higher than GQRIX's 0.75% expense ratio.
Dividends
NALFX vs. GQRIX - Dividend Comparison
NALFX's dividend yield for the trailing twelve months is around 1.03%, less than GQRIX's 7.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares | 7.35% | 7.94% | 6.46% | 1.39% | 2.99% | 1.65% | 0.11% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
NALFX New Alternatives Fund | 1.03% | 1.17% | 2.04% | 4.47% | 4.63% | 5.14% | 4.93% | 5.55% | 6.62% | 4.16% | 3.71% | 1.71% |
Frequently Asked Questions
NALFX and GQRIX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NALFX has higher volatility (4.04%) compared to GQRIX (2.77%). In terms of maximum drawdown, NALFX dropped -59.67% vs GQRIX's -28.86%.
NALFX currently has the higher Sharpe Ratio (1.31 vs 1.04), 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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