NITE vs. GQGU
NITE (The Nightview Fund) and GQGU (GQG US Equity ETF) are both Large Cap Growth Equities funds. Both are actively managed. Over the past year, NITE returned 18.13% vs 5.18% for GQGU. At a correlation of -0.23, they often move in opposite directions. NITE charges 1.25%/yr vs 0.49%/yr for GQGU.
Performance
NITE vs. GQGU - Performance Comparison
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Returns By Period
In the year-to-date period, NITE achieves a 2.47% return, which is significantly lower than GQGU's 5.70% return.
NITE
- 1D
- 0.73%
- 1M
- -1.85%
- 6M
- -1.21%
- YTD
- 2.47%
- 1Y
- 18.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GQGU
- 1D
- -0.23%
- 1M
- 0.43%
- 6M
- 4.64%
- YTD
- 5.70%
- 1Y
- 5.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NITE vs. GQGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NITE The Nightview Fund | 2.47% | 16.43% |
GQGU GQG US Equity ETF | 5.70% | -1.12% |
Correlation
The correlation between NITE and GQGU is -0.23, 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 (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | -0.23 |
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Return for Risk
NITE vs. GQGU — Risk / Return Rank
NITE
GQGU
NITE vs. GQGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Nightview Fund (NITE) 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.
| NITE | GQGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.09 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 0.62 | +0.58 |
| Martin ratioReturn relative to average drawdown | 3.38 | 1.50 | +1.88 |
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Drawdowns
NITE vs. GQGU - Drawdown Comparison
The maximum NITE drawdown since its inception was -29.57%, which is greater than GQGU's maximum drawdown of -8.41%. Use the drawdown chart below to compare losses from any high point for NITE and GQGU.
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Drawdown Indicators
| NITE | GQGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.57% | -8.41% | -21.16% |
Max Drawdown (1Y)Largest decline over 1 year | -15.16% | -8.41% | -6.75% |
Current DrawdownCurrent decline from peak | -7.52% | -5.46% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -5.48% | -2.90% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 3.46% | +1.92% |
Volatility
NITE vs. GQGU - Volatility Comparison
The Nightview Fund (NITE) has a higher volatility of 5.96% compared to GQG US Equity ETF (GQGU) at 4.50%. This indicates that NITE's price experiences larger fluctuations and is considered to be riskier than GQGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NITE | GQGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 4.50% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 16.19% | 8.53% | +7.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.76% | 10.73% | +10.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.51% | 10.71% | +15.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.51% | 10.71% | +15.80% |
NITE vs. GQGU - Expense Ratio Comparison
NITE has a 1.25% expense ratio, which is higher than GQGU's 0.49% expense ratio.
Dividends
NITE vs. GQGU - Dividend Comparison
NITE has not paid dividends to shareholders, while GQGU's dividend yield for the trailing twelve months is around 0.96%.
| Position | TTM | 2025 |
|---|---|---|
GQGU GQG US Equity ETF | 0.96% | 1.02% |
NITE The Nightview Fund | 0.00% | 0.00% |
Frequently Asked Questions
NITE and GQGU 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.
NITE has higher volatility (5.96%) compared to GQGU (4.50%). In terms of maximum drawdown, NITE dropped -29.57% vs GQGU's -8.41%.
On 1-year performance, NITE leads with 18.13% vs 5.18% for GQGU. On fees, GQGU is cheaper at 0.49% per year. On volatility, GQGU has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NITE has performed better with a 18.13% return vs 5.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GQGU is cheaper with a 0.49% expense ratio, compared with 1.25% for NITE.
GQGU has the higher dividend yield at 0.96%, compared with 0.00% for NITE.
They also come from different issuers: Nightview and GQG Partners. Their fees differ too: 1.25% for NITE and 0.49% for GQGU.
NITE currently has the higher Sharpe Ratio (0.88 vs 0.49), 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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