NITE vs. GQGU

Last updated Jun 4, 2026

NITE (The Nightview Fund) and GQGU (GQG US Equity ETF) are both Large Cap Growth Equities funds. Both are actively managed. At a correlation of -0.20, they often move in opposite directions. NITE charges 1.25%/yr vs 0.49%/yr for GQGU.

Performance

NITE vs. GQGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Nightview Fund (NITE) 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, NITE achieves a 7.26% return, which is significantly higher than GQGU's 6.60% return.

NITE

• 1D: -2.04%
• 1M: 7.69%
• YTD: 7.26%
• 6M: 7.89%
• 1Y: 31.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GQGU

• 1D: -1.06%
• 1M: -1.65%
• YTD: 6.60%
• 6M: 7.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NITE vs. GQGU - Yearly Performance Comparison

	2026 (YTD)	2025
NITE The Nightview Fund	7.26%	15.76%
GQGU GQG US Equity ETF	6.60%	-1.14%

Correlation

The correlation between NITE and GQGU is -0.20, 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	-0.20

Return for Risk

NITE vs. GQGU — Risk / Return Rank

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

NITE

NITE Risk / Return Rank: 44
NITE Sharpe Ratio Rank: 46
NITE Sortino Ratio Rank: 44
NITE Omega Ratio Rank: 43
NITE Calmar Ratio Rank: 43
NITE Martin Ratio Rank: 43

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.

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.

	NITE	GQGU	Difference
Sharpe ratio: Return per unit of total volatility	1.57	—	—
Sortino ratio: Return per unit of downside risk	2.15	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.10	—	—
Martin ratio: Return relative to average drawdown	6.84	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NITE	GQGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.60	+0.40

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 -6.65%. Use the drawdown chart below to compare losses from any high point for NITE and GQGU.

Drawdown Indicators

	NITE	GQGU	Difference
Max Drawdown Largest peak-to-trough decline	-29.57%	-6.65%	-22.92%
Max Drawdown (1Y) Largest decline over 1 year	-15.16%	—	—
Current Drawdown Current decline from peak	-3.20%	-4.66%	+1.46%
Average Drawdown Average peak-to-trough decline	-5.34%	-2.54%	-2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.64%	—	—

Volatility

Volatility by Period

	NITE	GQGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.28%	10.14%	+10.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.73%	10.14%	+16.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.73%	10.14%	+16.59%

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

Can I hold both NITE and GQGU in my portfolio?

NITE and GQGU have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NITE 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, NITE or GQGU?

GQGU is cheaper with a 0.49% expense ratio, compared with 1.25% for NITE.

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

GQGU has the higher dividend yield at 0.96%, compared with 0.00% for NITE.

What is the main difference between NITE and GQGU?

They also come from different issuers: Nightview and GQG Partners. Their fees differ too: 1.25% for NITE and 0.49% for GQGU.