NUESX vs. GQEIX

Last updated Jun 24, 2026

NUESX (Northern U.S. Quality ESG Fund) and GQEIX (GQG Partners US Select Quality Equity Fund) are both Large Cap Blend Equities funds. Over the past 5 years, NUESX returned 11.39%/yr vs 9.44%/yr for GQEIX. A 0.71 correlation means they provide meaningful diversification when combined. NUESX charges 0.39%/yr vs 0.49%/yr for GQEIX.

Performance

NUESX vs. GQEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern U.S. Quality ESG Fund (NUESX) and GQG Partners US Select Quality Equity Fund (GQEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUESX achieves a 7.10% return, which is significantly higher than GQEIX's 2.94% return.

NUESX

• 1D: -0.35%
• 1M: 0.22%
• YTD: 7.10%
• 6M: 5.97%
• 1Y: 21.85%
• 3Y*: 18.45%
• 5Y*: 11.39%
• 10Y*: —

GQEIX

• 1D: 0.39%
• 1M: -5.31%
• YTD: 2.94%
• 6M: 3.07%
• 1Y: 1.15%
• 3Y*: 12.29%
• 5Y*: 9.44%
• 10Y*: —

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

NUESX vs. GQEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NUESX Northern U.S. Quality ESG Fund	7.10%	15.33%	20.67%	25.22%	-18.85%	31.26%	20.20%	31.40%	-15.05%
GQEIX GQG Partners US Select Quality Equity Fund	2.94%	-4.31%	29.20%	17.77%	-2.69%	19.88%	23.88%	27.34%	-7.65%

Correlation

The correlation between NUESX and GQEIX is -0.10, 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	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018	0.71

The correlation between NUESX and GQEIX shifts across timeframes, from -0.10 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NUESX vs. GQEIX — Risk / Return Rank

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

NUESX

NUESX Risk / Return Rank: 46
NUESX Sharpe Ratio Rank: 44
NUESX Sortino Ratio Rank: 42
NUESX Omega Ratio Rank: 43
NUESX Calmar Ratio Rank: 45
NUESX Martin Ratio Rank: 56

GQEIX

GQEIX Risk / Return Rank: 4
GQEIX Sharpe Ratio Rank: 4
GQEIX Sortino Ratio Rank: 4
GQEIX Omega Ratio Rank: 4
GQEIX Calmar Ratio Rank: 4
GQEIX Martin Ratio Rank: 4

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.

NUESX vs. GQEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern U.S. Quality ESG Fund (NUESX) and GQG Partners US Select Quality Equity Fund (GQEIX). 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.

	NUESX	GQEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	0.22	+1.59
Sortino ratio: Return per unit of downside risk	2.53	0.38	+2.15
Omega ratio: Gain probability vs. loss probability	1.32	1.04	+0.28
Calmar ratio: Return relative to maximum drawdown	2.46	0.27	+2.19
Martin ratio: Return relative to average drawdown	10.72	0.70	+10.02

NUESX vs. GQEIX - Sharpe Ratio Comparison

The current NUESX Sharpe Ratio is 1.80, which is higher than the GQEIX Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of NUESX and GQEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NUESX vs. GQEIX - Drawdown Comparison

The maximum NUESX drawdown since its inception was -33.33%, which is greater than GQEIX's maximum drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for NUESX and GQEIX.

Drawdown Indicators

	NUESX	GQEIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.33%	-28.48%	-4.85%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-8.45%	-0.96%
Max Drawdown (3Y) Largest decline over 3 years	-19.41%	-18.92%	-0.49%
Max Drawdown (5Y) Largest decline over 5 years	-24.96%	-20.44%	-4.52%
Current Drawdown Current decline from peak	-1.70%	-11.97%	+10.27%
Average Drawdown Average peak-to-trough decline	-5.20%	-5.77%	+0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	3.27%	-1.13%

Volatility

NUESX vs. GQEIX - Volatility Comparison

Northern U.S. Quality ESG Fund (NUESX) has a higher volatility of 4.23% compared to GQG Partners US Select Quality Equity Fund (GQEIX) at 3.66%. This indicates that NUESX's price experiences larger fluctuations and is considered to be riskier than GQEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUESX	GQEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	3.66%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	8.00%	+2.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	10.50%	+2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	15.91%	+1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.63%	18.72%	+0.91%

NUESX vs. GQEIX - Expense Ratio Comparison

NUESX has a 0.39% expense ratio, which is lower than GQEIX's 0.49% expense ratio.

Dividends

NUESX vs. GQEIX - Dividend Comparison

NUESX's dividend yield for the trailing twelve months is around 11.88%, more than GQEIX's 7.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GQEIX GQG Partners US Select Quality Equity Fund	7.16%	7.38%	5.41%	0.63%	4.50%	1.50%	0.67%	0.65%	0.12%
NUESX Northern U.S. Quality ESG Fund	11.88%	12.68%	1.50%	1.54%	3.71%	5.97%	1.60%	1.62%	2.44%

Frequently Asked Questions

Can I hold both NUESX and GQEIX in my portfolio?

NUESX and GQEIX 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.

Which is riskier, NUESX or GQEIX?

NUESX has higher volatility (4.23%) compared to GQEIX (3.66%). In terms of maximum drawdown, NUESX dropped -33.33% vs GQEIX's -28.48%.

Which has better risk-adjusted returns?

NUESX currently has the higher Sharpe Ratio (1.80 vs 0.22), 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.