PEFIX vs. GQGIX

Last updated Aug 1, 2026

PEFIX (PIMCO RAE PLUS EMG Fund) and GQGIX (GQG Partners Emerging Markets Equity Fund Institutional Shares) are both Emerging Markets Equities funds. Over the past 5 years, PEFIX returned 9.32%/yr vs 4.83%/yr for GQGIX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. PEFIX charges 1.10%/yr vs 0.98%/yr for GQGIX.

Performance

PEFIX vs. GQGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO RAE PLUS EMG Fund (PEFIX) and GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PEFIX achieves a 14.33% return, which is significantly higher than GQGIX's 7.64% return.

PEFIX

• 1D: 0.79%
• 1M: 0.79%
• 6M: 3.75%
• YTD: 14.33%
• 1Y: 29.31%
• 3Y*: 16.59%
• 5Y*: 9.32%
• 10Y*: 10.84%
• ALL TIME*: 11.59%

GQGIX

• 1D: 1.97%
• 1M: 3.46%
• 6M: 2.84%
• YTD: 7.64%
• 1Y: 16.21%
• 3Y*: 10.57%
• 5Y*: 4.83%
• 10Y*: —
• ALL TIME*: 8.86%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares	$0.00	$0.00	$0.00
PEFIX PIMCO RAE PLUS EMG Fund	$0.00	$0.00	$0.00

PEFIX vs. GQGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEFIX PIMCO RAE PLUS EMG Fund	14.33%	27.34%	7.08%	20.00%	-16.85%	20.69%	5.27%	14.80%	-13.51%	31.80%
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares	7.64%	9.92%	6.19%	28.81%	-20.85%	-2.37%	33.98%	21.08%	-14.70%	30.20%

Correlation

The correlation between PEFIX and GQGIX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.56
Correlation (5Y) Shows whether the relationship held over a longer period.	0.62
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.65

The correlation between PEFIX and GQGIX shifts across timeframes, from 0.54 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PEFIX vs. GQGIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PEFIX

PEFIX Risk / Return Rank: 62
PEFIX Sharpe Ratio Rank: 70
PEFIX Sortino Ratio Rank: 64
PEFIX Omega Ratio Rank: 65
PEFIX Calmar Ratio Rank: 67
PEFIX Martin Ratio Rank: 43

GQGIX

GQGIX Risk / Return Rank: 45
GQGIX Sharpe Ratio Rank: 50
GQGIX Sortino Ratio Rank: 52
GQGIX Omega Ratio Rank: 48
GQGIX Calmar Ratio Rank: 42
GQGIX Martin Ratio Rank: 33

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PEFIX vs. GQGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE PLUS EMG Fund (PEFIX) and GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX). 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.

	PEFIX	GQGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.31	+0.35
Sortino ratio: Return per unit of downside risk	2.25	1.92	+0.33
Omega ratio: Gain probability vs. loss probability	1.29	1.24	+0.06
Calmar ratio: Return relative to maximum drawdown	2.22	1.65	+0.57
Martin ratio: Return relative to average drawdown	6.33	4.64	+1.68

PEFIX vs. GQGIX - Sharpe Ratio Comparison

The current PEFIX Sharpe Ratio is 1.65, which is comparable to the GQGIX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of PEFIX and GQGIX, 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

PEFIX vs. GQGIX - Drawdown Comparison

The maximum PEFIX drawdown since its inception was -51.44%, which is greater than GQGIX's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for PEFIX and GQGIX.

Drawdown Indicators

	PEFIX	GQGIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.44%	-33.50%	-17.94%
Max Drawdown (1Y) Largest decline over 1 year	-11.86%	-9.11%	-2.75%
Max Drawdown (3Y) Largest decline over 3 years	-20.78%	-18.74%	-2.04%
Max Drawdown (5Y) Largest decline over 5 years	-31.51%	-28.02%	-3.49%
Max Drawdown (10Y) Largest decline over 10 years	-51.44%	—	—
Current Drawdown Current decline from peak	-7.96%	-3.04%	-4.92%
Average Drawdown Average peak-to-trough decline	-11.89%	-11.27%	-0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	3.24%	+0.91%

Volatility

PEFIX vs. GQGIX - Volatility Comparison

PIMCO RAE PLUS EMG Fund (PEFIX) has a higher volatility of 4.39% compared to GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX) at 2.98%. This indicates that PEFIX's price experiences larger fluctuations and is considered to be riskier than GQGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEFIX	GQGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	2.98%	+1.41%
Volatility (6M) Calculated over the trailing 6-month period	13.67%	9.73%	+3.94%
Volatility (1Y) Calculated over the trailing 1-year period	15.95%	11.53%	+4.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.84%	14.61%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.77%	15.86%	+0.91%

PEFIX vs. GQGIX - Expense Ratio Comparison

PEFIX has a 1.10% expense ratio, which is higher than GQGIX's 0.98% expense ratio.

Dividends

PEFIX vs. GQGIX - Dividend Comparison

PEFIX's dividend yield for the trailing twelve months is around 8.03%, more than GQGIX's 1.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares	1.98%	2.13%	1.70%	2.71%	5.67%	3.91%	0.24%	1.16%	0.81%	0.25%	0.00%
PEFIX PIMCO RAE PLUS EMG Fund	8.03%	3.73%	9.33%	2.11%	18.29%	46.03%	8.19%	0.38%	4.76%	7.08%	4.48%

Frequently Asked Questions

Can I hold both PEFIX and GQGIX in my portfolio?

PEFIX and GQGIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEFIX or GQGIX?

PEFIX has higher volatility (4.39%) compared to GQGIX (2.98%). In terms of maximum drawdown, PEFIX dropped -51.44% vs GQGIX's -33.50%.

Which has better risk-adjusted returns?

PEFIX currently has the higher Sharpe Ratio (1.65 vs 1.31), 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.