PEQUX vs. GQJPX

Last updated Aug 5, 2026

PEQUX (Putnam Focused International Equity Fund) and GQJPX (GQG Partners International Quality Dividend Income Fund) are both mutual funds - PEQUX is a Foreign Large Cap Equities fund managed by Putnam, while GQJPX is a Quality Factor fund managed by GQG Partners. Over the past 5 years, PEQUX returned 9.29%/yr vs 9.43%/yr for GQJPX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. PEQUX charges 1.07%/yr vs 0.91%/yr for GQJPX.

Performance

PEQUX vs. GQJPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Focused International Equity Fund (PEQUX) and GQG Partners International Quality Dividend Income Fund (GQJPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PEQUX achieves a 13.50% return, which is significantly higher than GQJPX's 10.24% return.

PEQUX

• 1D: 0.53%
• 1M: -0.33%
• 6M: 8.80%
• YTD: 13.50%
• 1Y: 29.31%
• 3Y*: 19.30%
• 5Y*: 9.29%
• 10Y*: 10.34%
• ALL TIME*: 3.59%

GQJPX

• 1D: -0.23%
• 1M: 4.73%
• 6M: 3.04%
• YTD: 10.24%
• 1Y: 18.44%
• 3Y*: 17.45%
• 5Y*: 9.43%
• 10Y*: —
• ALL TIME*: 9.38%

*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)
GQJPX GQG Partners International Quality Dividend Income Fund	$0.00	$0.00	$0.00
PEQUX Putnam Focused International Equity Fund	$0.00	$0.00	$0.00

PEQUX vs. GQJPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PEQUX Putnam Focused International Equity Fund	13.50%	36.14%	3.56%	19.05%	-18.17%	-0.39%
GQJPX GQG Partners International Quality Dividend Income Fund	10.24%	24.88%	7.39%	18.06%	-10.50%	1.05%

Correlation

The correlation between PEQUX and GQJPX is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (3Y) Balances recent behavior with more history.	0.59
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.65

Over the past year, the correlation between PEQUX and GQJPX has dropped to 0.37 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

Return for Risk

PEQUX vs. GQJPX — Risk / Return Rank

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

PEQUX

PEQUX Risk / Return Rank: 73
PEQUX Sharpe Ratio Rank: 74
PEQUX Sortino Ratio Rank: 66
PEQUX Omega Ratio Rank: 70
PEQUX Calmar Ratio Rank: 73
PEQUX Martin Ratio Rank: 79

GQJPX

GQJPX Risk / Return Rank: 65
GQJPX Sharpe Ratio Rank: 77
GQJPX Sortino Ratio Rank: 74
GQJPX Omega Ratio Rank: 73
GQJPX Calmar Ratio Rank: 63
GQJPX Martin Ratio Rank: 36

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.

PEQUX vs. GQJPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Focused International Equity Fund (PEQUX) and GQG Partners International Quality Dividend Income Fund (GQJPX). 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.

	PEQUX	GQJPX	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.90	-0.04
Sortino ratio: Return per unit of downside risk	2.48	2.64	-0.16
Omega ratio: Gain probability vs. loss probability	1.34	1.35	-0.01
Calmar ratio: Return relative to maximum drawdown	2.62	2.34	+0.28
Martin ratio: Return relative to average drawdown	10.78	5.81	+4.97

PEQUX vs. GQJPX - Sharpe Ratio Comparison

The current PEQUX Sharpe Ratio is 1.86, which is comparable to the GQJPX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of PEQUX and GQJPX, 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

PEQUX vs. GQJPX - Drawdown Comparison

The maximum PEQUX drawdown since its inception was -83.68%, which is greater than GQJPX's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for PEQUX and GQJPX.

Drawdown Indicators

	PEQUX	GQJPX	Difference
Max Drawdown Largest peak-to-trough decline	-83.68%	-21.83%	-61.85%
Max Drawdown (1Y) Largest decline over 1 year	-11.80%	-8.56%	-3.24%
Max Drawdown (3Y) Largest decline over 3 years	-11.80%	-9.45%	-2.35%
Max Drawdown (5Y) Largest decline over 5 years	-33.42%	-21.83%	-11.59%
Max Drawdown (10Y) Largest decline over 10 years	-35.75%	—	—
Current Drawdown Current decline from peak	-1.73%	-1.60%	-0.13%
Average Drawdown Average peak-to-trough decline	-33.83%	-5.50%	-28.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	3.43%	-0.57%

Volatility

PEQUX vs. GQJPX - Volatility Comparison

Putnam Focused International Equity Fund (PEQUX) has a higher volatility of 4.60% compared to GQG Partners International Quality Dividend Income Fund (GQJPX) at 2.41%. This indicates that PEQUX's price experiences larger fluctuations and is considered to be riskier than GQJPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEQUX	GQJPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	2.41%	+2.19%
Volatility (6M) Calculated over the trailing 6-month period	14.22%	8.65%	+5.57%
Volatility (1Y) Calculated over the trailing 1-year period	16.66%	10.55%	+6.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.28%	12.84%	+3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.00%	12.89%	+4.11%

PEQUX vs. GQJPX - Expense Ratio Comparison

PEQUX has a 1.07% expense ratio, which is higher than GQJPX's 0.91% expense ratio.

Dividends

PEQUX vs. GQJPX - Dividend Comparison

PEQUX's dividend yield for the trailing twelve months is around 6.14%, more than GQJPX's 3.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GQJPX GQG Partners International Quality Dividend Income Fund	3.81%	3.22%	3.35%	4.50%	5.59%	1.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PEQUX Putnam Focused International Equity Fund	6.14%	6.96%	3.75%	1.01%	2.79%	34.47%	0.53%	0.05%	0.00%	0.35%	1.59%	0.56%

Frequently Asked Questions

Can I hold both PEQUX and GQJPX in my portfolio?

PEQUX and GQJPX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEQUX or GQJPX?

PEQUX has higher volatility (4.60%) compared to GQJPX (2.41%). In terms of maximum drawdown, PEQUX dropped -83.68% vs GQJPX's -21.83%.

Which has better risk-adjusted returns?

GQJPX currently has the higher Sharpe Ratio (1.90 vs 1.86), 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.