POVSX vs. GQJPX

Last updated Aug 5, 2026

POVSX (Putnam International Equity Fund) and GQJPX (GQG Partners International Quality Dividend Income Fund) are both mutual funds - POVSX 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, POVSX returned 9.64%/yr vs 9.43%/yr for GQJPX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. POVSX charges 1.25%/yr vs 0.91%/yr for GQJPX.

Performance

POVSX vs. GQJPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam International Equity Fund (POVSX) 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, POVSX achieves a 12.22% return, which is significantly higher than GQJPX's 10.24% return.

POVSX

• 1D: 0.41%
• 1M: -0.03%
• 6M: 4.34%
• YTD: 12.22%
• 1Y: 24.90%
• 3Y*: 19.08%
• 5Y*: 9.64%
• 10Y*: 9.65%
• ALL TIME*: 7.70%

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
POVSX Putnam International Equity Fund	$0.00	$0.00	$0.00

POVSX vs. GQJPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
POVSX Putnam International Equity Fund	12.22%	37.27%	3.57%	18.65%	-14.84%	-0.74%
GQJPX GQG Partners International Quality Dividend Income Fund	10.24%	24.88%	7.39%	18.06%	-10.50%	1.05%

Correlation

The correlation between POVSX and GQJPX is 0.56, 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.	0.56
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.73

The correlation between POVSX and GQJPX shifts across timeframes, from 0.56 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

Return for Risk

POVSX vs. GQJPX — Risk / Return Rank

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

POVSX

POVSX Risk / Return Rank: 53
POVSX Sharpe Ratio Rank: 56
POVSX Sortino Ratio Rank: 53
POVSX Omega Ratio Rank: 50
POVSX Calmar Ratio Rank: 55
POVSX Martin Ratio Rank: 55

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.

POVSX vs. GQJPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam International Equity Fund (POVSX) 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.

	POVSX	GQJPX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.90	-0.26
Sortino ratio: Return per unit of downside risk	2.29	2.64	-0.35
Omega ratio: Gain probability vs. loss probability	1.29	1.35	-0.06
Calmar ratio: Return relative to maximum drawdown	2.23	2.34	-0.11
Martin ratio: Return relative to average drawdown	8.29	5.81	+2.48

POVSX vs. GQJPX - Sharpe Ratio Comparison

The current POVSX Sharpe Ratio is 1.64, which is comparable to the GQJPX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of POVSX 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

POVSX vs. GQJPX - Drawdown Comparison

The maximum POVSX drawdown since its inception was -62.97%, which is greater than GQJPX's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for POVSX and GQJPX.

Drawdown Indicators

	POVSX	GQJPX	Difference
Max Drawdown Largest peak-to-trough decline	-62.97%	-21.83%	-41.14%
Max Drawdown (1Y) Largest decline over 1 year	-12.20%	-8.56%	-3.64%
Max Drawdown (3Y) Largest decline over 3 years	-13.36%	-9.45%	-3.91%
Max Drawdown (5Y) Largest decline over 5 years	-31.24%	-21.83%	-9.41%
Max Drawdown (10Y) Largest decline over 10 years	-36.58%	—	—
Current Drawdown Current decline from peak	-1.15%	-1.60%	+0.45%
Average Drawdown Average peak-to-trough decline	-14.33%	-5.50%	-8.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	3.43%	-0.16%

Volatility

POVSX vs. GQJPX - Volatility Comparison

Putnam International Equity Fund (POVSX) has a higher volatility of 4.37% compared to GQG Partners International Quality Dividend Income Fund (GQJPX) at 2.41%. This indicates that POVSX'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

	POVSX	GQJPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	2.41%	+1.96%
Volatility (6M) Calculated over the trailing 6-month period	13.95%	8.65%	+5.30%
Volatility (1Y) Calculated over the trailing 1-year period	16.59%	10.55%	+6.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.49%	12.84%	+3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.64%	12.89%	+3.75%

POVSX vs. GQJPX - Expense Ratio Comparison

POVSX has a 1.25% expense ratio, which is higher than GQJPX's 0.91% expense ratio.

Dividends

POVSX vs. GQJPX - Dividend Comparison

POVSX's dividend yield for the trailing twelve months is around 9.45%, 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%
POVSX Putnam International Equity Fund	9.45%	10.60%	5.33%	1.88%	0.00%	14.17%	2.56%	1.58%	6.42%	0.32%	3.09%	2.70%

Frequently Asked Questions

Can I hold both POVSX and GQJPX in my portfolio?

POVSX and GQJPX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, POVSX or GQJPX?

POVSX has higher volatility (4.37%) compared to GQJPX (2.41%). In terms of maximum drawdown, POVSX dropped -62.97% vs GQJPX's -21.83%.

Which has better risk-adjusted returns?

GQJPX currently has the higher Sharpe Ratio (1.90 vs 1.64), 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.