QCGRIX vs. NQCFX

Last updated Jun 23, 2026

QCGRIX (CREF Growth Account Class R3) and NQCFX (Northquest Capital Fund) are both Large Cap Growth Equities funds. Over the past year, QCGRIX returned 24.17% vs 33.41% for NQCFX. A 0.77 correlation means they provide meaningful diversification when combined. QCGRIX charges 0.21%/yr vs 1.47%/yr for NQCFX.

Performance

QCGRIX vs. NQCFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CREF Growth Account Class R3 (QCGRIX) and Northquest Capital Fund (NQCFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCGRIX achieves a 6.98% return, which is significantly lower than NQCFX's 21.04% return.

QCGRIX

• 1D: 1.65%
• 1M: 0.09%
• YTD: 6.98%
• 6M: 6.64%
• 1Y: 24.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NQCFX

• 1D: 2.34%
• 1M: 5.43%
• YTD: 21.04%
• 6M: 19.88%
• 1Y: 33.41%
• 3Y*: 16.73%
• 5Y*: 9.84%
• 10Y*: 11.56%

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

QCGRIX vs. NQCFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QCGRIX CREF Growth Account Class R3	6.98%	14.41%	0.00%
NQCFX Northquest Capital Fund	21.04%	10.85%	-6.94%

Correlation

The correlation between QCGRIX and NQCFX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 27, 2024	0.77

The correlation between QCGRIX and NQCFX has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

Return for Risk

QCGRIX vs. NQCFX — Risk / Return Rank

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

QCGRIX

QCGRIX Risk / Return Rank: 22
QCGRIX Sharpe Ratio Rank: 26
QCGRIX Sortino Ratio Rank: 23
QCGRIX Omega Ratio Rank: 24
QCGRIX Calmar Ratio Rank: 18
QCGRIX Martin Ratio Rank: 19

NQCFX

NQCFX Risk / Return Rank: 54
NQCFX Sharpe Ratio Rank: 49
NQCFX Sortino Ratio Rank: 48
NQCFX Omega Ratio Rank: 46
NQCFX Calmar Ratio Rank: 68
NQCFX Martin Ratio Rank: 58

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.

QCGRIX vs. NQCFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CREF Growth Account Class R3 (QCGRIX) and Northquest Capital Fund (NQCFX). 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.

	QCGRIX	NQCFX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.91	-0.56
Sortino ratio: Return per unit of downside risk	1.87	2.68	-0.81
Omega ratio: Gain probability vs. loss probability	1.24	1.34	-0.10
Calmar ratio: Return relative to maximum drawdown	1.41	3.01	-1.60
Martin ratio: Return relative to average drawdown	4.60	10.93	-6.33

QCGRIX vs. NQCFX - Sharpe Ratio Comparison

The current QCGRIX Sharpe Ratio is 1.35, which is comparable to the NQCFX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of QCGRIX and NQCFX, 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

QCGRIX vs. NQCFX - Drawdown Comparison

The maximum QCGRIX drawdown since its inception was -23.93%, smaller than the maximum NQCFX drawdown of -97.46%. Use the drawdown chart below to compare losses from any high point for QCGRIX and NQCFX.

Drawdown Indicators

	QCGRIX	NQCFX	Difference
Max Drawdown Largest peak-to-trough decline	-23.93%	-97.46%	+73.53%
Max Drawdown (1Y) Largest decline over 1 year	-16.69%	-11.09%	-5.60%
Max Drawdown (3Y) Largest decline over 3 years	—	-97.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-97.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-97.46%	—
Current Drawdown Current decline from peak	-2.76%	-96.09%	+93.33%
Average Drawdown Average peak-to-trough decline	-4.93%	-14.52%	+9.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.11%	3.05%	+2.06%

Volatility

QCGRIX vs. NQCFX - Volatility Comparison

The current volatility for CREF Growth Account Class R3 (QCGRIX) is 6.33%, while Northquest Capital Fund (NQCFX) has a volatility of 7.70%. This indicates that QCGRIX experiences smaller price fluctuations and is considered to be less risky than NQCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCGRIX	NQCFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	7.70%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	13.46%	14.97%	-1.51%
Volatility (1Y) Calculated over the trailing 1-year period	17.45%	17.45%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.03%	1,578.46%	-1,557.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	1,115.98%	-1,094.95%

QCGRIX vs. NQCFX - Expense Ratio Comparison

QCGRIX has a 0.21% expense ratio, which is lower than NQCFX's 1.47% expense ratio.

Dividends

QCGRIX vs. NQCFX - Dividend Comparison

QCGRIX has not paid dividends to shareholders, while NQCFX's dividend yield for the trailing twelve months is around 1.26%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NQCFX Northquest Capital Fund	1.26%	1.53%	0.00%	0.97%	1.13%	6.41%	11.55%	3.07%	6.04%	0.00%	0.00%	3.42%
QCGRIX CREF Growth Account Class R3	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QCGRIX and NQCFX in my portfolio?

QCGRIX and NQCFX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCGRIX or NQCFX?

NQCFX has higher volatility (7.70%) compared to QCGRIX (6.33%). In terms of maximum drawdown, QCGRIX dropped -23.93% vs NQCFX's -97.46%.

Which has better risk-adjusted returns?

NQCFX currently has the higher Sharpe Ratio (1.91 vs 1.35), 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.