TOWFX vs. GQHPX

Last updated Apr 1, 2026

Compare and contrast key facts about Towpath Focus Fund (TOWFX) and GQG Partners US Quality Dividend Income Fund (GQHPX).

TOWFX is managed by Oelschlager Investments. It was launched on Dec 31, 2019. GQHPX is managed by GQG Partners Inc. It was launched on Jun 29, 2021.

Performance

TOWFX vs. GQHPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Towpath Focus Fund (TOWFX) and GQG Partners US Quality Dividend Income Fund (GQHPX). The values are adjusted to include any dividend payments, if applicable.

TOWFX vs. GQHPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TOWFX Towpath Focus Fund	2.10%	23.51%	13.22%	12.33%	-2.06%	3.91%
GQHPX GQG Partners US Quality Dividend Income Fund	11.95%	7.53%	12.69%	3.94%	6.73%	10.34%

Returns By Period

In the year-to-date period, TOWFX achieves a 2.10% return, which is significantly lower than GQHPX's 11.95% return.

TOWFX

• 1D: 0.15%
• 1M: -4.47%
• YTD: 2.10%
• 6M: 9.07%
• 1Y: 20.28%
• 3Y*: 17.02%
• 5Y*: 11.64%
• 10Y*: —

GQHPX

• 1D: -0.27%
• 1M: -2.01%
• YTD: 11.95%
• 6M: 11.35%
• 1Y: 11.06%
• 3Y*: 12.76%
• 5Y*: —
• 10Y*: —

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

TOWFX vs. GQHPX - Expense Ratio Comparison

TOWFX has a 1.11% expense ratio, which is higher than GQHPX's 0.57% expense ratio.

TOWFX

Towpath Focus Fund

GQHPX

GQG Partners US Quality Dividend Income Fund

Return for Risk

TOWFX vs. GQHPX — Risk / Return Rank

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

TOWFX

TOWFX Risk / Return Rank: 87
TOWFX Sharpe Ratio Rank: 88
TOWFX Sortino Ratio Rank: 88
TOWFX Omega Ratio Rank: 85
TOWFX Calmar Ratio Rank: 84
TOWFX Martin Ratio Rank: 91

GQHPX

GQHPX Risk / Return Rank: 55
GQHPX Sharpe Ratio Rank: 57
GQHPX Sortino Ratio Rank: 51
GQHPX Omega Ratio Rank: 50
GQHPX Calmar Ratio Rank: 65
GQHPX Martin Ratio Rank: 50

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.

TOWFX vs. GQHPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Towpath Focus Fund (TOWFX) and GQG Partners US Quality Dividend Income Fund (GQHPX). 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.

	TOWFX	GQHPX	Difference
Sharpe ratio Return per unit of total volatility	1.76	1.05	+0.71
Sortino ratio Return per unit of downside risk	2.42	1.43	+0.99
Omega ratio Gain probability vs. loss probability	1.35	1.20	+0.14
Calmar ratio Return relative to maximum drawdown	2.07	1.50	+0.57
Martin ratio Return relative to average drawdown	10.75	4.94	+5.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TOWFX vs. GQHPX - Sharpe Ratio Comparison

The current TOWFX Sharpe Ratio is 1.76, which is higher than the GQHPX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of TOWFX and GQHPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TOWFX	GQHPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	1.05	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.90	-0.89

Correlation

The correlation between TOWFX and GQHPX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TOWFX vs. GQHPX - Dividend Comparison

TOWFX's dividend yield for the trailing twelve months is around 1.79%, less than GQHPX's 2.66% yield.

	TTM	2025	2024	2023	2022	2021	2020
TOWFX Towpath Focus Fund	1.79%	1.82%	1.49%	2.81%	2.05%	5.69%	5.94%
GQHPX GQG Partners US Quality Dividend Income Fund	2.66%	2.98%	3.14%	2.64%	3.24%	0.77%	0.00%

Drawdowns

TOWFX vs. GQHPX - Drawdown Comparison

The maximum TOWFX drawdown since its inception was -96.18%, which is greater than GQHPX's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for TOWFX and GQHPX.

Drawdown Indicators

	TOWFX	GQHPX	Difference
Max Drawdown Largest peak-to-trough decline	-96.18%	-17.26%	-78.92%
Max Drawdown (1Y) Largest decline over 1 year	-9.39%	-8.57%	-0.82%
Max Drawdown (5Y) Largest decline over 5 years	-96.18%	—	—
Current Drawdown Current decline from peak	-94.95%	-2.01%	-92.94%
Average Drawdown Average peak-to-trough decline	-21.04%	-3.36%	-17.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	2.64%	-0.83%

Volatility

TOWFX vs. GQHPX - Volatility Comparison

Towpath Focus Fund (TOWFX) and GQG Partners US Quality Dividend Income Fund (GQHPX) have volatilities of 2.60% and 2.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TOWFX	GQHPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.60%	2.66%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	6.60%	7.00%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	11.95%	11.93%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,084.26%	12.67%	+1,071.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	971.53%	12.67%	+958.86%