VXC.TO vs. GQEPX

Last updated Jun 4, 2026

VXC.TO (Vanguard FTSE Global All Cap ex Canada Index ETF) and GQEPX (GQG Partners US Select Quality Equity Fund Investor Shares) are both funds - VXC.TO is a Global Equities fund tracking the FTSE Global All Cap ex Canada China A Inclusion Index, while GQEPX is a Large Cap Growth Equities fund managed by GQG Partners Inc. Over the past 5 years, VXC.TO returned 13.65%/yr vs 13.67%/yr for GQEPX. A 0.60 correlation means they provide meaningful diversification when combined. VXC.TO charges 0.22%/yr vs 0.59%/yr for GQEPX.

Performance

VXC.TO vs. GQEPX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) and GQG Partners US Select Quality Equity Fund Investor Shares (GQEPX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VXC.TO is traded in CAD, while GQEPX is traded in USD. To make them comparable, the GQEPX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VXC.TO achieves a 13.63% return, which is significantly higher than GQEPX's 8.52% return.

VXC.TO

• 1D: -0.35%
• 1M: 7.19%
• YTD: 13.63%
• 6M: 12.36%
• 1Y: 30.23%
• 3Y*: 21.78%
• 5Y*: 13.65%
• 10Y*: 13.05%

GQEPX

• 1D: -0.20%
• 1M: 0.83%
• YTD: 8.52%
• 6M: 7.37%
• 1Y: 7.01%
• 3Y*: 14.91%
• 5Y*: 13.67%
• 10Y*: —

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

VXC.TO vs. GQEPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF	13.63%	15.89%	26.06%	19.20%	-13.02%	17.20%	14.13%	20.47%	-7.24%
GQEPX GQG Partners US Select Quality Equity Fund Investor Shares	8.52%	-8.90%	40.07%	14.80%	4.12%	18.81%	21.56%	20.95%	-2.49%

Correlation

The correlation between VXC.TO and GQEPX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Oct 5, 2018	0.61

The correlation between VXC.TO and GQEPX shifts across timeframes, from -0.03 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VXC.TO vs. GQEPX — Risk / Return Rank

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

VXC.TO

VXC.TO Risk / Return Rank: 75
VXC.TO Sharpe Ratio Rank: 75
VXC.TO Sortino Ratio Rank: 75
VXC.TO Omega Ratio Rank: 77
VXC.TO Calmar Ratio Rank: 73
VXC.TO Martin Ratio Rank: 76

GQEPX

GQEPX Risk / Return Rank: 7
GQEPX Sharpe Ratio Rank: 7
GQEPX Sortino Ratio Rank: 7
GQEPX Omega Ratio Rank: 6
GQEPX Calmar Ratio Rank: 8
GQEPX Martin Ratio Rank: 7

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.

VXC.TO vs. GQEPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) and GQG Partners US Select Quality Equity Fund Investor Shares (GQEPX). 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.

	VXC.TO	GQEPX	Difference
Sharpe ratio: Return per unit of total volatility	2.48	0.62	+1.86
Sortino ratio: Return per unit of downside risk	3.45	0.97	+2.48
Omega ratio: Gain probability vs. loss probability	1.47	1.11	+0.36
Calmar ratio: Return relative to maximum drawdown	3.68	1.10	+2.59
Martin ratio: Return relative to average drawdown	14.87	2.39	+12.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VXC.TO vs. GQEPX - Sharpe Ratio Comparison

The current VXC.TO Sharpe Ratio is 2.48, which is higher than the GQEPX Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of VXC.TO and GQEPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VXC.TO	GQEPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	0.62	+1.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	0.96	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.85	-0.01

Drawdowns

VXC.TO vs. GQEPX - Drawdown Comparison

The maximum VXC.TO drawdown since its inception was -27.28%, which is greater than GQEPX's maximum drawdown of -22.72%. Use the drawdown chart below to compare losses from any high point for VXC.TO and GQEPX.

Drawdown Indicators

	VXC.TO	GQEPX	Difference
Max Drawdown Largest peak-to-trough decline	-27.28%	-22.72%	-4.56%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-6.14%	-2.10%
Max Drawdown (3Y) Largest decline over 3 years	-16.76%	-18.93%	+2.17%
Max Drawdown (5Y) Largest decline over 5 years	-21.61%	-18.93%	-2.68%
Max Drawdown (10Y) Largest decline over 10 years	-27.28%	—	—
Current Drawdown Current decline from peak	-0.35%	-10.36%	+10.01%
Average Drawdown Average peak-to-trough decline	-3.89%	-4.93%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.83%	-0.79%

Volatility

VXC.TO vs. GQEPX - Volatility Comparison

Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) has a higher volatility of 3.81% compared to GQG Partners US Select Quality Equity Fund Investor Shares (GQEPX) at 3.59%. This indicates that VXC.TO's price experiences larger fluctuations and is considered to be riskier than GQEPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VXC.TO	GQEPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	3.59%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	8.61%	+1.25%
Volatility (1Y) Calculated over the trailing 1-year period	12.24%	10.89%	+1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.69%	14.29%	-0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	17.16%	-1.88%

VXC.TO vs. GQEPX - Expense Ratio Comparison

VXC.TO has a 0.22% expense ratio, which is lower than GQEPX's 0.59% expense ratio.

Dividends

VXC.TO vs. GQEPX - Dividend Comparison

VXC.TO's dividend yield for the trailing twelve months is around 1.22%, less than GQEPX's 6.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GQEPX GQG Partners US Select Quality Equity Fund Investor Shares	6.49%	6.98%	5.30%	0.44%	4.46%	1.49%	0.61%	0.63%	0.09%	0.00%	0.00%	0.00%
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF	1.22%	1.39%	1.45%	1.68%	1.82%	1.48%	1.46%	1.80%	1.94%	1.68%	1.85%	1.83%

Frequently Asked Questions

Can I hold both VXC.TO and GQEPX in my portfolio?

VXC.TO and GQEPX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.