DIVP vs GQGU
Cullen Enhanced Equity Income ETF vs GQG US Equity ETF
Which is better, DIVP or GQGU?
DIVP has been ahead.
GQGU has a lower expense ratio. DIVP led over 1Y and the full window. DIVP is less concentrated, with 36.4% of the fund in its ten largest positions against 57.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DIVP | GQGU |
|---|---|---|
| Expense Ratio | 0.55% | 0.49%Best |
| AUM | $61M | $584M |
| Dividend Yield | 6.81% | 0.95% |
| Holdings | 47 | 77 |
| YTD Return | +9.06%Best | +5.40% |
| 1Y Return | +14.04%Best | +3.28% |
| Volatility (annualized) | 9.5%Best | 11.8% |
| Max Drawdown | -6.3%Best | -8.4% |
| $10,000 over 1.3 years | $11,215Best | $10,428 |
| Top 10 Weight | 36.4%Best | 57.2% |
| Fund Family | Cullen Funds | GQG Partners LLC |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 6, 2024 | Jul 31, 2019 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 14, 2025 to Oct 14, 2026 (1.3 years).
DIVP vs GQGU growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.3 years both funds cover.
DIVP vs GQGU Performance
Cullen Enhanced Equity Income ETF (DIVP) is an ETF from Cullen Funds and GQG US Equity ETF (GQGU) is an ETF from GQG Partners LLC. Over the past year DIVP returned +14.04% while GQGU returned +3.28%. Year to date, DIVP is up 9.06% versus a gain of 5.40% for GQGU.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GQGU has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 9.5% for DIVP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -6.3% for DIVP and -8.4% for GQGU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DIVP charges 0.55% per year while GQGU charges 0.49%. On a $10,000 position that is $55 vs $49 annually, a gap of $6 per year that compounds over a long holding period. On income, DIVP currently yields 6.81% against 0.95% for GQGU.
Holdings Overlap
6.0% of DIVP's money is in holdings GQGU also owns. 3.9% of GQGU's money is in holdings DIVP also owns.
DIVP and GQGU share little of their money.
2 positions in common, counted across the 35 positions we hold weights for in DIVP and 38 in GQGU, against full books of 47 and 77.
What only one of them owns
Our book lists 34 positions for GQGU that do not appear in our book for DIVP (93.0% of the fund), and 31 for DIVP that do not appear in GQGU (88.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of DIVP and GQGU you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DIVP or GQGU?
DIVP has an expense ratio of 0.55% while GQGU charges 0.49%. GQGU is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, DIVP or GQGU?
Over the past year DIVP returned +14.04% vs +3.28% for GQGU, so DIVP leads on 1-year performance. Over the longest common window we track (1 years), DIVP annualized +9.22% vs +3.28% for GQGU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVP or GQGU?
GQGU has been the more volatile fund at 11.8% annualized versus 9.5% for DIVP. Worst drawdown: DIVP -6.3% vs GQGU -8.4%.
Should I hold both DIVP and GQGU?
DIVP and GQGU have a monthly-return correlation of 0.50, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DIVP and GQGU?
6.0% of DIVP's money is in holdings GQGU also owns. 3.9% of GQGU's is in holdings DIVP also owns. They hold 2 positions in common, counted across the 35 positions we hold weights for in DIVP and 38 in GQGU.
Which pays a higher dividend, DIVP or GQGU?
DIVP yields 6.81% while GQGU yields 0.95%, so DIVP currently pays the higher dividend yield.
Is GQGU better than DIVP?
GQGU has a lower expense ratio. DIVP led over 1Y and the full window. DIVP is less concentrated, with 36.4% of the fund in its ten largest positions against 57.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.