Quantitative U.S. Long/Short Equity Portfolio (GTAPX)

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The chart shows the growth of an initial investment of $10,000 in Quantitative U.S. Long/Short Equity Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Quantitative U.S. Long/Short Equity Portfolio (GTAPX) has returned 2.33% so far this year and 14.22% over the past 12 months. Over the last ten years, GTAPX has returned 5.30% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 3, 2007, GTAPX's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, your investment would double in approximately 18.1 years.

Historically, 59% of months were positive and 41% were negative. The best month was Oct 2022 with a return of +5.5%, while the worst month was Mar 2020 at -9.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, GTAPX closed higher 48% of trading days. The best single day was Dec 16, 2024 with a return of +9.8%, while the worst single day was Dec 17, 2024 at -9.4%.

Quantitative U.S. Long/Short Equity Portfolio has an annualized alpha of 0.92%, beta of 0.33, and R² of 0.46 versus S&P 500 Index. Calculated based on daily prices since January 04, 2007.

• This fund participated in 35.63% of S&P 500 Index downside but only 31.22% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.33 may look defensive, but with R² of 0.46 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.46 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

GTAPX has a high expense ratio of 1.25%, indicating above-average management fees.

GTAPX ranks 90 for risk / return — in the top 90% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Quantitative U.S. Long/Short Equity Portfolio (GTAPX) and compare them to a chosen benchmark (S&P 500 Index).

Quantitative U.S. Long/Short Equity Portfolio provided a 16.26% dividend yield over the last twelve months, with an annual payout of $2.14 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Quantitative U.S. Long/Short Equity Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Quantitative U.S. Long/Short Equity Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Quantitative U.S. Long/Short Equity Portfolio was 30.40%, occurring on Mar 18, 2020. Recovery took 442 trading sessions.

The current Quantitative U.S. Long/Short Equity Portfolio drawdown is 1.27%.

The chart below shows the rolling one-month volatility.