BRASX vs. GPARX

Last updated Jun 4, 2026

BRASX (BlackRock Allocation Target Shares Series S Portfolio) and GPARX (GuidePath Absolute Return Allocation Fund) are both Short-Term Bond funds. Over the past 10 years, BRASX returned 2.30%/yr vs 3.54%/yr for GPARX. At a 0.40 correlation, their price movements are largely independent. BRASX charges 0.00%/yr vs 0.99%/yr for GPARX.

Performance

BRASX vs. GPARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Allocation Target Shares Series S Portfolio (BRASX) and GuidePath Absolute Return Allocation Fund (GPARX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRASX achieves a 0.79% return, which is significantly lower than GPARX's 10.27% return. Over the past 10 years, BRASX has underperformed GPARX with an annualized return of 2.30%, while GPARX has yielded a comparatively higher 3.54% annualized return.

BRASX

• 1D: 0.00%
• 1M: 0.39%
• YTD: 0.79%
• 6M: 1.29%
• 1Y: 4.45%
• 3Y*: 4.71%
• 5Y*: 2.08%
• 10Y*: 2.30%

GPARX

• 1D: 0.28%
• 1M: 1.33%
• YTD: 10.27%
• 6M: 11.59%
• 1Y: 16.08%
• 3Y*: 8.81%
• 5Y*: 3.40%
• 10Y*: 3.54%

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

BRASX vs. GPARX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRASX BlackRock Allocation Target Shares Series S Portfolio	0.79%	6.08%	4.32%	4.89%	-4.73%	-0.12%	3.74%	6.22%	1.00%	1.75%
GPARX GuidePath Absolute Return Allocation Fund	10.27%	7.42%	4.20%	6.87%	-10.82%	0.75%	3.92%	7.47%	-1.64%	4.50%

Correlation

The correlation between BRASX and GPARX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 4, 2012	0.40

Over the past year, the correlation between BRASX and GPARX has dropped to 0.20 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Return for Risk

BRASX vs. GPARX — Risk / Return Rank

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

BRASX

BRASX Risk / Return Rank: 69
BRASX Sharpe Ratio Rank: 44
BRASX Sortino Ratio Rank: 82
BRASX Omega Ratio Rank: 83
BRASX Calmar Ratio Rank: 69
BRASX Martin Ratio Rank: 65

GPARX

GPARX Risk / Return Rank: 74
GPARX Sharpe Ratio Rank: 70
GPARX Sortino Ratio Rank: 59
GPARX Omega Ratio Rank: 82
GPARX Calmar Ratio Rank: 76
GPARX Martin Ratio Rank: 85

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.

BRASX vs. GPARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Allocation Target Shares Series S Portfolio (BRASX) and GuidePath Absolute Return Allocation Fund (GPARX). 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.

	BRASX	GPARX	Difference
Sharpe ratio: Return per unit of total volatility	1.95	2.43	-0.49
Sortino ratio: Return per unit of downside risk	3.88	3.22	+0.66
Omega ratio: Gain probability vs. loss probability	1.55	1.55	0.00
Calmar ratio: Return relative to maximum drawdown	3.20	3.45	-0.25
Martin ratio: Return relative to average drawdown	12.79	16.10	-3.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRASX vs. GPARX - Sharpe Ratio Comparison

The current BRASX Sharpe Ratio is 1.95, which is comparable to the GPARX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of BRASX and GPARX, 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

	BRASX	GPARX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	2.43	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.68	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.96	0.83	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.83	-0.30

Drawdowns

BRASX vs. GPARX - Drawdown Comparison

The maximum BRASX drawdown since its inception was -10.61%, smaller than the maximum GPARX drawdown of -15.56%. Use the drawdown chart below to compare losses from any high point for BRASX and GPARX.

Drawdown Indicators

	BRASX	GPARX	Difference
Max Drawdown Largest peak-to-trough decline	-10.61%	-15.56%	+4.95%
Max Drawdown (1Y) Largest decline over 1 year	-1.39%	-4.68%	+3.29%
Max Drawdown (3Y) Largest decline over 3 years	-1.39%	-4.68%	+3.29%
Max Drawdown (5Y) Largest decline over 5 years	-7.47%	-15.56%	+8.09%
Max Drawdown (10Y) Largest decline over 10 years	-10.61%	-15.56%	+4.95%
Current Drawdown Current decline from peak	-0.05%	-0.37%	+0.32%
Average Drawdown Average peak-to-trough decline	-2.00%	-2.38%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.35%	1.00%	-0.65%

Volatility

BRASX vs. GPARX - Volatility Comparison

The current volatility for BlackRock Allocation Target Shares Series S Portfolio (BRASX) is 0.58%, while GuidePath Absolute Return Allocation Fund (GPARX) has a volatility of 1.64%. This indicates that BRASX experiences smaller price fluctuations and is considered to be less risky than GPARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRASX	GPARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.58%	1.64%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	1.52%	6.00%	-4.48%
Volatility (1Y) Calculated over the trailing 1-year period	2.30%	6.63%	-4.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.31%	5.02%	-2.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.40%	4.26%	-1.86%

BRASX vs. GPARX - Expense Ratio Comparison

BRASX has a 0.00% expense ratio, which is lower than GPARX's 0.99% expense ratio.

Dividends

BRASX vs. GPARX - Dividend Comparison

BRASX's dividend yield for the trailing twelve months is around 4.59%, more than GPARX's 3.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRASX BlackRock Allocation Target Shares Series S Portfolio	4.59%	4.57%	3.44%	2.96%	2.18%	1.34%	2.49%	3.06%	2.26%	2.16%	0.00%	0.00%
GPARX GuidePath Absolute Return Allocation Fund	3.00%	3.31%	4.99%	4.81%	2.42%	1.99%	2.45%	2.76%	2.27%	1.60%	3.17%	2.15%

Frequently Asked Questions

Can I hold both BRASX and GPARX in my portfolio?

BRASX and GPARX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRASX or GPARX?

GPARX has higher volatility (1.64%) compared to BRASX (0.58%). In terms of maximum drawdown, BRASX dropped -10.61% vs GPARX's -15.56%.

Which has better risk-adjusted returns?

GPARX currently has the higher Sharpe Ratio (2.43 vs 1.95), 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.