ETMGX vs. GPSCX

Last updated Jun 5, 2026

ETMGX (Eaton Vance Tax-Managed Small-Cap Fund) and GPSCX (Victory RS Small Cap Equity Fund) are both Small Cap Growth Equities funds. Their correlation of 0.80 suggests significant overlap in exposure. ETMGX charges 1.11%/yr vs 1.25%/yr for GPSCX.

Performance

ETMGX vs. GPSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Tax-Managed Small-Cap Fund (ETMGX) and Victory RS Small Cap Equity Fund (GPSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ETMGX

• 1D: -0.42%
• 1M: -1.63%
• YTD: 1.62%
• 6M: 0.06%
• 1Y: -1.73%
• 3Y*: 3.48%
• 5Y*: 0.82%
• 10Y*: 7.56%

GPSCX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETMGX vs. GPSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETMGX Eaton Vance Tax-Managed Small-Cap Fund	1.62%	-6.63%	11.43%	11.06%	-16.53%	20.91%	12.33%	27.32%	-5.86%	15.26%
GPSCX Victory RS Small Cap Equity Fund	0.00%	-13.27%	24.26%	7.27%	-37.24%	-7.96%	37.80%	38.52%	-8.92%	37.59%

Correlation

The correlation between ETMGX and GPSCX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012	0.80

The correlation between ETMGX and GPSCX shifts across timeframes, from 0.64 (3 years) to 0.80 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ETMGX vs. GPSCX — Risk / Return Rank

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

ETMGX

ETMGX Risk / Return Rank: 2
ETMGX Sharpe Ratio Rank: 2
ETMGX Sortino Ratio Rank: 2
ETMGX Omega Ratio Rank: 2
ETMGX Calmar Ratio Rank: 2
ETMGX Martin Ratio Rank: 2

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.

ETMGX vs. GPSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Small-Cap Fund (ETMGX) and Victory RS Small Cap Equity Fund (GPSCX). 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.

	ETMGX	GPSCX	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	—	—
Sortino ratio: Return per unit of downside risk	-0.08	—	—
Omega ratio: Gain probability vs. loss probability	0.99	—	—
Calmar ratio: Return relative to maximum drawdown	-0.16	—	—
Martin ratio: Return relative to average drawdown	-0.36	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ETMGX	GPSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	—	—

Drawdowns

Drawdown Indicators

	ETMGX	GPSCX	Difference
Max Drawdown Largest peak-to-trough decline	-37.02%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.14%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.28%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.02%	—	—
Current Drawdown Current decline from peak	-12.90%	—	—
Average Drawdown Average peak-to-trough decline	-6.58%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.85%	—	—

Volatility

Volatility by Period

	ETMGX	GPSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.08%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.75%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.92%	—	—

ETMGX vs. GPSCX - Expense Ratio Comparison

ETMGX has a 1.11% expense ratio, which is lower than GPSCX's 1.25% expense ratio.

Dividends

ETMGX vs. GPSCX - Dividend Comparison

ETMGX's dividend yield for the trailing twelve months is around 6.93%, while GPSCX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETMGX Eaton Vance Tax-Managed Small-Cap Fund	6.93%	7.04%	2.85%	1.36%	2.80%	8.28%	0.09%	6.50%	7.75%	11.87%	6.00%	5.50%
GPSCX Victory RS Small Cap Equity Fund	0.00%	0.48%	0.00%	0.00%	11.02%	24.10%	22.25%	11.69%	33.03%	5.00%	0.00%	40.41%

Frequently Asked Questions

Can I hold both ETMGX and GPSCX in my portfolio?

ETMGX and GPSCX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.