GATEX vs. ESGYX

Last updated Aug 1, 2026

GATEX (Gateway Fund) and ESGYX (Mirova Global Sustainable Equity Fund) are both mutual funds - GATEX is a Options Trading fund managed by Natixis, while ESGYX is a Global Equities fund managed by Natixis. Over the past 5 years, GATEX returned 6.50%/yr vs 4.85%/yr for ESGYX. Their correlation of 0.86 means they have usually moved in the same direction. GATEX charges 0.93%/yr vs 0.95%/yr for ESGYX.

Performance

GATEX vs. ESGYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gateway Fund (GATEX) and Mirova Global Sustainable Equity Fund (ESGYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GATEX achieves a 3.94% return, which is significantly higher than ESGYX's 1.17% return.

GATEX

• 1D: 1.09%
• 1M: -0.56%
• 6M: 2.79%
• YTD: 3.94%
• 1Y: 9.96%
• 3Y*: 10.38%
• 5Y*: 6.50%
• 10Y*: 6.58%
• ALL TIME*: 5.36%

ESGYX

• 1D: 1.19%
• 1M: -0.54%
• 6M: 0.66%
• YTD: 1.17%
• 1Y: 7.40%
• 3Y*: 10.62%
• 5Y*: 4.85%
• 10Y*: —
• ALL TIME*: 12.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ESGYX Mirova Global Sustainable Equity Fund	$0.00	$0.00	$0.00
GATEX Gateway Fund	$0.00	$0.00	$0.00

GATEX vs. ESGYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GATEX Gateway Fund	3.94%	10.07%	15.55%	14.43%	-12.06%	11.24%	6.92%	10.84%	-4.39%	9.66%
ESGYX Mirova Global Sustainable Equity Fund	1.17%	15.23%	13.38%	18.63%	-22.36%	18.06%	32.43%	33.00%	-6.37%	29.83%

Correlation

The correlation between GATEX and ESGYX is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.86

The correlation between GATEX and ESGYX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.

Return for Risk

GATEX vs. ESGYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GATEX

GATEX Risk / Return Rank: 62
GATEX Sharpe Ratio Rank: 61
GATEX Sortino Ratio Rank: 62
GATEX Omega Ratio Rank: 63
GATEX Calmar Ratio Rank: 54
GATEX Martin Ratio Rank: 70

ESGYX

ESGYX Risk / Return Rank: 16
ESGYX Sharpe Ratio Rank: 16
ESGYX Sortino Ratio Rank: 17
ESGYX Omega Ratio Rank: 16
ESGYX Calmar Ratio Rank: 15
ESGYX Martin Ratio Rank: 18

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GATEX vs. ESGYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gateway Fund (GATEX) and Mirova Global Sustainable Equity Fund (ESGYX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GATEX	ESGYX	Difference
Sharpe ratio: Return per unit of total volatility	1.48	0.62	+0.86
Sortino ratio: Return per unit of downside risk	2.16	0.97	+1.19
Omega ratio: Gain probability vs. loss probability	1.28	1.11	+0.16
Calmar ratio: Return relative to maximum drawdown	1.92	0.74	+1.18
Martin ratio: Return relative to average drawdown	8.63	2.47	+6.16

GATEX vs. ESGYX - Sharpe Ratio Comparison

The current GATEX Sharpe Ratio is 1.48, which is higher than the ESGYX Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of GATEX and ESGYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GATEX vs. ESGYX - Drawdown Comparison

The maximum GATEX drawdown since its inception was -29.74%, smaller than the maximum ESGYX drawdown of -34.88%. Use the drawdown chart below to compare losses from any high point for GATEX and ESGYX.

Drawdown Indicators

	GATEX	ESGYX	Difference
Max Drawdown Largest peak-to-trough decline	-29.74%	-34.88%	+5.14%
Max Drawdown (1Y) Largest decline over 1 year	-6.01%	-11.49%	+5.48%
Max Drawdown (3Y) Largest decline over 3 years	-11.52%	-16.67%	+5.15%
Max Drawdown (5Y) Largest decline over 5 years	-16.39%	-34.88%	+18.49%
Max Drawdown (10Y) Largest decline over 10 years	-16.39%	—	—
Current Drawdown Current decline from peak	-1.38%	-1.16%	-0.22%
Average Drawdown Average peak-to-trough decline	-3.89%	-6.37%	+2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.24%	3.23%	-1.99%

Volatility

GATEX vs. ESGYX - Volatility Comparison

The current volatility for Gateway Fund (GATEX) is 2.25%, while Mirova Global Sustainable Equity Fund (ESGYX) has a volatility of 3.23%. This indicates that GATEX experiences smaller price fluctuations and is considered to be less risky than ESGYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GATEX	ESGYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.25%	3.23%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	5.92%	10.57%	-4.65%
Volatility (1Y) Calculated over the trailing 1-year period	7.79%	13.78%	-5.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.66%	17.73%	-8.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.93%	17.61%	-8.68%

GATEX vs. ESGYX - Expense Ratio Comparison

GATEX has a 0.93% expense ratio, which is lower than ESGYX's 0.95% expense ratio.

Dividends

GATEX vs. ESGYX - Dividend Comparison

GATEX's dividend yield for the trailing twelve months is around 0.12%, less than ESGYX's 4.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESGYX Mirova Global Sustainable Equity Fund	4.10%	4.44%	1.99%	0.61%	5.28%	12.16%	0.54%	1.84%	4.39%	1.15%	0.00%	0.00%
GATEX Gateway Fund	0.12%	0.22%	0.42%	0.67%	0.63%	0.43%	0.83%	1.09%	1.15%	1.01%	1.36%	1.84%

Frequently Asked Questions

Can I hold both GATEX and ESGYX in my portfolio?

GATEX and ESGYX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GATEX or ESGYX?

ESGYX has higher volatility (3.23%) compared to GATEX (2.25%). In terms of maximum drawdown, GATEX dropped -29.74% vs ESGYX's -34.88%.

Which has better risk-adjusted returns?

GATEX currently has the higher Sharpe Ratio (1.48 vs 0.62), 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.