GCEQX vs. IEMG
GCEQX (Green Century Equity Fund Individual Investor Class) and IEMG (iShares Core MSCI Emerging Markets ETF) are both funds - GCEQX is a Large Cap Growth Equities fund managed by Green Century, while IEMG is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). Over the past 10 years, GCEQX returned 14.23%/yr vs 8.70%/yr for IEMG. Their 0.68 correlation means they have sometimes moved together and sometimes differently. GCEQX charges 1.25%/yr vs 0.09%/yr for IEMG.
Performance
GCEQX vs. IEMG - Performance Comparison
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Returns By Period
In the year-to-date period, GCEQX achieves a 8.64% return, which is significantly lower than IEMG's 17.13% return. Over the past 10 years, GCEQX has outperformed IEMG with an annualized return of 14.23%, while IEMG has yielded a comparatively lower 8.70% annualized return.
GCEQX
- 1D
- 1.43%
- 1M
- 0.15%
- 6M
- 7.28%
- YTD
- 8.64%
- 1Y
- 18.82%
- 3Y*
- 17.39%
- 5Y*
- 10.63%
- 10Y*
- 14.23%
- ALL TIME*
- 9.55%
IEMG
- 1D
- 0.64%
- 1M
- -2.17%
- 6M
- 8.11%
- YTD
- 17.13%
- 1Y
- 33.73%
- 3Y*
- 19.02%
- 5Y*
- 7.08%
- 10Y*
- 8.70%
- ALL TIME*
- 6.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $832.99M | $964.62M | $1.10B |
GCEQX vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCEQX Green Century Equity Fund Individual Investor Class | 8.64% | 16.73% | 21.72% | 27.70% | -23.03% | 29.69% | 22.23% | 30.71% | -4.00% | 21.95% |
IEMG iShares Core MSCI Emerging Markets ETF | 17.13% | 32.56% | 6.50% | 11.52% | -19.98% | -0.64% | 17.87% | 17.81% | -14.92% | 37.38% |
Correlation
The correlation between GCEQX and IEMG is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2012 | 0.68 |
The correlation between GCEQX and IEMG has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.
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Return for Risk
GCEQX vs. IEMG — Risk / Return Rank
GCEQX
IEMG
GCEQX vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Green Century Equity Fund Individual Investor Class (GCEQX) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.
| GCEQX | IEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.27 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.46 | -1.05 |
| Martin ratioReturn relative to average drawdown | 5.43 | 7.50 | -2.07 |
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Drawdowns
GCEQX vs. IEMG - Drawdown Comparison
The maximum GCEQX drawdown since its inception was -56.88%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for GCEQX and IEMG.
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Drawdown Indicators
| GCEQX | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.88% | -38.71% | -18.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.27% | -13.78% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -20.55% | -17.21% | -3.34% |
Max Drawdown (5Y)Largest decline over 5 years | -29.33% | -33.61% | +4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -32.89% | -38.71% | +5.82% |
Current DrawdownCurrent decline from peak | -1.58% | -9.17% | +7.59% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -12.89% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 4.51% | -1.32% |
Volatility
GCEQX vs. IEMG - Volatility Comparison
The current volatility for Green Century Equity Fund Individual Investor Class (GCEQX) is 4.92%, while iShares Core MSCI Emerging Markets ETF (IEMG) has a volatility of 8.73%. This indicates that GCEQX experiences smaller price fluctuations and is considered to be less risky than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCEQX | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 8.73% | -3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 21.65% | -9.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.93% | 23.74% | -8.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 19.27% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 20.32% | -1.43% |
GCEQX vs. IEMG - Expense Ratio Comparison
GCEQX has a 1.25% expense ratio, which is higher than IEMG's 0.09% expense ratio.
Dividends
GCEQX vs. IEMG - Dividend Comparison
GCEQX's dividend yield for the trailing twelve months is around 4.01%, more than IEMG's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCEQX Green Century Equity Fund Individual Investor Class | 4.01% | 4.40% | 1.10% | 0.13% | 0.47% | 1.11% | 1.14% | 0.68% | 2.24% | 0.90% | 2.29% | 1.87% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.30% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
Frequently Asked Questions
GCEQX and IEMG have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEMG has higher volatility (8.73%) compared to GCEQX (4.92%). In terms of maximum drawdown, GCEQX dropped -56.88% vs IEMG's -38.71%.
IEMG currently has the higher Sharpe Ratio (1.43 vs 1.16), 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.
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