GCEYX vs. QUASX

Last updated Jun 5, 2026

GCEYX (AB Global Core Equity Portfolio) and QUASX (AB Small Cap Growth Portfolio) are both mutual funds - GCEYX is a Global Equities fund managed by AllianceBernstein, while QUASX is a Small Cap Growth Equities fund managed by AllianceBernstein. Over the past 10 years, GCEYX returned 8.91%/yr vs 14.52%/yr for QUASX. A 0.77 correlation means they provide meaningful diversification when combined. GCEYX charges 0.79%/yr vs 1.11%/yr for QUASX.

Performance

GCEYX vs. QUASX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Global Core Equity Portfolio (GCEYX) and AB Small Cap Growth Portfolio (QUASX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCEYX achieves a 6.04% return, which is significantly lower than QUASX's 18.82% return. Over the past 10 years, GCEYX has underperformed QUASX with an annualized return of 8.91%, while QUASX has yielded a comparatively higher 14.52% annualized return.

GCEYX

• 1D: -1.32%
• 1M: 2.48%
• YTD: 6.04%
• 6M: -2.87%
• 1Y: 2.87%
• 3Y*: 9.50%
• 5Y*: 2.93%
• 10Y*: 8.91%

QUASX

• 1D: -0.65%
• 1M: 1.80%
• YTD: 18.82%
• 6M: 15.84%
• 1Y: 31.59%
• 3Y*: 16.22%
• 5Y*: 2.80%
• 10Y*: 14.52%

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

GCEYX vs. QUASX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GCEYX AB Global Core Equity Portfolio	6.04%	4.28%	10.11%	19.88%	-20.16%	14.73%	10.35%	27.70%	-5.12%	25.51%
QUASX AB Small Cap Growth Portfolio	18.82%	4.85%	18.49%	17.83%	-39.09%	9.76%	53.85%	49.85%	-1.02%	34.71%

Correlation

The correlation between GCEYX and QUASX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.77

The correlation between GCEYX and QUASX shifts across timeframes, from 0.70 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GCEYX vs. QUASX — Risk / Return Rank

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

GCEYX

GCEYX Risk / Return Rank: 4
GCEYX Sharpe Ratio Rank: 4
GCEYX Sortino Ratio Rank: 4
GCEYX Omega Ratio Rank: 5
GCEYX Calmar Ratio Rank: 4
GCEYX Martin Ratio Rank: 4

QUASX

QUASX Risk / Return Rank: 27
QUASX Sharpe Ratio Rank: 23
QUASX Sortino Ratio Rank: 21
QUASX Omega Ratio Rank: 20
QUASX Calmar Ratio Rank: 33
QUASX Martin Ratio Rank: 36

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.

GCEYX vs. QUASX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Global Core Equity Portfolio (GCEYX) and AB Small Cap Growth Portfolio (QUASX). 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.

	GCEYX	QUASX	Difference
Sharpe ratio: Return per unit of total volatility	0.20	1.36	-1.16
Sortino ratio: Return per unit of downside risk	0.35	1.93	-1.58
Omega ratio: Gain probability vs. loss probability	1.06	1.23	-0.18
Calmar ratio: Return relative to maximum drawdown	0.18	2.14	-1.96
Martin ratio: Return relative to average drawdown	0.48	7.92	-7.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GCEYX vs. QUASX - Sharpe Ratio Comparison

The current GCEYX Sharpe Ratio is 0.20, which is lower than the QUASX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of GCEYX and QUASX, 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

	GCEYX	QUASX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	1.36	-1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.11	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.57	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.39	+0.07

Drawdowns

GCEYX vs. QUASX - Drawdown Comparison

The maximum GCEYX drawdown since its inception was -33.47%, smaller than the maximum QUASX drawdown of -60.97%. Use the drawdown chart below to compare losses from any high point for GCEYX and QUASX.

Drawdown Indicators

	GCEYX	QUASX	Difference
Max Drawdown Largest peak-to-trough decline	-33.47%	-60.97%	+27.50%
Max Drawdown (1Y) Largest decline over 1 year	-18.35%	-15.02%	-3.33%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-31.68%	+13.33%
Max Drawdown (5Y) Largest decline over 5 years	-32.17%	-47.37%	+15.20%
Max Drawdown (10Y) Largest decline over 10 years	-33.47%	-47.37%	+13.90%
Current Drawdown Current decline from peak	-5.34%	-3.46%	-1.88%
Average Drawdown Average peak-to-trough decline	-6.41%	-15.75%	+9.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.02%	4.05%	+2.97%

Volatility

GCEYX vs. QUASX - Volatility Comparison

The current volatility for AB Global Core Equity Portfolio (GCEYX) is 4.20%, while AB Small Cap Growth Portfolio (QUASX) has a volatility of 6.90%. This indicates that GCEYX experiences smaller price fluctuations and is considered to be less risky than QUASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCEYX	QUASX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	6.90%	-2.70%
Volatility (6M) Calculated over the trailing 6-month period	15.39%	18.50%	-3.11%
Volatility (1Y) Calculated over the trailing 1-year period	16.99%	23.69%	-6.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.02%	26.34%	-9.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.38%	25.55%	-8.17%

GCEYX vs. QUASX - Expense Ratio Comparison

GCEYX has a 0.79% expense ratio, which is lower than QUASX's 1.11% expense ratio.

Dividends

GCEYX vs. QUASX - Dividend Comparison

Neither GCEYX nor QUASX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GCEYX AB Global Core Equity Portfolio	0.00%	0.00%	2.77%	1.05%	4.34%	1.86%	0.78%	3.40%	2.91%	4.67%	1.00%	1.19%
QUASX AB Small Cap Growth Portfolio	0.00%	0.00%	0.00%	0.00%	0.00%	9.07%	9.86%	18.20%	19.70%	9.29%	2.32%	9.19%

Frequently Asked Questions

Can I hold both GCEYX and QUASX in my portfolio?

GCEYX and QUASX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GCEYX or QUASX?

QUASX has higher volatility (6.90%) compared to GCEYX (4.20%). In terms of maximum drawdown, GCEYX dropped -33.47% vs QUASX's -60.97%.

Which has better risk-adjusted returns?

QUASX currently has the higher Sharpe Ratio (1.36 vs 0.20), 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.