GCEYX vs. VTWAX

Last updated Jul 18, 2026

GCEYX (AB Global Core Equity Portfolio) and VTWAX (Vanguard Total World Stock Index Fund Admiral Shares) are both Global Equities funds. Over the past 5 years, GCEYX returned 3.07%/yr vs 10.86%/yr for VTWAX. With a 0.95 correlation, they move nearly in lockstep. GCEYX charges 0.79%/yr vs 0.09%/yr for VTWAX.

Performance

GCEYX vs. VTWAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Global Core Equity Portfolio (GCEYX) and Vanguard Total World Stock Index Fund Admiral Shares (VTWAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCEYX achieves a 6.15% return, which is significantly lower than VTWAX's 11.38% return.

GCEYX

• 1D: -0.37%
• 1M: 1.91%
• 6M: 3.21%
• YTD: 6.15%
• 1Y: -2.41%
• 3Y*: 8.06%
• 5Y*: 3.07%
• 10Y*: 8.68%

VTWAX

• 1D: -0.68%
• 1M: 0.26%
• 6M: 8.44%
• YTD: 11.38%
• 1Y: 22.29%
• 3Y*: 18.61%
• 5Y*: 10.86%
• 10Y*: —

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

GCEYX vs. VTWAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GCEYX AB Global Core Equity Portfolio	6.15%	4.28%	10.11%	19.88%	-20.16%	14.73%	10.35%	15.87%
VTWAX Vanguard Total World Stock Index Fund Admiral Shares	11.38%	22.43%	16.43%	21.85%	-18.02%	18.17%	16.67%	17.53%

Correlation

The correlation between GCEYX and VTWAX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 7, 2019	0.96

The correlation between GCEYX and VTWAX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

GCEYX vs. VTWAX — Risk / Return Rank

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

GCEYX

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

VTWAX

VTWAX Risk / Return Rank: 55
VTWAX Sharpe Ratio Rank: 53
VTWAX Sortino Ratio Rank: 51
VTWAX Omega Ratio Rank: 52
VTWAX Calmar Ratio Rank: 54
VTWAX Martin Ratio Rank: 64

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. VTWAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Global Core Equity Portfolio (GCEYX) and Vanguard Total World Stock Index Fund Admiral Shares (VTWAX). 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.

	GCEYX	VTWAX	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	1.73	-1.84
Sortino ratio: Return per unit of downside risk	-0.03	2.39	-2.41
Omega ratio: Gain probability vs. loss probability	1.00	1.31	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.11	2.39	-2.50
Martin ratio: Return relative to average drawdown	-0.27	10.22	-10.49

GCEYX vs. VTWAX - Sharpe Ratio Comparison

The current GCEYX Sharpe Ratio is -0.11, which is lower than the VTWAX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of GCEYX and VTWAX, 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

GCEYX vs. VTWAX - Drawdown Comparison

The maximum GCEYX drawdown since its inception was -33.47%, roughly equal to the maximum VTWAX drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for GCEYX and VTWAX.

Drawdown Indicators

	GCEYX	VTWAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.47%	-34.20%	+0.73%
Max Drawdown (1Y) Largest decline over 1 year	-18.35%	-9.64%	-8.71%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-16.43%	-1.92%
Max Drawdown (5Y) Largest decline over 5 years	-32.17%	-26.40%	-5.77%
Max Drawdown (10Y) Largest decline over 10 years	-33.47%	—	—
Current Drawdown Current decline from peak	-5.24%	-1.57%	-3.67%
Average Drawdown Average peak-to-trough decline	-6.41%	-5.24%	-1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.37%	2.25%	+5.12%

Volatility

GCEYX vs. VTWAX - Volatility Comparison

AB Global Core Equity Portfolio (GCEYX) has a higher volatility of 4.09% compared to Vanguard Total World Stock Index Fund Admiral Shares (VTWAX) at 3.88%. This indicates that GCEYX's price experiences larger fluctuations and is considered to be riskier than VTWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCEYX	VTWAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	3.88%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	11.83%	11.17%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	17.56%	13.36%	+4.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.15%	15.87%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	18.18%	-0.87%

GCEYX vs. VTWAX - Expense Ratio Comparison

GCEYX has a 0.79% expense ratio, which is higher than VTWAX's 0.09% expense ratio.

Dividends

GCEYX vs. VTWAX - Dividend Comparison

GCEYX has not paid dividends to shareholders, while VTWAX's dividend yield for the trailing twelve months is around 1.56%.

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%
VTWAX Vanguard Total World Stock Index Fund Admiral Shares	1.56%	1.80%	1.92%	2.06%	2.17%	1.79%	1.64%	2.28%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GCEYX and VTWAX in my portfolio?

With a correlation of 0.91, GCEYX and VTWAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GCEYX or VTWAX?

GCEYX has higher volatility (4.09%) compared to VTWAX (3.88%). In terms of maximum drawdown, GCEYX dropped -33.47% vs VTWAX's -34.20%.

Which has better risk-adjusted returns?

VTWAX currently has the higher Sharpe Ratio (1.73 vs -0.11), 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.