GCPYX vs. GATEX
Compare and contrast key facts about Gateway Equity Call Premium Fund (GCPYX) and Gateway Fund (GATEX).
GCPYX is managed by Natixis. It was launched on Sep 29, 2014. GATEX is managed by Natixis. It was launched on Dec 6, 1977.
Performance
GCPYX vs. GATEX - Performance Comparison
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GCPYX vs. GATEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCPYX Gateway Equity Call Premium Fund | -2.97% | 12.59% | 18.15% | 17.59% | -11.48% | 19.28% | 8.38% | 16.67% | -5.37% | 12.22% |
GATEX Gateway Fund | -3.07% | 10.07% | 15.55% | 14.43% | -12.06% | 11.24% | 6.92% | 10.84% | -4.39% | 9.66% |
Returns By Period
The year-to-date returns for both stocks are quite close, with GCPYX having a -2.97% return and GATEX slightly lower at -3.07%. Over the past 10 years, GCPYX has outperformed GATEX with an annualized return of 8.87%, while GATEX has yielded a comparatively lower 6.13% annualized return.
GCPYX
- 1D
- 2.61%
- 1M
- -4.04%
- YTD
- -2.97%
- 6M
- 1.12%
- 1Y
- 12.53%
- 3Y*
- 12.75%
- 5Y*
- 8.59%
- 10Y*
- 8.87%
GATEX
- 1D
- 1.73%
- 1M
- -3.64%
- YTD
- -3.07%
- 6M
- -0.69%
- 1Y
- 9.62%
- 3Y*
- 10.30%
- 5Y*
- 5.86%
- 10Y*
- 6.13%
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GCPYX vs. GATEX - Expense Ratio Comparison
GCPYX has a 0.68% expense ratio, which is lower than GATEX's 0.93% expense ratio.
Return for Risk
GCPYX vs. GATEX — Risk / Return Rank
GCPYX
GATEX
GCPYX vs. GATEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gateway Equity Call Premium Fund (GCPYX) and Gateway Fund (GATEX). 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.
| GCPYX | GATEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.97 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.60 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.38 | +0.05 |
Martin ratioReturn relative to average drawdown | 1.68 | 1.46 | +0.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GCPYX | GATEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.97 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.64 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.71 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.52 | +0.16 |
Correlation
The correlation between GCPYX and GATEX is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GCPYX vs. GATEX - Dividend Comparison
GCPYX's dividend yield for the trailing twelve months is around 0.45%, more than GATEX's 0.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCPYX Gateway Equity Call Premium Fund | 0.45% | 0.44% | 0.73% | 0.92% | 0.96% | 0.47% | 0.82% | 1.07% | 1.12% | 1.03% | 1.15% | 1.47% |
GATEX Gateway Fund | 0.19% | 0.22% | 0.42% | 0.67% | 0.63% | 0.43% | 0.83% | 1.09% | 1.15% | 1.01% | 1.36% | 1.84% |
Drawdowns
GCPYX vs. GATEX - Drawdown Comparison
The maximum GCPYX drawdown since its inception was -25.24%, smaller than the maximum GATEX drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for GCPYX and GATEX.
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Drawdown Indicators
| GCPYX | GATEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.24% | -29.74% | +4.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.62% | -7.03% | -3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -18.33% | -16.39% | -1.94% |
Max Drawdown (10Y)Largest decline over 10 years | -25.24% | -16.39% | -8.85% |
Current DrawdownCurrent decline from peak | -4.59% | -4.38% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -3.91% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 3.03% | +1.01% |
Volatility
GCPYX vs. GATEX - Volatility Comparison
Gateway Equity Call Premium Fund (GCPYX) has a higher volatility of 4.37% compared to Gateway Fund (GATEX) at 2.91%. This indicates that GCPYX's price experiences larger fluctuations and is considered to be riskier than GATEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCPYX | GATEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 2.91% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 5.83% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.89% | 12.46% | +3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.31% | 9.56% | +2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.45% | 8.88% | +3.57% |