GCPYX vs. VNSYX

Last updated Jun 25, 2026

GCPYX (Gateway Equity Call Premium Fund) and VNSYX (Natixis Vaughan Nelson Select Fund) are both mutual funds - GCPYX is a Options Trading fund managed by Natixis, while VNSYX is a Large Cap Blend Equities fund managed by Natixis. Over the past 10 years, GCPYX returned 9.55%/yr vs 13.89%/yr for VNSYX. Their correlation of 0.90 suggests significant overlap in exposure. GCPYX charges 0.68%/yr vs 0.85%/yr for VNSYX.

Performance

GCPYX vs. VNSYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gateway Equity Call Premium Fund (GCPYX) and Natixis Vaughan Nelson Select Fund (VNSYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCPYX achieves a 4.26% return, which is significantly lower than VNSYX's 6.23% return. Over the past 10 years, GCPYX has underperformed VNSYX with an annualized return of 9.55%, while VNSYX has yielded a comparatively higher 13.89% annualized return.

GCPYX

• 1D: -1.15%
• 1M: -0.13%
• YTD: 4.26%
• 6M: 3.74%
• 1Y: 16.67%
• 3Y*: 13.57%
• 5Y*: 9.21%
• 10Y*: 9.55%

VNSYX

• 1D: -2.30%
• 1M: -1.18%
• YTD: 6.23%
• 6M: 5.26%
• 1Y: 16.71%
• 3Y*: 12.55%
• 5Y*: 9.84%
• 10Y*: 13.89%

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

GCPYX vs. VNSYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GCPYX Gateway Equity Call Premium Fund	4.26%	12.59%	18.15%	17.59%	-11.48%	19.28%	8.38%	16.67%	-5.37%	12.22%
VNSYX Natixis Vaughan Nelson Select Fund	6.23%	13.11%	10.69%	22.23%	-16.65%	39.78%	18.57%	27.85%	-4.74%	23.83%

Correlation

The correlation between GCPYX and VNSYX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014	0.90

The correlation between GCPYX and VNSYX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

GCPYX vs. VNSYX — Risk / Return Rank

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

GCPYX

GCPYX Risk / Return Rank: 76
GCPYX Sharpe Ratio Rank: 73
GCPYX Sortino Ratio Rank: 74
GCPYX Omega Ratio Rank: 78
GCPYX Calmar Ratio Rank: 68
GCPYX Martin Ratio Rank: 88

VNSYX

VNSYX Risk / Return Rank: 34
VNSYX Sharpe Ratio Rank: 34
VNSYX Sortino Ratio Rank: 34
VNSYX Omega Ratio Rank: 33
VNSYX Calmar Ratio Rank: 31
VNSYX Martin Ratio Rank: 37

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.

GCPYX vs. VNSYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gateway Equity Call Premium Fund (GCPYX) and Natixis Vaughan Nelson Select Fund (VNSYX). 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.

	GCPYX	VNSYX	Difference
Sharpe ratio: Return per unit of total volatility	2.24	1.46	+0.78
Sortino ratio: Return per unit of downside risk	3.22	2.12	+1.10
Omega ratio: Gain probability vs. loss probability	1.45	1.26	+0.18
Calmar ratio: Return relative to maximum drawdown	2.96	1.87	+1.10
Martin ratio: Return relative to average drawdown	15.32	7.30	+8.02

GCPYX vs. VNSYX - Sharpe Ratio Comparison

The current GCPYX Sharpe Ratio is 2.24, which is higher than the VNSYX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of GCPYX and VNSYX, 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

GCPYX vs. VNSYX - Drawdown Comparison

The maximum GCPYX drawdown since its inception was -25.24%, smaller than the maximum VNSYX drawdown of -33.15%. Use the drawdown chart below to compare losses from any high point for GCPYX and VNSYX.

Drawdown Indicators

	GCPYX	VNSYX	Difference
Max Drawdown Largest peak-to-trough decline	-25.24%	-33.15%	+7.91%
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	-11.85%	+4.83%
Max Drawdown (3Y) Largest decline over 3 years	-15.49%	-20.65%	+5.16%
Max Drawdown (5Y) Largest decline over 5 years	-18.33%	-23.91%	+5.58%
Max Drawdown (10Y) Largest decline over 10 years	-25.24%	-33.15%	+7.91%
Current Drawdown Current decline from peak	-1.23%	-3.47%	+2.24%
Average Drawdown Average peak-to-trough decline	-2.81%	-4.15%	+1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	2.80%	-1.55%

Volatility

GCPYX vs. VNSYX - Volatility Comparison

The current volatility for Gateway Equity Call Premium Fund (GCPYX) is 3.24%, while Natixis Vaughan Nelson Select Fund (VNSYX) has a volatility of 5.60%. This indicates that GCPYX experiences smaller price fluctuations and is considered to be less risky than VNSYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCPYX	VNSYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	5.60%	-2.36%
Volatility (6M) Calculated over the trailing 6-month period	7.28%	11.82%	-4.54%
Volatility (1Y) Calculated over the trailing 1-year period	9.29%	15.16%	-5.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.34%	17.83%	-5.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.48%	18.12%	-5.64%

GCPYX vs. VNSYX - Expense Ratio Comparison

GCPYX has a 0.68% expense ratio, which is lower than VNSYX's 0.85% expense ratio.

Dividends

GCPYX vs. VNSYX - Dividend Comparison

GCPYX's dividend yield for the trailing twelve months is around 0.42%, less than VNSYX's 8.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GCPYX Gateway Equity Call Premium Fund	0.42%	0.44%	0.73%	0.92%	0.96%	0.47%	0.82%	1.07%	1.12%	1.03%	1.15%	1.47%
VNSYX Natixis Vaughan Nelson Select Fund	8.78%	9.33%	0.00%	0.14%	1.18%	36.73%	7.14%	8.46%	10.64%	8.55%	1.89%	2.26%

Frequently Asked Questions

Can I hold both GCPYX and VNSYX in my portfolio?

GCPYX and VNSYX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GCPYX or VNSYX?

VNSYX has higher volatility (5.60%) compared to GCPYX (3.24%). In terms of maximum drawdown, GCPYX dropped -25.24% vs VNSYX's -33.15%.

Which has better risk-adjusted returns?

GCPYX currently has the higher Sharpe Ratio (2.24 vs 1.46), 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.