GCVIX vs. ADVGX

Last updated Jul 14, 2026

GCVIX (Goldman Sachs Large Cap Value Insights Fund) and ADVGX (North Square Advisory Research Small Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, GCVIX returned 13.11%/yr vs 12.36%/yr for ADVGX. Their correlation of 0.90 suggests significant overlap in exposure. GCVIX charges 0.56%/yr vs 0.95%/yr for ADVGX.

Performance

GCVIX vs. ADVGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Large Cap Value Insights Fund (GCVIX) and North Square Advisory Research Small Cap Value Fund (ADVGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCVIX achieves a 15.57% return, which is significantly lower than ADVGX's 21.33% return. Over the past 10 years, GCVIX has outperformed ADVGX with an annualized return of 13.11%, while ADVGX has yielded a comparatively lower 12.36% annualized return.

GCVIX

• 1D: 0.21%
• 1M: 2.60%
• 6M: 11.34%
• YTD: 15.57%
• 1Y: 26.30%
• 3Y*: 23.94%
• 5Y*: 14.61%
• 10Y*: 13.11%

ADVGX

• 1D: -0.12%
• 1M: 4.70%
• 6M: 14.65%
• YTD: 21.33%
• 1Y: 26.96%
• 3Y*: 19.57%
• 5Y*: 11.45%
• 10Y*: 12.36%

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

GCVIX vs. ADVGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GCVIX Goldman Sachs Large Cap Value Insights Fund	15.57%	15.34%	35.66%	11.07%	-9.01%	29.14%	1.49%	21.01%	-8.83%	19.44%
ADVGX North Square Advisory Research Small Cap Value Fund	21.33%	7.13%	15.52%	20.90%	-12.98%	29.94%	-2.61%	27.64%	-3.27%	19.60%

Correlation

The correlation between GCVIX and ADVGX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009	0.90

The correlation between GCVIX and ADVGX shifts across timeframes, from 0.72 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GCVIX vs. ADVGX — Risk / Return Rank

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

GCVIX

GCVIX Risk / Return Rank: 86
GCVIX Sharpe Ratio Rank: 86
GCVIX Sortino Ratio Rank: 84
GCVIX Omega Ratio Rank: 80
GCVIX Calmar Ratio Rank: 87
GCVIX Martin Ratio Rank: 91

ADVGX

ADVGX Risk / Return Rank: 34
ADVGX Sharpe Ratio Rank: 36
ADVGX Sortino Ratio Rank: 40
ADVGX Omega Ratio Rank: 33
ADVGX Calmar Ratio Rank: 34
ADVGX Martin Ratio Rank: 25

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.

GCVIX vs. ADVGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Large Cap Value Insights Fund (GCVIX) and North Square Advisory Research Small Cap Value Fund (ADVGX). 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.

	GCVIX	ADVGX	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.32	+0.94
Sortino ratio: Return per unit of downside risk	3.19	2.02	+1.17
Omega ratio: Gain probability vs. loss probability	1.40	1.23	+0.17
Calmar ratio: Return relative to maximum drawdown	3.36	1.72	+1.64
Martin ratio: Return relative to average drawdown	13.95	4.57	+9.38

GCVIX vs. ADVGX - Sharpe Ratio Comparison

The current GCVIX Sharpe Ratio is 2.26, which is higher than the ADVGX Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of GCVIX and ADVGX, 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

GCVIX vs. ADVGX - Drawdown Comparison

The maximum GCVIX drawdown since its inception was -61.49%, which is greater than ADVGX's maximum drawdown of -41.34%. Use the drawdown chart below to compare losses from any high point for GCVIX and ADVGX.

Drawdown Indicators

	GCVIX	ADVGX	Difference
Max Drawdown Largest peak-to-trough decline	-61.49%	-41.34%	-20.15%
Max Drawdown (1Y) Largest decline over 1 year	-7.69%	-14.92%	+7.23%
Max Drawdown (3Y) Largest decline over 3 years	-24.33%	-27.69%	+3.36%
Max Drawdown (5Y) Largest decline over 5 years	-24.33%	-27.69%	+3.36%
Max Drawdown (10Y) Largest decline over 10 years	-39.20%	-41.34%	+2.14%
Current Drawdown Current decline from peak	-0.14%	-3.32%	+3.18%
Average Drawdown Average peak-to-trough decline	-10.13%	-5.54%	-4.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	5.61%	-3.76%

Volatility

GCVIX vs. ADVGX - Volatility Comparison

The current volatility for Goldman Sachs Large Cap Value Insights Fund (GCVIX) is 4.05%, while North Square Advisory Research Small Cap Value Fund (ADVGX) has a volatility of 5.65%. This indicates that GCVIX experiences smaller price fluctuations and is considered to be less risky than ADVGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCVIX	ADVGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	5.65%	-1.60%
Volatility (6M) Calculated over the trailing 6-month period	8.62%	14.39%	-5.77%
Volatility (1Y) Calculated over the trailing 1-year period	11.46%	19.45%	-7.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.95%	21.55%	-0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.28%	21.06%	-0.78%

GCVIX vs. ADVGX - Expense Ratio Comparison

GCVIX has a 0.56% expense ratio, which is lower than ADVGX's 0.95% expense ratio.

Dividends

GCVIX vs. ADVGX - Dividend Comparison

GCVIX's dividend yield for the trailing twelve months is around 6.48%, more than ADVGX's 4.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADVGX North Square Advisory Research Small Cap Value Fund	4.68%	5.68%	1.16%	0.85%	6.87%	7.52%	11.47%	11.43%	41.46%	9.66%	7.34%	19.79%
GCVIX Goldman Sachs Large Cap Value Insights Fund	6.48%	7.58%	28.86%	3.94%	2.92%	18.84%	1.66%	1.77%	7.31%	1.82%	1.51%	1.89%

Frequently Asked Questions

Can I hold both GCVIX and ADVGX in my portfolio?

GCVIX and ADVGX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GCVIX or ADVGX?

ADVGX has higher volatility (5.65%) compared to GCVIX (4.05%). In terms of maximum drawdown, GCVIX dropped -61.49% vs ADVGX's -41.34%.

Which has better risk-adjusted returns?

GCVIX currently has the higher Sharpe Ratio (2.26 vs 1.32), 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.