GEQIX vs. GTCSX

Last updated Jun 24, 2026

GEQIX (Glenmede Equity Income Portfolio) and GTCSX (Glenmede Small Cap Equity Portfolio) are both mutual funds - GEQIX is a Large Cap Value Equities fund managed by Glenmede, while GTCSX is a Small Cap Blend Equities fund managed by Glenmede. Over the past 5 years, GEQIX returned 8.21%/yr vs 6.07%/yr for GTCSX. Their correlation of 0.82 suggests significant overlap in exposure. GEQIX charges 0.85%/yr vs 0.92%/yr for GTCSX.

Performance

GEQIX vs. GTCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Glenmede Equity Income Portfolio (GEQIX) and Glenmede Small Cap Equity Portfolio (GTCSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GEQIX achieves a 8.27% return, which is significantly lower than GTCSX's 11.68% return.

GEQIX

• 1D: 0.27%
• 1M: 1.50%
• YTD: 8.27%
• 6M: 7.42%
• 1Y: 15.18%
• 3Y*: 11.37%
• 5Y*: 8.21%
• 10Y*: —

GTCSX

• 1D: -0.09%
• 1M: 2.38%
• YTD: 11.68%
• 6M: 10.19%
• 1Y: 22.19%
• 3Y*: 9.96%
• 5Y*: 6.07%
• 10Y*: 9.93%

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

GEQIX vs. GTCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GEQIX Glenmede Equity Income Portfolio	8.27%	10.27%	8.75%	7.85%	-5.20%	27.51%	6.72%	25.12%	-5.44%	17.58%
GTCSX Glenmede Small Cap Equity Portfolio	11.68%	-1.95%	8.50%	16.93%	-10.91%	28.87%	15.65%	21.12%	-16.17%	15.80%

Correlation

The correlation between GEQIX and GTCSX is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.82

The correlation between GEQIX and GTCSX has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.

Return for Risk

GEQIX vs. GTCSX — Risk / Return Rank

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

GEQIX

GEQIX Risk / Return Rank: 36
GEQIX Sharpe Ratio Rank: 31
GEQIX Sortino Ratio Rank: 31
GEQIX Omega Ratio Rank: 27
GEQIX Calmar Ratio Rank: 49
GEQIX Martin Ratio Rank: 44

GTCSX

GTCSX Risk / Return Rank: 28
GTCSX Sharpe Ratio Rank: 25
GTCSX Sortino Ratio Rank: 26
GTCSX Omega Ratio Rank: 23
GTCSX Calmar Ratio Rank: 35
GTCSX Martin Ratio Rank: 32

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.

GEQIX vs. GTCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Glenmede Equity Income Portfolio (GEQIX) and Glenmede Small Cap Equity Portfolio (GTCSX). 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.

	GEQIX	GTCSX	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.33	+0.14
Sortino ratio: Return per unit of downside risk	2.15	1.99	+0.16
Omega ratio: Gain probability vs. loss probability	1.25	1.23	+0.02
Calmar ratio: Return relative to maximum drawdown	2.56	2.15	+0.41
Martin ratio: Return relative to average drawdown	8.77	6.87	+1.89

GEQIX vs. GTCSX - Sharpe Ratio Comparison

The current GEQIX Sharpe Ratio is 1.47, which is comparable to the GTCSX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of GEQIX and GTCSX, 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

GEQIX vs. GTCSX - Drawdown Comparison

The maximum GEQIX drawdown since its inception was -35.47%, smaller than the maximum GTCSX drawdown of -59.45%. Use the drawdown chart below to compare losses from any high point for GEQIX and GTCSX.

Drawdown Indicators

	GEQIX	GTCSX	Difference
Max Drawdown Largest peak-to-trough decline	-35.47%	-59.45%	+23.98%
Max Drawdown (1Y) Largest decline over 1 year	-6.31%	-11.13%	+4.82%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	-28.54%	+13.08%
Max Drawdown (5Y) Largest decline over 5 years	-17.82%	-28.54%	+10.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.50%	—
Current Drawdown Current decline from peak	-1.13%	-0.75%	-0.38%
Average Drawdown Average peak-to-trough decline	-3.91%	-11.99%	+8.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	3.47%	-1.64%

Volatility

GEQIX vs. GTCSX - Volatility Comparison

The current volatility for Glenmede Equity Income Portfolio (GEQIX) is 3.34%, while Glenmede Small Cap Equity Portfolio (GTCSX) has a volatility of 4.17%. This indicates that GEQIX experiences smaller price fluctuations and is considered to be less risky than GTCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GEQIX	GTCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	4.17%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	8.16%	12.17%	-4.01%
Volatility (1Y) Calculated over the trailing 1-year period	11.04%	18.09%	-7.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.04%	20.88%	-6.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.96%	23.36%	-6.40%

GEQIX vs. GTCSX - Expense Ratio Comparison

GEQIX has a 0.85% expense ratio, which is lower than GTCSX's 0.92% expense ratio.

Dividends

GEQIX vs. GTCSX - Dividend Comparison

GEQIX's dividend yield for the trailing twelve months is around 14.94%, more than GTCSX's 7.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GEQIX Glenmede Equity Income Portfolio	14.94%	16.18%	9.08%	7.50%	4.42%	5.90%	1.98%	1.92%	4.76%	1.49%	0.00%	0.00%
GTCSX Glenmede Small Cap Equity Portfolio	7.40%	8.24%	4.29%	8.45%	12.65%	4.43%	0.14%	0.23%	19.39%	10.74%	1.94%	1.11%

Frequently Asked Questions

Can I hold both GEQIX and GTCSX in my portfolio?

GEQIX and GTCSX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GEQIX or GTCSX?

GTCSX has higher volatility (4.17%) compared to GEQIX (3.34%). In terms of maximum drawdown, GEQIX dropped -35.47% vs GTCSX's -59.45%.

Which has better risk-adjusted returns?

GEQIX currently has the higher Sharpe Ratio (1.47 vs 1.33), 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.