GEQYX vs. FXAIX

Last updated Jun 3, 2026

GEQYX (GuideStone Funds Equity Index Fund) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - GEQYX is a Large Cap Blend Equities fund managed by GuideStone Funds, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, GEQYX returned 15.07%/yr vs 15.66%/yr for FXAIX. With a 0.99 correlation, they move nearly in lockstep. GEQYX charges 0.12%/yr vs 0.02%/yr for FXAIX.

Performance

GEQYX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuideStone Funds Equity Index Fund (GEQYX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with GEQYX having a 11.31% return and FXAIX slightly higher at 11.71%. Both investments have delivered pretty close results over the past 10 years, with GEQYX having a 15.07% annualized return and FXAIX not far ahead at 15.66%.

GEQYX

• 1D: 0.27%
• 1M: 5.11%
• YTD: 11.31%
• 6M: 11.61%
• 1Y: 28.67%
• 3Y*: 22.33%
• 5Y*: 13.40%
• 10Y*: 15.07%

FXAIX

• 1D: 0.13%
• 1M: 5.80%
• YTD: 11.71%
• 6M: 11.74%
• 1Y: 28.99%
• 3Y*: 22.75%
• 5Y*: 14.28%
• 10Y*: 15.66%

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

GEQYX vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GEQYX GuideStone Funds Equity Index Fund	11.31%	17.06%	24.88%	26.52%	-19.91%	28.26%	18.14%	31.68%	-4.48%	21.97%
FXAIX Fidelity 500 Index Fund	11.71%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-4.43%	21.82%

Correlation

The correlation between GEQYX and FXAIX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since May 5, 2011	0.99

The correlation between GEQYX and FXAIX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

GEQYX vs. FXAIX — Risk / Return Rank

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

GEQYX

GEQYX Risk / Return Rank: 71
GEQYX Sharpe Ratio Rank: 73
GEQYX Sortino Ratio Rank: 65
GEQYX Omega Ratio Rank: 65
GEQYX Calmar Ratio Rank: 70
GEQYX Martin Ratio Rank: 81

FXAIX

FXAIX Risk / Return Rank: 73
FXAIX Sharpe Ratio Rank: 76
FXAIX Sortino Ratio Rank: 67
FXAIX Omega Ratio Rank: 67
FXAIX Calmar Ratio Rank: 74
FXAIX Martin Ratio Rank: 83

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.

GEQYX vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuideStone Funds Equity Index Fund (GEQYX) and Fidelity 500 Index Fund (FXAIX). 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.

	GEQYX	FXAIX	Difference
Sharpe ratio Return per unit of total volatility	2.48	2.52	-0.04
Sortino ratio Return per unit of downside risk	3.37	3.42	-0.05
Omega ratio Gain probability vs. loss probability	1.45	1.46	-0.01
Calmar ratio Return relative to maximum drawdown	3.26	3.36	-0.10
Martin ratio Return relative to average drawdown	15.36	15.70	-0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GEQYX vs. FXAIX - Sharpe Ratio Comparison

The current GEQYX Sharpe Ratio is 2.48, which is comparable to the FXAIX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of GEQYX and FXAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GEQYX	FXAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.52	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.85	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.87	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.82	-0.47

Drawdowns

GEQYX vs. FXAIX - Drawdown Comparison

The maximum GEQYX drawdown since its inception was -58.95%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for GEQYX and FXAIX.

Drawdown Indicators

	GEQYX	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-58.95%	-33.79%	-25.16%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-8.89%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-18.69%	-18.76%	+0.07%
Max Drawdown (5Y) Largest decline over 5 years	-25.96%	-24.50%	-1.46%
Max Drawdown (10Y) Largest decline over 10 years	-33.76%	-33.79%	+0.03%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-11.84%	-3.79%	-8.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	1.90%	0.00%

Volatility

GEQYX vs. FXAIX - Volatility Comparison

GuideStone Funds Equity Index Fund (GEQYX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 2.85% and 2.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GEQYX	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.85%	2.83%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	8.97%	8.97%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	11.86%	11.86%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	16.91%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.13%	18.07%	+0.06%

GEQYX vs. FXAIX - Expense Ratio Comparison

GEQYX has a 0.12% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GEQYX vs. FXAIX - Dividend Comparison

GEQYX's dividend yield for the trailing twelve months is around 1.39%, more than FXAIX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXAIX Fidelity 500 Index Fund	1.03%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%
GEQYX GuideStone Funds Equity Index Fund	1.39%	1.54%	3.82%	3.95%	1.27%	3.29%	2.35%	2.26%	2.08%	2.18%	1.58%	1.75%

Frequently Asked Questions

Can I hold both GEQYX and FXAIX in my portfolio?

With a correlation of 1.00, GEQYX and FXAIX 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, GEQYX or FXAIX?

GEQYX has higher volatility (2.85%) compared to FXAIX (2.83%). In terms of maximum drawdown, GEQYX dropped -58.95% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FXAIX currently has the higher Sharpe Ratio (2.52 vs 2.48), 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.