GEQZX vs. GGBZX

Last updated Jun 3, 2026

GEQZX (GuideStone Funds Equity Index Fund Investor Class) and GGBZX (GuideStone Funds Aggressive Allocation Fund) are both mutual funds - GEQZX is a Large Cap Blend Equities fund managed by GuideStone Funds, while GGBZX is a Global Equities fund managed by GuideStone Funds. Over the past 10 years, GEQZX returned 14.92%/yr vs 11.52%/yr for GGBZX. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.39% expense ratio.

Performance

GEQZX vs. GGBZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuideStone Funds Equity Index Fund Investor Class (GEQZX) and GuideStone Funds Aggressive Allocation Fund (GGBZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GEQZX having a 11.19% return and GGBZX slightly lower at 10.82%. Over the past 10 years, GEQZX has outperformed GGBZX with an annualized return of 14.92%, while GGBZX has yielded a comparatively lower 11.52% annualized return.

GEQZX

• 1D: 0.27%
• 1M: 5.09%
• YTD: 11.19%
• 6M: 11.48%
• 1Y: 28.35%
• 3Y*: 22.02%
• 5Y*: 13.14%
• 10Y*: 14.92%

GGBZX

• 1D: 0.46%
• 1M: 4.88%
• YTD: 10.82%
• 6M: 11.85%
• 1Y: 25.25%
• 3Y*: 18.88%
• 5Y*: 8.85%
• 10Y*: 11.52%

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

GEQZX vs. GGBZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GEQZX GuideStone Funds Equity Index Fund Investor Class	11.19%	16.77%	24.53%	26.17%	-19.99%	27.94%	17.85%	31.34%	-4.74%	21.66%
GGBZX GuideStone Funds Aggressive Allocation Fund	10.82%	19.62%	15.45%	20.67%	-19.61%	14.95%	15.47%	26.93%	-10.15%	25.53%

Correlation

The correlation between GEQZX and GGBZX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 3, 2002	0.95

The correlation between GEQZX and GGBZX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

GEQZX vs. GGBZX — Risk / Return Rank

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

GEQZX

GEQZX Risk / Return Rank: 70
GEQZX Sharpe Ratio Rank: 71
GEQZX Sortino Ratio Rank: 64
GEQZX Omega Ratio Rank: 63
GEQZX Calmar Ratio Rank: 69
GEQZX Martin Ratio Rank: 81

GGBZX

GGBZX Risk / Return Rank: 49
GGBZX Sharpe Ratio Rank: 50
GGBZX Sortino Ratio Rank: 47
GGBZX Omega Ratio Rank: 48
GGBZX Calmar Ratio Rank: 44
GGBZX Martin Ratio Rank: 55

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.

GEQZX vs. GGBZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuideStone Funds Equity Index Fund Investor Class (GEQZX) and GuideStone Funds Aggressive Allocation Fund (GGBZX). 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.

	GEQZX	GGBZX	Difference
Sharpe ratio Return per unit of total volatility	2.45	2.08	+0.38
Sortino ratio Return per unit of downside risk	3.33	2.88	+0.46
Omega ratio Gain probability vs. loss probability	1.44	1.38	+0.07
Calmar ratio Return relative to maximum drawdown	3.21	2.57	+0.65
Martin ratio Return relative to average drawdown	15.11	11.18	+3.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GEQZX vs. GGBZX - Sharpe Ratio Comparison

The current GEQZX Sharpe Ratio is 2.45, which is comparable to the GGBZX Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of GEQZX and GGBZX, 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

	GEQZX	GGBZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	2.08	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.58	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.70	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.41	+0.08

Drawdowns

GEQZX vs. GGBZX - Drawdown Comparison

The maximum GEQZX drawdown since its inception was -55.67%, roughly equal to the maximum GGBZX drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for GEQZX and GGBZX.

Drawdown Indicators

	GEQZX	GGBZX	Difference
Max Drawdown Largest peak-to-trough decline	-55.67%	-57.68%	+2.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.98%	-10.02%	+1.04%
Max Drawdown (3Y) Largest decline over 3 years	-18.69%	-16.21%	-2.48%
Max Drawdown (5Y) Largest decline over 5 years	-26.01%	-28.31%	+2.30%
Max Drawdown (10Y) Largest decline over 10 years	-33.80%	-33.03%	-0.77%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.03%	-9.24%	+1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.30%	-0.39%

Volatility

GEQZX vs. GGBZX - Volatility Comparison

The current volatility for GuideStone Funds Equity Index Fund Investor Class (GEQZX) is 2.85%, while GuideStone Funds Aggressive Allocation Fund (GGBZX) has a volatility of 3.61%. This indicates that GEQZX experiences smaller price fluctuations and is considered to be less risky than GGBZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GEQZX	GGBZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.85%	3.61%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	9.95%	-0.97%
Volatility (1Y) Calculated over the trailing 1-year period	11.86%	12.56%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	15.45%	+1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.12%	16.46%	+1.66%

GEQZX vs. GGBZX - Expense Ratio Comparison

Both GEQZX and GGBZX have an expense ratio of 0.39%.

Dividends

GEQZX vs. GGBZX - Dividend Comparison

GEQZX's dividend yield for the trailing twelve months is around 1.22%, less than GGBZX's 10.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GEQZX GuideStone Funds Equity Index Fund Investor Class	1.22%	1.35%	3.58%	3.71%	1.12%	3.05%	2.13%	2.02%	1.79%	1.94%	1.42%	1.67%
GGBZX GuideStone Funds Aggressive Allocation Fund	10.44%	11.57%	3.37%	3.51%	13.16%	7.72%	6.01%	12.14%	3.94%	7.18%	9.55%	27.06%

Frequently Asked Questions

Can I hold both GEQZX and GGBZX in my portfolio?

With a correlation of 0.95, GEQZX and GGBZX 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, GEQZX or GGBZX?

GGBZX has higher volatility (3.61%) compared to GEQZX (2.85%). In terms of maximum drawdown, GEQZX dropped -55.67% vs GGBZX's -57.68%.

Which has better risk-adjusted returns?

GEQZX currently has the higher Sharpe Ratio (2.45 vs 2.08), 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.