GFSYX vs. GEMYX

Last updated Aug 1, 2026

GFSYX (GuideStone Funds Strategic Alternatives Fund) and GEMYX (GuideStone Funds Emerging Markets Equity Fund) are both mutual funds - GFSYX is a Multistrategy fund managed by GuideStone Funds, while GEMYX is a Emerging Markets Equities fund managed by GuideStone Funds. Over the past 5 years, GFSYX returned 4.77%/yr vs 7.64%/yr for GEMYX. Their 0.07 correlation means their historical movements had little consistent relationship. GFSYX charges 1.15%/yr vs 1.10%/yr for GEMYX.

Performance

GFSYX vs. GEMYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuideStone Funds Strategic Alternatives Fund (GFSYX) and GuideStone Funds Emerging Markets Equity Fund (GEMYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GFSYX achieves a 2.67% return, which is significantly lower than GEMYX's 18.52% return.

GFSYX

• 1D: 0.00%
• 1M: 1.10%
• 6M: 3.25%
• YTD: 2.67%
• 1Y: 6.33%
• 3Y*: 6.43%
• 5Y*: 4.77%
• 10Y*: —
• ALL TIME*: 3.54%

GEMYX

• 1D: 4.07%
• 1M: -3.95%
• 6M: 8.72%
• YTD: 18.52%
• 1Y: 39.28%
• 3Y*: 19.29%
• 5Y*: 7.64%
• 10Y*: 8.58%
• ALL TIME*: 5.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GEMYX GuideStone Funds Emerging Markets Equity Fund	$0.00	$0.00	$0.00
GFSYX GuideStone Funds Strategic Alternatives Fund	$0.00	$0.00	$0.00

GFSYX vs. GEMYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GFSYX GuideStone Funds Strategic Alternatives Fund	2.67%	5.49%	7.60%	5.98%	-0.57%	4.96%	-0.17%	4.94%	0.14%	1.20%
GEMYX GuideStone Funds Emerging Markets Equity Fund	18.52%	34.83%	8.23%	11.07%	-21.38%	-1.90%	22.20%	20.06%	-20.27%	8.69%

Correlation

The correlation between GFSYX and GEMYX is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.23
Correlation (3Y) Balances recent behavior with more history.	-0.26
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.24
Correlation (All Time) Calculated using the full available price history since Jul 20, 2017	0.07

The correlation between GFSYX and GEMYX shifts across timeframes, from -0.26 (3 years) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GFSYX vs. GEMYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GFSYX

GFSYX Risk / Return Rank: 93
GFSYX Sharpe Ratio Rank: 95
GFSYX Sortino Ratio Rank: 94
GFSYX Omega Ratio Rank: 92
GFSYX Calmar Ratio Rank: 97
GFSYX Martin Ratio Rank: 90

GEMYX

GEMYX Risk / Return Rank: 61
GEMYX Sharpe Ratio Rank: 60
GEMYX Sortino Ratio Rank: 50
GEMYX Omega Ratio Rank: 63
GEMYX Calmar Ratio Rank: 74
GEMYX Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GFSYX vs. GEMYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuideStone Funds Strategic Alternatives Fund (GFSYX) and GuideStone Funds Emerging Markets Equity Fund (GEMYX). 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.

	GFSYX	GEMYX	Difference
Sharpe ratio: Return per unit of total volatility	2.54	1.54	+1.00
Sortino ratio: Return per unit of downside risk	3.86	2.02	+1.84
Omega ratio: Gain probability vs. loss probability	1.52	1.29	+0.23
Calmar ratio: Return relative to maximum drawdown	4.84	2.48	+2.37
Martin ratio: Return relative to average drawdown	12.21	7.95	+4.26

GFSYX vs. GEMYX - Sharpe Ratio Comparison

The current GFSYX Sharpe Ratio is 2.54, which is higher than the GEMYX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of GFSYX and GEMYX, 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

GFSYX vs. GEMYX - Drawdown Comparison

The maximum GFSYX drawdown since its inception was -9.54%, smaller than the maximum GEMYX drawdown of -40.68%. Use the drawdown chart below to compare losses from any high point for GFSYX and GEMYX.

Drawdown Indicators

	GFSYX	GEMYX	Difference
Max Drawdown Largest peak-to-trough decline	-9.54%	-40.68%	+31.14%
Max Drawdown (1Y) Largest decline over 1 year	-1.34%	-14.88%	+13.54%
Max Drawdown (3Y) Largest decline over 3 years	-4.49%	-17.49%	+13.00%
Max Drawdown (5Y) Largest decline over 5 years	-4.49%	-38.96%	+34.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.28%	—
Current Drawdown Current decline from peak	0.00%	-11.41%	+11.41%
Average Drawdown Average peak-to-trough decline	-0.90%	-16.20%	+15.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	4.62%	-4.09%

Volatility

GFSYX vs. GEMYX - Volatility Comparison

The current volatility for GuideStone Funds Strategic Alternatives Fund (GFSYX) is 0.70%, while GuideStone Funds Emerging Markets Equity Fund (GEMYX) has a volatility of 10.05%. This indicates that GFSYX experiences smaller price fluctuations and is considered to be less risky than GEMYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFSYX	GEMYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	10.05%	-9.35%
Volatility (6M) Calculated over the trailing 6-month period	1.93%	22.09%	-20.16%
Volatility (1Y) Calculated over the trailing 1-year period	2.55%	23.98%	-21.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.67%	20.02%	-16.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.70%	19.23%	-15.53%

GFSYX vs. GEMYX - Expense Ratio Comparison

GFSYX has a 1.15% expense ratio, which is higher than GEMYX's 1.10% expense ratio.

Dividends

GFSYX vs. GEMYX - Dividend Comparison

GFSYX's dividend yield for the trailing twelve months is around 6.99%, more than GEMYX's 3.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GEMYX GuideStone Funds Emerging Markets Equity Fund	3.35%	3.97%	1.67%	2.17%	2.16%	13.40%	0.97%	2.60%	0.69%	0.96%
GFSYX GuideStone Funds Strategic Alternatives Fund	6.99%	7.18%	8.54%	13.00%	4.20%	1.59%	1.53%	2.24%	2.17%	0.70%

Frequently Asked Questions

Can I hold both GFSYX and GEMYX in my portfolio?

GFSYX and GEMYX have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GFSYX or GEMYX?

GEMYX has higher volatility (10.05%) compared to GFSYX (0.70%). In terms of maximum drawdown, GFSYX dropped -9.54% vs GEMYX's -40.68%.

Which has better risk-adjusted returns?

GFSYX currently has the higher Sharpe Ratio (2.54 vs 1.54), 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.