GFSYX vs. GSCYX

Last updated Jun 24, 2026

GFSYX (GuideStone Funds Strategic Alternatives Fund) and GSCYX (GuideStone Funds Small Cap Equity Fund) are both mutual funds - GFSYX is a Multistrategy fund managed by GuideStone Funds, while GSCYX is a Small Cap Blend Equities fund managed by GuideStone Funds. Over the past 5 years, GFSYX returned 4.86%/yr vs 6.06%/yr for GSCYX. At a 0.12 correlation, their price movements are largely independent. GFSYX charges 1.15%/yr vs 0.91%/yr for GSCYX.

Performance

GFSYX vs. GSCYX - Performance Comparison

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

Returns By Period

In the year-to-date period, GFSYX achieves a 1.00% return, which is significantly lower than GSCYX's 17.55% return.

GFSYX

• 1D: 0.33%
• 1M: 1.00%
• YTD: 1.00%
• 6M: 1.45%
• 1Y: 4.26%
• 3Y*: 6.10%
• 5Y*: 4.86%
• 10Y*: —

GSCYX

• 1D: 0.75%
• 1M: 4.27%
• YTD: 17.55%
• 6M: 15.25%
• 1Y: 30.63%
• 3Y*: 15.54%
• 5Y*: 6.06%
• 10Y*: 10.84%

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

GFSYX vs. GSCYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GFSYX GuideStone Funds Strategic Alternatives Fund	1.00%	5.49%	7.60%	5.98%	-0.57%	4.96%	-0.17%	4.94%	0.14%	1.20%
GSCYX GuideStone Funds Small Cap Equity Fund	17.55%	6.03%	10.58%	14.91%	-17.84%	22.04%	20.07%	25.28%	-12.62%	7.83%

Correlation

The correlation between GFSYX and GSCYX is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (3Y) Calculated over the trailing 3-year period	-0.18
Correlation (5Y) Calculated over the trailing 5-year period	-0.15
Correlation (All Time) Calculated using the full available price history since Jul 20, 2017	0.12

The correlation between GFSYX and GSCYX shifts across timeframes, from -0.20 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GFSYX vs. GSCYX — Risk / Return Rank

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

GFSYX

GFSYX Risk / Return Rank: 50
GFSYX Sharpe Ratio Rank: 42
GFSYX Sortino Ratio Rank: 44
GFSYX Omega Ratio Rank: 47
GFSYX Calmar Ratio Rank: 78
GFSYX Martin Ratio Rank: 39

GSCYX

GSCYX Risk / Return Rank: 48
GSCYX Sharpe Ratio Rank: 43
GSCYX Sortino Ratio Rank: 42
GSCYX Omega Ratio Rank: 38
GSCYX Calmar Ratio Rank: 63
GSCYX Martin Ratio Rank: 57

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.

GFSYX vs. GSCYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuideStone Funds Strategic Alternatives Fund (GFSYX) and GuideStone Funds Small Cap Equity Fund (GSCYX). 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	GSCYX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.77	-0.01
Sortino ratio: Return per unit of downside risk	2.57	2.51	+0.06
Omega ratio: Gain probability vs. loss probability	1.34	1.30	+0.04
Calmar ratio: Return relative to maximum drawdown	3.37	2.92	+0.45
Martin ratio: Return relative to average drawdown	8.05	10.82	-2.77

GFSYX vs. GSCYX - Sharpe Ratio Comparison

The current GFSYX Sharpe Ratio is 1.76, which is comparable to the GSCYX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of GFSYX and GSCYX, 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. GSCYX - Drawdown Comparison

The maximum GFSYX drawdown since its inception was -9.54%, smaller than the maximum GSCYX drawdown of -63.53%. Use the drawdown chart below to compare losses from any high point for GFSYX and GSCYX.

Drawdown Indicators

	GFSYX	GSCYX	Difference
Max Drawdown Largest peak-to-trough decline	-9.54%	-63.53%	+53.99%
Max Drawdown (1Y) Largest decline over 1 year	-1.34%	-11.07%	+9.73%
Max Drawdown (3Y) Largest decline over 3 years	-4.49%	-26.51%	+22.02%
Max Drawdown (5Y) Largest decline over 5 years	-4.49%	-33.95%	+29.46%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.83%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.91%	-15.12%	+14.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	2.98%	-2.42%

Volatility

GFSYX vs. GSCYX - Volatility Comparison

The current volatility for GuideStone Funds Strategic Alternatives Fund (GFSYX) is 0.89%, while GuideStone Funds Small Cap Equity Fund (GSCYX) has a volatility of 5.85%. This indicates that GFSYX experiences smaller price fluctuations and is considered to be less risky than GSCYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFSYX	GSCYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	5.85%	-4.96%
Volatility (6M) Calculated over the trailing 6-month period	1.92%	13.58%	-11.66%
Volatility (1Y) Calculated over the trailing 1-year period	2.57%	18.27%	-15.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.67%	23.58%	-19.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.71%	23.37%	-19.66%

GFSYX vs. GSCYX - Expense Ratio Comparison

GFSYX has a 1.15% expense ratio, which is higher than GSCYX's 0.91% expense ratio.

Dividends

GFSYX vs. GSCYX - Dividend Comparison

GFSYX's dividend yield for the trailing twelve months is around 7.10%, less than GSCYX's 9.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GFSYX GuideStone Funds Strategic Alternatives Fund	7.10%	7.18%	8.54%	13.00%	4.20%	1.59%	1.53%	2.24%	2.17%	0.70%	0.00%	0.00%
GSCYX GuideStone Funds Small Cap Equity Fund	9.62%	11.30%	6.14%	2.65%	5.13%	16.30%	1.07%	3.87%	24.79%	7.81%	1.46%	6.08%

Frequently Asked Questions

Can I hold both GFSYX and GSCYX in my portfolio?

GFSYX and GSCYX have a correlation of -0.20, 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 GSCYX?

GSCYX has higher volatility (5.85%) compared to GFSYX (0.89%). In terms of maximum drawdown, GFSYX dropped -9.54% vs GSCYX's -63.53%.

Which has better risk-adjusted returns?

GSCYX currently has the higher Sharpe Ratio (1.77 vs 1.76), 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.