GGBFX vs. GMDYX
GGBFX (GuideStone Funds Global Bond Fund) and GMDYX (GuideStone Funds Medium-Duration Bond Fund) are both mutual funds - GGBFX is a Global Bonds fund managed by GuideStone Funds, while GMDYX is a Intermediate Core-Plus Bond fund managed by GuideStone Funds. Over the past 10 years, GGBFX returned 1.66%/yr vs 1.89%/yr for GMDYX. A 0.62 correlation means they provide meaningful diversification when combined. GGBFX charges 0.86%/yr vs 0.39%/yr for GMDYX.
Performance
GGBFX vs. GMDYX - Performance Comparison
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Returns By Period
In the year-to-date period, GGBFX achieves a -0.05% return, which is significantly lower than GMDYX's 0.89% return. Over the past 10 years, GGBFX has underperformed GMDYX with an annualized return of 1.66%, while GMDYX has yielded a comparatively higher 1.89% annualized return.
GGBFX
- 1D
- 0.12%
- 1M
- 0.03%
- YTD
- -0.05%
- 6M
- -0.05%
- 1Y
- 2.37%
- 3Y*
- 3.86%
- 5Y*
- -0.64%
- 10Y*
- 1.66%
GMDYX
- 1D
- 0.47%
- 1M
- 0.95%
- YTD
- 0.89%
- 6M
- 1.04%
- 1Y
- 5.20%
- 3Y*
- 4.77%
- 5Y*
- 0.15%
- 10Y*
- 1.89%
GGBFX vs. GMDYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGBFX GuideStone Funds Global Bond Fund | -0.05% | 7.55% | 0.40% | 5.77% | -13.90% | -2.57% | 5.03% | 11.04% | -4.74% | 7.69% |
GMDYX GuideStone Funds Medium-Duration Bond Fund | 0.89% | 8.23% | 1.86% | 6.28% | -14.96% | -2.16% | 9.18% | 9.81% | -0.39% | 4.11% |
Correlation
The correlation between GGBFX and GMDYX is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007 | 0.62 |
The correlation between GGBFX and GMDYX shifts across timeframes, from 0.62 (all time) to 0.88 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GGBFX vs. GMDYX — Risk / Return Rank
GGBFX
GMDYX
GGBFX vs. GMDYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GuideStone Funds Global Bond Fund (GGBFX) and GuideStone Funds Medium-Duration Bond Fund (GMDYX). 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.
| GGBFX | GMDYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.81 | -1.18 |
| Martin ratioReturn relative to average drawdown | 1.87 | 5.18 | -3.32 |
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Drawdowns
GGBFX vs. GMDYX - Drawdown Comparison
The maximum GGBFX drawdown since its inception was -27.03%, which is greater than GMDYX's maximum drawdown of -23.08%. Use the drawdown chart below to compare losses from any high point for GGBFX and GMDYX.
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Drawdown Indicators
| GGBFX | GMDYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.03% | -23.08% | -3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.80% | -2.94% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -6.01% | -6.60% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -20.30% | -0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -20.97% | -20.75% | -0.22% |
Current DrawdownCurrent decline from peak | -4.25% | -1.66% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -6.73% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 1.02% | +0.26% |
Volatility
GGBFX vs. GMDYX - Volatility Comparison
GuideStone Funds Global Bond Fund (GGBFX) and GuideStone Funds Medium-Duration Bond Fund (GMDYX) have volatilities of 1.28% and 1.24%, 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.
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Volatility by Period
| GGBFX | GMDYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.24% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 3.02% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 3.87% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 5.96% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.51% | 4.96% | -0.45% |
GGBFX vs. GMDYX - Expense Ratio Comparison
GGBFX has a 0.86% expense ratio, which is higher than GMDYX's 0.39% expense ratio.
Dividends
GGBFX vs. GMDYX - Dividend Comparison
GGBFX's dividend yield for the trailing twelve months is around 3.06%, less than GMDYX's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGBFX GuideStone Funds Global Bond Fund | 3.06% | 3.05% | 2.88% | 1.10% | 0.95% | 3.55% | 1.44% | 3.29% | 3.13% | 3.45% | 3.96% | 4.01% |
GMDYX GuideStone Funds Medium-Duration Bond Fund | 4.47% | 4.53% | 4.67% | 3.56% | 1.87% | 1.87% | 4.82% | 4.09% | 2.78% | 2.11% | 2.09% | 3.25% |
Frequently Asked Questions
GGBFX and GMDYX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGBFX has higher volatility (1.28%) compared to GMDYX (1.24%). In terms of maximum drawdown, GGBFX dropped -27.03% vs GMDYX's -23.08%.
GMDYX currently has the higher Sharpe Ratio (1.38 vs 0.58), 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.
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