GGEFX vs. FSKAX
GGEFX (Summitry Equity Fund) and FSKAX (Fidelity Total Market Index Fund) are both Large Cap Blend Equities funds. Over the past 10 years, GGEFX returned 12.00%/yr vs 15.04%/yr for FSKAX. Their correlation of 0.93 suggests significant overlap in exposure. GGEFX charges 1.25%/yr vs 0.01%/yr for FSKAX.
Performance
GGEFX vs. FSKAX - Performance Comparison
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Returns By Period
In the year-to-date period, GGEFX achieves a -1.23% return, which is significantly lower than FSKAX's 10.81% return. Over the past 10 years, GGEFX has underperformed FSKAX with an annualized return of 12.00%, while FSKAX has yielded a comparatively higher 15.04% annualized return.
GGEFX
- 1D
- 1.04%
- 1M
- -0.73%
- YTD
- -1.23%
- 6M
- -1.23%
- 1Y
- 8.05%
- 3Y*
- 15.08%
- 5Y*
- 9.35%
- 10Y*
- 12.00%
FSKAX
- 1D
- 1.15%
- 1M
- 0.90%
- YTD
- 10.81%
- 6M
- 10.02%
- 1Y
- 27.57%
- 3Y*
- 20.73%
- 5Y*
- 12.91%
- 10Y*
- 15.04%
GGEFX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGEFX Summitry Equity Fund | -1.23% | 11.26% | 25.39% | 30.93% | -20.46% | 25.28% | 15.38% | 29.92% | -7.63% | 12.55% |
FSKAX Fidelity Total Market Index Fund | 10.81% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Correlation
The correlation between GGEFX and FSKAX is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2011 | 0.93 |
The correlation between GGEFX and FSKAX has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.
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Return for Risk
GGEFX vs. FSKAX — Risk / Return Rank
GGEFX
FSKAX
GGEFX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Summitry Equity Fund (GGEFX) and Fidelity Total Market Index Fund (FSKAX). 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.
| GGEFX | FSKAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.38 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 3.08 | -2.52 |
| Martin ratioReturn relative to average drawdown | 1.80 | 13.71 | -11.92 |
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Drawdowns
GGEFX vs. FSKAX - Drawdown Comparison
The maximum GGEFX drawdown since its inception was -37.49%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for GGEFX and FSKAX.
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Drawdown Indicators
| GGEFX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.49% | -35.01% | -2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -13.97% | -8.92% | -5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -20.03% | -19.43% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -27.12% | -25.39% | -1.73% |
Max Drawdown (10Y)Largest decline over 10 years | -37.49% | -35.01% | -2.48% |
Current DrawdownCurrent decline from peak | -5.52% | -1.14% | -4.38% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -4.01% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 2.00% | +2.27% |
Volatility
GGEFX vs. FSKAX - Volatility Comparison
Summitry Equity Fund (GGEFX) and Fidelity Total Market Index Fund (FSKAX) have volatilities of 4.82% and 4.91%, 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
| GGEFX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 4.91% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.72% | 10.16% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 12.88% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 17.51% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.52% | 18.50% | +1.02% |
GGEFX vs. FSKAX - Expense Ratio Comparison
GGEFX has a 1.25% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Dividends
GGEFX vs. FSKAX - Dividend Comparison
GGEFX's dividend yield for the trailing twelve months is around 17.12%, more than FSKAX's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 0.94% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
GGEFX Summitry Equity Fund | 17.12% | 16.91% | 9.19% | 8.39% | 16.43% | 6.82% | 0.00% | 5.18% | 8.33% | 8.20% | 7.93% | 12.92% |
Frequently Asked Questions
GGEFX and FSKAX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSKAX has higher volatility (4.91%) compared to GGEFX (4.82%). In terms of maximum drawdown, GGEFX dropped -37.49% vs FSKAX's -35.01%.
FSKAX currently has the higher Sharpe Ratio (2.13 vs 0.52), 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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