GGEFX vs. FULVX

Last updated Jul 3, 2026

GGEFX (Summitry Equity Fund) and FULVX (Fidelity U.S. Low Volatility Equity Fund) are both Large Cap Blend Equities funds. A 0.73 correlation means they provide meaningful diversification when combined. GGEFX charges 1.25%/yr vs 0.66%/yr for FULVX.

Performance

GGEFX vs. FULVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Summitry Equity Fund (GGEFX) and Fidelity U.S. Low Volatility Equity Fund (FULVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GGEFX

• 1D: 1.28%
• 1M: 0.59%
• 6M: 0.72%
• YTD: 0.72%
• 1Y: 4.81%
• 3Y*: 15.14%
• 5Y*: 8.76%
• 10Y*: 12.35%

FULVX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GGEFX vs. FULVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GGEFX Summitry Equity Fund	0.72%	11.26%	25.39%	30.93%	-20.46%	25.28%	15.38%	6.80%
FULVX Fidelity U.S. Low Volatility Equity Fund	-0.01%	5.23%	17.76%	6.38%	-10.43%	17.79%	3.83%	4.30%

Correlation

The correlation between GGEFX and FULVX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019	0.73

Over the past year, the correlation between GGEFX and FULVX has dropped to 0.49 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

GGEFX vs. FULVX — Risk / Return Rank

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

GGEFX

GGEFX Risk / Return Rank: 7
GGEFX Sharpe Ratio Rank: 7
GGEFX Sortino Ratio Rank: 7
GGEFX Omega Ratio Rank: 6
GGEFX Calmar Ratio Rank: 6
GGEFX Martin Ratio Rank: 7

FULVX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

GGEFX vs. FULVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Summitry Equity Fund (GGEFX) and Fidelity U.S. Low Volatility Equity Fund (FULVX). 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	FULVX	Difference
Sharpe ratio: Return per unit of total volatility	0.36	—	—
Sortino ratio: Return per unit of downside risk	0.60	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	0.38	—	—
Martin ratio: Return relative to average drawdown	1.22	—	—

Drawdowns

Drawdown Indicators

	GGEFX	FULVX	Difference
Max Drawdown Largest peak-to-trough decline	-37.49%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.49%	—	—
Current Drawdown Current decline from peak	-3.66%	—	—
Average Drawdown Average peak-to-trough decline	-4.72%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.39%	—	—

Volatility

Volatility by Period

	GGEFX	FULVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.82%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.57%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.43%	—	—

GGEFX vs. FULVX - Expense Ratio Comparison

GGEFX has a 1.25% expense ratio, which is higher than FULVX's 0.66% expense ratio.

Dividends

GGEFX vs. FULVX - Dividend Comparison

GGEFX's dividend yield for the trailing twelve months is around 16.79%, more than FULVX's 8.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FULVX Fidelity U.S. Low Volatility Equity Fund	8.06%	6.82%	5.76%	1.65%	4.98%	5.35%	0.62%	0.28%	0.00%	0.00%	0.00%	0.00%
GGEFX Summitry Equity Fund	16.79%	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

Can I hold both GGEFX and FULVX in my portfolio?

GGEFX and FULVX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.