GGEYX vs. GEQZX

Last updated Jun 26, 2026

GGEYX (GuideStone Funds Growth Equity Fund) and GEQZX (GuideStone Funds Equity Index Fund Investor Class) are both mutual funds - GGEYX is a Large Cap Growth Equities fund managed by GuideStone Funds, while GEQZX is a Large Cap Blend Equities fund managed by GuideStone Funds. Over the past 10 years, GGEYX returned 14.73%/yr vs 14.89%/yr for GEQZX. Their correlation of 0.94 suggests significant overlap in exposure. GGEYX charges 0.65%/yr vs 0.39%/yr for GEQZX.

Performance

GGEYX vs. GEQZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuideStone Funds Growth Equity Fund (GGEYX) and GuideStone Funds Equity Index Fund Investor Class (GEQZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGEYX achieves a -0.50% return, which is significantly lower than GEQZX's 7.66% return. Both investments have delivered pretty close results over the past 10 years, with GGEYX having a 14.73% annualized return and GEQZX not far ahead at 14.89%.

GGEYX

• 1D: -0.11%
• 1M: -4.17%
• YTD: -0.50%
• 6M: -1.94%
• 1Y: 9.05%
• 3Y*: 18.10%
• 5Y*: 6.57%
• 10Y*: 14.73%

GEQZX

• 1D: -0.07%
• 1M: -2.12%
• YTD: 7.66%
• 6M: 6.33%
• 1Y: 21.10%
• 3Y*: 20.11%
• 5Y*: 12.02%
• 10Y*: 14.89%

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

GGEYX vs. GEQZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GGEYX GuideStone Funds Growth Equity Fund	-0.50%	13.18%	30.51%	42.26%	-37.71%	17.77%	35.74%	34.83%	0.77%	32.56%
GEQZX GuideStone Funds Equity Index Fund Investor Class	7.66%	16.77%	24.53%	26.17%	-19.99%	27.94%	17.85%	31.34%	-4.74%	21.66%

Correlation

The correlation between GGEYX and GEQZX is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 2, 2002	0.94

The correlation between GGEYX and GEQZX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

GGEYX vs. GEQZX — Risk / Return Rank

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

GGEYX

GGEYX Risk / Return Rank: 8
GGEYX Sharpe Ratio Rank: 9
GGEYX Sortino Ratio Rank: 9
GGEYX Omega Ratio Rank: 9
GGEYX Calmar Ratio Rank: 7
GGEYX Martin Ratio Rank: 7

GEQZX

GEQZX Risk / Return Rank: 53
GEQZX Sharpe Ratio Rank: 51
GEQZX Sortino Ratio Rank: 46
GEQZX Omega Ratio Rank: 49
GEQZX Calmar Ratio Rank: 53
GEQZX Martin Ratio Rank: 67

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.

GGEYX vs. GEQZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuideStone Funds Growth Equity Fund (GGEYX) and GuideStone Funds Equity Index Fund Investor Class (GEQZX). 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.

	GGEYX	GEQZX	Difference
Sharpe ratio: Return per unit of total volatility	0.57	1.70	-1.12
Sortino ratio: Return per unit of downside risk	0.88	2.33	-1.46
Omega ratio: Gain probability vs. loss probability	1.11	1.31	-0.20
Calmar ratio: Return relative to maximum drawdown	0.50	2.36	-1.86
Martin ratio: Return relative to average drawdown	1.43	10.58	-9.16

GGEYX vs. GEQZX - Sharpe Ratio Comparison

The current GGEYX Sharpe Ratio is 0.57, which is lower than the GEQZX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of GGEYX and GEQZX, 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

GGEYX vs. GEQZX - Drawdown Comparison

The maximum GGEYX drawdown since its inception was -54.51%, roughly equal to the maximum GEQZX drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for GGEYX and GEQZX.

Drawdown Indicators

	GGEYX	GEQZX	Difference
Max Drawdown Largest peak-to-trough decline	-54.51%	-55.67%	+1.16%
Max Drawdown (1Y) Largest decline over 1 year	-18.40%	-8.98%	-9.42%
Max Drawdown (3Y) Largest decline over 3 years	-22.78%	-18.69%	-4.09%
Max Drawdown (5Y) Largest decline over 5 years	-49.59%	-26.01%	-23.58%
Max Drawdown (10Y) Largest decline over 10 years	-49.59%	-33.80%	-15.79%
Current Drawdown Current decline from peak	-6.13%	-3.28%	-2.85%
Average Drawdown Average peak-to-trough decline	-11.17%	-8.02%	-3.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.42%	2.00%	+4.42%

Volatility

GGEYX vs. GEQZX - Volatility Comparison

GuideStone Funds Growth Equity Fund (GGEYX) has a higher volatility of 6.19% compared to GuideStone Funds Equity Index Fund Investor Class (GEQZX) at 4.90%. This indicates that GGEYX's price experiences larger fluctuations and is considered to be riskier than GEQZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGEYX	GEQZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	4.90%	+1.29%
Volatility (6M) Calculated over the trailing 6-month period	12.30%	9.90%	+2.40%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	12.52%	+3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.35%	17.02%	+7.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.31%	18.13%	+4.18%

GGEYX vs. GEQZX - Expense Ratio Comparison

GGEYX has a 0.65% expense ratio, which is higher than GEQZX's 0.39% expense ratio.

Dividends

GGEYX vs. GEQZX - Dividend Comparison

GGEYX's dividend yield for the trailing twelve months is around 13.65%, more than GEQZX's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GEQZX GuideStone Funds Equity Index Fund Investor Class	1.17%	1.35%	3.58%	3.71%	1.12%	3.05%	2.13%	2.02%	1.79%	1.94%	1.42%	1.67%
GGEYX GuideStone Funds Growth Equity Fund	13.65%	13.89%	13.54%	4.93%	6.41%	20.36%	15.42%	10.02%	19.42%	10.82%	4.49%	22.22%

Frequently Asked Questions

Can I hold both GGEYX and GEQZX in my portfolio?

With a correlation of 0.94, GGEYX and GEQZX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GGEYX or GEQZX?

GGEYX has higher volatility (6.19%) compared to GEQZX (4.90%). In terms of maximum drawdown, GGEYX dropped -54.51% vs GEQZX's -55.67%.

Which has better risk-adjusted returns?

GEQZX currently has the higher Sharpe Ratio (1.70 vs 0.57), 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.