GMCOX vs. PCGTX

Last updated Apr 2, 2026

Compare and contrast key facts about GuideMark Core Fixed Income Fund (GMCOX) and PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX).

GMCOX is managed by GuideMark. It was launched on Jun 29, 2001. PCGTX is managed by UBS. It was launched on Aug 24, 1995.

Performance

GMCOX vs. PCGTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuideMark Core Fixed Income Fund (GMCOX) and PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX). The values are adjusted to include any dividend payments, if applicable.

GMCOX vs. PCGTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GMCOX GuideMark Core Fixed Income Fund	-0.36%	6.56%	1.39%	6.19%	-14.64%	-2.01%	8.13%	8.58%	-1.44%	2.81%
PCGTX PACE Mortgage-Backed Securities Fixed Income Investments	2.74%	7.84%	0.98%	5.12%	-13.48%	-0.61%	5.75%	6.55%	0.17%	2.83%

Returns By Period

In the year-to-date period, GMCOX achieves a -0.36% return, which is significantly lower than PCGTX's 2.74% return. Over the past 10 years, GMCOX has underperformed PCGTX with an annualized return of 1.24%, while PCGTX has yielded a comparatively higher 1.63% annualized return.

GMCOX

• 1D: 0.24%
• 1M: -1.54%
• YTD: -0.36%
• 6M: 0.33%
• 1Y: 3.20%
• 3Y*: 3.47%
• 5Y*: -0.27%
• 10Y*: 1.24%

PCGTX

• 1D: 0.28%
• 1M: -1.39%
• YTD: 2.74%
• 6M: 4.32%
• 1Y: 7.80%
• 3Y*: 4.71%
• 5Y*: 0.32%
• 10Y*: 1.63%

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

GMCOX vs. PCGTX - Expense Ratio Comparison

GMCOX has a 0.95% expense ratio, which is higher than PCGTX's 0.73% expense ratio.

GMCOX

GuideMark Core Fixed Income Fund

PCGTX

PACE Mortgage-Backed Securities Fixed Income Investments

Return for Risk

GMCOX vs. PCGTX — Risk / Return Rank

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

GMCOX

GMCOX Risk / Return Rank: 30
GMCOX Sharpe Ratio Rank: 32
GMCOX Sortino Ratio Rank: 30
GMCOX Omega Ratio Rank: 21
GMCOX Calmar Ratio Rank: 42
GMCOX Martin Ratio Rank: 27

PCGTX

PCGTX Risk / Return Rank: 77
PCGTX Sharpe Ratio Rank: 74
PCGTX Sortino Ratio Rank: 83
PCGTX Omega Ratio Rank: 72
PCGTX Calmar Ratio Rank: 89
PCGTX Martin Ratio Rank: 69

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.

GMCOX vs. PCGTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuideMark Core Fixed Income Fund (GMCOX) and PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX). 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.

	GMCOX	PCGTX	Difference
Sharpe ratio Return per unit of total volatility	0.85	1.43	-0.58
Sortino ratio Return per unit of downside risk	1.24	2.29	-1.06
Omega ratio Gain probability vs. loss probability	1.15	1.30	-0.15
Calmar ratio Return relative to maximum drawdown	1.33	2.69	-1.36
Martin ratio Return relative to average drawdown	3.73	7.64	-3.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMCOX vs. PCGTX - Sharpe Ratio Comparison

The current GMCOX Sharpe Ratio is 0.85, which is lower than the PCGTX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of GMCOX and PCGTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GMCOX	PCGTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	1.43	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.05	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.31	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.97	-0.83

Correlation

The correlation between GMCOX and PCGTX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GMCOX vs. PCGTX - Dividend Comparison

GMCOX's dividend yield for the trailing twelve months is around 3.54%, less than PCGTX's 4.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMCOX GuideMark Core Fixed Income Fund	3.54%	3.54%	3.39%	3.40%	2.27%	2.16%	3.49%	1.45%	2.38%	2.35%	2.29%	2.55%
PCGTX PACE Mortgage-Backed Securities Fixed Income Investments	4.43%	3.78%	5.36%	5.02%	3.67%	2.87%	3.23%	3.53%	3.34%	2.96%	2.71%	2.21%

Drawdowns

GMCOX vs. PCGTX - Drawdown Comparison

The maximum GMCOX drawdown since its inception was -28.49%, which is greater than PCGTX's maximum drawdown of -19.34%. Use the drawdown chart below to compare losses from any high point for GMCOX and PCGTX.

Drawdown Indicators

	GMCOX	PCGTX	Difference
Max Drawdown Largest peak-to-trough decline	-28.49%	-19.34%	-9.15%
Max Drawdown (1Y) Largest decline over 1 year	-2.89%	-3.10%	+0.21%
Max Drawdown (5Y) Largest decline over 5 years	-19.75%	-19.20%	-0.55%
Max Drawdown (10Y) Largest decline over 10 years	-20.36%	-19.34%	-1.02%
Current Drawdown Current decline from peak	-4.61%	-1.57%	-3.04%
Average Drawdown Average peak-to-trough decline	-7.83%	-1.86%	-5.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	1.09%	-0.06%

Volatility

GMCOX vs. PCGTX - Volatility Comparison

The current volatility for GuideMark Core Fixed Income Fund (GMCOX) is 1.59%, while PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) has a volatility of 2.15%. This indicates that GMCOX experiences smaller price fluctuations and is considered to be less risky than PCGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMCOX	PCGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.59%	2.15%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	2.60%	4.14%	-1.54%
Volatility (1Y) Calculated over the trailing 1-year period	4.39%	6.23%	-1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.92%	7.10%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.97%	5.35%	-0.38%