GMFZX vs. GGBZX

Last updated Jun 26, 2026

GMFZX (GuideStone Funds MyDestination 2045 Fund) and GGBZX (GuideStone Funds Aggressive Allocation Fund) are both mutual funds - GMFZX is a Target Retirement Date fund managed by GuideStone Funds, while GGBZX is a Global Equities fund managed by GuideStone Funds. Over the past 10 years, GMFZX returned 11.17%/yr vs 11.80%/yr for GGBZX. With a 0.99 correlation, they move nearly in lockstep. GMFZX charges 0.38%/yr vs 0.39%/yr for GGBZX.

Performance

GMFZX vs. GGBZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuideStone Funds MyDestination 2045 Fund (GMFZX) and GuideStone Funds Aggressive Allocation Fund (GGBZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with GMFZX having a 8.30% return and GGBZX slightly higher at 8.42%. Over the past 10 years, GMFZX has underperformed GGBZX with an annualized return of 11.17%, while GGBZX has yielded a comparatively higher 11.80% annualized return.

GMFZX

• 1D: 0.00%
• 1M: -1.11%
• YTD: 8.30%
• 6M: 7.40%
• 1Y: 19.78%
• 3Y*: 16.56%
• 5Y*: 8.47%
• 10Y*: 11.17%

GGBZX

• 1D: 0.00%
• 1M: -1.19%
• YTD: 8.42%
• 6M: 7.49%
• 1Y: 19.90%
• 3Y*: 17.62%
• 5Y*: 8.18%
• 10Y*: 11.80%

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

GMFZX vs. GGBZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GMFZX GuideStone Funds MyDestination 2045 Fund	8.30%	18.22%	14.21%	18.70%	-17.40%	16.30%	13.82%	24.26%	-7.79%	20.91%
GGBZX GuideStone Funds Aggressive Allocation Fund	8.42%	19.62%	15.45%	20.67%	-19.61%	14.95%	15.47%	26.93%	-10.15%	25.53%

Correlation

The correlation between GMFZX and GGBZX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.99

The correlation between GMFZX and GGBZX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

GMFZX vs. GGBZX — Risk / Return Rank

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

GMFZX

GMFZX Risk / Return Rank: 52
GMFZX Sharpe Ratio Rank: 50
GMFZX Sortino Ratio Rank: 48
GMFZX Omega Ratio Rank: 50
GMFZX Calmar Ratio Rank: 48
GMFZX Martin Ratio Rank: 61

GGBZX

GGBZX Risk / Return Rank: 39
GGBZX Sharpe Ratio Rank: 38
GGBZX Sortino Ratio Rank: 36
GGBZX Omega Ratio Rank: 38
GGBZX Calmar Ratio Rank: 37
GGBZX Martin Ratio Rank: 46

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.

GMFZX vs. GGBZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuideStone Funds MyDestination 2045 Fund (GMFZX) and GuideStone Funds Aggressive Allocation Fund (GGBZX). 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.

	GMFZX	GGBZX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.48	+0.24
Sortino ratio: Return per unit of downside risk	2.39	2.06	+0.33
Omega ratio: Gain probability vs. loss probability	1.31	1.27	+0.04
Calmar ratio: Return relative to maximum drawdown	2.29	1.97	+0.32
Martin ratio: Return relative to average drawdown	10.02	8.35	+1.67

GMFZX vs. GGBZX - Sharpe Ratio Comparison

The current GMFZX Sharpe Ratio is 1.71, which is comparable to the GGBZX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of GMFZX and GGBZX, 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

GMFZX vs. GGBZX - Drawdown Comparison

The maximum GMFZX drawdown since its inception was -60.03%, roughly equal to the maximum GGBZX drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for GMFZX and GGBZX.

Drawdown Indicators

	GMFZX	GGBZX	Difference
Max Drawdown Largest peak-to-trough decline	-60.03%	-57.68%	-2.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.59%	-10.02%	+1.43%
Max Drawdown (3Y) Largest decline over 3 years	-14.13%	-16.21%	+2.08%
Max Drawdown (5Y) Largest decline over 5 years	-24.61%	-28.31%	+3.70%
Max Drawdown (10Y) Largest decline over 10 years	-30.18%	-33.03%	+2.85%
Current Drawdown Current decline from peak	-2.00%	-2.55%	+0.55%
Average Drawdown Average peak-to-trough decline	-9.64%	-9.21%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	2.36%	-0.40%

Volatility

GMFZX vs. GGBZX - Volatility Comparison

The current volatility for GuideStone Funds MyDestination 2045 Fund (GMFZX) is 4.67%, while GuideStone Funds Aggressive Allocation Fund (GGBZX) has a volatility of 5.60%. This indicates that GMFZX experiences smaller price fluctuations and is considered to be less risky than GGBZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMFZX	GGBZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	5.60%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	9.52%	11.09%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	11.55%	13.44%	-1.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.65%	15.61%	-1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.36%	16.42%	-2.06%

GMFZX vs. GGBZX - Expense Ratio Comparison

GMFZX has a 0.38% expense ratio, which is lower than GGBZX's 0.39% expense ratio.

Dividends

GMFZX vs. GGBZX - Dividend Comparison

GMFZX's dividend yield for the trailing twelve months is around 4.16%, less than GGBZX's 10.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGBZX GuideStone Funds Aggressive Allocation Fund	10.67%	11.57%	3.37%	3.51%	13.16%	7.72%	6.01%	12.14%	3.94%	7.18%	9.55%	27.06%
GMFZX GuideStone Funds MyDestination 2045 Fund	4.16%	4.50%	5.87%	3.27%	6.81%	5.46%	2.36%	3.33%	7.99%	4.37%	3.97%	19.91%

Frequently Asked Questions

Can I hold both GMFZX and GGBZX in my portfolio?

With a correlation of 0.99, GMFZX and GGBZX 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, GMFZX or GGBZX?

GGBZX has higher volatility (5.60%) compared to GMFZX (4.67%). In terms of maximum drawdown, GMFZX dropped -60.03% vs GGBZX's -57.68%.

Which has better risk-adjusted returns?

GMFZX currently has the higher Sharpe Ratio (1.71 vs 1.48), 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.