GMLGX vs. SPY
Compare and contrast key facts about GuideMark Large Cap Core Fund (GMLGX) and State Street SPDR S&P 500 ETF (SPY).
GMLGX is managed by GuideMark. It was launched on Jun 29, 2001. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
GMLGX vs. SPY - Performance Comparison
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GMLGX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMLGX GuideMark Large Cap Core Fund | -7.74% | 14.26% | 22.35% | 25.27% | -19.10% | 26.33% | 22.21% | 28.12% | -5.53% | 20.65% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, GMLGX achieves a -7.74% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, GMLGX has underperformed SPY with an annualized return of 11.99%, while SPY has yielded a comparatively higher 14.06% annualized return.
GMLGX
- 1D
- -0.31%
- 1M
- -7.21%
- YTD
- -7.74%
- 6M
- -5.43%
- 1Y
- 12.05%
- 3Y*
- 15.02%
- 5Y*
- 9.18%
- 10Y*
- 11.99%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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GMLGX vs. SPY - Expense Ratio Comparison
GMLGX has a 0.89% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
GMLGX vs. SPY — Risk / Return Rank
GMLGX
SPY
GMLGX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GuideMark Large Cap Core Fund (GMLGX) and State Street SPDR S&P 500 ETF (SPY). 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.
| GMLGX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 0.96 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.11 | 1.49 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.53 | -0.74 |
Martin ratioReturn relative to average drawdown | 3.58 | 7.27 | -3.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GMLGX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 0.96 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.70 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.79 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.56 | -0.21 |
Correlation
The correlation between GMLGX and SPY is 0.95, 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
GMLGX vs. SPY - Dividend Comparison
GMLGX's dividend yield for the trailing twelve months is around 20.04%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMLGX GuideMark Large Cap Core Fund | 20.04% | 18.49% | 4.20% | 0.75% | 10.27% | 3.03% | 0.38% | 1.01% | 2.22% | 4.25% | 2.99% | 3.08% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
GMLGX vs. SPY - Drawdown Comparison
The maximum GMLGX drawdown since its inception was -56.56%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GMLGX and SPY.
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Drawdown Indicators
| GMLGX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.56% | -55.19% | -1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.82% | -12.05% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -25.54% | -24.50% | -1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -35.15% | -33.72% | -1.43% |
Current DrawdownCurrent decline from peak | -9.59% | -5.53% | -4.06% |
Average DrawdownAverage peak-to-trough decline | -9.51% | -9.09% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.54% | +0.30% |
Volatility
GMLGX vs. SPY - Volatility Comparison
The current volatility for GuideMark Large Cap Core Fund (GMLGX) is 4.02%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that GMLGX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMLGX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 5.35% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.05% | 9.50% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.53% | 19.06% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 17.06% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.63% | 17.92% | +0.71% |