GMSMX vs. GMCOX
GMSMX (GuideMark Small/Mid Cap Core Fund) and GMCOX (GuideMark Core Fixed Income Fund) are both mutual funds - GMSMX is a Small Cap Blend Equities fund managed by GuideMark, while GMCOX is a Intermediate Core Bond fund managed by GuideMark. Over the past 10 years, GMSMX returned 11.81%/yr vs 1.16%/yr for GMCOX. At a correlation of -0.13, they often move in opposite directions. GMSMX charges 1.17%/yr vs 0.95%/yr for GMCOX.
Performance
GMSMX vs. GMCOX - Performance Comparison
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Returns By Period
Over the past 10 years, GMSMX has outperformed GMCOX with an annualized return of 11.81%, while GMCOX has yielded a comparatively lower 1.16% annualized return.
GMSMX
- 1D
- 1.73%
- 1M
- 4.76%
- YTD
- 18.39%
- 6M
- 15.41%
- 1Y
- 32.36%
- 3Y*
- 16.67%
- 5Y*
- 7.89%
- 10Y*
- 11.81%
GMCOX
- 1D
- 0.00%
- 1M
- 0.85%
- YTD
- 0.00%
- 6M
- 0.34%
- 1Y
- 4.08%
- 3Y*
- 3.80%
- 5Y*
- -0.46%
- 10Y*
- 1.16%
GMSMX vs. GMCOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMSMX GuideMark Small/Mid Cap Core Fund | 18.39% | 8.76% | 11.29% | 17.73% | -18.23% | 24.45% | 21.98% | 23.25% | -9.38% | 14.46% |
GMCOX GuideMark Core Fixed Income Fund | 0.00% | 6.56% | 1.39% | 6.19% | -14.64% | -2.01% | 8.13% | 8.58% | -1.44% | 2.81% |
Correlation
The correlation between GMSMX and GMCOX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2002 | -0.13 |
The correlation between GMSMX and GMCOX shifts across timeframes, from -0.13 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GMSMX vs. GMCOX — Risk / Return Rank
GMSMX
GMCOX
GMSMX vs. GMCOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GuideMark Small/Mid Cap Core Fund (GMSMX) and GuideMark Core Fixed Income Fund (GMCOX). 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.
| GMSMX | GMCOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.20 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 1.43 | +2.11 |
| Martin ratioReturn relative to average drawdown | 11.52 | 3.99 | +7.54 |
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Drawdowns
GMSMX vs. GMCOX - Drawdown Comparison
The maximum GMSMX drawdown since its inception was -70.55%, which is greater than GMCOX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for GMSMX and GMCOX.
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Drawdown Indicators
| GMSMX | GMCOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.55% | -28.49% | -42.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -2.96% | -6.26% |
Max Drawdown (3Y)Largest decline over 3 years | -24.90% | -6.46% | -18.44% |
Max Drawdown (5Y)Largest decline over 5 years | -28.90% | -19.75% | -9.15% |
Max Drawdown (10Y)Largest decline over 10 years | -41.31% | -20.36% | -20.95% |
Current DrawdownCurrent decline from peak | 0.00% | -4.27% | +4.27% |
Average DrawdownAverage peak-to-trough decline | -14.80% | -7.80% | -7.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 1.06% | +1.76% |
Volatility
GMSMX vs. GMCOX - Volatility Comparison
GuideMark Small/Mid Cap Core Fund (GMSMX) has a higher volatility of 5.66% compared to GuideMark Core Fixed Income Fund (GMCOX) at 1.08%. This indicates that GMSMX's price experiences larger fluctuations and is considered to be riskier than GMCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMSMX | GMCOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 1.08% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 2.74% | +10.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 3.81% | +13.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.91% | 5.94% | +14.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 4.98% | +16.80% |
GMSMX vs. GMCOX - Expense Ratio Comparison
GMSMX has a 1.17% expense ratio, which is higher than GMCOX's 0.95% expense ratio.
Dividends
GMSMX vs. GMCOX - Dividend Comparison
GMSMX's dividend yield for the trailing twelve months is around 5.84%, more than GMCOX's 3.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMCOX GuideMark Core Fixed Income Fund | 3.53% | 3.54% | 3.39% | 3.40% | 2.27% | 2.16% | 3.49% | 1.45% | 2.38% | 2.35% | 2.29% | 2.55% |
GMSMX GuideMark Small/Mid Cap Core Fund | 5.84% | 6.91% | 9.08% | 0.67% | 2.29% | 11.71% | 2.06% | 1.43% | 6.72% | 34.90% | 0.28% | 2.83% |
Frequently Asked Questions
GMSMX and GMCOX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMSMX has higher volatility (5.66%) compared to GMCOX (1.08%). In terms of maximum drawdown, GMSMX dropped -70.55% vs GMCOX's -28.49%.
GMSMX currently has the higher Sharpe Ratio (1.87 vs 1.11), 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.
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