GPARX vs. WISEX

Last updated Jun 4, 2026

GPARX (GuidePath Absolute Return Allocation Fund) and WISEX (Azzad Wise Capital Fund) are both Short-Term Bond funds. Over the past 10 years, GPARX returned 3.54%/yr vs 2.40%/yr for WISEX. At a 0.45 correlation, their price movements are largely independent. GPARX charges 0.99%/yr vs 0.89%/yr for WISEX.

Performance

GPARX vs. WISEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuidePath Absolute Return Allocation Fund (GPARX) and Azzad Wise Capital Fund (WISEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPARX achieves a 10.27% return, which is significantly higher than WISEX's 0.51% return. Over the past 10 years, GPARX has outperformed WISEX with an annualized return of 3.54%, while WISEX has yielded a comparatively lower 2.40% annualized return.

GPARX

• 1D: 0.28%
• 1M: 1.33%
• YTD: 10.27%
• 6M: 11.59%
• 1Y: 16.08%
• 3Y*: 8.81%
• 5Y*: 3.40%
• 10Y*: 3.54%

WISEX

• 1D: 0.00%
• 1M: 0.32%
• YTD: 0.51%
• 6M: 0.74%
• 1Y: 3.65%
• 3Y*: 4.24%
• 5Y*: 2.30%
• 10Y*: 2.40%

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

GPARX vs. WISEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GPARX GuidePath Absolute Return Allocation Fund	10.27%	7.42%	4.20%	6.87%	-10.82%	0.75%	3.92%	7.47%	-1.64%	4.50%
WISEX Azzad Wise Capital Fund	0.51%	5.29%	4.53%	3.90%	-3.37%	1.99%	3.52%	5.23%	-0.08%	2.68%

Correlation

The correlation between GPARX and WISEX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jan 4, 2012	0.45

Over the past year, the correlation between GPARX and WISEX has dropped to 0.22 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.

Return for Risk

GPARX vs. WISEX — Risk / Return Rank

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

GPARX

GPARX Risk / Return Rank: 74
GPARX Sharpe Ratio Rank: 70
GPARX Sortino Ratio Rank: 59
GPARX Omega Ratio Rank: 82
GPARX Calmar Ratio Rank: 76
GPARX Martin Ratio Rank: 85

WISEX

WISEX Risk / Return Rank: 65
WISEX Sharpe Ratio Rank: 87
WISEX Sortino Ratio Rank: 92
WISEX Omega Ratio Rank: 94
WISEX Calmar Ratio Rank: 26
WISEX Martin Ratio Rank: 27

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.

GPARX vs. WISEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuidePath Absolute Return Allocation Fund (GPARX) and Azzad Wise Capital Fund (WISEX). 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.

	GPARX	WISEX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.85	-0.42
Sortino ratio: Return per unit of downside risk	3.22	4.53	-1.31
Omega ratio: Gain probability vs. loss probability	1.55	1.74	-0.19
Calmar ratio: Return relative to maximum drawdown	3.45	1.91	+1.54
Martin ratio: Return relative to average drawdown	16.10	6.46	+9.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPARX vs. WISEX - Sharpe Ratio Comparison

The current GPARX Sharpe Ratio is 2.43, which is comparable to the WISEX Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of GPARX and WISEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GPARX	WISEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.85	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	1.51	-0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	1.47	-0.63
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	1.35	-0.52

Drawdowns

GPARX vs. WISEX - Drawdown Comparison

The maximum GPARX drawdown since its inception was -15.56%, which is greater than WISEX's maximum drawdown of -5.28%. Use the drawdown chart below to compare losses from any high point for GPARX and WISEX.

Drawdown Indicators

	GPARX	WISEX	Difference
Max Drawdown Largest peak-to-trough decline	-15.56%	-5.28%	-10.28%
Max Drawdown (1Y) Largest decline over 1 year	-4.68%	-1.92%	-2.76%
Max Drawdown (3Y) Largest decline over 3 years	-4.68%	-1.92%	-2.76%
Max Drawdown (5Y) Largest decline over 5 years	-15.56%	-5.28%	-10.28%
Max Drawdown (10Y) Largest decline over 10 years	-15.56%	-5.28%	-10.28%
Current Drawdown Current decline from peak	-0.37%	-0.67%	+0.30%
Average Drawdown Average peak-to-trough decline	-2.38%	-0.66%	-1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	0.57%	+0.43%

Volatility

GPARX vs. WISEX - Volatility Comparison

GuidePath Absolute Return Allocation Fund (GPARX) has a higher volatility of 1.64% compared to Azzad Wise Capital Fund (WISEX) at 0.44%. This indicates that GPARX's price experiences larger fluctuations and is considered to be riskier than WISEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPARX	WISEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.64%	0.44%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	6.00%	1.08%	+4.92%
Volatility (1Y) Calculated over the trailing 1-year period	6.63%	1.29%	+5.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.02%	1.53%	+3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.26%	1.64%	+2.62%

GPARX vs. WISEX - Expense Ratio Comparison

GPARX has a 0.99% expense ratio, which is higher than WISEX's 0.89% expense ratio.

Dividends

GPARX vs. WISEX - Dividend Comparison

GPARX's dividend yield for the trailing twelve months is around 3.00%, less than WISEX's 3.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPARX GuidePath Absolute Return Allocation Fund	3.00%	3.31%	4.99%	4.81%	2.42%	1.99%	2.45%	2.76%	2.27%	1.60%	3.17%	2.15%
WISEX Azzad Wise Capital Fund	3.62%	3.56%	3.59%	2.20%	1.54%	1.42%	1.31%	1.84%	1.66%	1.11%	0.99%	0.47%

Frequently Asked Questions

Can I hold both GPARX and WISEX in my portfolio?

GPARX and WISEX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPARX or WISEX?

GPARX has higher volatility (1.64%) compared to WISEX (0.44%). In terms of maximum drawdown, GPARX dropped -15.56% vs WISEX's -5.28%.

Which has better risk-adjusted returns?

WISEX currently has the higher Sharpe Ratio (2.85 vs 2.43), 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.