GPSTX vs. GMSMX

Last updated Jun 23, 2026

GPSTX (GuidePath Growth Allocation Fund) and GMSMX (GuideMark Small/Mid Cap Core Fund) are both mutual funds - GPSTX is a Global Equities fund managed by GuideMark, while GMSMX is a Small Cap Blend Equities fund managed by GuideMark. Over the past 10 years, GPSTX returned 12.06%/yr vs 11.81%/yr for GMSMX. Their correlation of 0.87 suggests significant overlap in exposure. GPSTX charges 0.64%/yr vs 1.17%/yr for GMSMX.

Performance

GPSTX vs. GMSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuidePath Growth Allocation Fund (GPSTX) and GuideMark Small/Mid Cap Core Fund (GMSMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPSTX achieves a 11.67% return, which is significantly lower than GMSMX's 18.39% return. Both investments have delivered pretty close results over the past 10 years, with GPSTX having a 12.06% annualized return and GMSMX not far behind at 11.81%.

GPSTX

• 1D: 1.26%
• 1M: 1.85%
• YTD: 11.67%
• 6M: 11.23%
• 1Y: 28.11%
• 3Y*: 19.31%
• 5Y*: 10.42%
• 10Y*: 12.06%

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%

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

GPSTX vs. GMSMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GPSTX GuidePath Growth Allocation Fund	11.67%	19.64%	17.49%	24.10%	-22.19%	19.33%	19.40%	25.67%	-10.35%	21.98%
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%

Correlation

The correlation between GPSTX and GMSMX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012	0.87

The correlation between GPSTX and GMSMX has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

Return for Risk

GPSTX vs. GMSMX — Risk / Return Rank

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

GPSTX

GPSTX Risk / Return Rank: 57
GPSTX Sharpe Ratio Rank: 55
GPSTX Sortino Ratio Rank: 51
GPSTX Omega Ratio Rank: 52
GPSTX Calmar Ratio Rank: 57
GPSTX Martin Ratio Rank: 68

GMSMX

GMSMX Risk / Return Rank: 56
GMSMX Sharpe Ratio Rank: 47
GMSMX Sortino Ratio Rank: 48
GMSMX Omega Ratio Rank: 42
GMSMX Calmar Ratio Rank: 82
GMSMX Martin Ratio Rank: 62

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.

GPSTX vs. GMSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuidePath Growth Allocation Fund (GPSTX) and GuideMark Small/Mid Cap Core Fund (GMSMX). 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.

	GPSTX	GMSMX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.87	+0.14
Sortino ratio: Return per unit of downside risk	2.76	2.70	+0.06
Omega ratio: Gain probability vs. loss probability	1.36	1.32	+0.04
Calmar ratio: Return relative to maximum drawdown	2.80	3.53	-0.74
Martin ratio: Return relative to average drawdown	12.29	11.52	+0.77

GPSTX vs. GMSMX - Sharpe Ratio Comparison

The current GPSTX Sharpe Ratio is 2.01, which is comparable to the GMSMX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of GPSTX and GMSMX, 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

GPSTX vs. GMSMX - Drawdown Comparison

The maximum GPSTX drawdown since its inception was -33.18%, smaller than the maximum GMSMX drawdown of -70.55%. Use the drawdown chart below to compare losses from any high point for GPSTX and GMSMX.

Drawdown Indicators

	GPSTX	GMSMX	Difference
Max Drawdown Largest peak-to-trough decline	-33.18%	-70.55%	+37.37%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-9.22%	-0.70%
Max Drawdown (3Y) Largest decline over 3 years	-18.04%	-24.90%	+6.86%
Max Drawdown (5Y) Largest decline over 5 years	-30.30%	-28.90%	-1.40%
Max Drawdown (10Y) Largest decline over 10 years	-33.18%	-41.31%	+8.13%
Current Drawdown Current decline from peak	-0.53%	0.00%	-0.53%
Average Drawdown Average peak-to-trough decline	-5.65%	-14.80%	+9.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	2.82%	-0.57%

Volatility

GPSTX vs. GMSMX - Volatility Comparison

GuidePath Growth Allocation Fund (GPSTX) and GuideMark Small/Mid Cap Core Fund (GMSMX) have volatilities of 5.43% and 5.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPSTX	GMSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.43%	5.66%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	11.29%	12.95%	-1.66%
Volatility (1Y) Calculated over the trailing 1-year period	13.83%	17.46%	-3.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.16%	20.91%	-3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.37%	21.78%	-4.41%

GPSTX vs. GMSMX - Expense Ratio Comparison

GPSTX has a 0.64% expense ratio, which is lower than GMSMX's 1.17% expense ratio.

Dividends

GPSTX vs. GMSMX - Dividend Comparison

GPSTX's dividend yield for the trailing twelve months is around 4.25%, less than GMSMX's 5.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
GPSTX GuidePath Growth Allocation Fund	4.25%	4.75%	4.45%	2.00%	4.13%	2.65%	1.82%	1.11%	1.40%	12.56%	4.21%	2.98%

Frequently Asked Questions

Can I hold both GPSTX and GMSMX in my portfolio?

GPSTX and GMSMX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPSTX or GMSMX?

GMSMX has higher volatility (5.66%) compared to GPSTX (5.43%). In terms of maximum drawdown, GPSTX dropped -33.18% vs GMSMX's -70.55%.

Which has better risk-adjusted returns?

GPSTX currently has the higher Sharpe Ratio (2.01 vs 1.87), 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.