GPTUX vs. GMSMX

Last updated Jun 24, 2026

GPTUX (GuidePath Tactical Allocation Fund) and GMSMX (GuideMark Small/Mid Cap Core Fund) are both mutual funds - GPTUX is a Tactical Allocation fund managed by GuideMark, while GMSMX is a Small Cap Blend Equities fund managed by GuideMark. Over the past 10 years, GPTUX returned 9.49%/yr vs 12.18%/yr for GMSMX. Their correlation of 0.84 suggests significant overlap in exposure. GPTUX charges 0.79%/yr vs 1.17%/yr for GMSMX.

Performance

GPTUX vs. GMSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuidePath Tactical Allocation Fund (GPTUX) 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, GPTUX achieves a 7.03% return, which is significantly lower than GMSMX's 19.35% return. Over the past 10 years, GPTUX has underperformed GMSMX with an annualized return of 9.49%, while GMSMX has yielded a comparatively higher 12.18% annualized return.

GPTUX

• 1D: -0.35%
• 1M: 0.93%
• YTD: 7.03%
• 6M: 5.68%
• 1Y: 17.43%
• 3Y*: 14.68%
• 5Y*: 10.28%
• 10Y*: 9.49%

GMSMX

• 1D: 0.81%
• 1M: 5.60%
• YTD: 19.35%
• 6M: 16.88%
• 1Y: 31.83%
• 3Y*: 17.89%
• 5Y*: 7.48%
• 10Y*: 12.18%

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

GPTUX vs. GMSMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GPTUX GuidePath Tactical Allocation Fund	7.03%	7.08%	20.29%	14.85%	-6.15%	19.72%	-3.42%	20.50%	-4.54%	18.93%
GMSMX GuideMark Small/Mid Cap Core Fund	19.35%	8.76%	11.29%	17.73%	-18.23%	24.45%	21.98%	23.25%	-9.38%	14.46%

Correlation

The correlation between GPTUX and GMSMX is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012	0.84

The correlation between GPTUX and GMSMX has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

Return for Risk

GPTUX vs. GMSMX — Risk / Return Rank

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

GPTUX

GPTUX Risk / Return Rank: 33
GPTUX Sharpe Ratio Rank: 30
GPTUX Sortino Ratio Rank: 29
GPTUX Omega Ratio Rank: 28
GPTUX Calmar Ratio Rank: 39
GPTUX Martin Ratio Rank: 42

GMSMX

GMSMX Risk / Return Rank: 58
GMSMX Sharpe Ratio Rank: 50
GMSMX Sortino Ratio Rank: 51
GMSMX Omega Ratio Rank: 43
GMSMX Calmar Ratio Rank: 83
GMSMX Martin Ratio Rank: 64

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.

GPTUX vs. GMSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuidePath Tactical Allocation Fund (GPTUX) 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.

	GPTUX	GMSMX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.92	-0.48
Sortino ratio: Return per unit of downside risk	2.05	2.77	-0.72
Omega ratio: Gain probability vs. loss probability	1.25	1.33	-0.08
Calmar ratio: Return relative to maximum drawdown	2.25	3.64	-1.39
Martin ratio: Return relative to average drawdown	8.51	11.88	-3.36

GPTUX vs. GMSMX - Sharpe Ratio Comparison

The current GPTUX Sharpe Ratio is 1.44, which is comparable to the GMSMX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of GPTUX 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

GPTUX vs. GMSMX - Drawdown Comparison

The maximum GPTUX drawdown since its inception was -22.84%, smaller than the maximum GMSMX drawdown of -70.55%. Use the drawdown chart below to compare losses from any high point for GPTUX and GMSMX.

Drawdown Indicators

	GPTUX	GMSMX	Difference
Max Drawdown Largest peak-to-trough decline	-22.84%	-70.55%	+47.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	-9.22%	+0.91%
Max Drawdown (3Y) Largest decline over 3 years	-16.31%	-24.90%	+8.59%
Max Drawdown (5Y) Largest decline over 5 years	-16.31%	-28.90%	+12.59%
Max Drawdown (10Y) Largest decline over 10 years	-22.84%	-41.31%	+18.47%
Current Drawdown Current decline from peak	-0.77%	0.00%	-0.77%
Average Drawdown Average peak-to-trough decline	-4.31%	-14.80%	+10.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.82%	-0.63%

Volatility

GPTUX vs. GMSMX - Volatility Comparison

The current volatility for GuidePath Tactical Allocation Fund (GPTUX) is 5.00%, while GuideMark Small/Mid Cap Core Fund (GMSMX) has a volatility of 5.41%. This indicates that GPTUX experiences smaller price fluctuations and is considered to be less risky than GMSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPTUX	GMSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	5.41%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	10.18%	12.95%	-2.77%
Volatility (1Y) Calculated over the trailing 1-year period	12.97%	17.51%	-4.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.07%	20.91%	-7.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.97%	21.78%	-8.81%

GPTUX vs. GMSMX - Expense Ratio Comparison

GPTUX has a 0.79% expense ratio, which is lower than GMSMX's 1.17% expense ratio.

Dividends

GPTUX vs. GMSMX - Dividend Comparison

GPTUX's dividend yield for the trailing twelve months is around 7.82%, more than GMSMX's 5.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMSMX GuideMark Small/Mid Cap Core Fund	5.79%	6.91%	9.08%	0.67%	2.29%	11.71%	2.06%	1.43%	6.72%	34.90%	0.28%	2.83%
GPTUX GuidePath Tactical Allocation Fund	7.82%	8.37%	6.41%	1.24%	4.81%	10.27%	4.82%	4.34%	4.68%	3.43%	1.05%	1.05%

Frequently Asked Questions

Can I hold both GPTUX and GMSMX in my portfolio?

GPTUX and GMSMX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPTUX or GMSMX?

GMSMX has higher volatility (5.41%) compared to GPTUX (5.00%). In terms of maximum drawdown, GPTUX dropped -22.84% vs GMSMX's -70.55%.

Which has better risk-adjusted returns?

GMSMX currently has the higher Sharpe Ratio (1.92 vs 1.44), 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.