GQSCX vs. AZBIX

Last updated Jun 5, 2026

GQSCX (Glenmede Quantitative U.S. Small Cap Equity Portfolio) and AZBIX (Virtus Small-Cap Fund) are both Small Cap Blend Equities funds. Over the past 5 years, GQSCX returned 10.26%/yr vs 8.04%/yr for AZBIX. Their correlation of 0.92 suggests significant overlap in exposure. GQSCX charges 0.85%/yr vs 0.89%/yr for AZBIX.

Performance

GQSCX vs. AZBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Glenmede Quantitative U.S. Small Cap Equity Portfolio (GQSCX) and Virtus Small-Cap Fund (AZBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GQSCX achieves a 14.98% return, which is significantly lower than AZBIX's 17.18% return.

GQSCX

• 1D: -1.23%
• 1M: 0.57%
• YTD: 14.98%
• 6M: 15.60%
• 1Y: 40.57%
• 3Y*: 19.08%
• 5Y*: 10.26%
• 10Y*: —

AZBIX

• 1D: -0.86%
• 1M: 0.84%
• YTD: 17.18%
• 6M: 16.12%
• 1Y: 32.63%
• 3Y*: 17.89%
• 5Y*: 8.04%
• 10Y*: 11.77%

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

GQSCX vs. AZBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GQSCX Glenmede Quantitative U.S. Small Cap Equity Portfolio	14.98%	12.22%	11.49%	18.94%	-8.48%	31.77%	7.60%	22.17%	-11.32%	1.07%
AZBIX Virtus Small-Cap Fund	17.18%	8.49%	19.06%	14.09%	-18.04%	18.92%	16.98%	24.13%	-9.25%	0.95%

Correlation

The correlation between GQSCX and AZBIX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 14, 2017	0.92

The correlation between GQSCX and AZBIX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

GQSCX vs. AZBIX — Risk / Return Rank

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

GQSCX

GQSCX Risk / Return Rank: 70
GQSCX Sharpe Ratio Rank: 61
GQSCX Sortino Ratio Rank: 61
GQSCX Omega Ratio Rank: 51
GQSCX Calmar Ratio Rank: 91
GQSCX Martin Ratio Rank: 88

AZBIX

AZBIX Risk / Return Rank: 54
AZBIX Sharpe Ratio Rank: 45
AZBIX Sortino Ratio Rank: 45
AZBIX Omega Ratio Rank: 40
AZBIX Calmar Ratio Rank: 78
AZBIX 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.

GQSCX vs. AZBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Glenmede Quantitative U.S. Small Cap Equity Portfolio (GQSCX) and Virtus Small-Cap Fund (AZBIX). 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.

	GQSCX	AZBIX	Difference
Sharpe ratio: Return per unit of total volatility	2.27	1.94	+0.33
Sortino ratio: Return per unit of downside risk	3.22	2.78	+0.43
Omega ratio: Gain probability vs. loss probability	1.38	1.34	+0.05
Calmar ratio: Return relative to maximum drawdown	4.76	3.47	+1.29
Martin ratio: Return relative to average drawdown	16.65	12.14	+4.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GQSCX vs. AZBIX - Sharpe Ratio Comparison

The current GQSCX Sharpe Ratio is 2.27, which is comparable to the AZBIX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of GQSCX and AZBIX, 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

	GQSCX	AZBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	1.94	+0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.39	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.54	-0.09

Drawdowns

GQSCX vs. AZBIX - Drawdown Comparison

The maximum GQSCX drawdown since its inception was -46.87%, which is greater than AZBIX's maximum drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for GQSCX and AZBIX.

Drawdown Indicators

	GQSCX	AZBIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.87%	-40.80%	-6.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.74%	-9.33%	+0.59%
Max Drawdown (3Y) Largest decline over 3 years	-28.83%	-29.01%	+0.18%
Max Drawdown (5Y) Largest decline over 5 years	-28.83%	-29.85%	+1.02%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.80%	—
Current Drawdown Current decline from peak	-1.23%	-0.86%	-0.37%
Average Drawdown Average peak-to-trough decline	-8.17%	-7.71%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	2.66%	-0.18%

Volatility

GQSCX vs. AZBIX - Volatility Comparison

Glenmede Quantitative U.S. Small Cap Equity Portfolio (GQSCX) and Virtus Small-Cap Fund (AZBIX) have volatilities of 5.14% and 5.05%, 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

	GQSCX	AZBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	5.05%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	12.48%	12.17%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	18.40%	16.72%	+1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.87%	20.50%	+1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.81%	21.36%	+3.45%

GQSCX vs. AZBIX - Expense Ratio Comparison

GQSCX has a 0.85% expense ratio, which is lower than AZBIX's 0.89% expense ratio.

Dividends

GQSCX vs. AZBIX - Dividend Comparison

GQSCX's dividend yield for the trailing twelve months is around 2.71%, less than AZBIX's 4.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AZBIX Virtus Small-Cap Fund	4.18%	4.90%	10.82%	2.31%	4.78%	13.82%	0.45%	0.38%	9.62%	13.80%	0.03%	3.59%
GQSCX Glenmede Quantitative U.S. Small Cap Equity Portfolio	2.71%	3.01%	10.53%	0.70%	9.45%	10.41%	0.51%	0.59%	0.77%	0.14%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GQSCX and AZBIX in my portfolio?

GQSCX and AZBIX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GQSCX or AZBIX?

GQSCX has higher volatility (5.14%) compared to AZBIX (5.05%). In terms of maximum drawdown, GQSCX dropped -46.87% vs AZBIX's -40.80%.

Which has better risk-adjusted returns?

GQSCX currently has the higher Sharpe Ratio (2.27 vs 1.94), 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.