GRSPX vs. GLRBX
GRSPX (Greenspring Fund) and GLRBX (James Balanced: Golden Rainbow Fund) are both Diversified Portfolio funds. Over the past 10 years, GRSPX returned 10.28%/yr vs 5.11%/yr for GLRBX. A 0.73 correlation means they provide meaningful diversification when combined. GRSPX charges 1.09%/yr vs 1.18%/yr for GLRBX.
Performance
GRSPX vs. GLRBX - Performance Comparison
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Returns By Period
In the year-to-date period, GRSPX achieves a 20.69% return, which is significantly higher than GLRBX's 5.77% return. Over the past 10 years, GRSPX has outperformed GLRBX with an annualized return of 10.28%, while GLRBX has yielded a comparatively lower 5.11% annualized return.
GRSPX
- 1D
- 0.96%
- 1M
- 1.23%
- YTD
- 20.69%
- 6M
- 19.16%
- 1Y
- 26.02%
- 3Y*
- 16.66%
- 5Y*
- 10.83%
- 10Y*
- 10.28%
GLRBX
- 1D
- 0.52%
- 1M
- 0.76%
- YTD
- 5.77%
- 6M
- 5.38%
- 1Y
- 17.73%
- 3Y*
- 12.35%
- 5Y*
- 6.91%
- 10Y*
- 5.11%
GRSPX vs. GLRBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRSPX Greenspring Fund | 20.69% | 6.12% | 16.03% | 11.95% | -8.62% | 26.89% | 3.81% | 20.84% | -10.21% | 7.84% |
GLRBX James Balanced: Golden Rainbow Fund | 5.77% | 13.16% | 12.27% | 11.52% | -12.77% | 12.69% | 1.54% | 12.10% | -10.60% | 6.03% |
Correlation
The correlation between GRSPX and GLRBX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1992 | 0.73 |
The correlation between GRSPX and GLRBX shifts across timeframes, from 0.68 (1 year) to 0.82 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
GRSPX vs. GLRBX — Risk / Return Rank
GRSPX
GLRBX
GRSPX vs. GLRBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Greenspring Fund (GRSPX) and James Balanced: Golden Rainbow Fund (GLRBX). 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.
| GRSPX | GLRBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.45 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 3.19 | -2.23 |
| Martin ratioReturn relative to average drawdown | 9.04 | 14.44 | -5.40 |
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Drawdowns
GRSPX vs. GLRBX - Drawdown Comparison
The maximum GRSPX drawdown since its inception was -35.67%, which is greater than GLRBX's maximum drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for GRSPX and GLRBX.
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Drawdown Indicators
| GRSPX | GLRBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -21.59% | -14.08% |
Max Drawdown (1Y)Largest decline over 1 year | -30.41% | -5.55% | -24.86% |
Max Drawdown (3Y)Largest decline over 3 years | -30.41% | -8.75% | -21.66% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -16.73% | -13.68% |
Max Drawdown (10Y)Largest decline over 10 years | -35.07% | -16.86% | -18.21% |
Current DrawdownCurrent decline from peak | -1.24% | -0.16% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -3.26% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.22% | +1.87% |
Volatility
GRSPX vs. GLRBX - Volatility Comparison
Greenspring Fund (GRSPX) has a higher volatility of 50.71% compared to James Balanced: Golden Rainbow Fund (GLRBX) at 2.80%. This indicates that GRSPX's price experiences larger fluctuations and is considered to be riskier than GLRBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRSPX | GLRBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 50.71% | 2.80% | +47.91% |
Volatility (6M)Calculated over the trailing 6-month period | 50.92% | 6.29% | +44.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.52% | 7.52% | +49.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.13% | 8.44% | +19.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.51% | 8.33% | +14.18% |
GRSPX vs. GLRBX - Expense Ratio Comparison
GRSPX has a 1.09% expense ratio, which is lower than GLRBX's 1.18% expense ratio.
Dividends
GRSPX vs. GLRBX - Dividend Comparison
GRSPX's dividend yield for the trailing twelve months is around 7.79%, more than GLRBX's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLRBX James Balanced: Golden Rainbow Fund | 4.72% | 4.95% | 3.31% | 2.05% | 5.18% | 6.72% | 1.14% | 1.90% | 11.45% | 7.69% | 1.59% | 2.59% |
GRSPX Greenspring Fund | 7.79% | 9.40% | 7.14% | 6.84% | 8.04% | 7.69% | 2.39% | 7.89% | 11.05% | 9.63% | 6.81% | 5.34% |
Frequently Asked Questions
GRSPX and GLRBX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRSPX has higher volatility (50.71%) compared to GLRBX (2.80%). In terms of maximum drawdown, GRSPX dropped -35.67% vs GLRBX's -21.59%.
GLRBX currently has the higher Sharpe Ratio (2.35 vs 0.52), 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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