GTCIX vs. PRPFX

Last updated Aug 5, 2026

GTCIX (Glenmede Quantitative International Equity Portfolio) and PRPFX (Permanent Portfolio Class I) are both mutual funds - GTCIX is a Foreign Large Cap Equities fund managed by Glenmede, while PRPFX is a Diversified Portfolio fund actively managed by Permanent Portfolio. Over the past 10 years, GTCIX returned 9.71%/yr vs 10.03%/yr for PRPFX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. GTCIX charges 1.00%/yr vs 0.81%/yr for PRPFX.

Performance

GTCIX vs. PRPFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Glenmede Quantitative International Equity Portfolio (GTCIX) and Permanent Portfolio Class I (PRPFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTCIX achieves a 14.30% return, which is significantly higher than PRPFX's 2.14% return. Both investments have delivered pretty close results over the past 10 years, with GTCIX having a 9.71% annualized return and PRPFX not far ahead at 10.03%.

GTCIX

• 1D: 0.13%
• 1M: 3.43%
• 6M: 7.21%
• YTD: 14.30%
• 1Y: 30.44%
• 3Y*: 22.26%
• 5Y*: 12.88%
• 10Y*: 9.71%
• ALL TIME*: 5.72%

PRPFX

• 1D: 0.29%
• 1M: -0.12%
• 6M: -3.80%
• YTD: 2.14%
• 1Y: 14.84%
• 3Y*: 18.02%
• 5Y*: 11.02%
• 10Y*: 10.03%
• ALL TIME*: 7.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GTCIX Glenmede Quantitative International Equity Portfolio	$0.00	$0.00	$0.00
PRPFX Permanent Portfolio Class I	$0.00	$0.00	$0.00

GTCIX vs. PRPFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GTCIX Glenmede Quantitative International Equity Portfolio	14.30%	39.90%	8.60%	19.16%	-11.88%	12.56%	1.86%	18.00%	-16.26%	22.46%
PRPFX Permanent Portfolio Class I	2.14%	28.78%	19.36%	11.96%	-5.48%	10.87%	18.80%	19.20%	-7.02%	11.42%

Correlation

The correlation between GTCIX and PRPFX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (3Y) Balances recent behavior with more history.	0.56
Correlation (5Y) Shows whether the relationship held over a longer period.	0.62
Correlation (10Y) Provides a long-term view across more market conditions.	0.64
Correlation (All Time) Calculated using the full available price history since Jan 2, 1990	0.54

The correlation between GTCIX and PRPFX shifts across timeframes, from 0.54 (all time) to 0.64 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

GTCIX vs. PRPFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GTCIX

GTCIX Risk / Return Rank: 91
GTCIX Sharpe Ratio Rank: 96
GTCIX Sortino Ratio Rank: 95
GTCIX Omega Ratio Rank: 93
GTCIX Calmar Ratio Rank: 87
GTCIX Martin Ratio Rank: 84

PRPFX

PRPFX Risk / Return Rank: 32
PRPFX Sharpe Ratio Rank: 35
PRPFX Sortino Ratio Rank: 29
PRPFX Omega Ratio Rank: 39
PRPFX Calmar Ratio Rank: 36
PRPFX Martin Ratio Rank: 24

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GTCIX vs. PRPFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Glenmede Quantitative International Equity Portfolio (GTCIX) and Permanent Portfolio Class I (PRPFX). 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.

	GTCIX	PRPFX	Difference
Sharpe ratio: Return per unit of total volatility	2.74	1.22	+1.52
Sortino ratio: Return per unit of downside risk	3.87	1.56	+2.31
Omega ratio: Gain probability vs. loss probability	1.51	1.24	+0.27
Calmar ratio: Return relative to maximum drawdown	3.29	1.64	+1.66
Martin ratio: Return relative to average drawdown	11.50	3.60	+7.90

GTCIX vs. PRPFX - Sharpe Ratio Comparison

The current GTCIX Sharpe Ratio is 2.74, which is higher than the PRPFX Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of GTCIX and PRPFX, 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

GTCIX vs. PRPFX - Drawdown Comparison

The maximum GTCIX drawdown since its inception was -63.63%, which is greater than PRPFX's maximum drawdown of -27.16%. Use the drawdown chart below to compare losses from any high point for GTCIX and PRPFX.

Drawdown Indicators

	GTCIX	PRPFX	Difference
Max Drawdown Largest peak-to-trough decline	-63.63%	-27.16%	-36.47%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-9.74%	+0.11%
Max Drawdown (3Y) Largest decline over 3 years	-13.06%	-9.74%	-3.32%
Max Drawdown (5Y) Largest decline over 5 years	-26.23%	-15.49%	-10.74%
Max Drawdown (10Y) Largest decline over 10 years	-39.50%	-20.84%	-18.66%
Current Drawdown Current decline from peak	0.00%	-8.63%	+8.63%
Average Drawdown Average peak-to-trough decline	-13.06%	-3.54%	-9.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	4.42%	-1.68%

Volatility

GTCIX vs. PRPFX - Volatility Comparison

Glenmede Quantitative International Equity Portfolio (GTCIX) and Permanent Portfolio Class I (PRPFX) have volatilities of 2.53% and 2.42%, 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

	GTCIX	PRPFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	2.42%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	9.39%	8.86%	+0.53%
Volatility (1Y) Calculated over the trailing 1-year period	11.59%	13.10%	-1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.41%	11.12%	+2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.96%	10.68%	+4.28%

GTCIX vs. PRPFX - Expense Ratio Comparison

GTCIX has a 1.00% expense ratio, which is higher than PRPFX's 0.81% expense ratio.

Dividends

GTCIX vs. PRPFX - Dividend Comparison

GTCIX's dividend yield for the trailing twelve months is around 4.60%, more than PRPFX's 3.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GTCIX Glenmede Quantitative International Equity Portfolio	4.60%	4.50%	9.25%	2.75%	3.14%	3.09%	2.08%	2.95%	2.62%	1.75%	1.83%	0.71%
PRPFX Permanent Portfolio Class I	3.20%	3.27%	1.86%	1.39%	1.58%	2.05%	5.38%	4.69%	6.90%	2.14%	0.95%	7.06%

Frequently Asked Questions

Can I hold both GTCIX and PRPFX in my portfolio?

GTCIX and PRPFX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTCIX or PRPFX?

GTCIX has higher volatility (2.53%) compared to PRPFX (2.42%). In terms of maximum drawdown, GTCIX dropped -63.63% vs PRPFX's -27.16%.

Which has better risk-adjusted returns?

GTCIX currently has the higher Sharpe Ratio (2.74 vs 1.22), 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.