GTCSX vs. GEQIX

Last updated Jun 3, 2026

GTCSX (Glenmede Small Cap Equity Portfolio) and GEQIX (Glenmede Equity Income Portfolio) are both mutual funds - GTCSX is a Small Cap Blend Equities fund managed by Glenmede, while GEQIX is a Large Cap Value Equities fund managed by Glenmede. Over the past 5 years, GTCSX returned 5.25%/yr vs 7.34%/yr for GEQIX. Their correlation of 0.82 suggests significant overlap in exposure. GTCSX charges 0.92%/yr vs 0.85%/yr for GEQIX.

Performance

GTCSX vs. GEQIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Glenmede Small Cap Equity Portfolio (GTCSX) and Glenmede Equity Income Portfolio (GEQIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTCSX achieves a 10.16% return, which is significantly higher than GEQIX's 6.02% return.

GTCSX

• 1D: 0.25%
• 1M: 2.54%
• YTD: 10.16%
• 6M: 11.12%
• 1Y: 23.22%
• 3Y*: 9.22%
• 5Y*: 5.25%
• 10Y*: 9.22%

GEQIX

• 1D: -0.34%
• 1M: 0.69%
• YTD: 6.02%
• 6M: 6.95%
• 1Y: 14.31%
• 3Y*: 11.10%
• 5Y*: 7.34%
• 10Y*: —

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

GTCSX vs. GEQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GTCSX Glenmede Small Cap Equity Portfolio	10.16%	-1.95%	8.50%	16.93%	-10.91%	28.87%	15.65%	21.12%	-16.17%	14.81%
GEQIX Glenmede Equity Income Portfolio	6.02%	10.27%	8.75%	7.85%	-5.20%	27.51%	6.72%	25.12%	-5.44%	17.58%

Correlation

The correlation between GTCSX and GEQIX is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.82

The correlation between GTCSX and GEQIX has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.

Return for Risk

GTCSX vs. GEQIX — Risk / Return Rank

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

GTCSX

GTCSX Risk / Return Rank: 21
GTCSX Sharpe Ratio Rank: 19
GTCSX Sortino Ratio Rank: 20
GTCSX Omega Ratio Rank: 18
GTCSX Calmar Ratio Rank: 25
GTCSX Martin Ratio Rank: 23

GEQIX

GEQIX Risk / Return Rank: 26
GEQIX Sharpe Ratio Rank: 21
GEQIX Sortino Ratio Rank: 22
GEQIX Omega Ratio Rank: 19
GEQIX Calmar Ratio Rank: 35
GEQIX Martin Ratio Rank: 34

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.

GTCSX vs. GEQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Glenmede Small Cap Equity Portfolio (GTCSX) and Glenmede Equity Income Portfolio (GEQIX). 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.

	GTCSX	GEQIX	Difference
Sharpe ratio Return per unit of total volatility	1.26	1.34	-0.08
Sortino ratio Return per unit of downside risk	1.89	1.97	-0.07
Omega ratio Gain probability vs. loss probability	1.22	1.23	-0.01
Calmar ratio Return relative to maximum drawdown	1.86	2.25	-0.38
Martin ratio Return relative to average drawdown	5.91	7.73	-1.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTCSX vs. GEQIX - Sharpe Ratio Comparison

The current GTCSX Sharpe Ratio is 1.26, which is comparable to the GEQIX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of GTCSX and GEQIX, 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

	GTCSX	GEQIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	1.34	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.53	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.59	-0.23

Drawdowns

GTCSX vs. GEQIX - Drawdown Comparison

The maximum GTCSX drawdown since its inception was -59.45%, which is greater than GEQIX's maximum drawdown of -35.47%. Use the drawdown chart below to compare losses from any high point for GTCSX and GEQIX.

Drawdown Indicators

	GTCSX	GEQIX	Difference
Max Drawdown Largest peak-to-trough decline	-59.45%	-35.47%	-23.98%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-6.31%	-4.82%
Max Drawdown (3Y) Largest decline over 3 years	-28.54%	-15.46%	-13.08%
Max Drawdown (5Y) Largest decline over 5 years	-28.54%	-17.82%	-10.72%
Max Drawdown (10Y) Largest decline over 10 years	-49.50%	—	—
Current Drawdown Current decline from peak	-0.73%	-0.61%	-0.12%
Average Drawdown Average peak-to-trough decline	-12.01%	-3.93%	-8.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	1.83%	+1.68%

Volatility

GTCSX vs. GEQIX - Volatility Comparison

Glenmede Small Cap Equity Portfolio (GTCSX) has a higher volatility of 4.71% compared to Glenmede Equity Income Portfolio (GEQIX) at 2.81%. This indicates that GTCSX's price experiences larger fluctuations and is considered to be riskier than GEQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTCSX	GEQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	2.81%	+1.90%
Volatility (6M) Calculated over the trailing 6-month period	12.04%	8.07%	+3.97%
Volatility (1Y) Calculated over the trailing 1-year period	18.17%	10.88%	+7.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.89%	14.04%	+6.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.35%	16.99%	+6.36%

GTCSX vs. GEQIX - Expense Ratio Comparison

GTCSX has a 0.92% expense ratio, which is higher than GEQIX's 0.85% expense ratio.

Dividends

GTCSX vs. GEQIX - Dividend Comparison

GTCSX's dividend yield for the trailing twelve months is around 7.50%, less than GEQIX's 15.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GEQIX Glenmede Equity Income Portfolio	15.25%	16.18%	9.08%	7.50%	4.42%	5.90%	1.98%	1.92%	4.76%	1.49%	0.00%	0.00%
GTCSX Glenmede Small Cap Equity Portfolio	7.50%	8.24%	4.29%	8.45%	12.65%	4.43%	0.14%	0.23%	19.39%	10.74%	1.94%	1.11%

Frequently Asked Questions

Can I hold both GTCSX and GEQIX in my portfolio?

GTCSX and GEQIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTCSX or GEQIX?

GTCSX has higher volatility (4.71%) compared to GEQIX (2.81%). In terms of maximum drawdown, GTCSX dropped -59.45% vs GEQIX's -35.47%.

Which has better risk-adjusted returns?

GEQIX currently has the higher Sharpe Ratio (1.34 vs 1.26), 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.