GTEYX vs. FXAIX
Compare and contrast key facts about Gateway Fund Class Y Shares (GTEYX) and Fidelity 500 Index Fund (FXAIX).
GTEYX is managed by Natixis. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
GTEYX vs. FXAIX - Performance Comparison
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GTEYX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTEYX Gateway Fund Class Y Shares | -3.04% | 10.28% | 15.82% | 14.70% | -11.84% | 11.49% | 7.19% | 11.12% | -4.17% | 9.93% |
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, GTEYX achieves a -3.04% return, which is significantly higher than FXAIX's -4.34% return. Over the past 10 years, GTEYX has underperformed FXAIX with an annualized return of 6.38%, while FXAIX has yielded a comparatively higher 14.08% annualized return.
GTEYX
- 1D
- 1.71%
- 1M
- -3.62%
- YTD
- -3.04%
- 6M
- -0.59%
- 1Y
- 9.81%
- 3Y*
- 10.54%
- 5Y*
- 6.10%
- 10Y*
- 6.38%
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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GTEYX vs. FXAIX - Expense Ratio Comparison
GTEYX has a 0.70% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
GTEYX vs. FXAIX — Risk / Return Rank
GTEYX
FXAIX
GTEYX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gateway Fund Class Y Shares (GTEYX) and Fidelity 500 Index Fund (FXAIX). 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.
| GTEYX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 0.97 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.49 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.41 | 1.52 | -1.11 |
Martin ratioReturn relative to average drawdown | 1.55 | 7.30 | -5.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GTEYX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.97 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.70 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.78 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.76 | -0.10 |
Correlation
The correlation between GTEYX and FXAIX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GTEYX vs. FXAIX - Dividend Comparison
GTEYX's dividend yield for the trailing twelve months is around 0.38%, less than FXAIX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTEYX Gateway Fund Class Y Shares | 0.38% | 0.39% | 0.65% | 0.90% | 0.89% | 0.66% | 1.06% | 1.32% | 1.41% | 1.24% | 1.60% | 2.09% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
GTEYX vs. FXAIX - Drawdown Comparison
The maximum GTEYX drawdown since its inception was -16.58%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for GTEYX and FXAIX.
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Drawdown Indicators
| GTEYX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -33.79% | +17.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -12.13% | +5.09% |
Max Drawdown (5Y)Largest decline over 5 years | -16.25% | -24.50% | +8.25% |
Max Drawdown (10Y)Largest decline over 10 years | -16.25% | -33.79% | +17.54% |
Current DrawdownCurrent decline from peak | -4.37% | -6.23% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -3.83% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.53% | +0.47% |
Volatility
GTEYX vs. FXAIX - Volatility Comparison
The current volatility for Gateway Fund Class Y Shares (GTEYX) is 2.99%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 5.34%. This indicates that GTEYX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTEYX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 5.34% | -2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 5.86% | 9.53% | -3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 18.32% | -5.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.56% | 16.92% | -7.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.87% | 18.05% | -9.18% |