GTLOX vs. ADX

Last updated Jun 20, 2026

GTLOX (Glenmede Quantitative U.S. Large Cap Core Equity Portfolio) and ADX (Adams Diversified Equity Fund, Inc.) are both Large Cap Blend Equities funds. Over the past 10 years, GTLOX returned 12.62%/yr vs 18.49%/yr for ADX. Their correlation of 0.85 suggests significant overlap in exposure. GTLOX charges 0.85%/yr vs 0.59%/yr for ADX.

Performance

GTLOX vs. ADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX) and Adams Diversified Equity Fund, Inc. (ADX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTLOX achieves a 21.18% return, which is significantly higher than ADX's 11.55% return. Over the past 10 years, GTLOX has underperformed ADX with an annualized return of 12.62%, while ADX has yielded a comparatively higher 18.49% annualized return.

GTLOX

• 1D: 1.27%
• 1M: 3.60%
• YTD: 21.18%
• 6M: 20.63%
• 1Y: 41.92%
• 3Y*: 19.55%
• 5Y*: 11.57%
• 10Y*: 12.62%

ADX

• 1D: -1.15%
• 1M: -0.08%
• YTD: 11.55%
• 6M: 13.84%
• 1Y: 30.85%
• 3Y*: 27.81%
• 5Y*: 16.80%
• 10Y*: 18.49%

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

GTLOX vs. ADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio	21.18%	14.39%	13.86%	16.66%	-15.37%	27.05%	7.41%	23.27%	-7.97%	24.78%
ADX Adams Diversified Equity Fund, Inc.	11.55%	26.03%	28.31%	31.49%	-19.82%	29.69%	17.28%	36.75%	-3.58%	29.61%

Correlation

The correlation between GTLOX and ADX is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005	0.85

Over the past year, the correlation between GTLOX and ADX has dropped to 0.60 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

Return for Risk

GTLOX vs. ADX — Risk / Return Rank

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

GTLOX

GTLOX Risk / Return Rank: 92
GTLOX Sharpe Ratio Rank: 94
GTLOX Sortino Ratio Rank: 88
GTLOX Omega Ratio Rank: 83
GTLOX Calmar Ratio Rank: 96
GTLOX Martin Ratio Rank: 97

ADX

ADX Risk / Return Rank: 67
ADX Sharpe Ratio Rank: 63
ADX Sortino Ratio Rank: 64
ADX Omega Ratio Rank: 53
ADX Calmar Ratio Rank: 69
ADX Martin Ratio Rank: 87

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.

GTLOX vs. ADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX) and Adams Diversified Equity Fund, Inc. (ADX). 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.

	GTLOX	ADX	Difference
Sharpe ratio: Return per unit of total volatility	2.91	2.15	+0.76
Sortino ratio: Return per unit of downside risk	3.88	3.05	+0.82
Omega ratio: Gain probability vs. loss probability	1.50	1.37	+0.13
Calmar ratio: Return relative to maximum drawdown	5.69	3.05	+2.64
Martin ratio: Return relative to average drawdown	23.99	15.50	+8.49

GTLOX vs. ADX - Sharpe Ratio Comparison

The current GTLOX Sharpe Ratio is 2.91, which is higher than the ADX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of GTLOX and ADX, 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

GTLOX vs. ADX - Drawdown Comparison

The maximum GTLOX drawdown since its inception was -54.09%, smaller than the maximum ADX drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for GTLOX and ADX.

Drawdown Indicators

	GTLOX	ADX	Difference
Max Drawdown Largest peak-to-trough decline	-54.09%	-71.60%	+17.51%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	-10.16%	+2.69%
Max Drawdown (3Y) Largest decline over 3 years	-32.85%	-18.29%	-14.56%
Max Drawdown (5Y) Largest decline over 5 years	-32.85%	-25.07%	-7.78%
Max Drawdown (10Y) Largest decline over 10 years	-38.15%	-37.17%	-0.98%
Current Drawdown Current decline from peak	-1.36%	-2.42%	+1.06%
Average Drawdown Average peak-to-trough decline	-8.31%	-22.11%	+13.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	2.00%	-0.23%

Volatility

GTLOX vs. ADX - Volatility Comparison

Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX) has a higher volatility of 6.25% compared to Adams Diversified Equity Fund, Inc. (ADX) at 4.82%. This indicates that GTLOX's price experiences larger fluctuations and is considered to be riskier than ADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTLOX	ADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.25%	4.82%	+1.43%
Volatility (6M) Calculated over the trailing 6-month period	11.45%	11.24%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	14.60%	14.45%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.96%	17.40%	+4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.96%	18.07%	+2.89%

GTLOX vs. ADX - Expense Ratio Comparison

GTLOX has a 0.85% expense ratio, which is higher than ADX's 0.59% expense ratio.

Dividends

GTLOX vs. ADX - Dividend Comparison

GTLOX's dividend yield for the trailing twelve months is around 14.77%, more than ADX's 7.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADX Adams Diversified Equity Fund, Inc.	7.48%	7.93%	12.38%	7.34%	7.36%	15.35%	6.54%	9.00%	15.85%	9.18%	7.79%	7.17%
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio	14.77%	17.84%	25.96%	8.32%	23.58%	13.35%	9.06%	5.35%	10.53%	4.99%	1.08%	2.09%

Frequently Asked Questions

Can I hold both GTLOX and ADX in my portfolio?

GTLOX and ADX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTLOX or ADX?

GTLOX has higher volatility (6.25%) compared to ADX (4.82%). In terms of maximum drawdown, GTLOX dropped -54.09% vs ADX's -71.60%.

Which has better risk-adjusted returns?

GTLOX currently has the higher Sharpe Ratio (2.91 vs 2.15), 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.