GTLOX vs. GTCSX
GTLOX (Glenmede Quantitative U.S. Large Cap Core Equity Portfolio) and GTCSX (Glenmede Small Cap Equity Portfolio) are both mutual funds - GTLOX is a Large Cap Blend Equities fund managed by Glenmede, while GTCSX is a Small Cap Blend Equities fund managed by Glenmede. Over the past 10 years, GTLOX returned 12.23%/yr vs 9.93%/yr for GTCSX. Their correlation of 0.89 means they have usually moved in the same direction. GTLOX charges 0.85%/yr vs 0.92%/yr for GTCSX.
Performance
GTLOX vs. GTCSX - Performance Comparison
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Returns By Period
In the year-to-date period, GTLOX achieves a 21.11% return, which is significantly higher than GTCSX's 18.40% return. Over the past 10 years, GTLOX has outperformed GTCSX with an annualized return of 12.23%, while GTCSX has yielded a comparatively lower 9.93% annualized return.
GTLOX
- 1D
- 0.25%
- 1M
- 0.51%
- 6M
- 15.82%
- YTD
- 21.11%
- 1Y
- 38.54%
- 3Y*
- 17.60%
- 5Y*
- 10.63%
- 10Y*
- 12.23%
- ALL TIME*
- 10.30%
GTCSX
- 1D
- 0.00%
- 1M
- 2.39%
- 6M
- 11.64%
- YTD
- 18.40%
- 1Y
- 30.20%
- 3Y*
- 8.86%
- 5Y*
- 7.48%
- 10Y*
- 9.93%
- ALL TIME*
- 7.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GTLOX vs. GTCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio | 21.11% | 14.39% | 13.86% | 16.66% | -15.37% | 27.05% | 7.41% | 23.27% | -7.97% | 24.78% |
GTCSX Glenmede Small Cap Equity Portfolio | 18.40% | -1.95% | 8.50% | 16.93% | -10.91% | 28.87% | 15.65% | 21.12% | -16.17% | 15.80% |
Correlation
The correlation between GTLOX and GTCSX is 0.78, 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. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.89 |
The correlation between GTLOX and GTCSX shifts across timeframes, from 0.78 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GTLOX vs. GTCSX — Risk / Return Rank
GTLOX
GTCSX
GTLOX vs. GTCSX - 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 Glenmede Small Cap Equity Portfolio (GTCSX). 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 | GTCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.28 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.97 | 2.48 | +2.49 |
| Martin ratioReturn relative to average drawdown | 20.11 | 8.19 | +11.92 |
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Drawdowns
GTLOX vs. GTCSX - Drawdown Comparison
The maximum GTLOX drawdown since its inception was -54.09%, smaller than the maximum GTCSX drawdown of -59.45%. Use the drawdown chart below to compare losses from any high point for GTLOX and GTCSX.
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Drawdown Indicators
| GTLOX | GTCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.09% | -59.45% | +5.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.47% | -11.13% | +3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -32.85% | -28.54% | -4.31% |
Max Drawdown (5Y)Largest decline over 5 years | -32.85% | -28.54% | -4.31% |
Max Drawdown (10Y)Largest decline over 10 years | -38.15% | -49.50% | +11.35% |
Current DrawdownCurrent decline from peak | -1.42% | -0.62% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -11.95% | +3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 3.38% | -1.52% |
Volatility
GTLOX vs. GTCSX - Volatility Comparison
The current volatility for Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX) is 3.22%, while Glenmede Small Cap Equity Portfolio (GTCSX) has a volatility of 4.06%. This indicates that GTLOX experiences smaller price fluctuations and is considered to be less risky than GTCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTLOX | GTCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 4.06% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 11.92% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.87% | 17.62% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.97% | 20.80% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 23.26% | -2.34% |
GTLOX vs. GTCSX - Expense Ratio Comparison
GTLOX has a 0.85% expense ratio, which is lower than GTCSX's 0.92% expense ratio.
Dividends
GTLOX vs. GTCSX - Dividend Comparison
GTLOX's dividend yield for the trailing twelve months is around 14.72%, more than GTCSX's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTCSX Glenmede Small Cap Equity Portfolio | 6.92% | 8.24% | 4.29% | 8.45% | 12.65% | 4.43% | 0.14% | 0.23% | 19.39% | 10.74% | 1.94% | 1.11% |
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio | 14.72% | 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
GTLOX and GTCSX 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.
GTCSX has higher volatility (4.06%) compared to GTLOX (3.22%). In terms of maximum drawdown, GTLOX dropped -54.09% vs GTCSX's -59.45%.
GTLOX currently has the higher Sharpe Ratio (2.50 vs 1.57), 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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