GTLOX vs. TANDX
GTLOX (Glenmede Quantitative U.S. Large Cap Core Equity Portfolio) and TANDX (Castle Tandem Fund) are both Large Cap Blend Equities funds. Over the past 5 years, GTLOX returned 10.80%/yr vs 2.38%/yr for TANDX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. GTLOX charges 0.85%/yr vs 1.59%/yr for TANDX.
Performance
GTLOX vs. TANDX - Performance Comparison
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Returns By Period
In the year-to-date period, GTLOX achieves a 22.07% return, which is significantly higher than TANDX's -6.24% return.
GTLOX
- 1D
- 0.80%
- 1M
- 1.31%
- 6M
- 18.58%
- YTD
- 22.07%
- 1Y
- 37.81%
- 3Y*
- 18.82%
- 5Y*
- 10.80%
- 10Y*
- 12.16%
- ALL TIME*
- 10.34%
TANDX
- 1D
- 0.86%
- 1M
- 3.68%
- 6M
- -2.95%
- YTD
- -6.24%
- 1Y
- -7.89%
- 3Y*
- 2.58%
- 5Y*
- 2.38%
- 10Y*
- —
- ALL TIME*
- 6.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
TANDX Castle Tandem Fund | $0.00 | $0.00 | $0.00 |
GTLOX vs. TANDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio | 22.07% | 14.39% | 13.86% | 16.66% | -15.37% | 27.05% | 7.41% | 10.91% |
TANDX Castle Tandem Fund | -6.24% | 3.67% | 7.66% | 8.42% | -7.87% | 19.03% | 13.39% | 12.57% |
Correlation
The correlation between GTLOX and TANDX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019 | 0.74 |
Over the past year, the correlation between GTLOX and TANDX has dropped to 0.36 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
GTLOX vs. TANDX — Risk / Return Rank
GTLOX
TANDX
GTLOX vs. TANDX - 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 Castle Tandem Fund (TANDX). 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 | TANDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.37 | ||
| Sortino ratioReturn per unit of downside risk | +4.51 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.90 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 5.38 | -0.41 | +5.79 |
| Martin ratioReturn relative to average drawdown | 21.75 | -0.78 | +22.53 |
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Drawdowns
GTLOX vs. TANDX - Drawdown Comparison
The maximum GTLOX drawdown since its inception was -54.09%, smaller than the maximum TANDX drawdown of -93.98%. Use the drawdown chart below to compare losses from any high point for GTLOX and TANDX.
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Drawdown Indicators
| GTLOX | TANDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.09% | -93.98% | +39.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.47% | -16.88% | +9.41% |
Max Drawdown (3Y)Largest decline over 3 years | -32.85% | -93.98% | +61.13% |
Max Drawdown (5Y)Largest decline over 5 years | -32.85% | -93.98% | +61.13% |
Max Drawdown (10Y)Largest decline over 10 years | -38.15% | — | — |
Current DrawdownCurrent decline from peak | -0.64% | -93.44% | +92.80% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -21.92% | +13.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 8.84% | -6.99% |
Volatility
GTLOX vs. TANDX - Volatility Comparison
The current volatility for Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX) is 3.27%, while Castle Tandem Fund (TANDX) has a volatility of 4.33%. This indicates that GTLOX experiences smaller price fluctuations and is considered to be less risky than TANDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTLOX | TANDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 4.33% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 11.59% | 8.78% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.82% | 10.70% | +4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.97% | 596.04% | -574.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 490.88% | -469.96% |
GTLOX vs. TANDX - Expense Ratio Comparison
GTLOX has a 0.85% expense ratio, which is lower than TANDX's 1.59% expense ratio.
Dividends
GTLOX vs. TANDX - Dividend Comparison
GTLOX's dividend yield for the trailing twelve months is around 14.60%, more than TANDX's 6.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio | 14.60% | 17.84% | 25.96% | 8.32% | 23.58% | 13.35% | 9.06% | 5.35% | 10.53% | 4.99% | 1.08% | 2.09% |
TANDX Castle Tandem Fund | 6.58% | 6.17% | 3.71% | 2.10% | 1.48% | 4.57% | 0.33% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GTLOX and TANDX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TANDX has higher volatility (4.33%) compared to GTLOX (3.27%). In terms of maximum drawdown, GTLOX dropped -54.09% vs TANDX's -93.98%.
GTLOX currently has the higher Sharpe Ratio (2.72 vs -0.65), 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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