GWILX vs. GTCSX

Last updated Aug 1, 2026

GWILX (Glenmede Women in Leadership U.S. Equity Portfolio) and GTCSX (Glenmede Small Cap Equity Portfolio) are both mutual funds - GWILX is a Large Cap Value Equities fund managed by Glenmede, while GTCSX is a Small Cap Blend Equities fund managed by Glenmede. Over the past 10 years, GWILX returned 10.25%/yr vs 9.76%/yr for GTCSX. Their correlation of 0.87 means they have usually moved in the same direction. GWILX charges 0.85%/yr vs 0.92%/yr for GTCSX.

Performance

GWILX vs. GTCSX - Performance Comparison

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

Returns By Period

In the year-to-date period, GWILX achieves a 3.96% return, which is significantly lower than GTCSX's 18.40% return. Both investments have delivered pretty close results over the past 10 years, with GWILX having a 10.25% annualized return and GTCSX not far behind at 9.76%.

GWILX

• 1D: -0.88%
• 1M: 0.11%
• 6M: 3.01%
• YTD: 3.96%
• 1Y: 10.05%
• 3Y*: 10.86%
• 5Y*: 6.30%
• 10Y*: 10.25%
• ALL TIME*: 10.64%

GTCSX

• 1D: 0.00%
• 1M: 2.39%
• 6M: 12.82%
• YTD: 18.40%
• 1Y: 30.20%
• 3Y*: 8.63%
• 5Y*: 7.48%
• 10Y*: 9.76%
• ALL TIME*: 7.94%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GTCSX Glenmede Small Cap Equity Portfolio	$0.00	$0.00	$0.00
GWILX Glenmede Women in Leadership U.S. Equity Portfolio	$0.00	$0.00	$0.00

GWILX vs. GTCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GWILX Glenmede Women in Leadership U.S. Equity Portfolio	3.96%	8.19%	15.76%	17.36%	-13.71%	24.45%	7.84%	26.88%	-8.65%	22.90%
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 GWILX and GTCSX is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.86
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 4, 2016	0.87

The correlation between GWILX and GTCSX has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

Return for Risk

GWILX vs. GTCSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GWILX

GWILX Risk / Return Rank: 12
GWILX Sharpe Ratio Rank: 12
GWILX Sortino Ratio Rank: 12
GWILX Omega Ratio Rank: 11
GWILX Calmar Ratio Rank: 11
GWILX Martin Ratio Rank: 11

GTCSX

GTCSX Risk / Return Rank: 61
GTCSX Sharpe Ratio Rank: 59
GTCSX Sortino Ratio Rank: 62
GTCSX Omega Ratio Rank: 54
GTCSX Calmar Ratio Rank: 71
GTCSX Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GWILX vs. GTCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Glenmede Women in Leadership U.S. Equity Portfolio (GWILX) 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.

	GWILX	GTCSX	Difference
Sharpe ratio: Return per unit of total volatility	0.51	1.48	-0.97
Sortino ratio: Return per unit of downside risk	0.85	2.22	-1.37
Omega ratio: Gain probability vs. loss probability	1.09	1.26	-0.17
Calmar ratio: Return relative to maximum drawdown	0.60	2.34	-1.75
Martin ratio: Return relative to average drawdown	1.69	7.73	-6.03

GWILX vs. GTCSX - Sharpe Ratio Comparison

The current GWILX Sharpe Ratio is 0.51, which is lower than the GTCSX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of GWILX and GTCSX, 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

GWILX vs. GTCSX - Drawdown Comparison

The maximum GWILX drawdown since its inception was -38.22%, smaller than the maximum GTCSX drawdown of -59.45%. Use the drawdown chart below to compare losses from any high point for GWILX and GTCSX.

Drawdown Indicators

	GWILX	GTCSX	Difference
Max Drawdown Largest peak-to-trough decline	-38.22%	-59.45%	+21.23%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	-11.13%	-1.99%
Max Drawdown (3Y) Largest decline over 3 years	-25.73%	-28.54%	+2.81%
Max Drawdown (5Y) Largest decline over 5 years	-25.73%	-28.54%	+2.81%
Max Drawdown (10Y) Largest decline over 10 years	-38.22%	-49.50%	+11.28%
Current Drawdown Current decline from peak	-2.79%	-0.62%	-2.17%
Average Drawdown Average peak-to-trough decline	-5.90%	-11.95%	+6.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.62%	3.39%	+1.23%

Volatility

GWILX vs. GTCSX - Volatility Comparison

The current volatility for Glenmede Women in Leadership U.S. Equity Portfolio (GWILX) is 3.84%, while Glenmede Small Cap Equity Portfolio (GTCSX) has a volatility of 4.06%. This indicates that GWILX 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.

Volatility by Period

	GWILX	GTCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	4.06%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	11.36%	11.92%	-0.56%
Volatility (1Y) Calculated over the trailing 1-year period	15.42%	17.65%	-2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.41%	20.80%	-2.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	23.26%	-4.14%

GWILX vs. GTCSX - Expense Ratio Comparison

GWILX has a 0.85% expense ratio, which is lower than GTCSX's 0.92% expense ratio.

Dividends

GWILX vs. GTCSX - Dividend Comparison

GWILX's dividend yield for the trailing twelve months is around 89.96%, 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%
GWILX Glenmede Women in Leadership U.S. Equity Portfolio	89.96%	94.11%	13.95%	5.36%	3.42%	21.17%	0.94%	0.92%	4.73%	1.17%	1.44%	0.00%

Frequently Asked Questions

Can I hold both GWILX and GTCSX in my portfolio?

GWILX and GTCSX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GWILX or GTCSX?

GTCSX has higher volatility (4.06%) compared to GWILX (3.84%). In terms of maximum drawdown, GWILX dropped -38.22% vs GTCSX's -59.45%.

Which has better risk-adjusted returns?

GTCSX currently has the higher Sharpe Ratio (1.48 vs 0.51), 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.