IRONX vs. GCPYX
Compare and contrast key facts about Ironclad Managed Risk Fund (IRONX) and Gateway Equity Call Premium Fund (GCPYX).
IRONX is managed by BlackRock. It was launched on Oct 14, 2010. GCPYX is managed by Natixis. It was launched on Sep 29, 2014.
Performance
IRONX vs. GCPYX - Performance Comparison
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IRONX vs. GCPYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRONX Ironclad Managed Risk Fund | -3.04% | 10.57% | 14.78% | 10.61% | 0.26% | 13.24% | 5.91% | 458.33% | 1.99% | 3.33% |
GCPYX Gateway Equity Call Premium Fund | -2.97% | 12.59% | 18.15% | 17.59% | -11.48% | 19.28% | 8.38% | 16.67% | -5.37% | 12.22% |
Returns By Period
The year-to-date returns for both investments are quite close, with IRONX having a -3.04% return and GCPYX slightly higher at -2.97%. Over the past 10 years, IRONX has outperformed GCPYX with an annualized return of 25.89%, while GCPYX has yielded a comparatively lower 8.87% annualized return.
IRONX
- 1D
- 1.40%
- 1M
- -3.19%
- YTD
- -3.04%
- 6M
- -2.40%
- 1Y
- 8.36%
- 3Y*
- 9.96%
- 5Y*
- 8.52%
- 10Y*
- 25.89%
GCPYX
- 1D
- 2.61%
- 1M
- -4.04%
- YTD
- -2.97%
- 6M
- 1.12%
- 1Y
- 12.53%
- 3Y*
- 12.75%
- 5Y*
- 8.59%
- 10Y*
- 8.87%
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IRONX vs. GCPYX - Expense Ratio Comparison
IRONX has a 1.25% expense ratio, which is higher than GCPYX's 0.68% expense ratio.
Return for Risk
IRONX vs. GCPYX — Risk / Return Rank
IRONX
GCPYX
IRONX vs. GCPYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ironclad Managed Risk Fund (IRONX) and Gateway Equity Call Premium Fund (GCPYX). 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.
| IRONX | GCPYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 0.99 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.62 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 0.44 | +0.60 |
Martin ratioReturn relative to average drawdown | 4.51 | 1.68 | +2.83 |
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
| IRONX | GCPYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.99 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.73 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.73 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.67 | -0.12 |
Correlation
The correlation between IRONX and GCPYX is 0.80, 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
IRONX vs. GCPYX - Dividend Comparison
IRONX's dividend yield for the trailing twelve months is around 0.06%, less than GCPYX's 0.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRONX Ironclad Managed Risk Fund | 0.06% | 0.06% | 0.19% | 5.17% | 2.97% | 13.84% | 4.16% | 121.75% | 8.85% | 9.93% | 1.42% | 0.38% |
GCPYX Gateway Equity Call Premium Fund | 0.45% | 0.44% | 0.73% | 0.92% | 0.96% | 0.47% | 0.82% | 1.07% | 1.12% | 1.03% | 1.15% | 1.47% |
Drawdowns
IRONX vs. GCPYX - Drawdown Comparison
The maximum IRONX drawdown since its inception was -13.71%, smaller than the maximum GCPYX drawdown of -25.24%. Use the drawdown chart below to compare losses from any high point for IRONX and GCPYX.
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Drawdown Indicators
| IRONX | GCPYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.71% | -25.24% | +11.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -10.62% | +1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -18.33% | +6.65% |
Max Drawdown (10Y)Largest decline over 10 years | -13.71% | -25.24% | +11.53% |
Current DrawdownCurrent decline from peak | -4.60% | -4.59% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -1.79% | -2.85% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 4.04% | -2.05% |
Volatility
IRONX vs. GCPYX - Volatility Comparison
The current volatility for Ironclad Managed Risk Fund (IRONX) is 3.05%, while Gateway Equity Call Premium Fund (GCPYX) has a volatility of 4.37%. This indicates that IRONX experiences smaller price fluctuations and is considered to be less risky than GCPYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRONX | GCPYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 4.37% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | 7.40% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.68% | 15.89% | -4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.42% | 12.31% | -2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.74% | 12.45% | +28.29% |