LGRCX vs. GCPYX

Last updated Aug 1, 2026

LGRCX (Loomis Sayles Growth Fund Class C) and GCPYX (Gateway Equity Call Premium Fund) are both mutual funds - LGRCX is a Large Cap Growth Equities fund managed by Natixis, while GCPYX is a Options Trading fund managed by Natixis. Over the past 10 years, LGRCX returned 13.95%/yr vs 9.35%/yr for GCPYX. Their correlation of 0.89 means they have usually moved in the same direction. LGRCX charges 1.65%/yr vs 0.68%/yr for GCPYX.

Performance

LGRCX vs. GCPYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Loomis Sayles Growth Fund Class C (LGRCX) and Gateway Equity Call Premium Fund (GCPYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGRCX achieves a -6.93% return, which is significantly lower than GCPYX's 5.97% return. Over the past 10 years, LGRCX has outperformed GCPYX with an annualized return of 13.95%, while GCPYX has yielded a comparatively lower 9.35% annualized return.

LGRCX

• 1D: 0.96%
• 1M: -2.51%
• 6M: -6.34%
• YTD: -6.93%
• 1Y: -2.63%
• 3Y*: 13.61%
• 5Y*: 8.88%
• 10Y*: 13.95%
• ALL TIME*: 10.01%

GCPYX

• 1D: 1.33%
• 1M: -0.17%
• 6M: 4.75%
• YTD: 5.97%
• 1Y: 15.05%
• 3Y*: 13.15%
• 5Y*: 9.27%
• 10Y*: 9.35%
• ALL TIME*: 8.60%

*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)
GCPYX Gateway Equity Call Premium Fund	$0.00	$0.00	$0.00
LGRCX Loomis Sayles Growth Fund Class C	$0.00	$0.00	$0.00

LGRCX vs. GCPYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LGRCX Loomis Sayles Growth Fund Class C	-6.93%	12.90%	33.77%	49.68%	-28.62%	17.50%	30.41%	30.47%	-3.53%	31.39%
GCPYX Gateway Equity Call Premium Fund	5.97%	12.59%	18.15%	17.59%	-11.48%	19.28%	8.38%	16.67%	-5.37%	12.22%

Correlation

The correlation between LGRCX and GCPYX is 0.86, 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.	0.86
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014	0.89

The correlation between LGRCX and GCPYX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

LGRCX vs. GCPYX — Risk / Return Rank

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

LGRCX

LGRCX Risk / Return Rank: 3
LGRCX Sharpe Ratio Rank: 3
LGRCX Sortino Ratio Rank: 3
LGRCX Omega Ratio Rank: 3
LGRCX Calmar Ratio Rank: 3
LGRCX Martin Ratio Rank: 3

GCPYX

GCPYX Risk / Return Rank: 80
GCPYX Sharpe Ratio Rank: 78
GCPYX Sortino Ratio Rank: 77
GCPYX Omega Ratio Rank: 78
GCPYX Calmar Ratio Rank: 76
GCPYX Martin Ratio Rank: 90

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.

LGRCX vs. GCPYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Growth Fund Class C (LGRCX) 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.

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.

	LGRCX	GCPYX	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	1.81	-1.99
Sortino ratio: Return per unit of downside risk	-0.13	2.63	-2.76
Omega ratio: Gain probability vs. loss probability	0.98	1.35	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.18	2.47	-2.65
Martin ratio: Return relative to average drawdown	-0.46	12.53	-12.99

LGRCX vs. GCPYX - Sharpe Ratio Comparison

The current LGRCX Sharpe Ratio is -0.18, which is lower than the GCPYX Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of LGRCX and GCPYX, 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

LGRCX vs. GCPYX - Drawdown Comparison

The maximum LGRCX drawdown since its inception was -58.53%, which is greater than GCPYX's maximum drawdown of -25.24%. Use the drawdown chart below to compare losses from any high point for LGRCX and GCPYX.

Drawdown Indicators

	LGRCX	GCPYX	Difference
Max Drawdown Largest peak-to-trough decline	-58.53%	-25.24%	-33.29%
Max Drawdown (1Y) Largest decline over 1 year	-18.16%	-7.02%	-11.14%
Max Drawdown (3Y) Largest decline over 3 years	-28.96%	-15.49%	-13.47%
Max Drawdown (5Y) Largest decline over 5 years	-35.31%	-18.33%	-16.98%
Max Drawdown (10Y) Largest decline over 10 years	-35.31%	-25.24%	-10.07%
Current Drawdown Current decline from peak	-10.17%	-1.26%	-8.91%
Average Drawdown Average peak-to-trough decline	-11.08%	-2.79%	-8.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.61%	1.29%	+5.32%

Volatility

LGRCX vs. GCPYX - Volatility Comparison

Loomis Sayles Growth Fund Class C (LGRCX) has a higher volatility of 5.36% compared to Gateway Equity Call Premium Fund (GCPYX) at 2.63%. This indicates that LGRCX's price experiences larger fluctuations and is considered to be riskier than GCPYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGRCX	GCPYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	2.63%	+2.73%
Volatility (6M) Calculated over the trailing 6-month period	13.84%	7.48%	+6.36%
Volatility (1Y) Calculated over the trailing 1-year period	18.14%	9.59%	+8.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.34%	12.38%	+10.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.22%	12.49%	+8.73%

LGRCX vs. GCPYX - Expense Ratio Comparison

LGRCX has a 1.65% expense ratio, which is higher than GCPYX's 0.68% expense ratio.

Dividends

LGRCX vs. GCPYX - Dividend Comparison

LGRCX's dividend yield for the trailing twelve months is around 3.33%, more than GCPYX's 0.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GCPYX Gateway Equity Call Premium Fund	0.40%	0.44%	0.73%	0.92%	0.96%	0.47%	0.82%	1.07%	1.12%	1.03%	1.15%	1.47%
LGRCX Loomis Sayles Growth Fund Class C	3.33%	3.10%	7.70%	8.01%	21.28%	5.81%	5.14%	2.60%	6.05%	2.18%	1.36%	0.00%

Frequently Asked Questions

Can I hold both LGRCX and GCPYX in my portfolio?

LGRCX and GCPYX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGRCX or GCPYX?

LGRCX has higher volatility (5.36%) compared to GCPYX (2.63%). In terms of maximum drawdown, LGRCX dropped -58.53% vs GCPYX's -25.24%.

Which has better risk-adjusted returns?

GCPYX currently has the higher Sharpe Ratio (1.81 vs -0.18), 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.