LSGGX vs. GCPYX

Last updated Jun 5, 2026

LSGGX (Loomis Sayles Global Growth Fund) and GCPYX (Gateway Equity Call Premium Fund) are both mutual funds - LSGGX is a Global Equities fund managed by Natixis, while GCPYX is a Options Trading fund managed by Natixis. Over the past 5 years, LSGGX returned 6.53%/yr vs 9.59%/yr for GCPYX. Their correlation of 0.84 suggests significant overlap in exposure. LSGGX charges 0.95%/yr vs 0.68%/yr for GCPYX.

Performance

LSGGX vs. GCPYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Loomis Sayles Global Growth Fund (LSGGX) 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, LSGGX achieves a -3.67% return, which is significantly lower than GCPYX's 5.15% return.

LSGGX

• 1D: -1.25%
• 1M: 1.16%
• YTD: -3.67%
• 6M: -4.96%
• 1Y: 4.69%
• 3Y*: 15.21%
• 5Y*: 6.53%
• 10Y*: —

GCPYX

• 1D: -0.34%
• 1M: 2.27%
• YTD: 5.15%
• 6M: 5.93%
• 1Y: 19.53%
• 3Y*: 14.23%
• 5Y*: 9.59%
• 10Y*: 9.47%

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

LSGGX vs. GCPYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LSGGX Loomis Sayles Global Growth Fund	-3.67%	16.84%	23.30%	36.10%	-25.98%	5.89%	35.25%	30.63%	-6.70%	31.11%
GCPYX Gateway Equity Call Premium Fund	5.15%	12.59%	18.15%	17.59%	-11.48%	19.28%	8.38%	16.67%	-5.37%	11.70%

Correlation

The correlation between LSGGX and GCPYX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.84

The correlation between LSGGX and GCPYX has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

Return for Risk

LSGGX vs. GCPYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LSGGX

LSGGX Risk / Return Rank: 5
LSGGX Sharpe Ratio Rank: 5
LSGGX Sortino Ratio Rank: 5
LSGGX Omega Ratio Rank: 5
LSGGX Calmar Ratio Rank: 5
LSGGX Martin Ratio Rank: 5

GCPYX

GCPYX Risk / Return Rank: 83
GCPYX Sharpe Ratio Rank: 84
GCPYX Sortino Ratio Rank: 83
GCPYX Omega Ratio Rank: 83
GCPYX Calmar Ratio Rank: 77
GCPYX Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LSGGX vs. GCPYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Global Growth Fund (LSGGX) 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.

	LSGGX	GCPYX	Difference
Sharpe ratio: Return per unit of total volatility	0.35	2.72	-2.37
Sortino ratio: Return per unit of downside risk	0.60	3.98	-3.38
Omega ratio: Gain probability vs. loss probability	1.07	1.56	-0.49
Calmar ratio: Return relative to maximum drawdown	0.29	3.41	-3.12
Martin ratio: Return relative to average drawdown	0.74	17.94	-17.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LSGGX vs. GCPYX - Sharpe Ratio Comparison

The current LSGGX Sharpe Ratio is 0.35, which is lower than the GCPYX Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of LSGGX 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.

Sharpe Ratios by Period

	LSGGX	GCPYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	2.72	-2.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.82	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.73	-0.07

Drawdowns

LSGGX vs. GCPYX - Drawdown Comparison

The maximum LSGGX drawdown since its inception was -37.72%, which is greater than GCPYX's maximum drawdown of -25.24%. Use the drawdown chart below to compare losses from any high point for LSGGX and GCPYX.

Drawdown Indicators

	LSGGX	GCPYX	Difference
Max Drawdown Largest peak-to-trough decline	-37.72%	-25.24%	-12.48%
Max Drawdown (1Y) Largest decline over 1 year	-21.08%	-7.02%	-14.06%
Max Drawdown (3Y) Largest decline over 3 years	-22.21%	-15.49%	-6.72%
Max Drawdown (5Y) Largest decline over 5 years	-37.72%	-18.33%	-19.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.24%	—
Current Drawdown Current decline from peak	-8.94%	-0.34%	-8.60%
Average Drawdown Average peak-to-trough decline	-7.61%	-2.82%	-4.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.72%	2.02%	+5.70%

Volatility

LSGGX vs. GCPYX - Volatility Comparison

Loomis Sayles Global Growth Fund (LSGGX) has a higher volatility of 4.31% compared to Gateway Equity Call Premium Fund (GCPYX) at 1.40%. This indicates that LSGGX'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

	LSGGX	GCPYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	1.40%	+2.91%
Volatility (6M) Calculated over the trailing 6-month period	13.81%	7.37%	+6.44%
Volatility (1Y) Calculated over the trailing 1-year period	17.39%	8.80%	+8.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.99%	12.28%	+9.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.53%	12.46%	+8.07%

LSGGX vs. GCPYX - Expense Ratio Comparison

LSGGX has a 0.95% expense ratio, which is higher than GCPYX's 0.68% expense ratio.

Dividends

LSGGX vs. GCPYX - Dividend Comparison

LSGGX's dividend yield for the trailing twelve months is around 0.31%, less than GCPYX's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GCPYX Gateway Equity Call Premium Fund	0.41%	0.44%	0.73%	0.92%	0.96%	0.47%	0.82%	1.07%	1.12%	1.03%	1.15%	1.47%
LSGGX Loomis Sayles Global Growth Fund	0.31%	0.30%	0.00%	0.00%	7.77%	7.38%	6.15%	5.74%	4.78%	3.44%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LSGGX and GCPYX in my portfolio?

LSGGX and GCPYX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LSGGX or GCPYX?

LSGGX has higher volatility (4.31%) compared to GCPYX (1.40%). In terms of maximum drawdown, LSGGX dropped -37.72% vs GCPYX's -25.24%.

Which has better risk-adjusted returns?

GCPYX currently has the higher Sharpe Ratio (2.72 vs 0.35), 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.