MDCEX vs. GPIFX
MDCEX (Matisse Discounted Closed-End Fund Strategy) and GPIFX (GuidePath Flexible Income Allocation Fund) are both Tactical Allocation funds. Over the past 10 years, MDCEX returned 10.14%/yr vs 2.58%/yr for GPIFX. Their 0.39 correlation means their historical movements had little consistent relationship. MDCEX charges 1.25%/yr vs 0.50%/yr for GPIFX.
Performance
MDCEX vs. GPIFX - Performance Comparison
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Returns By Period
In the year-to-date period, MDCEX achieves a 3.92% return, which is significantly higher than GPIFX's 1.86% return. Over the past 10 years, MDCEX has outperformed GPIFX with an annualized return of 10.14%, while GPIFX has yielded a comparatively lower 2.58% annualized return.
MDCEX
- 1D
- 1.11%
- 1M
- -2.71%
- 6M
- 0.35%
- YTD
- 3.92%
- 1Y
- 14.98%
- 3Y*
- 18.04%
- 5Y*
- 11.06%
- 10Y*
- 10.14%
- ALL TIME*
- 8.86%
GPIFX
- 1D
- 0.23%
- 1M
- -0.34%
- 6M
- 1.63%
- YTD
- 1.86%
- 1Y
- 4.86%
- 3Y*
- 4.25%
- 5Y*
- 0.06%
- 10Y*
- 2.58%
- ALL TIME*
- 2.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MDCEX vs. GPIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDCEX Matisse Discounted Closed-End Fund Strategy | 3.92% | 28.05% | 14.98% | 23.93% | -6.59% | 12.61% | -6.12% | 25.56% | -9.04% | 20.71% |
GPIFX GuidePath Flexible Income Allocation Fund | 1.86% | 3.69% | 4.22% | 7.13% | -14.14% | 1.17% | 15.17% | 6.64% | -2.48% | 6.83% |
Correlation
The correlation between MDCEX and GPIFX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.39 |
The correlation between MDCEX and GPIFX shifts across timeframes, from 0.39 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MDCEX vs. GPIFX — Risk / Return Rank
MDCEX
GPIFX
MDCEX vs. GPIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matisse Discounted Closed-End Fund Strategy (MDCEX) and GuidePath Flexible Income Allocation Fund (GPIFX). 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.
| MDCEX | GPIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.43 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 3.03 | -1.53 |
| Martin ratioReturn relative to average drawdown | 5.39 | 13.19 | -7.80 |
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Drawdowns
MDCEX vs. GPIFX - Drawdown Comparison
The maximum MDCEX drawdown since its inception was -48.68%, which is greater than GPIFX's maximum drawdown of -16.72%. Use the drawdown chart below to compare losses from any high point for MDCEX and GPIFX.
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Drawdown Indicators
| MDCEX | GPIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.68% | -16.72% | -31.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -1.69% | -7.58% |
Max Drawdown (3Y)Largest decline over 3 years | -13.46% | -4.14% | -9.32% |
Max Drawdown (5Y)Largest decline over 5 years | -21.14% | -16.72% | -4.42% |
Max Drawdown (10Y)Largest decline over 10 years | -48.68% | -16.72% | -31.96% |
Current DrawdownCurrent decline from peak | -3.74% | -0.53% | -3.21% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -3.99% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 0.39% | +2.17% |
Volatility
MDCEX vs. GPIFX - Volatility Comparison
Matisse Discounted Closed-End Fund Strategy (MDCEX) has a higher volatility of 3.11% compared to GuidePath Flexible Income Allocation Fund (GPIFX) at 0.63%. This indicates that MDCEX's price experiences larger fluctuations and is considered to be riskier than GPIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDCEX | GPIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 0.63% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 10.22% | 2.13% | +8.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.71% | 2.54% | +9.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 4.80% | +9.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.42% | 5.32% | +10.10% |
MDCEX vs. GPIFX - Expense Ratio Comparison
MDCEX has a 1.25% expense ratio, which is higher than GPIFX's 0.50% expense ratio.
Dividends
MDCEX vs. GPIFX - Dividend Comparison
MDCEX's dividend yield for the trailing twelve months is around 11.39%, more than GPIFX's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPIFX GuidePath Flexible Income Allocation Fund | 4.90% | 5.15% | 5.18% | 4.86% | 1.96% | 3.10% | 2.62% | 3.73% | 3.46% | 3.90% | 1.97% | 1.24% |
MDCEX Matisse Discounted Closed-End Fund Strategy | 11.39% | 11.38% | 12.11% | 8.00% | 9.10% | 41.90% | 10.81% | 10.09% | 17.17% | 2.33% | 3.30% | 9.38% |
Frequently Asked Questions
MDCEX and GPIFX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDCEX has higher volatility (3.11%) compared to GPIFX (0.63%). In terms of maximum drawdown, MDCEX dropped -48.68% vs GPIFX's -16.72%.
GPIFX currently has the higher Sharpe Ratio (2.02 vs 1.19), 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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