QCSTPX vs. GCCHX

Last updated Jun 24, 2026

QCSTPX (CREF Total Global Stock Account Class R2) and GCCHX (GMO Climate Change Fund) are both Global Equities funds. Over the past year, QCSTPX returned 28.64% vs 68.36% for GCCHX. A 0.67 correlation means they provide meaningful diversification when combined.

Performance

QCSTPX vs. GCCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CREF Total Global Stock Account Class R2 (QCSTPX) and GMO Climate Change Fund (GCCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCSTPX achieves a 12.56% return, which is significantly lower than GCCHX's 20.11% return.

QCSTPX

• 1D: -0.04%
• 1M: 2.26%
• YTD: 12.56%
• 6M: 11.88%
• 1Y: 28.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GCCHX

• 1D: 0.33%
• 1M: -1.73%
• YTD: 20.11%
• 6M: 18.32%
• 1Y: 68.36%
• 3Y*: 4.06%
• 5Y*: 2.52%
• 10Y*: —

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

QCSTPX vs. GCCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QCSTPX CREF Total Global Stock Account Class R2	12.56%	20.00%	0.00%
GCCHX GMO Climate Change Fund	20.11%	39.25%	-1.45%

Correlation

The correlation between QCSTPX and GCCHX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (All Time) Calculated using the full available price history since Dec 27, 2024	0.67

The correlation between QCSTPX and GCCHX has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.

Return for Risk

QCSTPX vs. GCCHX — Risk / Return Rank

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

QCSTPX

QCSTPX Risk / Return Rank: 66
QCSTPX Sharpe Ratio Rank: 66
QCSTPX Sortino Ratio Rank: 61
QCSTPX Omega Ratio Rank: 63
QCSTPX Calmar Ratio Rank: 67
QCSTPX Martin Ratio Rank: 73

GCCHX

GCCHX Risk / Return Rank: 88
GCCHX Sharpe Ratio Rank: 92
GCCHX Sortino Ratio Rank: 83
GCCHX Omega Ratio Rank: 76
GCCHX Calmar Ratio Rank: 96
GCCHX Martin Ratio Rank: 92

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.

QCSTPX vs. GCCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CREF Total Global Stock Account Class R2 (QCSTPX) and GMO Climate Change Fund (GCCHX). 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.

	QCSTPX	GCCHX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.87	-0.68
Sortino ratio: Return per unit of downside risk	2.99	3.61	-0.62
Omega ratio: Gain probability vs. loss probability	1.40	1.45	-0.05
Calmar ratio: Return relative to maximum drawdown	3.01	5.81	-2.80
Martin ratio: Return relative to average drawdown	13.06	17.68	-4.62

QCSTPX vs. GCCHX - Sharpe Ratio Comparison

The current QCSTPX Sharpe Ratio is 2.19, which is comparable to the GCCHX Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of QCSTPX and GCCHX, 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

QCSTPX vs. GCCHX - Drawdown Comparison

The maximum QCSTPX drawdown since its inception was -16.98%, smaller than the maximum GCCHX drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for QCSTPX and GCCHX.

Drawdown Indicators

	QCSTPX	GCCHX	Difference
Max Drawdown Largest peak-to-trough decline	-16.98%	-54.32%	+37.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.95%	-11.76%	+1.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-52.03%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-54.32%	—
Current Drawdown Current decline from peak	-0.15%	-6.77%	+6.62%
Average Drawdown Average peak-to-trough decline	-2.01%	-13.86%	+11.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	3.86%	-1.58%

Volatility

QCSTPX vs. GCCHX - Volatility Comparison

The current volatility for CREF Total Global Stock Account Class R2 (QCSTPX) is 5.35%, while GMO Climate Change Fund (GCCHX) has a volatility of 8.79%. This indicates that QCSTPX experiences smaller price fluctuations and is considered to be less risky than GCCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCSTPX	GCCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	8.79%	-3.44%
Volatility (6M) Calculated over the trailing 6-month period	11.30%	17.71%	-6.41%
Volatility (1Y) Calculated over the trailing 1-year period	13.68%	23.85%	-10.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.50%	27.15%	-11.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.50%	25.20%	-9.70%

Dividends

QCSTPX vs. GCCHX - Dividend Comparison

QCSTPX has not paid dividends to shareholders, while GCCHX's dividend yield for the trailing twelve months is around 1.25%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GCCHX GMO Climate Change Fund	1.25%	1.51%	0.66%	0.96%	2.24%	25.43%	5.42%	4.03%	2.62%	3.43%
QCSTPX CREF Total Global Stock Account Class R2	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QCSTPX and GCCHX in my portfolio?

QCSTPX and GCCHX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCSTPX or GCCHX?

GCCHX has higher volatility (8.79%) compared to QCSTPX (5.35%). In terms of maximum drawdown, QCSTPX dropped -16.98% vs GCCHX's -54.32%.

Which has better risk-adjusted returns?

GCCHX currently has the higher Sharpe Ratio (2.87 vs 2.19), 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.