STTIX vs. GATEX

Last updated Jun 4, 2026

STTIX (North SquareTrilogy Alternative Return Fund) and GATEX (Gateway Fund) are both Options Trading funds. Over the past 10 years, STTIX returned 1.73%/yr vs 6.80%/yr for GATEX. At a 0.41 correlation, their price movements are largely independent. STTIX charges 1.38%/yr vs 0.93%/yr for GATEX.

Performance

STTIX vs. GATEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in North SquareTrilogy Alternative Return Fund (STTIX) and Gateway Fund (GATEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STTIX achieves a 0.10% return, which is significantly lower than GATEX's 4.80% return. Over the past 10 years, STTIX has underperformed GATEX with an annualized return of 1.73%, while GATEX has yielded a comparatively higher 6.80% annualized return.

STTIX

• 1D: 0.11%
• 1M: 0.40%
• YTD: 0.10%
• 6M: -0.26%
• 1Y: 4.49%
• 3Y*: 3.79%
• 5Y*: 0.08%
• 10Y*: 1.73%

GATEX

• 1D: 0.13%
• 1M: 2.39%
• YTD: 4.80%
• 6M: 5.02%
• 1Y: 14.55%
• 3Y*: 11.75%
• 5Y*: 7.12%
• 10Y*: 6.80%

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

STTIX vs. GATEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STTIX North SquareTrilogy Alternative Return Fund	0.10%	6.66%	5.94%	-1.89%	-10.52%	4.57%	7.19%	3.44%	-6.48%	4.90%
GATEX Gateway Fund	4.80%	10.07%	15.55%	14.43%	-12.06%	11.24%	6.92%	10.84%	-4.39%	9.66%

Correlation

The correlation between STTIX and GATEX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.41

Over the past year, the correlation between STTIX and GATEX has dropped to 0.20 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

Return for Risk

STTIX vs. GATEX — Risk / Return Rank

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

STTIX

STTIX Risk / Return Rank: 20
STTIX Sharpe Ratio Rank: 20
STTIX Sortino Ratio Rank: 22
STTIX Omega Ratio Rank: 19
STTIX Calmar Ratio Rank: 19
STTIX Martin Ratio Rank: 18

GATEX

GATEX Risk / Return Rank: 75
GATEX Sharpe Ratio Rank: 78
GATEX Sortino Ratio Rank: 80
GATEX Omega Ratio Rank: 78
GATEX Calmar Ratio Rank: 62
GATEX Martin Ratio Rank: 75

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.

STTIX vs. GATEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North SquareTrilogy Alternative Return Fund (STTIX) and Gateway Fund (GATEX). 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.

	STTIX	GATEX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	2.56	-1.29
Sortino ratio: Return per unit of downside risk	1.95	3.79	-1.83
Omega ratio: Gain probability vs. loss probability	1.23	1.51	-0.28
Calmar ratio: Return relative to maximum drawdown	1.62	3.02	-1.40
Martin ratio: Return relative to average drawdown	4.82	14.22	-9.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STTIX vs. GATEX - Sharpe Ratio Comparison

The current STTIX Sharpe Ratio is 1.27, which is lower than the GATEX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of STTIX and GATEX, 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

	STTIX	GATEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	2.56	-1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.78	-0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.78	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.53	-0.29

Drawdowns

STTIX vs. GATEX - Drawdown Comparison

The maximum STTIX drawdown since its inception was -18.71%, smaller than the maximum GATEX drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for STTIX and GATEX.

Drawdown Indicators

	STTIX	GATEX	Difference
Max Drawdown Largest peak-to-trough decline	-18.71%	-29.74%	+11.03%
Max Drawdown (1Y) Largest decline over 1 year	-2.86%	-6.01%	+3.15%
Max Drawdown (3Y) Largest decline over 3 years	-13.10%	-11.52%	-1.58%
Max Drawdown (5Y) Largest decline over 5 years	-18.71%	-16.39%	-2.32%
Max Drawdown (10Y) Largest decline over 10 years	-18.71%	-16.39%	-2.32%
Current Drawdown Current decline from peak	-6.30%	0.00%	-6.30%
Average Drawdown Average peak-to-trough decline	-4.74%	-3.90%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	1.52%	-0.56%

Volatility

STTIX vs. GATEX - Volatility Comparison

North SquareTrilogy Alternative Return Fund (STTIX) has a higher volatility of 1.31% compared to Gateway Fund (GATEX) at 1.05%. This indicates that STTIX's price experiences larger fluctuations and is considered to be riskier than GATEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STTIX	GATEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	1.05%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	2.55%	5.87%	-3.32%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	7.08%	-3.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.83%	9.56%	+0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.81%	8.89%	-1.08%

STTIX vs. GATEX - Expense Ratio Comparison

STTIX has a 1.38% expense ratio, which is higher than GATEX's 0.93% expense ratio.

Dividends

STTIX vs. GATEX - Dividend Comparison

STTIX's dividend yield for the trailing twelve months is around 4.69%, more than GATEX's 0.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GATEX Gateway Fund	0.18%	0.22%	0.42%	0.67%	0.63%	0.43%	0.83%	1.09%	1.15%	1.01%	1.36%	1.84%
STTIX North SquareTrilogy Alternative Return Fund	4.69%	4.26%	17.39%	2.10%	1.03%	0.49%	1.02%	1.68%	1.73%	0.96%	0.99%	1.07%

Frequently Asked Questions

Can I hold both STTIX and GATEX in my portfolio?

STTIX and GATEX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STTIX or GATEX?

STTIX has higher volatility (1.31%) compared to GATEX (1.05%). In terms of maximum drawdown, STTIX dropped -18.71% vs GATEX's -29.74%.

Which has better risk-adjusted returns?

GATEX currently has the higher Sharpe Ratio (2.56 vs 1.27), 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.