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ISIN
US38142V5710
CUSIP
38142V571
Inception Date
Jan 2, 1998
Min. Investment
$1,000
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

GAPAX Performance Chart

Goldman Sachs Dynamic Global Equity Fund Class A (GAPAX) is up 12.1% since the beginning of the year. GAPAX is currently trading at $25 per share. Investors who bought $1,000 worth of GAPAX shares 5 years ago would now be looking at an investment worth $1,763.


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S&P 500 Index

Returns By Period

Goldman Sachs Dynamic Global Equity Fund Class A (GAPAX) has returned 12.05% so far this year and 30.29% over the past 12 months. Over the last ten years, GAPAX has had an annualized return of 13.22%, just under the S&P 500 Index benchmark’s 13.88%.


Goldman Sachs Dynamic Global Equity Fund Class A

1D
1.40%
1M
1.93%
YTD
12.05%
6M
11.82%
1Y
30.29%
3Y*
21.43%
5Y*
12.01%
10Y*
13.22%

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GAPAX Monthly Returns History

Based on dividend-adjusted daily data since Dec 31, 1997, GAPAX's average daily return is +0.04%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +11.7%, while the worst month was Oct 2008 at -21.0%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.

On a daily basis, GAPAX closed higher 52% of trading days. The best single day was Jan 3, 2001 with a return of +16.1%, while the worst single day was Jan 2, 2001 at -13.5%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20263.22%1.71%-6.98%9.36%4.75%0.16%12.05%
20253.23%-0.63%-4.19%-0.19%5.72%4.73%1.21%2.85%3.85%1.95%0.31%1.01%21.27%
20240.51%4.78%3.36%-4.18%4.80%2.03%2.08%2.40%2.08%-2.55%4.53%2.36%24.08%
20237.39%-3.01%3.00%1.40%-1.54%5.61%3.37%-2.92%-4.17%-2.87%8.64%4.76%20.25%
2022-5.09%-2.96%1.86%-7.71%0.56%-8.61%6.67%-4.13%-9.92%6.76%8.02%-4.52%-19.30%
2021-0.09%2.39%3.52%4.16%2.08%1.33%0.57%2.49%-4.54%4.59%-2.47%4.88%20.10%

Benchmark Metrics

Goldman Sachs Dynamic Global Equity Fund Class A has an annualized alpha of 0.89%, beta of 0.90, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since December 31, 1997.

  • With beta of 0.90 and R2 of 0.85, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

Alpha
0.89%
Beta
0.90
0.85
Upside Capture
99.35%
Downside Capture
99.10%

Expense Ratio

GAPAX has an expense ratio of 0.89%, placing it in the medium range.


Return for Risk

Risk / Return Rank

GAPAX ranks 63 for risk / return — better than 63% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


GAPAX Risk / Return Rank: 6363
Overall Rank
GAPAX Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
GAPAX Sortino Ratio Rank: 5858
Sortino Ratio Rank
GAPAX Omega Ratio Rank: 6060
Omega Ratio Rank
GAPAX Calmar Ratio Rank: 6464
Calmar Ratio Rank
GAPAX Martin Ratio Rank: 7070
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Goldman Sachs Dynamic Global Equity Fund Class A (GAPAX) and compare them to S&P 500 Index.

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.


GAPAXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

+0.13

Sortino ratioReturn per unit of downside risk

+0.17

Omega ratioGain probability vs. loss probability

1.39

1.37

+0.02

Calmar ratioReturn relative to maximum drawdown

2.92

2.78

+0.14

Martin ratioReturn relative to average drawdown

12.69

12.44

+0.25

Dividends

Dividend History

Goldman Sachs Dynamic Global Equity Fund Class A provided a 12.89% dividend yield over the last twelve months, with an annual payout of $3.27 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%5.00%10.00%15.00%$0.00$0.50$1.00$1.50$2.00$2.50$3.00$3.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$3.27$3.27$3.14$0.99$1.10$2.83$0.50$1.90$0.43$0.37$0.18$0.14

Dividend yield

12.89%14.45%14.69%5.01%6.35%12.40%2.34%9.86%2.64%1.96%1.16%0.97%

Monthly Dividends

The table displays the monthly dividend distributions for Goldman Sachs Dynamic Global Equity Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.27$3.27
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.14$3.14
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.99$0.99
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.10$1.10
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.83$2.83

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Goldman Sachs Dynamic Global Equity Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Goldman Sachs Dynamic Global Equity Fund Class A was 58.88%, occurring on Mar 9, 2009. Recovery took 1141 trading sessions.

The current Goldman Sachs Dynamic Global Equity Fund Class A drawdown is 0.59%.


Related event

Drawdown

Fall

Recovery

Underwater

Financial crisis2007–2009
-58.88%Mar 2009
1y 4mo4y 6mo
5y 10moNov 2007 - Sep 2013
Dot-com crash2000–2002
-44.23%Oct 2002
2y 6mo2y 2mo
4y 9moMar 2000 - Dec 2004
COVID crash2020
-36.31%Mar 2020
1mo 9d5mo 13d
6mo 22dFeb 2020 - Sep 2020
Bear market2022
-31.13%Oct 2022
9mo 15d1y 7mo
2y 4moDec 2021 - May 2024
1998 bear market1998
-27.09%Oct 1998
5mo 25d8mo 26d
1y 2moApr 1998 - Jul 1999

Drawdown Indicators


GAPAXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-58.88%

-56.78%

-2.10%

Max Drawdown (1Y)

Largest decline over 1 year

-10.28%

-9.10%

-1.18%

Max Drawdown (3Y)

Largest decline over 3 years

-18.34%

-18.90%

+0.56%

Max Drawdown (5Y)

Largest decline over 5 years

-31.13%

-25.43%

-5.70%

Max Drawdown (10Y)

Largest decline over 10 years

-36.31%

-33.92%

-2.39%

Current Drawdown

Current decline from peak

-0.59%

-1.80%

+1.21%

Average Drawdown

Average peak-to-trough decline

-11.81%

-10.71%

-1.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.36%

2.03%

+0.33%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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