- ISIN
- US38142V4721
- Issuer
- Goldman Sachs
- Inception Date
- Jan 1, 1998
- Category
- Global Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GAPIX Performance Chart
Goldman Sachs Dynamic Global Equity Fund (GAPIX) is up 12.2% since the beginning of the year. GAPIX is currently trading at $26 per share. Investors who bought $1,000 worth of GAPIX shares 5 years ago would now be looking at an investment worth $1,793.
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Returns By Period
Goldman Sachs Dynamic Global Equity Fund (GAPIX) has returned 12.23% so far this year and 30.72% over the past 12 months. Over the last ten years, GAPIX has had an annualized return of 13.63%, just under the S&P 500 Index benchmark’s 13.88%.
Goldman Sachs Dynamic Global Equity Fund
- 1D
- 1.37%
- 1M
- 1.92%
- YTD
- 12.23%
- 6M
- 12.00%
- 1Y
- 30.72%
- 3Y*
- 21.83%
- 5Y*
- 12.39%
- 10Y*
- 13.63%
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%
GAPIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 1997, GAPIX's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +11.8%, 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, GAPIX closed higher 52% of trading days. The best single day was Jan 3, 2001 with a return of +15.7%, while the worst single day was Jan 2, 2001 at -13.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.24% | 1.72% | -6.91% | 9.42% | 4.73% | 0.19% | 12.23% | ||||||
| 2025 | 3.31% | -0.62% | -4.20% | -0.14% | 5.75% | 4.77% | 1.22% | 2.88% | 3.89% | 1.95% | 0.34% | 1.07% | 21.72% |
| 2024 | 0.50% | 4.80% | 3.40% | -4.11% | 4.81% | 2.09% | 2.09% | 2.40% | 2.13% | -2.50% | 4.57% | 2.25% | 24.35% |
| 2023 | 7.39% | -3.02% | 3.06% | 1.43% | -1.46% | 5.62% | 3.36% | -2.87% | -4.15% | -2.82% | 8.64% | 4.82% | 20.67% |
| 2022 | -5.06% | -2.91% | 1.88% | -7.69% | 0.60% | -8.63% | 6.78% | -4.12% | -9.86% | 6.76% | 8.04% | -4.48% | -18.97% |
| 2021 | -0.09% | 2.41% | 3.62% | 4.14% | 2.14% | 1.35% | 0.61% | 2.53% | -4.51% | 4.64% | -2.47% | 4.91% | 20.53% |
Benchmark Metrics
Goldman Sachs Dynamic Global Equity Fund has an annualized alpha of 1.30%, 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
- 1.30%
- Beta
- 0.90
- R²
- 0.85
- Upside Capture
- 100.71%
- Downside Capture
- 98.52%
Expense Ratio
GAPIX has an expense ratio of 0.19%, which is considered low.
Return for Risk
Risk / Return Rank
GAPIX ranks 66 for risk / return — better than 66% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs Dynamic Global Equity Fund (GAPIX) 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.
| GAPIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 2.78 | +0.20 |
| Martin ratioReturn relative to average drawdown | 12.94 | 12.44 | +0.50 |
Dividends
Dividend History
Goldman Sachs Dynamic Global Equity Fund provided a 12.91% dividend yield over the last twelve months, with an annual payout of $3.35 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.35 | $3.35 | $3.22 | $1.06 | $1.17 | $2.91 | $0.57 | $1.97 | $0.47 | $0.44 | $0.24 | $0.20 |
Dividend yield | 12.91% | 14.49% | 14.79% | 5.27% | 6.66% | 12.60% | 2.64% | 10.09% | 2.88% | 2.33% | 1.56% | 1.39% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Dynamic Global Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $3.35 | $3.35 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.22 | $3.22 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.06 | $1.06 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.17 | $1.17 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.91 | $2.91 |
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. 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 was 58.36%, occurring on Mar 9, 2009. Recovery took 1049 trading sessions.
The current Goldman Sachs Dynamic Global Equity Fund drawdown is 0.57%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -58.36%Mar 2009 | 1y 4mo | 4y 2mo | 5y 6moNov 2007 - May 2013 |
Dot-com crash2000–2002 | -43.63%Oct 2002 | 2y 6mo | 2y 2mo | 4y 8moMar 2000 - Dec 2004 |
COVID crash2020 | -36.31%Mar 2020 | 1mo 9d | 5mo 13d | 6mo 22dFeb 2020 - Sep 2020 |
Bear market2022 | -31.13%Oct 2022 | 9mo 15d | 1y 7mo | 2y 4moDec 2021 - May 2024 |
1998 bear market1998 | -27.09%Oct 1998 | 5mo 25d | 8mo 26d | 1y 2moApr 1998 - Jul 1999 |
Drawdown Indicators
| GAPIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.36% | -56.78% | -1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.22% | -9.10% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -18.31% | -18.90% | +0.59% |
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 DrawdownCurrent decline from peak | -0.57% | -1.80% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -11.35% | -10.71% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.03% | +0.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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