- CUSIP
- 38150C671
- Issuer
- Goldman Sachs
- Inception Date
- Jun 26, 2020
- Category
- Alternative Energy Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GCEBX Performance Chart
Goldman Sachs Clean Energy Income Fund Class A Shares (GCEBX) is up 21.0% since the beginning of the year. GCEBX is currently trading at $14 per share. Investors who bought $1,000 worth of GCEBX shares 5 years ago would now be looking at an investment worth $1,150.
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Returns By Period
Goldman Sachs Clean Energy Income Fund Class A Shares (GCEBX) has returned 21.00% so far this year and 44.75% over the past 12 months.
Goldman Sachs Clean Energy Income Fund Class A Shares
- 1D
- 1.42%
- 1M
- -3.97%
- YTD
- 21.00%
- 6M
- 21.00%
- 1Y
- 44.75%
- 3Y*
- 8.61%
- 5Y*
- 2.83%
- 10Y*
- —
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%
GCEBX Monthly Returns History
Based on dividend-adjusted daily data since Jun 26, 2020, GCEBX's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 62% of months were positive and 38% were negative. The best month was May 2024 with a return of +12.9%, while the worst month was Sep 2022 at -13.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, GCEBX closed higher 51% of trading days. The best single day was Nov 14, 2023 with a return of +6.1%, while the worst single day was Nov 6, 2024 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.46% | 3.80% | 0.70% | 8.13% | 2.15% | -5.12% | 21.00% | ||||||
| 2025 | -0.74% | 1.98% | 3.16% | 5.18% | 3.92% | 4.93% | 1.14% | 1.44% | 4.04% | 9.33% | 0.90% | -0.89% | 39.79% |
| 2024 | -7.94% | -5.15% | 3.78% | -2.05% | 12.89% | -7.07% | 7.21% | 2.42% | 4.62% | -9.02% | -2.93% | -9.16% | -14.20% |
| 2023 | 1.79% | -6.02% | 3.47% | -0.09% | -5.16% | 0.25% | -0.28% | -8.56% | -12.07% | -5.15% | 10.21% | 7.90% | -14.97% |
| 2022 | -7.35% | 4.05% | 5.91% | -9.33% | 3.57% | -6.03% | 9.33% | -1.22% | -13.11% | 2.31% | 6.31% | -3.61% | -11.37% |
| 2021 | 3.57% | -8.81% | 1.02% | -1.01% | -2.11% | 1.30% | 1.99% | 1.81% | -5.39% | 9.98% | -4.59% | 0.61% | -2.89% |
Benchmark Metrics
Goldman Sachs Clean Energy Income Fund Class A Shares has an annualized alpha of -1.33%, beta of 0.65, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since June 26, 2020.
- This fund participated in 92.40% of S&P 500 Index downside but only 66.04% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.65 may look defensive, but with R2 of 0.32 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.32 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.33%
- Beta
- 0.65
- R²
- 0.32
- Upside Capture
- 66.04%
- Downside Capture
- 92.40%
Expense Ratio
GCEBX has a high expense ratio of 1.26%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GCEBX ranks 84 for risk / return — in the top 84% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs Clean Energy Income Fund Class A Shares (GCEBX) 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.
| GCEBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.79 | 2.78 | +3.01 |
| Martin ratioReturn relative to average drawdown | 17.07 | 12.44 | +4.63 |
Dividends
Dividend History
Goldman Sachs Clean Energy Income Fund Class A Shares provided a 1.16% dividend yield over the last twelve months, with an annual payout of $0.16 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.16 | $0.16 | $0.21 | $0.29 | $0.07 | $0.81 | $0.11 |
Dividend yield | 1.16% | 1.41% | 2.61% | 2.98% | 0.56% | 6.08% | 0.74% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Clean Energy Income Fund Class A Shares. 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 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.16 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.21 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.29 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.07 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.68 | $0.81 |
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 Clean Energy Income Fund Class A Shares. 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 Clean Energy Income Fund Class A Shares was 45.74%, occurring on Oct 5, 2023. Recovery took 659 trading sessions.
The current Goldman Sachs Clean Energy Income Fund Class A Shares drawdown is 5.51%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -45.74%Oct 2023 | 2y 8mo | 2y 7mo | 5y 4moJan 2021 - May 2026 |
2026 pullback2026 | -7.75%Jun 2026 | 7d | — | 20d 7hJun 2026 - now |
2020 pullback2020 | -5.07%Oct 2020 | 9d | 8d | 17dOct 2020 - Nov 2020 |
2020 pullback2020 | -4.40%Sep 2020 | 5d | 21d | 26dSep 2020 - Sep 2020 |
2020 pullback2020 | -2.62%Nov 2020 | 7d | 6d | 13dNov 2020 - Nov 2020 |
Drawdown Indicators
| GCEBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.74% | -56.78% | +11.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.75% | -9.10% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -27.96% | -18.90% | -9.06% |
Max Drawdown (5Y)Largest decline over 5 years | -41.51% | -25.43% | -16.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.51% | -1.80% | -3.71% |
Average DrawdownAverage peak-to-trough decline | -22.54% | -10.71% | -11.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.03% | +0.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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