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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Goldman Sachs Clean Energy Income Fund Class A Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Goldman Sachs Clean Energy Income Fund Class A Shares (GCEBX) has returned 12.06% so far this year and 50.01% over the past 12 months.
Goldman Sachs Clean Energy Income Fund Class A Shares
- 1D
- 0.72%
- 1M
- -2.26%
- YTD
- 12.06%
- 6M
- 22.53%
- 1Y
- 50.01%
- 3Y*
- 4.91%
- 5Y*
- 0.62%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jun 26, 2020, GCEBX's average daily return is +0.03%, while the average monthly return is +0.71%. At this rate, your investment would double in approximately 8.2 years.
Historically, 60% of months were positive and 40% 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% | -2.26% | 12.06% | |||||||||
| 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 -1.05%, beta of 0.65, and R² of 0.32 versus S&P 500 Index. Calculated based on daily prices since June 29, 2020.
- This fund participated in 89.15% of S&P 500 Index downside but only 65.49% 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
- -1.05%
- Beta
- 0.65
- R²
- 0.32
- Upside Capture
- 65.49%
- Downside Capture
- 89.15%
Expense Ratio
GCEBX has a high expense ratio of 1.26%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GCEBX ranks 97 for risk / return — in the top 97% 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 a chosen benchmark (S&P 500 Index).
| GCEBX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.82 | 0.90 | +1.93 |
Sortino ratioReturn per unit of downside risk | 3.44 | 1.39 | +2.05 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.21 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 5.82 | 1.40 | +4.42 |
Martin ratioReturn relative to average drawdown | 19.80 | 6.61 | +13.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore GCEBX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Goldman Sachs Clean Energy Income Fund Class A Shares provided a 1.26% 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 | 1.26% | 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 | |||||||||
| 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. The portfolio has not yet recovered.
The current Goldman Sachs Clean Energy Income Fund Class A Shares drawdown is 11.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -45.74% | Jan 11, 2021 | 689 | Oct 5, 2023 | — | — | — |
| -5.07% | Oct 19, 2020 | 8 | Oct 28, 2020 | 6 | Nov 5, 2020 | 14 |
| -4.4% | Sep 3, 2020 | 3 | Sep 8, 2020 | 15 | Sep 29, 2020 | 18 |
| -2.62% | Nov 12, 2020 | 6 | Nov 19, 2020 | 4 | Nov 25, 2020 | 10 |
| -2.12% | Nov 30, 2020 | 8 | Dec 9, 2020 | 4 | Dec 15, 2020 | 12 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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