- ISIN
- US38142V8037
- Issuer
- Goldman Sachs
- Inception Date
- Aug 15, 1997
- Category
- Small Cap Blend Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GCSIX Performance Chart
Goldman Sachs Small Cap Equity Insights Fund (GCSIX) is up 24.2% since the beginning of the year. GCSIX is currently trading at $36 per share. Investors who bought $1,000 worth of GCSIX shares 5 years ago would now be looking at an investment worth $1,861.
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Returns By Period
Goldman Sachs Small Cap Equity Insights Fund (GCSIX) has returned 24.19% so far this year and 48.35% over the past 12 months. Over the last decade, GCSIX has posted an annualized return of 14.22%, slightly higher than the S&P 500 Index benchmark’s 13.71%.
Goldman Sachs Small Cap Equity Insights Fund
- 1D
- 0.81%
- 1M
- 5.76%
- YTD
- 24.19%
- 6M
- 21.40%
- 1Y
- 48.35%
- 3Y*
- 29.17%
- 5Y*
- 13.23%
- 10Y*
- 14.22%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
GCSIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1998, GCSIX's average daily return is +0.05%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 60% of months were positive and 40% were negative. The best month was Oct 2011 with a return of +16.6%, while the worst month was Mar 2020 at -22.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GCSIX closed higher 52% of trading days. The best single day was Dec 12, 2024 with a return of +10.5%, while the worst single day was Mar 16, 2020 at -15.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.56% | 3.02% | -5.87% | 12.67% | 3.51% | 4.02% | 24.19% | ||||||
| 2025 | 3.42% | -5.99% | -7.26% | -2.16% | 6.41% | 5.29% | 1.35% | 8.59% | 3.14% | 0.80% | 2.48% | -0.21% | 15.66% |
| 2024 | -1.87% | 8.24% | 2.23% | -6.07% | 5.76% | -0.71% | 11.18% | -0.74% | 0.32% | -1.77% | 10.74% | 3.51% | 33.50% |
| 2023 | 9.74% | -1.24% | -4.06% | -1.35% | -0.53% | 8.44% | 5.65% | -4.46% | -5.03% | -6.41% | 8.53% | 11.15% | 19.76% |
| 2022 | -8.09% | 0.16% | 0.43% | -9.10% | 1.20% | -9.00% | 9.80% | -3.38% | -9.46% | 11.65% | 2.43% | -5.87% | -19.98% |
| 2021 | 3.47% | 7.00% | 3.38% | 3.47% | 2.02% | 1.31% | -3.63% | 3.57% | -2.81% | 4.71% | -3.63% | 3.14% | 23.56% |
Benchmark Metrics
Goldman Sachs Small Cap Equity Insights Fund has an annualized alpha of 1.55%, beta of 1.09, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since January 02, 1998.
- This fund captured 117.02% of S&P 500 Index gains and 109.22% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.09 and R2 of 0.76, 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
- 1.55%
- Beta
- 1.09
- R²
- 0.76
- Upside Capture
- 117.02%
- Downside Capture
- 109.22%
Expense Ratio
GCSIX has an expense ratio of 0.84%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GCSIX ranks 82 for risk / return — in the top 82% 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 Small Cap Equity Insights Fund (GCSIX) 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.
| GCSIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.32 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.02 | 2.46 | +2.56 |
| Martin ratioReturn relative to average drawdown | 18.06 | 10.92 | +7.14 |
Dividends
Dividend History
Goldman Sachs Small Cap Equity Insights Fund provided a 8.48% dividend yield over the last twelve months, with an annual payout of $3.07 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.07 | $3.07 | $6.95 | $0.20 | $0.19 | $8.60 | $0.15 | $0.15 | $1.45 | $0.07 | $0.14 | $0.11 |
Dividend yield | 8.48% | 10.54% | 25.02% | 0.75% | 0.87% | 30.90% | 0.50% | 0.54% | 6.50% | 0.27% | 0.60% | 0.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Small Cap Equity Insights 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 | $3.07 | $3.07 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.95 | $6.95 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.60 | $8.60 |
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 Small Cap Equity Insights 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 Small Cap Equity Insights Fund was 63.23%, occurring on Mar 9, 2009. Recovery took 588 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -63.23%Mar 2009 | 2y 15d | 2y 4mo | 4y 4moFeb 2007 - Jul 2011 |
COVID crash2020 | -45.08%Mar 2020 | 1y 6mo | 8mo 21d | 2y 3moSep 2018 - Dec 2020 |
1998 bear market1998 | -40.00%Oct 1998 | 5mo 18d | 1y 4mo | 1y 9moApr 1998 - Feb 2000 |
Dot-com crash2000–2002 | -35.95%Oct 2002 | 2y 7mo | 11mo 14d | 3y 6moMar 2000 - Sep 2003 |
Bear market2022 | -30.97%Sep 2022 | 10mo 21d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 |
Drawdown Indicators
| GCSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.23% | -56.78% | -6.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -9.10% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -25.19% | -18.90% | -6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -30.97% | -25.43% | -5.54% |
Max Drawdown (10Y)Largest decline over 10 years | -45.08% | -33.92% | -11.16% |
Current DrawdownCurrent decline from peak | 0.00% | -3.21% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -10.71% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.04% | +0.74% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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