Goldman Sachs Short-Term Conservative Income Fund (GPPIX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GPPIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GPPIX
GPPIX charges 0.24% annually. There are 10 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | GPPIX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | GPPIX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | GPPIX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | GPPIX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | GPPIX vs DFYGX |
Best Risk-Adjusted Alternatives to GPPIX
GPPIX has a PortfoliosLab risk / return rank of 99. There are 17 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | GPPIX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | GPPIX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | GPPIX vs BUBSX | |
| DFA One Year Fixed Income Portfolio | 100 | — | Jul 1983 | GPPIX vs DFIHX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | GPPIX vs PAIPX |
Top Performing GPPIX Alternatives (YTD)
GPPIX is at 1.90% YTD. There are 10 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.62% | — | Dec 2010 | GPPIX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | GPPIX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 2.23% | — | May 2012 | GPPIX vs PAIPX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 2.12% | — | Dec 2012 | GPPIX vs TRBUX | |
| SEI Institutional Investments Trust Opportunistic ... | 2.01% | — | Dec 2006 | GPPIX vs ENIAX |
Lowest Volatility Alternatives to GPPIX
GPPIX has 1.28% 1-year volatility. There are 29 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | GPPIX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | GPPIX vs NUSIX | |
| DFA One Year Fixed Income Portfolio | 0.64% | — | Jul 1983 | GPPIX vs DFIHX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | GPPIX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.66% | — | Sep 1987 | GPPIX vs PRTBX |
Lowest Drawdown Alternatives to GPPIX
GPPIX has a 1-year max drawdown of -0.30%. There are 20 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | GPPIX vs FHQFX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | GPPIX vs BUBSX | |
| DFA One Year Fixed Income Portfolio | -0.10% | — | Jul 1983 | GPPIX vs DFIHX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | GPPIX vs MUIIX | |
| PIMCO Short Asset Investment Fund | -0.10% | — | May 2012 | GPPIX vs PAIPX |
Other Mutual Funds from Goldman Sachs
The 10 most viewed Goldman Sachs mutual funds shown here include GSIMX, GSINX, GCIIX and span 7 categories.
Often Compared With GPPIX
Investors most often compare GPPIX with TSDOX, MYFRX, GSRAX. These 11 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare GPPIX with Any Fund or Stock
Compare GPPIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GPPIX with funds that move differently
Goldman Sachs Short-Term Conservative Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GPPIX.
Explore GPPIX Diversifiers