Goldman Sachs China Equity Fund (GSAGX)

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The chart shows the growth of an initial investment of $10,000 in Goldman Sachs China Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Goldman Sachs China Equity Fund (GSAGX) has returned -4.85% so far this year and 13.18% over the past 12 months. Over the last ten years, GSAGX has returned 4.63% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 3, 1995, GSAGX's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, your investment would double in approximately 12.1 years.

Historically, 53% of months were positive and 47% were negative. The best month was Nov 2022 with a return of +27.0%, while the worst month was Oct 2008 at -27.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.

On a daily basis, GSAGX closed higher 51% of trading days. The best single day was Mar 16, 2022 with a return of +15.1%, while the worst single day was Mar 16, 2020 at -10.6%.

Goldman Sachs China Equity Fund has an annualized alpha of -0.95%, beta of 0.64, and R² of 0.29 versus S&P 500 Index. Calculated based on daily prices since January 04, 1995.

• This fund participated in 102.10% of S&P 500 Index downside but only 77.29% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.64 may look defensive, but with R² of 0.29 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 0.29 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

GSAGX has a high expense ratio of 1.47%, indicating above-average management fees.

GSAGX ranks 24 for risk / return — below 24% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Goldman Sachs China Equity Fund (GSAGX) and compare them to a chosen benchmark (S&P 500 Index).

Goldman Sachs China Equity Fund provided a 1.41% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Goldman Sachs China Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Goldman Sachs China 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 China Equity Fund was 70.73%, occurring on Nov 20, 2008. Recovery took 2174 trading sessions.

The current Goldman Sachs China Equity Fund drawdown is 42.86%.

The chart below shows the rolling one-month volatility.