- ISIN
- US38145C1339
- Issuer
- Goldman Sachs
- Inception Date
- Oct 31, 2019
- Category
- Small Cap Growth Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
GSAHX Performance Chart
Goldman Sachs Small Cap Growth Fund (GSAHX) is up 21.4% since the beginning of the year. GSAHX is currently trading at $20 per share. Investors who bought $1,000 worth of GSAHX shares 5 years ago would now be looking at an investment worth $1,458.
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Returns By Period
Goldman Sachs Small Cap Growth Fund (GSAHX) has returned 21.35% so far this year and 33.38% over the past 12 months.
Goldman Sachs Small Cap Growth Fund
- 1D
- 1.14%
- 1M
- 4.76%
- YTD
- 21.35%
- 6M
- 19.93%
- 1Y
- 33.38%
- 3Y*
- 20.58%
- 5Y*
- 7.84%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
GSAHX Monthly Returns History
Based on dividend-adjusted daily data since Oct 31, 2019, GSAHX's average daily return is +0.07%, while the average monthly return is +1.33%. At this rate, an investment would double in approximately 4.4 years.
Historically, 63% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +17.2%, while the worst month was Mar 2020 at -16.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, GSAHX closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +10.2%, while the worst single day was Mar 16, 2020 at -13.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.26% | 3.39% | -5.17% | 13.94% | 4.73% | 0.44% | 21.35% | ||||||
| 2025 | 4.98% | -6.66% | -8.45% | 1.01% | 7.36% | 3.86% | 0.26% | 5.37% | 0.91% | 1.32% | 0.71% | -0.71% | 9.13% |
| 2024 | -1.10% | 9.32% | 1.17% | -4.18% | 5.48% | 1.21% | 5.28% | 0.40% | 1.46% | -0.85% | 10.66% | -7.60% | 21.65% |
| 2023 | 10.29% | -1.61% | -1.03% | -1.13% | -0.35% | 7.60% | 2.05% | -2.33% | -6.60% | -6.44% | 8.77% | 10.15% | 18.80% |
| 2022 | -16.06% | 0.32% | 0.55% | -12.75% | -3.34% | -4.76% | 12.14% | -1.83% | -6.94% | 7.84% | 1.77% | -6.88% | -28.78% |
| 2021 | 3.97% | 2.19% | -3.00% | 3.91% | -4.13% | 5.07% | -1.15% | 3.48% | -3.42% | 5.56% | -4.45% | 0.84% | 8.38% |
Benchmark Metrics
Goldman Sachs Small Cap Growth Fund has an annualized alpha of -0.96%, beta of 1.14, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since November 01, 2019.
- This fund participated in 106.59% of S&P 500 Index downside but only 104.83% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.14 and R2 of 0.73, 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
- -0.96%
- Beta
- 1.14
- R²
- 0.73
- Upside Capture
- 104.83%
- Downside Capture
- 106.59%
Expense Ratio
GSAHX has a high expense ratio of 1.03%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GSAHX ranks 49 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs Small Cap Growth Fund (GSAHX) and compare them to S&P 500 Index.
| GSAHX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 2.93 | +0.52 |
| Martin ratioReturn relative to average drawdown | 13.19 | 13.52 | -0.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Goldman Sachs Small Cap Growth Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.59 | $1.12 | $0.02 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 10.59% | 7.28% | 0.19% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Small Cap Growth 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 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.59 | $1.59 |
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 Growth 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 Growth Fund was 41.67%, occurring on Jun 16, 2022. Recovery took 601 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -41.67%Jun 2022 | 7mo 9d | 2y 4mo | 2y 12moNov 2021 - Nov 2024 |
COVID crash2020 | -37.91%Mar 2020 | 27d | 3mo 6d | 4mo 3dFeb 2020 - Jun 2020 |
2025 selloff2025 | -27.04%Apr 2025 | 4mo 3d | 5mo 13d | 9mo 16dDec 2024 - Sep 2025 |
2021 correction2021 | -17.13%May 2021 | 2mo 25d | 5mo 25d | 8mo 20dFeb 2021 - Nov 2021 |
2026 correction2026 | -10.29%Mar 2026 | 27d | 10d | 1mo 7dMar 2026 - Apr 2026 |
Drawdown Indicators
| GSAHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.67% | -56.78% | +15.11% |
Max Drawdown (1Y)Largest decline over 1 year | -10.29% | -9.10% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -27.04% | -18.90% | -8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -41.67% | -25.43% | -16.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -14.35% | -10.72% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 1.97% | +0.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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