- ISIN
- US38143H7465
- Issuer
- Goldman Sachs
- Inception Date
- Jun 30, 2005
- Category
- Mid Cap Growth Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
GSMYX Performance Chart
Goldman Sachs Small/Mid Cap Growth Fund (GSMYX) is up 21.3% since the beginning of the year. GSMYX is currently trading at $26 per share. Investors who bought $1,000 worth of GSMYX shares 5 years ago would now be looking at an investment worth $1,176.
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Returns By Period
Goldman Sachs Small/Mid Cap Growth Fund (GSMYX) has returned 21.31% so far this year and 33.42% over the past 12 months. Over the last ten years, GSMYX has returned 12.23% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Goldman Sachs Small/Mid Cap Growth Fund
- 1D
- 2.64%
- 1M
- 5.89%
- YTD
- 21.31%
- 6M
- 17.95%
- 1Y
- 33.42%
- 3Y*
- 13.59%
- 5Y*
- 3.30%
- 10Y*
- 12.23%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GSMYX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2006, GSMYX's average daily return is +0.05%, while the average monthly return is +1.03%. At this rate, an investment would double in approximately 5.6 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +16.2%, while the worst month was Oct 2008 at -21.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GSMYX closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +10.9%, while the worst single day was Mar 16, 2020 at -13.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.03% | 3.83% | -7.04% | 11.73% | 4.92% | 4.06% | 21.31% | ||||||
| 2025 | 4.84% | -8.45% | -10.33% | 1.65% | 4.79% | 4.43% | 0.85% | 2.32% | -0.33% | 2.02% | 2.63% | -0.91% | 2.15% |
| 2024 | -0.09% | 10.68% | 2.97% | -6.29% | 2.39% | -1.29% | 2.37% | 1.12% | 2.53% | -2.23% | 9.33% | -7.74% | 12.88% |
| 2023 | 7.24% | -1.17% | 0.84% | -2.10% | -1.49% | 7.99% | 1.92% | -4.09% | -5.89% | -7.23% | 9.76% | 9.60% | 14.28% |
| 2022 | -16.41% | -0.76% | 1.03% | -10.81% | -4.59% | -6.64% | 12.65% | -2.19% | -7.52% | 7.91% | 3.46% | -5.56% | -28.45% |
| 2021 | 0.91% | 3.49% | -3.07% | 5.56% | -3.49% | 5.05% | 0.10% | 3.60% | -3.44% | 5.84% | -5.73% | -0.28% | 7.93% |
Benchmark Metrics
Goldman Sachs Small/Mid Cap Growth Fund has an annualized alpha of 1.78%, beta of 1.07, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since January 03, 2006.
- This fund captured 112.53% of S&P 500 Index gains and 103.89% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.07 and R2 of 0.82, 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
- 1.78%
- Beta
- 1.07
- R²
- 0.82
- Upside Capture
- 112.53%
- Downside Capture
- 103.89%
Expense Ratio
GSMYX has an expense ratio of 0.89%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GSMYX ranks 42 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/Mid Cap Growth Fund (GSMYX) 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.
| GSMYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.78 | -0.14 |
| Martin ratioReturn relative to average drawdown | 11.01 | 12.44 | -1.42 |
Dividends
Dividend History
Goldman Sachs Small/Mid Cap Growth Fund provided a 12.99% dividend yield over the last twelve months, with an annual payout of $3.43 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.43 | $3.43 | $0.16 | $0.00 | $0.00 | $3.77 | $3.84 | $3.02 | $3.65 | $2.88 | $0.69 | $0.73 |
Dividend yield | 12.99% | 15.76% | 0.67% | 0.00% | 0.00% | 14.07% | 13.51% | 14.27% | 20.82% | 12.92% | 3.50% | 3.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Small/Mid 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 | $3.43 | $3.43 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 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 | $3.77 | $3.77 |
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/Mid 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/Mid Cap Growth Fund was 55.00%, occurring on Nov 20, 2008. Recovery took 349 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.00%Nov 2008 | 1y 1mo | 1y 4mo | 2y 6moOct 2007 - Apr 2010 |
Bear market2022 | -42.51%Jun 2022 | 7mo 9d | 3y 11mo | 4y 6moNov 2021 - May 2026 |
COVID crash2020 | -33.94%Mar 2020 | 26d | 2mo 16d | 3mo 12dFeb 2020 - Jun 2020 |
2016 bear market2016 | -27.92%Feb 2016 | 7mo 22d | 1y 2mo | 1y 10moJun 2015 - Apr 2017 |
2011 bear market2011 | -26.61%Oct 2011 | 5mo 8d | 4mo 16d | 9mo 24dApr 2011 - Feb 2012 |
Drawdown Indicators
| GSMYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.00% | -56.78% | +1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -9.10% | -3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -29.90% | -18.90% | -11.00% |
Max Drawdown (5Y)Largest decline over 5 years | -42.51% | -25.43% | -17.08% |
Max Drawdown (10Y)Largest decline over 10 years | -42.51% | -33.92% | -8.59% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -10.87% | -10.71% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.03% | +0.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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