- Issuer
- Goldman Sachs
- Inception Date
- Aug 31, 2010
- Category
- Dividend
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GSPAX Performance Chart
Goldman Sachs U.S. Equity Dividend and Premium Fund Class A (GSPAX) is up 10.0% since the beginning of the year. GSPAX is currently trading at $20 per share. Investors who bought $1,000 worth of GSPAX shares 5 years ago would now be looking at an investment worth $1,832.
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Returns By Period
Goldman Sachs U.S. Equity Dividend and Premium Fund Class A (GSPAX) has returned 10.00% so far this year and 23.95% over the past 12 months. Over the last ten years, GSPAX has returned 12.72% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Goldman Sachs U.S. Equity Dividend and Premium Fund Class A
- 1D
- 0.96%
- 1M
- 1.11%
- YTD
- 10.00%
- 6M
- 9.76%
- 1Y
- 23.95%
- 3Y*
- 19.55%
- 5Y*
- 12.87%
- 10Y*
- 12.72%
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%
GSPAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2006, GSPAX's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +12.0%, while the worst month was Oct 2008 at -15.5%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GSPAX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +11.5%, while the worst single day was Mar 16, 2020 at -11.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.48% | -0.59% | -4.20% | 9.16% | 4.38% | -0.10% | 10.00% | ||||||
| 2025 | 2.17% | -0.86% | -5.26% | -1.47% | 5.45% | 3.77% | 1.82% | 1.73% | 2.54% | 1.93% | 0.74% | 0.39% | 13.27% |
| 2024 | 1.34% | 3.70% | 2.18% | -3.00% | 4.51% | 2.85% | 1.44% | 2.13% | 1.99% | 0.06% | 4.05% | 4.83% | 29.10% |
| 2023 | 5.72% | -2.02% | 3.18% | 1.43% | 0.78% | 4.65% | 2.62% | -0.98% | -4.47% | -1.87% | 7.84% | 3.11% | 21.09% |
| 2022 | -3.47% | -2.71% | 3.75% | -8.21% | 0.75% | -7.79% | 7.64% | -3.55% | -8.99% | 7.31% | 5.14% | -4.45% | -15.36% |
| 2021 | -0.21% | 2.05% | 4.09% | 3.73% | 0.71% | 1.76% | 1.44% | 2.29% | -3.62% | 5.42% | -0.60% | 3.65% | 22.39% |
Benchmark Metrics
Goldman Sachs U.S. Equity Dividend and Premium Fund Class A has an annualized alpha of 0.92%, beta of 0.91, and R2 of 0.95 versus S&P 500 Index. Calculated based on daily prices since January 03, 2006.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (85.33%) than losses (83.23%) - typical of diversified or defensive assets.
- With beta of 0.91 and R2 of 0.95, 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
- 0.92%
- Beta
- 0.91
- R²
- 0.95
- Upside Capture
- 85.33%
- Downside Capture
- 83.23%
Expense Ratio
GSPAX has a high expense ratio of 1.01%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GSPAX ranks 75 for risk / return — better than 75% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs U.S. Equity Dividend and Premium Fund Class A (GSPAX) 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.
| GSPAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 2.78 | +0.23 |
| Martin ratioReturn relative to average drawdown | 14.95 | 12.44 | +2.51 |
Dividends
Dividend History
Goldman Sachs U.S. Equity Dividend and Premium Fund Class A provided a 5.70% dividend yield over the last twelve months, with an annual payout of $1.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.14 | $1.10 | $2.12 | $0.92 | $0.80 | $0.93 | $0.97 | $0.87 | $0.86 | $0.75 | $0.64 | $0.66 |
Dividend yield | 5.70% | 6.05% | 12.41% | 6.14% | 6.12% | 5.67% | 6.81% | 6.47% | 7.50% | 5.73% | 5.25% | 5.86% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs U.S. Equity Dividend and Premium Fund Class A. 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 | $0.04 | $0.00 | $0.00 | $0.00 | $0.04 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $1.02 | $1.10 |
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $1.99 | $2.12 |
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.78 | $0.92 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.80 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.81 | $0.93 |
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 U.S. Equity Dividend and Premium Fund Class A. 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 U.S. Equity Dividend and Premium Fund Class A was 52.07%, occurring on Mar 9, 2009. Recovery took 734 trading sessions.
The current Goldman Sachs U.S. Equity Dividend and Premium Fund Class A drawdown is 0.35%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -52.07%Mar 2009 | 1y 5mo | 2y 11mo | 4y 3moOct 2007 - Feb 2012 |
COVID crash2020 | -32.71%Mar 2020 | 1mo 9d | 5mo 1d | 6mo 10dFeb 2020 - Aug 2020 |
Bear market2022 | -22.39%Oct 2022 | 9mo 11d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -20.51%Apr 2025 | 3mo 26d | 4mo 7d | 8mo 3dDec 2024 - Aug 2025 |
Rate-hike selloffLate 2018 | -17.85%Dec 2018 | 3mo 1d | 4mo | 7mo 1dSep 2018 - Apr 2019 |
Drawdown Indicators
| GSPAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -56.78% | +4.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.92% | -9.10% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -20.51% | -18.90% | -1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -22.39% | -25.43% | +3.04% |
Max Drawdown (10Y)Largest decline over 10 years | -32.71% | -33.92% | +1.21% |
Current DrawdownCurrent decline from peak | -0.35% | -1.80% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -10.71% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.03% | -0.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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