- ISIN
- US38141W6122
- CUSIP
- 38141W612
- Issuer
- Goldman Sachs
- Inception Date
- Oct 22, 1992
- Category
- Small Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GSSMX Performance Chart
Goldman Sachs Small Cap Value Fund (GSSMX) is up 20.9% since the beginning of the year. GSSMX is currently trading at $37 per share. Investors who bought $1,000 worth of GSSMX shares 5 years ago would now be looking at an investment worth $1,811.
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Returns By Period
Goldman Sachs Small Cap Value Fund (GSSMX) has returned 20.89% so far this year and 37.59% over the past 12 months. Over the last ten years, GSSMX has returned 12.17% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
Goldman Sachs Small Cap Value Fund
- 1D
- 1.11%
- 1M
- 6.38%
- YTD
- 20.89%
- 6M
- 18.73%
- 1Y
- 37.59%
- 3Y*
- 27.66%
- 5Y*
- 12.61%
- 10Y*
- 12.17%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
GSSMX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 1993, GSSMX's average daily return is +0.05%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +16.6%, while the worst month was Mar 2020 at -25.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, GSSMX closed higher 53% of trading days. The best single day was Dec 12, 2024 with a return of +52.3%, while the worst single day was Dec 13, 2024 at -18.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.35% | 3.01% | -5.03% | 9.18% | 0.63% | 5.75% | 20.89% | ||||||
| 2025 | 3.79% | -3.82% | -5.59% | -4.24% | 5.37% | 3.58% | 1.22% | 8.04% | -0.14% | -0.93% | 3.55% | 0.25% | 10.65% |
| 2024 | -4.36% | 2.41% | 4.63% | -5.03% | 4.34% | -2.19% | 10.52% | -1.35% | -0.31% | -1.47% | 10.38% | 15.85% | 36.03% |
| 2023 | 8.08% | -1.89% | -5.69% | -2.91% | -3.44% | 7.83% | 6.72% | -3.83% | -5.50% | -5.13% | 8.16% | 10.51% | 11.18% |
| 2022 | -4.89% | 1.16% | 0.56% | -6.85% | 1.63% | -10.52% | 9.07% | -3.97% | -9.63% | 12.65% | 3.89% | -6.37% | -15.00% |
| 2021 | 0.59% | 10.87% | 4.70% | 3.86% | 0.96% | -2.17% | -2.45% | 2.33% | -1.14% | 4.67% | -2.87% | 4.97% | 26.15% |
Benchmark Metrics
Goldman Sachs Small Cap Value Fund has an annualized alpha of 2.51%, beta of 0.92, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since January 04, 1993.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (92.67%) than losses (87.89%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.51% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.92 and R2 of 0.56, 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
- 2.51%
- Beta
- 0.92
- R²
- 0.56
- Upside Capture
- 92.67%
- Downside Capture
- 87.89%
Expense Ratio
GSSMX has a high expense ratio of 1.28%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GSSMX ranks 69 for risk / return — better than 69% 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 Small Cap Value Fund (GSSMX) 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.
| GSSMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.32 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 2.46 | +1.26 |
| Martin ratioReturn relative to average drawdown | 13.00 | 10.92 | +2.08 |
Dividends
Dividend History
Goldman Sachs Small Cap Value Fund provided a 18.59% dividend yield over the last twelve months, with an annual payout of $6.94 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $6.94 | $6.94 | $16.22 | $1.75 | $7.48 | $11.87 | $0.10 | $2.32 | $5.86 | $6.38 | $1.97 | $2.57 |
Dividend yield | 18.59% | 22.47% | 47.63% | 4.49% | 20.33% | 22.93% | 0.19% | 4.63% | 13.73% | 11.34% | 3.52% | 5.49% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Small Cap Value 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 | $6.94 | $6.94 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $16.22 | $16.22 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.75 | $1.75 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.48 | $7.48 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $11.87 | $11.87 |
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 Value 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 Value Fund was 54.94%, occurring on Mar 9, 2009. Recovery took 449 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -54.94%Mar 2009 | 1y 9mo | 1y 9mo | 3y 6moJun 2007 - Dec 2010 |
1998 bear market1998 | -46.89%Oct 1998 | 5mo 19d | 2y 6mo | 3y 6dApr 1998 - Apr 2001 |
COVID crash2020 | -46.16%Mar 2020 | 1y 6mo | 8mo 29d | 2y 3moAug 2018 - Dec 2020 |
2025 selloff2025 | -36.28%Apr 2025 | 3mo 26d | 1y 2mo | 1y 6moDec 2024 - Jun 2026 |
Dot-com crash2000–2002 | -29.01%Oct 2002 | 5mo 6d | 10mo 14d | 1y 3moMay 2002 - Aug 2003 |
Drawdown Indicators
| GSSMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.94% | -56.78% | +1.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -9.10% | -1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -36.28% | -18.90% | -17.38% |
Max Drawdown (5Y)Largest decline over 5 years | -36.28% | -25.43% | -10.85% |
Max Drawdown (10Y)Largest decline over 10 years | -46.16% | -33.92% | -12.24% |
Current DrawdownCurrent decline from peak | 0.00% | -3.21% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -10.01% | -10.71% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.04% | +1.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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