- ISIN
- US38145C6387
- Issuer
- Goldman Sachs
- Inception Date
- Jun 29, 2010
- Category
- Nontraditional Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
GZIRX Performance Chart
Goldman Sachs Strategic Income Fund (GZIRX) is up 1.6% since the beginning of the year. GZIRX is currently trading at $10 per share. Investors who bought $1,000 worth of GZIRX shares 5 years ago would now be looking at an investment worth $1,238.
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Returns By Period
Goldman Sachs Strategic Income Fund (GZIRX) has returned 1.64% so far this year and 6.51% over the past 12 months. Over the last ten years, GZIRX has returned 3.58% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Goldman Sachs Strategic Income Fund
- 1D
- 0.42%
- 1M
- -0.31%
- 6M
- 1.64%
- YTD
- 1.64%
- 1Y
- 6.51%
- 3Y*
- 7.42%
- 5Y*
- 4.36%
- 10Y*
- 3.58%
- ALL TIME*
- 3.21%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
GZIRX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2011, GZIRX's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +4.6%, while the worst month was Mar 2020 at -7.9%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.
On a daily basis, GZIRX closed higher 40% of trading days. The best single day was Oct 19, 2023 with a return of +1.9%, while the worst single day was Mar 18, 2020 at -3.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.00% | 0.17% | -1.47% | 1.27% | 1.04% | 0.86% | -0.20% | 1.64% | |||||
| 2025 | 1.50% | 0.11% | -0.95% | 0.13% | 0.87% | 1.29% | 0.65% | 1.40% | 0.29% | 1.18% | 0.78% | 0.96% | 8.49% |
| 2024 | 0.21% | -0.24% | 0.94% | -0.38% | 1.09% | 0.80% | 2.28% | 0.41% | 0.97% | -1.35% | 1.52% | -0.24% | 6.13% |
| 2023 | 2.62% | -0.42% | 0.92% | -0.22% | 0.25% | -0.27% | 1.28% | 0.80% | -0.25% | 1.45% | 1.27% | 2.55% | 10.37% |
| 2022 | -0.09% | -1.77% | -0.27% | -1.06% | -0.49% | -2.68% | 1.83% | -0.44% | -1.56% | 0.50% | 2.33% | -0.10% | -3.83% |
| 2021 | -0.03% | -2.17% | -0.27% | 0.90% | 0.26% | 0.11% | 0.14% | 0.67% | 0.20% | -2.20% | -0.28% | 1.28% | -1.44% |
Benchmark Metrics
Goldman Sachs Strategic Income Fund has an annualized alpha of 2.20%, beta of 0.08, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since January 03, 2011.
- This fund participated in 18.30% of S&P 500 Index downside but only 17.93% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.08 may look defensive, but with R2 of 0.16 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 0.16 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.
- Alpha
- 2.20%
- Beta
- 0.08
- R²
- 0.16
- Upside Capture
- 17.93%
- Downside Capture
- 18.30%
Expense Ratio
GZIRX has an expense ratio of 0.78%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GZIRX ranks 85 for risk / return — above 85% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Goldman Sachs Strategic Income Fund (GZIRX) 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.
| GZIRX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.25 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 2.00 | +0.42 |
| Martin ratioReturn relative to average drawdown | 11.00 | 8.49 | +2.50 |
Dividends
Dividend History
Goldman Sachs Strategic Income Fund provided a 5.41% dividend yield over the last twelve months, with an annual payout of $0.52 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.39 | $0.62 | $0.32 | $0.21 | $0.22 | $0.37 | $0.31 | $0.24 | $0.13 | $0.21 | $0.44 |
Dividend yield | 5.41% | 4.06% | 6.61% | 3.36% | 2.38% | 2.34% | 3.76% | 3.38% | 2.66% | 1.33% | 2.18% | 4.59% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Strategic Income 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 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.11 | $0.05 | $0.34 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.11 | $0.04 | $0.02 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.03 | $0.05 | $0.16 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.62 |
| 2023 | $0.04 | $0.03 | $0.03 | $0.00 | $0.03 | $0.04 | $0.02 | $0.03 | $0.03 | $0.00 | $0.04 | $0.02 | $0.32 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.01 | $0.03 | $0.00 | $0.00 | $0.03 | $0.01 | $0.02 | $0.03 | $0.03 | $0.21 |
| 2021 | $0.03 | $0.03 | $0.04 | $0.03 | $0.01 | $0.00 | $0.01 | $0.01 | $0.03 | $0.00 | $0.01 | $0.02 | $0.22 |
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 Strategic Income 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 Strategic Income Fund was 13.90%, occurring on Mar 23, 2020. Recovery took 52 trading sessions.
The current Goldman Sachs Strategic Income Fund drawdown is 0.31%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-13.90%Mar 2020 | 1mo 4d | 2mo 14d | 3mo 18dFeb 2020 - Jun 2020 | COVID crash2020 |
-8.69%Oct 2022 | 1y 8mo | 1y 7d | 2y 8moFeb 2021 - Oct 2023 | Bear market2022 |
-7.72%Feb 2016 | 1y 4mo | 1y 19d | 2y 5moSep 2014 - Mar 2017 | — |
-5.32%Oct 2011 | 7mo 18d | 5mo 12d | 1y 25dFeb 2011 - Mar 2012 | — |
-4.62%Dec 2018 | 10mo 22d | 3mo 18d | 1y 2moFeb 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| GZIRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.90% | -56.78% | +42.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -9.10% | +6.38% |
Max Drawdown (3Y)Largest decline over 3 years | -3.15% | -18.90% | +15.75% |
Max Drawdown (5Y)Largest decline over 5 years | -7.86% | -25.43% | +17.57% |
Max Drawdown (10Y)Largest decline over 10 years | -13.90% | -33.92% | +20.02% |
Current DrawdownCurrent decline from peak | -0.31% | -1.58% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -10.70% | +8.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 2.14% | -1.55% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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