- ISIN
- US38147X8386
- Issuer
- Goldman Sachs
- Inception Date
- Jul 30, 2014
- Category
- Tactical Allocation
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
TTIFX Performance Chart
Goldman Sachs TacticalTiltOverlayFund (TTIFX) is up 0.6% since the beginning of the year. TTIFX is currently trading at $11 per share. Investors who bought $1,000 worth of TTIFX shares 5 years ago would now be looking at an investment worth $1,133.
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Returns By Period
Goldman Sachs TacticalTiltOverlayFund (TTIFX) has returned 0.56% so far this year and 4.66% over the past 12 months.
Goldman Sachs TacticalTiltOverlayFund
- 1D
- 0.09%
- 1M
- 0.19%
- YTD
- 0.56%
- 6M
- 0.75%
- 1Y
- 4.66%
- 3Y*
- 2.92%
- 5Y*
- 2.53%
- 10Y*
- —
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%
TTIFX Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 2017, TTIFX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +7.5%, while the worst month was Dec 2024 at -5.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TTIFX closed higher 43% of trading days. The best single day was Dec 22, 2023 with a return of +5.9%, while the worst single day was Dec 26, 2023 at -5.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.74% | 0.92% | -1.47% | 0.28% | 0.28% | -0.18% | 0.56% | ||||||
| 2025 | 1.64% | -0.85% | 0.77% | 0.95% | -0.38% | 1.23% | -0.56% | 1.31% | 0.46% | 0.92% | 0.91% | 0.22% | 6.79% |
| 2024 | 0.28% | -0.84% | 0.57% | -1.03% | 0.66% | 0.38% | 1.69% | 1.01% | 0.82% | -1.18% | 0.46% | -5.56% | -2.91% |
| 2023 | 1.42% | -0.84% | 1.31% | 0.37% | -0.65% | -0.46% | 0.56% | 0.28% | -0.28% | -0.19% | 2.23% | 2.18% | 6.04% |
| 2022 | 0.76% | -0.47% | 0.19% | -1.32% | 1.24% | -2.54% | 2.22% | -0.85% | -2.38% | 2.24% | 1.81% | 0.18% | 0.93% |
| 2021 | 0.50% | 2.79% | 1.36% | 0.96% | 1.14% | 0.19% | -0.37% | 0.09% | 0.75% | 0.56% | -1.30% | 1.35% | 8.25% |
Benchmark Metrics
Goldman Sachs TacticalTiltOverlayFund has an annualized alpha of 0.69%, beta of 0.16, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since February 01, 2017.
- This fund participated in 26.60% of S&P 500 Index downside but only 18.77% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.16 may look defensive, but with R2 of 0.26 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 0.26 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
- 0.69%
- Beta
- 0.16
- R²
- 0.26
- Upside Capture
- 18.77%
- Downside Capture
- 26.60%
Expense Ratio
TTIFX has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TTIFX ranks 44 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 TacticalTiltOverlayFund (TTIFX) 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.
| TTIFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.78 | -0.44 |
| Martin ratioReturn relative to average drawdown | 6.65 | 12.44 | -5.79 |
Dividends
Dividend History
Goldman Sachs TacticalTiltOverlayFund provided a 2.99% dividend yield over the last twelve months, with an annual payout of $0.32 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.32 | $0.00 | $0.57 | $0.09 | $0.21 | $0.47 | $0.11 | $0.00 | $0.09 |
Dividend yield | 2.99% | 3.01% | 0.00% | 5.33% | 0.84% | 2.02% | 4.71% | 1.09% | 0.00% | 0.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs TacticalTiltOverlayFund. 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 | $0.32 | $0.32 |
| 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 | $0.57 | $0.57 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
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 TacticalTiltOverlayFund. 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 TacticalTiltOverlayFund was 13.21%, occurring on Mar 18, 2020. Recovery took 29 trading sessions.
The current Goldman Sachs TacticalTiltOverlayFund drawdown is 1.37%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -13.21%Mar 2020 | 11mo | 1mo 12d | 1y 7dApr 2019 - Apr 2020 |
2025 selloff2025 | -9.04%Apr 2025 | 1y 3mo | — | 2y 6moDec 2023 - now |
Bear market2022 | -5.37%Sep 2022 | 9mo | 3mo 17d | 1y 12dDec 2021 - Jan 2023 |
Rate-hike selloffLate 2018 | -5.12%Dec 2018 | 10mo 29d | 1mo 23d | 1y 17dJan 2018 - Feb 2019 |
2020 pullback2020 | -4.97%Oct 2020 | 4mo 21d | 27d | 5mo 18dJun 2020 - Nov 2020 |
Drawdown Indicators
| TTIFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.21% | -56.78% | +43.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -9.10% | +6.99% |
Max Drawdown (3Y)Largest decline over 3 years | -9.04% | -18.90% | +9.86% |
Max Drawdown (5Y)Largest decline over 5 years | -9.04% | -25.43% | +16.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.37% | -1.80% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -10.71% | +8.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 2.03% | -1.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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