ASBAX vs. GSSRX
Compare and contrast key facts about American Funds Short-Term Bond Fund of America (ASBAX) and Goldman Sachs Short Duration Bond Fund (GSSRX).
ASBAX is managed by American Funds. It was launched on Oct 2, 2006. GSSRX is managed by Goldman Sachs. It was launched on Feb 29, 2012.
Performance
ASBAX vs. GSSRX - Performance Comparison
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ASBAX vs. GSSRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | -0.26% | 5.05% | 4.31% | 3.60% | -4.16% | -0.88% | 3.53% | 2.81% | 1.10% | 0.91% |
GSSRX Goldman Sachs Short Duration Bond Fund | -0.81% | 6.57% | 4.53% | 5.28% | -6.06% | -0.86% | 5.85% | 6.79% | -0.02% | 1.61% |
Returns By Period
In the year-to-date period, ASBAX achieves a -0.26% return, which is significantly higher than GSSRX's -0.81% return. Over the past 10 years, ASBAX has underperformed GSSRX with an annualized return of 1.57%, while GSSRX has yielded a comparatively higher 2.34% annualized return.
ASBAX
- 1D
- 0.10%
- 1M
- -0.93%
- YTD
- -0.26%
- 6M
- 0.79%
- 1Y
- 3.11%
- 3Y*
- 3.72%
- 5Y*
- 1.51%
- 10Y*
- 1.57%
GSSRX
- 1D
- 0.10%
- 1M
- -1.42%
- YTD
- -0.81%
- 6M
- 0.67%
- 1Y
- 3.89%
- 3Y*
- 4.51%
- 5Y*
- 1.88%
- 10Y*
- 2.34%
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ASBAX vs. GSSRX - Expense Ratio Comparison
ASBAX has a 0.66% expense ratio, which is higher than GSSRX's 0.48% expense ratio.
Return for Risk
ASBAX vs. GSSRX — Risk / Return Rank
ASBAX
GSSRX
ASBAX vs. GSSRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Short-Term Bond Fund of America (ASBAX) and Goldman Sachs Short Duration Bond Fund (GSSRX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ASBAX | GSSRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 2.00 | -0.18 |
Sortino ratioReturn per unit of downside risk | 3.19 | 3.42 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.46 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.69 | +0.26 |
Martin ratioReturn relative to average drawdown | 11.57 | 11.87 | -0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ASBAX | GSSRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 2.00 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.80 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.98 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.94 | +0.02 |
Correlation
The correlation between ASBAX and GSSRX is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ASBAX vs. GSSRX - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 3.50%, less than GSSRX's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 3.50% | 3.87% | 3.99% | 2.88% | 1.02% | 0.42% | 2.08% | 1.66% | 1.70% | 1.21% | 0.83% | 1.21% |
GSSRX Goldman Sachs Short Duration Bond Fund | 3.95% | 4.18% | 3.58% | 2.36% | 1.59% | 1.40% | 2.20% | 2.87% | 2.56% | 2.21% | 2.04% | 2.15% |
Drawdowns
ASBAX vs. GSSRX - Drawdown Comparison
The maximum ASBAX drawdown since its inception was -6.29%, smaller than the maximum GSSRX drawdown of -9.03%. Use the drawdown chart below to compare losses from any high point for ASBAX and GSSRX.
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Drawdown Indicators
| ASBAX | GSSRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.29% | -9.03% | +2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -1.62% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -6.23% | -8.88% | +2.65% |
Max Drawdown (10Y)Largest decline over 10 years | -6.29% | -9.03% | +2.74% |
Current DrawdownCurrent decline from peak | -0.93% | -1.42% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -1.27% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 0.37% | -0.05% |
Volatility
ASBAX vs. GSSRX - Volatility Comparison
The current volatility for American Funds Short-Term Bond Fund of America (ASBAX) is 0.60%, while Goldman Sachs Short Duration Bond Fund (GSSRX) has a volatility of 0.84%. This indicates that ASBAX experiences smaller price fluctuations and is considered to be less risky than GSSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASBAX | GSSRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.84% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 1.22% | 1.49% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.93% | 2.15% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.20% | 2.38% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.81% | 2.39% | -0.58% |