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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASBAX or GSSRX.
Key characteristics
| ASBAX | GSSRX | |
|---|---|---|
| YTD Return | 0.56% | 0.59% |
| 1Y Return | 2.20% | 3.92% |
| 3Y Return (Ann) | -0.07% | 0.26% |
| 5Y Return (Ann) | 0.96% | 1.88% |
| 10Y Return (Ann) | 0.92% | 1.70% |
| Sharpe Ratio | 0.98 | 1.58 |
| Daily Std Dev | 2.46% | 2.54% |
| Max Drawdown | -5.97% | -8.50% |
| Current Drawdown | -0.41% | -0.05% |
Correlation
The correlation between ASBAX and GSSRX is 0.63, 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.
Performance
ASBAX vs. GSSRX - Performance Comparison
In the year-to-date period, ASBAX achieves a 0.56% return, which is significantly lower than GSSRX's 0.59% return. Over the past 10 years, ASBAX has underperformed GSSRX with an annualized return of 0.92%, while GSSRX has yielded a comparatively higher 1.70% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
ASBAX vs. GSSRX - Risk-Adjusted Performance 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.
Dividends
ASBAX vs. GSSRX - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 3.64%, more than GSSRX's 3.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 3.64% | 3.20% | 1.37% | 0.41% | 2.07% | 1.79% | 1.70% | 1.13% | 0.83% | 0.99% | 0.39% | 0.61% |
GSSRX Goldman Sachs Short Duration Bond Fund | 3.39% | 3.14% | 2.18% | 1.40% | 2.19% | 2.85% | 2.55% | 2.21% | 2.08% | 2.43% | 1.55% | 1.48% |
Drawdowns
ASBAX vs. GSSRX - Drawdown Comparison
The maximum ASBAX drawdown since its inception was -5.97%, smaller than the maximum GSSRX drawdown of -8.50%. Use the drawdown chart below to compare losses from any high point for ASBAX and GSSRX. For additional features, visit the drawdowns tool.
Volatility
ASBAX vs. GSSRX - Volatility Comparison
American Funds Short-Term Bond Fund of America (ASBAX) and Goldman Sachs Short Duration Bond Fund (GSSRX) have volatilities of 0.73% and 0.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.