FEIQX vs. GSGRX

Last updated Aug 1, 2026

FEIQX (Franklin Equity Income Fund Class R6) and GSGRX (Goldman Sachs Equity Income Fund) are both Dividend funds. Over the past 10 years, FEIQX returned 13.66%/yr vs 11.70%/yr for GSGRX. Their 0.95 correlation means they have historically moved very closely together. FEIQX charges 0.50%/yr vs 1.20%/yr for GSGRX.

Performance

FEIQX vs. GSGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Equity Income Fund Class R6 (FEIQX) and Goldman Sachs Equity Income Fund (GSGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEIQX achieves a 12.96% return, which is significantly lower than GSGRX's 18.68% return. Over the past 10 years, FEIQX has outperformed GSGRX with an annualized return of 13.66%, while GSGRX has yielded a comparatively lower 11.70% annualized return.

FEIQX

• 1D: 0.95%
• 1M: 2.00%
• 6M: 8.78%
• YTD: 12.96%
• 1Y: 22.41%
• 3Y*: 16.65%
• 5Y*: 14.14%
• 10Y*: 13.66%
• ALL TIME*: 13.46%

GSGRX

• 1D: 0.88%
• 1M: 2.38%
• 6M: 14.73%
• YTD: 18.68%
• 1Y: 27.06%
• 3Y*: 20.30%
• 5Y*: 12.96%
• 10Y*: 11.70%
• ALL TIME*: 8.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FEIQX Franklin Equity Income Fund Class R6	$0.00	$0.00	$0.00
GSGRX Goldman Sachs Equity Income Fund	$0.00	$0.00	$0.00

FEIQX vs. GSGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEIQX Franklin Equity Income Fund Class R6	12.96%	16.61%	18.53%	9.38%	-6.56%	41.33%	5.93%	29.60%	-4.43%	16.45%
GSGRX Goldman Sachs Equity Income Fund	18.68%	12.48%	25.98%	8.19%	-5.28%	21.83%	3.49%	24.98%	-6.11%	10.37%

Correlation

The correlation between FEIQX and GSGRX is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015	0.95

The correlation between FEIQX and GSGRX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

FEIQX vs. GSGRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FEIQX

FEIQX Risk / Return Rank: 84
FEIQX Sharpe Ratio Rank: 83
FEIQX Sortino Ratio Rank: 81
FEIQX Omega Ratio Rank: 78
FEIQX Calmar Ratio Rank: 87
FEIQX Martin Ratio Rank: 90

GSGRX

GSGRX Risk / Return Rank: 92
GSGRX Sharpe Ratio Rank: 93
GSGRX Sortino Ratio Rank: 90
GSGRX Omega Ratio Rank: 85
GSGRX Calmar Ratio Rank: 96
GSGRX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FEIQX vs. GSGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Equity Income Fund Class R6 (FEIQX) and Goldman Sachs Equity Income Fund (GSGRX). 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.

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.

	FEIQX	GSGRX	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.41	-0.36
Sortino ratio: Return per unit of downside risk	2.90	3.43	-0.52
Omega ratio: Gain probability vs. loss probability	1.36	1.43	-0.06
Calmar ratio: Return relative to maximum drawdown	3.18	4.58	-1.40
Martin ratio: Return relative to average drawdown	12.53	18.09	-5.56

FEIQX vs. GSGRX - Sharpe Ratio Comparison

The current FEIQX Sharpe Ratio is 2.05, which is comparable to the GSGRX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of FEIQX and GSGRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FEIQX vs. GSGRX - Drawdown Comparison

The maximum FEIQX drawdown since its inception was -35.40%, smaller than the maximum GSGRX drawdown of -54.44%. Use the drawdown chart below to compare losses from any high point for FEIQX and GSGRX.

Drawdown Indicators

	FEIQX	GSGRX	Difference
Max Drawdown Largest peak-to-trough decline	-35.40%	-54.44%	+19.04%
Max Drawdown (1Y) Largest decline over 1 year	-6.35%	-5.48%	-0.87%
Max Drawdown (3Y) Largest decline over 3 years	-16.71%	-19.02%	+2.31%
Max Drawdown (5Y) Largest decline over 5 years	-18.48%	-19.02%	+0.54%
Max Drawdown (10Y) Largest decline over 10 years	-35.40%	-35.11%	-0.29%
Current Drawdown Current decline from peak	-0.37%	-0.11%	-0.26%
Average Drawdown Average peak-to-trough decline	-3.58%	-10.33%	+6.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.41%	+0.21%

Volatility

FEIQX vs. GSGRX - Volatility Comparison

The current volatility for Franklin Equity Income Fund Class R6 (FEIQX) is 2.65%, while Goldman Sachs Equity Income Fund (GSGRX) has a volatility of 2.81%. This indicates that FEIQX experiences smaller price fluctuations and is considered to be less risky than GSGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEIQX	GSGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	2.81%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	7.36%	7.91%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	9.87%	10.42%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.74%	16.11%	-0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	17.13%	-0.08%

FEIQX vs. GSGRX - Expense Ratio Comparison

FEIQX has a 0.50% expense ratio, which is lower than GSGRX's 1.20% expense ratio.

Dividends

FEIQX vs. GSGRX - Dividend Comparison

FEIQX's dividend yield for the trailing twelve months is around 9.04%, more than GSGRX's 8.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEIQX Franklin Equity Income Fund Class R6	9.04%	9.75%	10.81%	4.53%	5.93%	18.21%	3.36%	8.14%	7.36%	5.17%	6.81%	3.22%
GSGRX Goldman Sachs Equity Income Fund	8.42%	9.72%	18.35%	4.70%	4.42%	8.01%	1.52%	5.56%	2.67%	1.69%	1.79%	1.90%

Frequently Asked Questions

Can I hold both FEIQX and GSGRX in my portfolio?

With a correlation of 0.93, FEIQX and GSGRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FEIQX or GSGRX?

GSGRX has higher volatility (2.81%) compared to FEIQX (2.65%). In terms of maximum drawdown, FEIQX dropped -35.40% vs GSGRX's -54.44%.

Which has better risk-adjusted returns?

GSGRX currently has the higher Sharpe Ratio (2.41 vs 2.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.