GAMPX vs. ICBMX
GAMPX (Goldman Sachs Energy Infrastructure Fund Class P) and ICBMX (ICON Natural Resources and Infrastructure Fund) are both Infrastructure Equities funds. Over the past 5 years, GAMPX returned 25.11%/yr vs 15.28%/yr for ICBMX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. GAMPX charges 1.11%/yr vs 1.31%/yr for ICBMX.
Performance
GAMPX vs. ICBMX - Performance Comparison
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Returns By Period
In the year-to-date period, GAMPX achieves a 26.95% return, which is significantly higher than ICBMX's 20.46% return.
GAMPX
- 1D
- 0.43%
- 1M
- 3.51%
- 6M
- 19.67%
- YTD
- 26.95%
- 1Y
- 29.64%
- 3Y*
- 30.89%
- 5Y*
- 25.11%
- 10Y*
- —
- ALL TIME*
- 16.03%
ICBMX
- 1D
- -0.05%
- 1M
- 2.54%
- 6M
- 9.12%
- YTD
- 20.46%
- 1Y
- 39.51%
- 3Y*
- 18.65%
- 5Y*
- 15.28%
- 10Y*
- 13.01%
- ALL TIME*
- 7.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GAMPX vs. ICBMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GAMPX Goldman Sachs Energy Infrastructure Fund Class P | 26.95% | 5.43% | 58.40% | 15.11% | 19.15% | 38.33% | -17.23% | 17.00% | -12.69% |
ICBMX ICON Natural Resources and Infrastructure Fund | 20.46% | 15.95% | 21.25% | 11.02% | 0.50% | 30.63% | 5.53% | 22.11% | -18.61% |
Correlation
The correlation between GAMPX and ICBMX is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 7, 2018 | 0.67 |
Over the past year, the correlation between GAMPX and ICBMX has dropped to 0.20 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
GAMPX vs. ICBMX — Risk / Return Rank
GAMPX
ICBMX
GAMPX vs. ICBMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) and ICON Natural Resources and Infrastructure Fund (ICBMX). 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.
| GAMPX | ICBMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 3.57 | +0.50 |
| Martin ratioReturn relative to average drawdown | 9.25 | 12.44 | -3.19 |
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Drawdowns
GAMPX vs. ICBMX - Drawdown Comparison
The maximum GAMPX drawdown since its inception was -59.18%, smaller than the maximum ICBMX drawdown of -63.92%. Use the drawdown chart below to compare losses from any high point for GAMPX and ICBMX.
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Drawdown Indicators
| GAMPX | ICBMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.18% | -63.92% | +4.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -10.10% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -17.08% | -26.49% | +9.41% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -26.49% | +4.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.18% | — |
Current DrawdownCurrent decline from peak | -2.58% | -1.54% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -8.44% | -17.79% | +9.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.90% | +0.27% |
Volatility
GAMPX vs. ICBMX - Volatility Comparison
Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) has a higher volatility of 5.26% compared to ICON Natural Resources and Infrastructure Fund (ICBMX) at 3.51%. This indicates that GAMPX's price experiences larger fluctuations and is considered to be riskier than ICBMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAMPX | ICBMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 3.51% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.87% | 12.95% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.88% | 19.77% | -4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.48% | 20.60% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.69% | 22.23% | +3.46% |
GAMPX vs. ICBMX - Expense Ratio Comparison
GAMPX has a 1.11% expense ratio, which is lower than ICBMX's 1.31% expense ratio.
Dividends
GAMPX vs. ICBMX - Dividend Comparison
GAMPX's dividend yield for the trailing twelve months is around 8.26%, which matches ICBMX's 8.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAMPX Goldman Sachs Energy Infrastructure Fund Class P | 8.26% | 10.13% | 25.55% | 10.34% | 4.76% | 8.54% | 4.33% | 4.99% | 3.75% | 0.00% | 0.00% | 0.00% |
ICBMX ICON Natural Resources and Infrastructure Fund | 8.31% | 10.01% | 17.24% | 7.07% | 11.07% | 1.32% | 0.32% | 1.55% | 21.58% | 1.19% | 0.53% | 7.78% |
Frequently Asked Questions
GAMPX and ICBMX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GAMPX has higher volatility (5.26%) compared to ICBMX (3.51%). In terms of maximum drawdown, GAMPX dropped -59.18% vs ICBMX's -63.92%.
GAMPX currently has the higher Sharpe Ratio (1.98 vs 1.82), 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.
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