GAMPX vs. RMLPX

Last updated Aug 4, 2026

GAMPX (Goldman Sachs Energy Infrastructure Fund Class P) and RMLPX (Recurrent MLP & Infrastructure Fund) are both Infrastructure Equities funds. Over the past 5 years, GAMPX returned 25.11%/yr vs 27.55%/yr for RMLPX. Their correlation of 0.95 means they have usually moved in the same direction. GAMPX charges 1.11%/yr vs 1.25%/yr for RMLPX.

Performance

GAMPX vs. RMLPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) and Recurrent MLP & Infrastructure Fund (RMLPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GAMPX achieves a 26.95% return, which is significantly lower than RMLPX's 39.48% 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%

RMLPX

• 1D: 0.09%
• 1M: 8.08%
• 6M: 28.73%
• YTD: 39.48%
• 1Y: 46.03%
• 3Y*: 28.23%
• 5Y*: 27.55%
• 10Y*: —
• ALL TIME*: 14.04%

*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)
GAMPX Goldman Sachs Energy Infrastructure Fund Class P	$0.00	$0.00	$0.00
RMLPX Recurrent MLP & Infrastructure Fund	$0.00	$0.00	$0.00

GAMPX vs. RMLPX - 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%
RMLPX Recurrent MLP & Infrastructure Fund	39.48%	8.98%	30.03%	16.79%	35.03%	42.56%	-28.37%	15.33%	-10.60%

Correlation

The correlation between GAMPX and RMLPX is 0.89, 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.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (All Time) Calculated using the full available price history since May 7, 2018	0.95

The correlation between GAMPX and RMLPX has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

Return for Risk

GAMPX vs. RMLPX — Risk / Return Rank

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

GAMPX

GAMPX Risk / Return Rank: 79
GAMPX Sharpe Ratio Rank: 81
GAMPX Sortino Ratio Rank: 77
GAMPX Omega Ratio Rank: 73
GAMPX Calmar Ratio Rank: 94
GAMPX Martin Ratio Rank: 69

RMLPX

RMLPX Risk / Return Rank: 92
RMLPX Sharpe Ratio Rank: 95
RMLPX Sortino Ratio Rank: 90
RMLPX Omega Ratio Rank: 86
RMLPX Calmar Ratio Rank: 96
RMLPX Martin Ratio Rank: 91

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.

GAMPX vs. RMLPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) and Recurrent MLP & Infrastructure Fund (RMLPX). 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	RMLPX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	2.60	-0.62
Sortino ratio: Return per unit of downside risk	2.72	3.42	-0.70
Omega ratio: Gain probability vs. loss probability	1.34	1.43	-0.10
Calmar ratio: Return relative to maximum drawdown	4.07	4.91	-0.85
Martin ratio: Return relative to average drawdown	9.25	13.11	-3.86

GAMPX vs. RMLPX - Sharpe Ratio Comparison

The current GAMPX Sharpe Ratio is 1.98, which is comparable to the RMLPX Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of GAMPX and RMLPX, 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

GAMPX vs. RMLPX - Drawdown Comparison

The maximum GAMPX drawdown since its inception was -59.18%, smaller than the maximum RMLPX drawdown of -66.95%. Use the drawdown chart below to compare losses from any high point for GAMPX and RMLPX.

Drawdown Indicators

	GAMPX	RMLPX	Difference
Max Drawdown Largest peak-to-trough decline	-59.18%	-66.95%	+7.77%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	-9.09%	+1.86%
Max Drawdown (3Y) Largest decline over 3 years	-17.08%	-18.75%	+1.67%
Max Drawdown (5Y) Largest decline over 5 years	-21.97%	-22.83%	+0.86%
Current Drawdown Current decline from peak	-2.58%	-2.09%	-0.49%
Average Drawdown Average peak-to-trough decline	-8.44%	-10.14%	+1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	3.40%	-0.23%

Volatility

GAMPX vs. RMLPX - Volatility Comparison

The current volatility for Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) is 5.26%, while Recurrent MLP & Infrastructure Fund (RMLPX) has a volatility of 6.04%. This indicates that GAMPX experiences smaller price fluctuations and is considered to be less risky than RMLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GAMPX	RMLPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	6.04%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	11.87%	14.11%	-2.24%
Volatility (1Y) Calculated over the trailing 1-year period	14.88%	17.16%	-2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.48%	21.24%	-0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.69%	27.92%	-2.23%

GAMPX vs. RMLPX - Expense Ratio Comparison

GAMPX has a 1.11% expense ratio, which is lower than RMLPX's 1.25% expense ratio.

Dividends

GAMPX vs. RMLPX - Dividend Comparison

GAMPX's dividend yield for the trailing twelve months is around 8.26%, more than RMLPX's 4.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
RMLPX Recurrent MLP & Infrastructure Fund	4.67%	6.38%	7.63%	6.49%	7.08%	8.89%	13.48%	7.25%	5.85%

Frequently Asked Questions

Can I hold both GAMPX and RMLPX in my portfolio?

GAMPX and RMLPX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GAMPX or RMLPX?

RMLPX has higher volatility (6.04%) compared to GAMPX (5.26%). In terms of maximum drawdown, GAMPX dropped -59.18% vs RMLPX's -66.95%.

Which has better risk-adjusted returns?

RMLPX currently has the higher Sharpe Ratio (2.60 vs 1.98), 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.