GAPAX vs. SSGLX
Compare and contrast key facts about Goldman Sachs Dynamic Global Equity Fund Class A (GAPAX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX).
GAPAX is managed by Goldman Sachs. It was launched on Jan 2, 1998. SSGLX is a passively managed fund by State Street that tracks the performance of the MSCI ACWI ex USA Investable Market Index. It was launched on Sep 17, 2014.
Performance
GAPAX vs. SSGLX - Performance Comparison
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GAPAX vs. SSGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GAPAX Goldman Sachs Dynamic Global Equity Fund Class A | -5.21% | 21.27% | 24.08% | 20.25% | -19.30% | 20.10% | 13.19% | 31.33% | -11.39% | 25.97% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | -0.64% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
Returns By Period
In the year-to-date period, GAPAX achieves a -5.21% return, which is significantly lower than SSGLX's -0.64% return. Over the past 10 years, GAPAX has outperformed SSGLX with an annualized return of 11.46%, while SSGLX has yielded a comparatively lower 8.58% annualized return.
GAPAX
- 1D
- -0.28%
- 1M
- -9.71%
- YTD
- -5.21%
- 6M
- -2.07%
- 1Y
- 16.98%
- 3Y*
- 16.93%
- 5Y*
- 9.44%
- 10Y*
- 11.46%
SSGLX
- 1D
- 0.39%
- 1M
- -10.87%
- YTD
- -0.64%
- 6M
- 4.10%
- 1Y
- 24.88%
- 3Y*
- 14.40%
- 5Y*
- 6.92%
- 10Y*
- 8.58%
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GAPAX vs. SSGLX - Expense Ratio Comparison
GAPAX has a 0.89% expense ratio, which is higher than SSGLX's 0.07% expense ratio.
Return for Risk
GAPAX vs. SSGLX — Risk / Return Rank
GAPAX
SSGLX
GAPAX vs. SSGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Dynamic Global Equity Fund Class A (GAPAX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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.
| GAPAX | SSGLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.56 | -0.60 |
Sortino ratioReturn per unit of downside risk | 1.41 | 2.12 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 2.00 | -0.93 |
Martin ratioReturn relative to average drawdown | 5.08 | 7.90 | -2.82 |
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
| GAPAX | SSGLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.56 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.48 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.53 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.37 | 0.00 |
Correlation
The correlation between GAPAX and SSGLX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GAPAX vs. SSGLX - Dividend Comparison
GAPAX's dividend yield for the trailing twelve months is around 15.24%, more than SSGLX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAPAX Goldman Sachs Dynamic Global Equity Fund Class A | 15.24% | 14.45% | 14.69% | 5.01% | 6.35% | 12.40% | 2.34% | 9.86% | 2.64% | 1.96% | 1.16% | 0.97% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 4.44% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
Drawdowns
GAPAX vs. SSGLX - Drawdown Comparison
The maximum GAPAX drawdown since its inception was -58.88%, which is greater than SSGLX's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for GAPAX and SSGLX.
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Drawdown Indicators
| GAPAX | SSGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.88% | -35.88% | -23.00% |
Max Drawdown (1Y)Largest decline over 1 year | -13.23% | -11.22% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -31.13% | -30.08% | -1.05% |
Max Drawdown (10Y)Largest decline over 10 years | -36.31% | -35.88% | -0.43% |
Current DrawdownCurrent decline from peak | -10.28% | -10.87% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -11.89% | -8.32% | -3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.84% | +0.06% |
Volatility
GAPAX vs. SSGLX - Volatility Comparison
The current volatility for Goldman Sachs Dynamic Global Equity Fund Class A (GAPAX) is 5.43%, while State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) has a volatility of 6.44%. This indicates that GAPAX experiences smaller price fluctuations and is considered to be less risky than SSGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAPAX | SSGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 6.44% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.86% | 10.02% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 15.49% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 14.49% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 16.15% | +1.79% |