GAPIX vs. SVPFX
GAPIX (Goldman Sachs Dynamic Global Equity Fund) and SVPFX (Goldman Sachs Strategic Volatility Premium Fund) are both mutual funds - GAPIX is a Global Equities fund managed by Goldman Sachs, while SVPFX is a Large Cap Blend Equities fund managed by Goldman Sachs. Over the past 5 years, GAPIX returned 11.41%/yr vs 2.10%/yr for SVPFX. At a 0.17 correlation, their price movements are largely independent. GAPIX charges 0.19%/yr vs 0.38%/yr for SVPFX.
Performance
GAPIX vs. SVPFX - Performance Comparison
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Returns By Period
In the year-to-date period, GAPIX achieves a 10.67% return, which is significantly higher than SVPFX's 1.80% return.
GAPIX
- 1D
- -1.27%
- 1M
- 0.00%
- 6M
- 7.79%
- YTD
- 10.67%
- 1Y
- 23.38%
- 3Y*
- 20.62%
- 5Y*
- 11.41%
- 10Y*
- 13.17%
SVPFX
- 1D
- -0.20%
- 1M
- 0.20%
- 6M
- 1.69%
- YTD
- 1.80%
- 1Y
- 5.51%
- 3Y*
- 4.51%
- 5Y*
- 2.10%
- 10Y*
- —
GAPIX vs. SVPFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GAPIX Goldman Sachs Dynamic Global Equity Fund | 10.67% | 21.72% | 24.35% | 20.67% | -18.97% | 11.17% |
SVPFX Goldman Sachs Strategic Volatility Premium Fund | 1.80% | 4.19% | 3.82% | 5.30% | -4.37% | 0.78% |
Correlation
The correlation between GAPIX and SVPFX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.17 |
Over the past year, GAPIX and SVPFX have become more correlated (0.38) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
GAPIX vs. SVPFX — Risk / Return Rank
GAPIX
SVPFX
GAPIX vs. SVPFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Dynamic Global Equity Fund (GAPIX) and Goldman Sachs Strategic Volatility Premium Fund (SVPFX). 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.
| GAPIX | SVPFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.56 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 6.20 | -3.87 |
| Martin ratioReturn relative to average drawdown | 9.95 | 22.83 | -12.88 |
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Drawdowns
GAPIX vs. SVPFX - Drawdown Comparison
The maximum GAPIX drawdown since its inception was -58.36%, which is greater than SVPFX's maximum drawdown of -6.37%. Use the drawdown chart below to compare losses from any high point for GAPIX and SVPFX.
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Drawdown Indicators
| GAPIX | SVPFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.36% | -6.37% | -51.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.22% | -0.91% | -9.31% |
Max Drawdown (3Y)Largest decline over 3 years | -18.31% | -5.32% | -12.99% |
Max Drawdown (5Y)Largest decline over 5 years | -31.13% | -6.37% | -24.76% |
Max Drawdown (10Y)Largest decline over 10 years | -36.31% | — | — |
Current DrawdownCurrent decline from peak | -1.95% | -0.41% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -11.33% | -1.89% | -9.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 0.39% | +2.00% |
Volatility
GAPIX vs. SVPFX - Volatility Comparison
Goldman Sachs Dynamic Global Equity Fund (GAPIX) has a higher volatility of 5.02% compared to Goldman Sachs Strategic Volatility Premium Fund (SVPFX) at 0.82%. This indicates that GAPIX's price experiences larger fluctuations and is considered to be riskier than SVPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAPIX | SVPFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 0.82% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 11.78% | 1.76% | +10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 2.23% | +11.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 5.62% | +11.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 5.47% | +12.50% |
GAPIX vs. SVPFX - Expense Ratio Comparison
GAPIX has a 0.19% expense ratio, which is lower than SVPFX's 0.38% expense ratio.
Dividends
GAPIX vs. SVPFX - Dividend Comparison
GAPIX's dividend yield for the trailing twelve months is around 13.09%, more than SVPFX's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAPIX Goldman Sachs Dynamic Global Equity Fund | 13.09% | 14.49% | 14.79% | 5.27% | 6.66% | 12.60% | 2.64% | 10.09% | 2.88% | 2.33% | 1.56% | 1.39% |
SVPFX Goldman Sachs Strategic Volatility Premium Fund | 3.20% | 1.83% | 4.37% | 4.29% | 0.76% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GAPIX and SVPFX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GAPIX has higher volatility (5.02%) compared to SVPFX (0.82%). In terms of maximum drawdown, GAPIX dropped -58.36% vs SVPFX's -6.37%.
SVPFX currently has the higher Sharpe Ratio (2.53 vs 1.69), 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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