GCGIX vs. GSPKX

Last updated Aug 1, 2026

GCGIX (Goldman Sachs Large Cap Growth Insights Fund) and GSPKX (Goldman Sachs U.S. Equity Dividend and Premium Fund) are both mutual funds - GCGIX is a Large Cap Growth Equities fund managed by Goldman Sachs, while GSPKX is a Large Cap Blend Equities fund managed by Goldman Sachs. Over the past 10 years, GCGIX returned 16.52%/yr vs 12.64%/yr for GSPKX. Their correlation of 0.92 means they have usually moved in the same direction. GCGIX charges 0.54%/yr vs 0.71%/yr for GSPKX.

Performance

GCGIX vs. GSPKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Large Cap Growth Insights Fund (GCGIX) and Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCGIX achieves a -3.20% return, which is significantly lower than GSPKX's 10.37% return. Over the past 10 years, GCGIX has outperformed GSPKX with an annualized return of 16.52%, while GSPKX has yielded a comparatively lower 12.64% annualized return.

GCGIX

• 1D: 2.97%
• 1M: -2.72%
• 6M: -0.87%
• YTD: -3.20%
• 1Y: 6.83%
• 3Y*: 21.97%
• 5Y*: 12.56%
• 10Y*: 16.52%
• ALL TIME*: 9.48%

GSPKX

• 1D: 1.32%
• 1M: -0.10%
• 6M: 8.75%
• YTD: 10.37%
• 1Y: 20.25%
• 3Y*: 18.84%
• 5Y*: 12.38%
• 10Y*: 12.64%
• ALL TIME*: 9.72%

*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)
GCGIX Goldman Sachs Large Cap Growth Insights Fund	$0.00	$0.00	$0.00
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund	$0.00	$0.00	$0.00

GCGIX vs. GSPKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GCGIX Goldman Sachs Large Cap Growth Insights Fund	-3.20%	15.51%	53.44%	37.56%	-29.62%	29.10%	32.21%	29.70%	-4.58%	29.75%
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund	10.37%	13.60%	29.55%	21.39%	-15.20%	22.79%	14.15%	25.11%	-6.29%	15.32%

Correlation

The correlation between GCGIX and GSPKX is 0.91, 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.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006	0.92

The correlation between GCGIX and GSPKX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

GCGIX vs. GSPKX — Risk / Return Rank

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

GCGIX

GCGIX Risk / Return Rank: 8
GCGIX Sharpe Ratio Rank: 8
GCGIX Sortino Ratio Rank: 9
GCGIX Omega Ratio Rank: 8
GCGIX Calmar Ratio Rank: 8
GCGIX Martin Ratio Rank: 8

GSPKX

GSPKX Risk / Return Rank: 77
GSPKX Sharpe Ratio Rank: 76
GSPKX Sortino Ratio Rank: 73
GSPKX Omega Ratio Rank: 75
GSPKX Calmar Ratio Rank: 74
GSPKX Martin Ratio Rank: 88

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.

GCGIX vs. GSPKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Large Cap Growth Insights Fund (GCGIX) and Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX). 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.

	GCGIX	GSPKX	Difference
Sharpe ratio: Return per unit of total volatility	0.26	1.76	-1.50
Sortino ratio: Return per unit of downside risk	0.48	2.47	-1.99
Omega ratio: Gain probability vs. loss probability	1.06	1.33	-0.27
Calmar ratio: Return relative to maximum drawdown	0.27	2.37	-2.11
Martin ratio: Return relative to average drawdown	0.78	11.61	-10.83

GCGIX vs. GSPKX - Sharpe Ratio Comparison

The current GCGIX Sharpe Ratio is 0.26, which is lower than the GSPKX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of GCGIX and GSPKX, 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

GCGIX vs. GSPKX - Drawdown Comparison

The maximum GCGIX drawdown since its inception was -65.78%, which is greater than GSPKX's maximum drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for GCGIX and GSPKX.

Drawdown Indicators

	GCGIX	GSPKX	Difference
Max Drawdown Largest peak-to-trough decline	-65.78%	-51.90%	-13.88%
Max Drawdown (1Y) Largest decline over 1 year	-17.25%	-7.83%	-9.42%
Max Drawdown (3Y) Largest decline over 3 years	-25.10%	-20.51%	-4.59%
Max Drawdown (5Y) Largest decline over 5 years	-32.57%	-22.34%	-10.23%
Max Drawdown (10Y) Largest decline over 10 years	-32.94%	-32.70%	-0.24%
Current Drawdown Current decline from peak	-9.11%	-1.24%	-7.87%
Average Drawdown Average peak-to-trough decline	-20.74%	-5.95%	-14.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.86%	1.60%	+4.26%

Volatility

GCGIX vs. GSPKX - Volatility Comparison

Goldman Sachs Large Cap Growth Insights Fund (GCGIX) has a higher volatility of 6.28% compared to Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) at 2.76%. This indicates that GCGIX's price experiences larger fluctuations and is considered to be riskier than GSPKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCGIX	GSPKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.28%	2.76%	+3.52%
Volatility (6M) Calculated over the trailing 6-month period	13.98%	8.46%	+5.52%
Volatility (1Y) Calculated over the trailing 1-year period	17.54%	10.54%	+7.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.51%	16.07%	+6.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.66%	16.88%	+4.78%

GCGIX vs. GSPKX - Expense Ratio Comparison

GCGIX has a 0.54% expense ratio, which is lower than GSPKX's 0.71% expense ratio.

Dividends

GCGIX vs. GSPKX - Dividend Comparison

GCGIX's dividend yield for the trailing twelve months is around 7.74%, more than GSPKX's 6.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GCGIX Goldman Sachs Large Cap Growth Insights Fund	7.74%	7.50%	23.16%	7.08%	19.27%	42.43%	9.71%	4.02%	10.10%	4.76%	0.76%	0.87%
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund	6.00%	6.32%	12.77%	6.48%	6.33%	6.01%	7.19%	6.86%	7.95%	6.13%	5.63%	6.29%

Frequently Asked Questions

Can I hold both GCGIX and GSPKX in my portfolio?

With a correlation of 0.91, GCGIX and GSPKX 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, GCGIX or GSPKX?

GCGIX has higher volatility (6.28%) compared to GSPKX (2.76%). In terms of maximum drawdown, GCGIX dropped -65.78% vs GSPKX's -51.90%.

Which has better risk-adjusted returns?

GSPKX currently has the higher Sharpe Ratio (1.76 vs 0.26), 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.