GCGIX vs. SPY
Compare and contrast key facts about Goldman Sachs Large Cap Growth Insights Fund (GCGIX) and State Street SPDR S&P 500 ETF (SPY).
GCGIX is managed by Goldman Sachs. It was launched on May 1, 1997. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
GCGIX vs. SPY - Performance Comparison
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GCGIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCGIX Goldman Sachs Large Cap Growth Insights Fund | -14.32% | 15.51% | 53.44% | 37.56% | -29.62% | 29.10% | 32.21% | 29.70% | -4.58% | 29.75% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, GCGIX achieves a -14.32% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, GCGIX has outperformed SPY with an annualized return of 15.72%, while SPY has yielded a comparatively lower 13.98% annualized return.
GCGIX
- 1D
- -0.41%
- 1M
- -8.68%
- YTD
- -14.32%
- 6M
- -13.58%
- 1Y
- 12.16%
- 3Y*
- 22.25%
- 5Y*
- 13.07%
- 10Y*
- 15.72%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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GCGIX vs. SPY - Expense Ratio Comparison
GCGIX has a 0.54% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
GCGIX vs. SPY — Risk / Return Rank
GCGIX
SPY
GCGIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Large Cap Growth Insights Fund (GCGIX) and State Street SPDR S&P 500 ETF (SPY). 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.
| GCGIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 0.93 | -0.39 |
Sortino ratioReturn per unit of downside risk | 0.94 | 1.45 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.22 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.49 | 1.53 | -1.04 |
Martin ratioReturn relative to average drawdown | 1.66 | 7.30 | -5.64 |
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
| GCGIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.93 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.69 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.78 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.56 | -0.14 |
Correlation
The correlation between GCGIX and SPY is 0.93, 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
GCGIX vs. SPY - Dividend Comparison
GCGIX's dividend yield for the trailing twelve months is around 8.75%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCGIX Goldman Sachs Large Cap Growth Insights Fund | 8.75% | 7.50% | 23.16% | 7.08% | 19.27% | 42.43% | 9.71% | 4.02% | 10.10% | 4.76% | 0.76% | 0.87% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
GCGIX vs. SPY - Drawdown Comparison
The maximum GCGIX drawdown since its inception was -65.78%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GCGIX and SPY.
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Drawdown Indicators
| GCGIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.78% | -55.19% | -10.59% |
Max Drawdown (1Y)Largest decline over 1 year | -17.25% | -12.05% | -5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -32.57% | -24.50% | -8.07% |
Max Drawdown (10Y)Largest decline over 10 years | -32.94% | -33.72% | +0.78% |
Current DrawdownCurrent decline from peak | -17.25% | -6.24% | -11.01% |
Average DrawdownAverage peak-to-trough decline | -20.92% | -9.09% | -11.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.06% | 2.52% | +2.54% |
Volatility
GCGIX vs. SPY - Volatility Comparison
Goldman Sachs Large Cap Growth Insights Fund (GCGIX) and State Street SPDR S&P 500 ETF (SPY) have volatilities of 5.46% and 5.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCGIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 5.31% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.96% | 9.47% | +2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.89% | 19.05% | +3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.19% | 17.06% | +5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.48% | 17.92% | +3.56% |