GCGIX vs. VOO

Last updated Jun 20, 2026

GCGIX (Goldman Sachs Large Cap Growth Insights Fund) and VOO (Vanguard S&P 500 ETF) are both funds - GCGIX is a Large Cap Growth Equities fund managed by Goldman Sachs, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, GCGIX returned 17.74%/yr vs 15.55%/yr for VOO. Their correlation of 0.94 suggests significant overlap in exposure. GCGIX charges 0.54%/yr vs 0.03%/yr for VOO.

Performance

GCGIX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Large Cap Growth Insights Fund (GCGIX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCGIX achieves a 1.72% return, which is significantly lower than VOO's 10.07% return. Over the past 10 years, GCGIX has outperformed VOO with an annualized return of 17.74%, while VOO has yielded a comparatively lower 15.55% annualized return.

GCGIX

• 1D: 1.25%
• 1M: -1.61%
• YTD: 1.72%
• 6M: 1.53%
• 1Y: 19.26%
• 3Y*: 25.50%
• 5Y*: 15.14%
• 10Y*: 17.74%

VOO

• 1D: 0.98%
• 1M: 0.77%
• YTD: 10.07%
• 6M: 10.31%
• 1Y: 27.14%
• 3Y*: 20.91%
• 5Y*: 14.06%
• 10Y*: 15.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GCGIX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GCGIX Goldman Sachs Large Cap Growth Insights Fund	1.72%	15.51%	53.44%	37.56%	-29.62%	29.10%	32.21%	29.70%	-4.58%	29.75%
VOO Vanguard S&P 500 ETF	10.07%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between GCGIX and VOO is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.94

The correlation between GCGIX and VOO has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

GCGIX vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GCGIX

GCGIX Risk / Return Rank: 17
GCGIX Sharpe Ratio Rank: 20
GCGIX Sortino Ratio Rank: 18
GCGIX Omega Ratio Rank: 19
GCGIX Calmar Ratio Rank: 13
GCGIX Martin Ratio Rank: 14

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 68
VOO Omega Ratio Rank: 71
VOO Calmar Ratio Rank: 64
VOO Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GCGIX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Large Cap Growth Insights Fund (GCGIX) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.15	2.18	-1.02
Sortino ratio: Return per unit of downside risk	1.62	2.93	-1.31
Omega ratio: Gain probability vs. loss probability	1.21	1.39	-0.19
Calmar ratio: Return relative to maximum drawdown	1.09	3.02	-1.93
Martin ratio: Return relative to average drawdown	3.50	13.61	-10.12

GCGIX vs. VOO - Sharpe Ratio Comparison

The current GCGIX Sharpe Ratio is 1.15, which is lower than the VOO Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of GCGIX and VOO, 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. VOO - Drawdown Comparison

The maximum GCGIX drawdown since its inception was -65.78%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GCGIX and VOO.

Drawdown Indicators

	GCGIX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-65.78%	-33.99%	-31.79%
Max Drawdown (1Y) Largest decline over 1 year	-17.25%	-8.90%	-8.35%
Max Drawdown (3Y) Largest decline over 3 years	-25.10%	-18.69%	-6.41%
Max Drawdown (5Y) Largest decline over 5 years	-32.57%	-24.52%	-8.05%
Max Drawdown (10Y) Largest decline over 10 years	-32.94%	-33.99%	+1.05%
Current Drawdown Current decline from peak	-4.49%	-1.45%	-3.04%
Average Drawdown Average peak-to-trough decline	-20.80%	-3.68%	-17.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.35%	1.97%	+3.38%

Volatility

GCGIX vs. VOO - Volatility Comparison

Goldman Sachs Large Cap Growth Insights Fund (GCGIX) has a higher volatility of 5.67% compared to Vanguard S&P 500 ETF (VOO) at 4.69%. This indicates that GCGIX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCGIX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.67%	4.69%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	12.76%	9.79%	+2.97%
Volatility (1Y) Calculated over the trailing 1-year period	16.31%	12.37%	+3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.33%	16.90%	+5.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.60%	18.05%	+3.55%

GCGIX vs. VOO - Expense Ratio Comparison

GCGIX has a 0.54% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

GCGIX vs. VOO - Dividend Comparison

GCGIX's dividend yield for the trailing twelve months is around 7.37%, more than VOO's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GCGIX Goldman Sachs Large Cap Growth Insights Fund	7.37%	7.50%	23.16%	7.08%	19.27%	42.43%	9.71%	4.02%	10.10%	4.76%	0.76%	0.87%
VOO Vanguard S&P 500 ETF	1.04%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both GCGIX and VOO in my portfolio?

With a correlation of 0.92, GCGIX and VOO 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 VOO?

GCGIX has higher volatility (5.67%) compared to VOO (4.69%). In terms of maximum drawdown, GCGIX dropped -65.78% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.18 vs 1.15), 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.