GCOR vs. ^GSPC

Last updated Jun 4, 2026

GCOR (Goldman Sachs Access U.S. Aggregate Bond ETF) is Intermediate Core Bond fund tracking the FTSE Goldman Sachs US Broad Bond Market Index, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, GCOR returned -0.24%/yr vs 12.30%/yr for ^GSPC. At a 0.16 correlation, their price movements are largely independent.

Performance

GCOR vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCOR achieves a 0.16% return, which is significantly lower than ^GSPC's 10.35% return.

GCOR

• 1D: -0.23%
• 1M: 0.17%
• YTD: 0.16%
• 6M: 0.01%
• 1Y: 4.97%
• 3Y*: 3.71%
• 5Y*: -0.24%
• 10Y*: —

^GSPC

• 1D: -0.74%
• 1M: 4.90%
• YTD: 10.35%
• 6M: 10.28%
• 1Y: 26.52%
• 3Y*: 20.83%
• 5Y*: 12.30%
• 10Y*: 13.66%

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

GCOR vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GCOR Goldman Sachs Access U.S. Aggregate Bond ETF	0.16%	7.22%	0.51%	5.79%	-13.83%	-1.88%	0.39%
^GSPC S&P 500 Index	10.35%	16.39%	23.31%	24.23%	-19.44%	26.89%	12.48%

Correlation

The correlation between GCOR and ^GSPC is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
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 Sep 11, 2020	0.16

The correlation between GCOR and ^GSPC shifts across timeframes, from 0.16 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GCOR vs. ^GSPC — Risk / Return Rank

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

GCOR

GCOR Risk / Return Rank: 37
GCOR Sharpe Ratio Rank: 38
GCOR Sortino Ratio Rank: 39
GCOR Omega Ratio Rank: 36
GCOR Calmar Ratio Rank: 36
GCOR Martin Ratio Rank: 35

^GSPC

^GSPC Risk / Return Rank: 73
^GSPC Sharpe Ratio Rank: 71
^GSPC Sortino Ratio Rank: 71
^GSPC Omega Ratio Rank: 72
^GSPC Calmar Ratio Rank: 67
^GSPC Martin Ratio Rank: 81

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.

GCOR vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) and S&P 500 Index (^GSPC). 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.

	GCOR	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.37	2.24	-0.87
Sortino ratio Return per unit of downside risk	2.02	3.07	-1.05
Omega ratio Gain probability vs. loss probability	1.24	1.41	-0.16
Calmar ratio Return relative to maximum drawdown	1.77	2.93	-1.16
Martin ratio Return relative to average drawdown	5.42	13.52	-8.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GCOR vs. ^GSPC - Sharpe Ratio Comparison

The current GCOR Sharpe Ratio is 1.37, which is lower than the ^GSPC Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of GCOR and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GCOR	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	2.24	-0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	0.73	-0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.47	-0.57

Drawdowns

GCOR vs. ^GSPC - Drawdown Comparison

The maximum GCOR drawdown since its inception was -18.94%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GCOR and ^GSPC.

Drawdown Indicators

	GCOR	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-18.94%	-56.78%	+37.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	-9.10%	+6.28%
Max Drawdown (3Y) Largest decline over 3 years	-6.09%	-18.90%	+12.81%
Max Drawdown (5Y) Largest decline over 5 years	-18.63%	-25.43%	+6.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-3.52%	-0.74%	-2.78%
Average Drawdown Average peak-to-trough decline	-7.99%	-10.72%	+2.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	1.97%	-1.05%

Volatility

GCOR vs. ^GSPC - Volatility Comparison

The current volatility for Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) is 1.27%, while S&P 500 Index (^GSPC) has a volatility of 2.93%. This indicates that GCOR experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCOR	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	2.93%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	2.65%	8.99%	-6.34%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	11.89%	-8.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.81%	16.90%	-11.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.52%	18.06%	-12.54%

Frequently Asked Questions

Can I hold both GCOR and ^GSPC in my portfolio?

GCOR and ^GSPC have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GCOR or ^GSPC?

^GSPC has higher volatility (2.93%) compared to GCOR (1.27%). In terms of maximum drawdown, GCOR dropped -18.94% vs ^GSPC's -56.78%.

Which has better risk-adjusted returns?

^GSPC currently has the higher Sharpe Ratio (2.24 vs 1.37), 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.