GCSIX vs. SPY
Compare and contrast key facts about Goldman Sachs Small Cap Equity Insights Fund (GCSIX) and SPDR S&P 500 ETF (SPY).
GCSIX is managed by Goldman Sachs. It was launched on Aug 15, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GCSIX or SPY.
Performance
GCSIX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, GCSIX achieves a 21.88% return, which is significantly lower than SPY's 24.91% return. Over the past 10 years, GCSIX has underperformed SPY with an annualized return of 5.82%, while SPY has yielded a comparatively higher 13.04% annualized return.
GCSIX
21.88%
0.85%
11.28%
35.87%
3.91%
5.82%
SPY
24.91%
0.61%
11.66%
32.24%
15.43%
13.04%
Key characteristics
| GCSIX | SPY | |
|---|---|---|
| Sharpe Ratio | 1.79 | 2.67 |
| Sortino Ratio | 2.59 | 3.56 |
| Omega Ratio | 1.31 | 1.50 |
| Calmar Ratio | 0.96 | 3.85 |
| Martin Ratio | 11.26 | 17.38 |
| Ulcer Index | 3.35% | 1.86% |
| Daily Std Dev | 21.11% | 12.17% |
| Max Drawdown | -66.55% | -55.19% |
| Current Drawdown | -16.85% | -1.77% |
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GCSIX vs. SPY - Expense Ratio Comparison
GCSIX has a 0.84% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between GCSIX and SPY is 0.82, 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.
Risk-Adjusted Performance
GCSIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Small Cap Equity Insights Fund (GCSIX) and 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.
Dividends
GCSIX vs. SPY - Dividend Comparison
GCSIX's dividend yield for the trailing twelve months is around 0.62%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCSIX Goldman Sachs Small Cap Equity Insights Fund | 0.62% | 0.75% | 0.87% | 0.00% | 0.50% | 0.53% | 0.25% | 0.27% | 0.60% | 0.58% | 0.35% | 1.09% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GCSIX vs. SPY - Drawdown Comparison
The maximum GCSIX drawdown since its inception was -66.55%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GCSIX and SPY. For additional features, visit the drawdowns tool.
Volatility
GCSIX vs. SPY - Volatility Comparison
Goldman Sachs Small Cap Equity Insights Fund (GCSIX) has a higher volatility of 8.12% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that GCSIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.