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.
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.
Performance
GCSIX vs. SPY - Performance Comparison
Key characteristics
GCSIX:
0.26
SPY:
2.29
GCSIX:
0.51
SPY:
3.04
GCSIX:
1.07
SPY:
1.43
GCSIX:
0.18
SPY:
3.40
GCSIX:
1.40
SPY:
15.01
GCSIX:
4.56%
SPY:
1.90%
GCSIX:
24.11%
SPY:
12.46%
GCSIX:
-66.55%
SPY:
-55.19%
GCSIX:
-26.96%
SPY:
-0.74%
Returns By Period
In the year-to-date period, GCSIX achieves a 7.05% return, which is significantly lower than SPY's 28.13% return. Over the past 10 years, GCSIX has underperformed SPY with an annualized return of 4.05%, while SPY has yielded a comparatively higher 13.16% annualized return.
GCSIX
7.05%
-14.23%
1.30%
6.36%
0.44%
4.05%
SPY
28.13%
1.31%
11.08%
28.58%
15.00%
13.16%
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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.
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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCSIX Goldman Sachs Small Cap Equity Insights Fund | 0.00% | 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 | 1.18% | 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 13.63% compared to SPDR S&P 500 ETF (SPY) at 3.97%. 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.