GCTIX vs. FLCPX
Compare and contrast key facts about Goldman Sachs U.S. Tax-Managed Equity Fund (GCTIX) and Fidelity SAI U.S. Large Cap Index Fund (FLCPX).
GCTIX is managed by BlackRock. It was launched on Apr 3, 2000. FLCPX is managed by Fidelity. It was launched on Feb 2, 2016.
Performance
GCTIX vs. FLCPX - Performance Comparison
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GCTIX vs. FLCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCTIX Goldman Sachs U.S. Tax-Managed Equity Fund | -7.27% | 15.35% | 27.60% | 23.80% | -20.26% | 29.22% | 17.53% | 25.90% | -7.78% | 20.29% |
FLCPX Fidelity SAI U.S. Large Cap Index Fund | -7.05% | 17.84% | 25.08% | 26.25% | -18.06% | 28.61% | 18.24% | 31.59% | -4.38% | 21.74% |
Returns By Period
The year-to-date returns for both investments are quite close, with GCTIX having a -7.27% return and FLCPX slightly higher at -7.05%. Over the past 10 years, GCTIX has underperformed FLCPX with an annualized return of 12.17%, while FLCPX has yielded a comparatively higher 13.75% annualized return.
GCTIX
- 1D
- -0.65%
- 1M
- -8.78%
- YTD
- -7.27%
- 6M
- -4.94%
- 1Y
- 13.80%
- 3Y*
- 16.64%
- 5Y*
- 10.41%
- 10Y*
- 12.17%
FLCPX
- 1D
- -0.39%
- 1M
- -7.70%
- YTD
- -7.05%
- 6M
- -4.58%
- 1Y
- 14.45%
- 3Y*
- 17.20%
- 5Y*
- 11.42%
- 10Y*
- 13.75%
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GCTIX vs. FLCPX - Expense Ratio Comparison
GCTIX has a 0.75% expense ratio, which is higher than FLCPX's 0.02% expense ratio.
Return for Risk
GCTIX vs. FLCPX — Risk / Return Rank
GCTIX
FLCPX
GCTIX vs. FLCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs U.S. Tax-Managed Equity Fund (GCTIX) and Fidelity SAI U.S. Large Cap Index Fund (FLCPX). 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.
| GCTIX | FLCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.84 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.30 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.00 | -0.08 |
Martin ratioReturn relative to average drawdown | 4.16 | 4.86 | -0.70 |
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
| GCTIX | FLCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.84 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.67 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.76 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.82 | -0.38 |
Correlation
The correlation between GCTIX and FLCPX is 0.97, 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
GCTIX vs. FLCPX - Dividend Comparison
GCTIX's dividend yield for the trailing twelve months is around 0.55%, less than FLCPX's 0.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCTIX Goldman Sachs U.S. Tax-Managed Equity Fund | 0.55% | 0.51% | 3.06% | 0.52% | 0.71% | 0.42% | 0.70% | 0.68% | 0.10% | 0.86% | 0.96% | 1.02% |
FLCPX Fidelity SAI U.S. Large Cap Index Fund | 0.60% | 0.56% | 6.11% | 7.05% | 11.23% | 10.38% | 3.93% | 1.74% | 2.18% | 1.57% | 0.76% | 0.00% |
Drawdowns
GCTIX vs. FLCPX - Drawdown Comparison
The maximum GCTIX drawdown since its inception was -56.62%, which is greater than FLCPX's maximum drawdown of -33.87%. Use the drawdown chart below to compare losses from any high point for GCTIX and FLCPX.
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Drawdown Indicators
| GCTIX | FLCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.62% | -33.87% | -22.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -12.14% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -25.86% | -24.40% | -1.46% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -33.87% | -1.67% |
Current DrawdownCurrent decline from peak | -9.98% | -8.89% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -4.24% | -5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.56% | +0.23% |
Volatility
GCTIX vs. FLCPX - Volatility Comparison
Goldman Sachs U.S. Tax-Managed Equity Fund (GCTIX) has a higher volatility of 4.71% compared to Fidelity SAI U.S. Large Cap Index Fund (FLCPX) at 4.24%. This indicates that GCTIX's price experiences larger fluctuations and is considered to be riskier than FLCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCTIX | FLCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 4.24% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 9.09% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 18.14% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.79% | 17.03% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.83% | 18.12% | +0.71% |