GCTIX vs. VGT
Compare and contrast key facts about Goldman Sachs U.S. Tax-Managed Equity Fund (GCTIX) and Vanguard Information Technology ETF (VGT).
GCTIX is managed by BlackRock. It was launched on Apr 3, 2000. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Mar 25, 2004.
Performance
GCTIX vs. VGT - Performance Comparison
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GCTIX vs. VGT - 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% |
VGT Vanguard Information Technology ETF | -7.34% | 21.77% | 29.30% | 52.66% | -29.70% | 30.45% | 46.04% | 48.62% | 2.46% | 37.08% |
Returns By Period
The year-to-date returns for both stocks are quite close, with GCTIX having a -7.27% return and VGT slightly lower at -7.34%. Over the past 10 years, GCTIX has underperformed VGT with an annualized return of 12.17%, while VGT has yielded a comparatively higher 21.35% 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%
VGT
- 1D
- 4.34%
- 1M
- -3.89%
- YTD
- -7.34%
- 6M
- -6.36%
- 1Y
- 29.19%
- 3Y*
- 22.58%
- 5Y*
- 14.54%
- 10Y*
- 21.35%
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GCTIX vs. VGT - Expense Ratio Comparison
GCTIX has a 0.75% expense ratio, which is higher than VGT's 0.09% expense ratio.
Return for Risk
GCTIX vs. VGT — Risk / Return Rank
GCTIX
VGT
GCTIX vs. VGT - 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 Vanguard Information Technology ETF (VGT). 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 | VGT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 1.08 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.65 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.77 | -0.85 |
Martin ratioReturn relative to average drawdown | 4.16 | 5.47 | -1.31 |
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 | VGT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.08 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.58 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.88 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.61 | -0.17 |
Correlation
The correlation between GCTIX and VGT is 0.87, 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. VGT - Dividend Comparison
GCTIX's dividend yield for the trailing twelve months is around 0.55%, more than VGT's 0.44% 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% |
VGT Vanguard Information Technology ETF | 0.44% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Drawdowns
GCTIX vs. VGT - Drawdown Comparison
The maximum GCTIX drawdown since its inception was -56.62%, roughly equal to the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for GCTIX and VGT.
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Drawdown Indicators
| GCTIX | VGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.62% | -54.63% | -1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -16.40% | +4.02% |
Max Drawdown (5Y)Largest decline over 5 years | -25.86% | -35.07% | +9.21% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -35.07% | -0.47% |
Current DrawdownCurrent decline from peak | -9.98% | -12.77% | +2.79% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -8.00% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 5.30% | -2.51% |
Volatility
GCTIX vs. VGT - Volatility Comparison
The current volatility for Goldman Sachs U.S. Tax-Managed Equity Fund (GCTIX) is 4.71%, while Vanguard Information Technology ETF (VGT) has a volatility of 7.99%. This indicates that GCTIX experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCTIX | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 7.99% | -3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 16.31% | -6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 27.24% | -8.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.79% | 25.07% | -7.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.83% | 24.48% | -5.65% |