GEIIX vs. GSSRX

Last updated Jun 4, 2026

GEIIX (Goldman Sachs Enhanced Income Fund) and GSSRX (Goldman Sachs Short Duration Bond Fund) are both mutual funds - GEIIX is a Ultrashort Bond fund managed by Goldman Sachs, while GSSRX is a Short-Term Bond fund managed by Goldman Sachs. Over the past 10 years, GEIIX returned 2.45%/yr vs 2.42%/yr for GSSRX. A 0.55 correlation means they provide meaningful diversification when combined. GEIIX charges 0.36%/yr vs 0.48%/yr for GSSRX.

Performance

GEIIX vs. GSSRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Enhanced Income Fund (GEIIX) and Goldman Sachs Short Duration Bond Fund (GSSRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GEIIX achieves a 1.25% return, which is significantly higher than GSSRX's 0.83% return. Both investments have delivered pretty close results over the past 10 years, with GEIIX having a 2.45% annualized return and GSSRX not far behind at 2.42%.

GEIIX

• 1D: 0.00%
• 1M: 0.34%
• YTD: 1.25%
• 6M: 1.59%
• 1Y: 4.19%
• 3Y*: 4.76%
• 5Y*: 2.89%
• 10Y*: 2.45%

GSSRX

• 1D: 0.00%
• 1M: 0.48%
• YTD: 0.83%
• 6M: 1.29%
• 1Y: 4.76%
• 3Y*: 5.09%
• 5Y*: 2.06%
• 10Y*: 2.42%

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

GEIIX vs. GSSRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GEIIX Goldman Sachs Enhanced Income Fund	1.25%	4.64%	4.70%	5.82%	-1.65%	0.20%	2.51%	3.29%	1.73%	1.43%
GSSRX Goldman Sachs Short Duration Bond Fund	0.83%	6.57%	4.53%	5.28%	-6.06%	-0.86%	5.85%	6.79%	-0.02%	1.61%

Correlation

The correlation between GEIIX and GSSRX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.55

The correlation between GEIIX and GSSRX shifts across timeframes, from 0.55 (all time) to 0.67 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GEIIX vs. GSSRX — Risk / Return Rank

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

GEIIX

GEIIX Risk / Return Rank: 95
GEIIX Sharpe Ratio Rank: 84
GEIIX Sortino Ratio Rank: 98
GEIIX Omega Ratio Rank: 98
GEIIX Calmar Ratio Rank: 97
GEIIX Martin Ratio Rank: 98

GSSRX

GSSRX Risk / Return Rank: 69
GSSRX Sharpe Ratio Rank: 54
GSSRX Sortino Ratio Rank: 84
GSSRX Omega Ratio Rank: 80
GSSRX Calmar Ratio Rank: 60
GSSRX Martin Ratio Rank: 67

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.

GEIIX vs. GSSRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Enhanced Income Fund (GEIIX) and Goldman Sachs Short Duration Bond Fund (GSSRX). 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.

	GEIIX	GSSRX	Difference
Sharpe ratio: Return per unit of total volatility	2.75	2.16	+0.58
Sortino ratio: Return per unit of downside risk	6.77	3.99	+2.78
Omega ratio: Gain probability vs. loss probability	2.16	1.53	+0.63
Calmar ratio: Return relative to maximum drawdown	6.74	2.96	+3.78
Martin ratio: Return relative to average drawdown	31.80	13.08	+18.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GEIIX vs. GSSRX - Sharpe Ratio Comparison

The current GEIIX Sharpe Ratio is 2.75, which is comparable to the GSSRX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of GEIIX and GSSRX, 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

	GEIIX	GSSRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	2.16	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.03	0.85	+1.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.87	1.01	+0.87
Sharpe Ratio (All Time) Calculated using the full available price history	1.90	0.98	+0.93

Drawdowns

GEIIX vs. GSSRX - Drawdown Comparison

The maximum GEIIX drawdown since its inception was -4.95%, smaller than the maximum GSSRX drawdown of -9.03%. Use the drawdown chart below to compare losses from any high point for GEIIX and GSSRX.

Drawdown Indicators

	GEIIX	GSSRX	Difference
Max Drawdown Largest peak-to-trough decline	-4.95%	-9.03%	+4.08%
Max Drawdown (1Y) Largest decline over 1 year	-0.63%	-1.62%	+0.99%
Max Drawdown (3Y) Largest decline over 3 years	-0.63%	-1.62%	+0.99%
Max Drawdown (5Y) Largest decline over 5 years	-3.33%	-8.88%	+5.55%
Max Drawdown (10Y) Largest decline over 10 years	-4.95%	-9.03%	+4.08%
Current Drawdown Current decline from peak	-0.10%	-0.10%	0.00%
Average Drawdown Average peak-to-trough decline	-0.20%	-1.26%	+1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.13%	0.36%	-0.23%

Volatility

GEIIX vs. GSSRX - Volatility Comparison

The current volatility for Goldman Sachs Enhanced Income Fund (GEIIX) is 0.52%, while Goldman Sachs Short Duration Bond Fund (GSSRX) has a volatility of 0.71%. This indicates that GEIIX experiences smaller price fluctuations and is considered to be less risky than GSSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GEIIX	GSSRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.52%	0.71%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	1.14%	1.77%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	1.54%	2.22%	-0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.43%	2.43%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.31%	2.41%	-1.10%

GEIIX vs. GSSRX - Expense Ratio Comparison

GEIIX has a 0.36% expense ratio, which is lower than GSSRX's 0.48% expense ratio.

Dividends

GEIIX vs. GSSRX - Dividend Comparison

GEIIX's dividend yield for the trailing twelve months is around 4.11%, less than GSSRX's 4.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GEIIX Goldman Sachs Enhanced Income Fund	4.11%	4.21%	3.41%	2.92%	1.78%	0.73%	1.62%	2.38%	2.04%	1.41%	1.05%	0.67%
GSSRX Goldman Sachs Short Duration Bond Fund	4.35%	4.18%	3.58%	2.36%	1.59%	1.40%	2.20%	2.87%	2.56%	2.21%	2.04%	2.15%

Frequently Asked Questions

Can I hold both GEIIX and GSSRX in my portfolio?

GEIIX and GSSRX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GEIIX or GSSRX?

GSSRX has higher volatility (0.71%) compared to GEIIX (0.52%). In terms of maximum drawdown, GEIIX dropped -4.95% vs GSSRX's -9.03%.

Which has better risk-adjusted returns?

GEIIX currently has the higher Sharpe Ratio (2.75 vs 2.16), 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.