GFRIX vs. SFHIX

Last updated Jun 23, 2026

GFRIX (Goldman Sachs High Yield Floating Rate Fund) and SFHIX (Shenkman Capital Floating Rate High Income Fund) are both Bank Loan funds. Over the past 10 years, GFRIX returned 4.29%/yr vs 26.09%/yr for SFHIX. A 0.58 correlation means they provide meaningful diversification when combined. GFRIX charges 0.75%/yr vs 0.54%/yr for SFHIX.

Performance

GFRIX vs. SFHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs High Yield Floating Rate Fund (GFRIX) and Shenkman Capital Floating Rate High Income Fund (SFHIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GFRIX achieves a 0.93% return, which is significantly lower than SFHIX's 1.47% return. Over the past 10 years, GFRIX has underperformed SFHIX with an annualized return of 4.29%, while SFHIX has yielded a comparatively higher 26.09% annualized return.

GFRIX

• 1D: 0.00%
• 1M: 0.22%
• YTD: 0.93%
• 6M: 1.40%
• 1Y: 3.90%
• 3Y*: 6.28%
• 5Y*: 4.19%
• 10Y*: 4.29%

SFHIX

• 1D: 0.00%
• 1M: 0.51%
• YTD: 1.47%
• 6M: 1.60%
• 1Y: 4.82%
• 3Y*: 7.16%
• 5Y*: 5.39%
• 10Y*: 26.09%

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

GFRIX vs. SFHIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GFRIX Goldman Sachs High Yield Floating Rate Fund	0.93%	4.07%	7.44%	10.49%	-3.02%	4.36%	2.52%	11.06%	-1.32%	3.43%
SFHIX Shenkman Capital Floating Rate High Income Fund	1.47%	5.70%	8.14%	11.50%	-0.95%	3.90%	1.77%	588.11%	0.53%	3.64%

Correlation

The correlation between GFRIX and SFHIX is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.58

The correlation between GFRIX and SFHIX shifts across timeframes, from 0.48 (3 years) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GFRIX vs. SFHIX — Risk / Return Rank

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

GFRIX

GFRIX Risk / Return Rank: 55
GFRIX Sharpe Ratio Rank: 34
GFRIX Sortino Ratio Rank: 76
GFRIX Omega Ratio Rank: 77
GFRIX Calmar Ratio Rank: 45
GFRIX Martin Ratio Rank: 41

SFHIX

SFHIX Risk / Return Rank: 71
SFHIX Sharpe Ratio Rank: 93
SFHIX Sortino Ratio Rank: 95
SFHIX Omega Ratio Rank: 96
SFHIX Calmar Ratio Rank: 36
SFHIX Martin Ratio Rank: 36

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.

GFRIX vs. SFHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs High Yield Floating Rate Fund (GFRIX) and Shenkman Capital Floating Rate High Income Fund (SFHIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GFRIX	SFHIX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.90	-1.33
Sortino ratio: Return per unit of downside risk	3.32	4.65	-1.33
Omega ratio: Gain probability vs. loss probability	1.46	1.84	-0.39
Calmar ratio: Return relative to maximum drawdown	2.43	2.15	+0.28
Martin ratio: Return relative to average drawdown	8.43	7.61	+0.83

GFRIX vs. SFHIX - Sharpe Ratio Comparison

The current GFRIX Sharpe Ratio is 1.57, which is lower than the SFHIX Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of GFRIX and SFHIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GFRIX vs. SFHIX - Drawdown Comparison

The maximum GFRIX drawdown since its inception was -23.14%, which is greater than SFHIX's maximum drawdown of -19.94%. Use the drawdown chart below to compare losses from any high point for GFRIX and SFHIX.

Drawdown Indicators

	GFRIX	SFHIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.14%	-19.94%	-3.20%
Max Drawdown (1Y) Largest decline over 1 year	-1.62%	-2.25%	+0.63%
Max Drawdown (3Y) Largest decline over 3 years	-3.42%	-2.25%	-1.17%
Max Drawdown (5Y) Largest decline over 5 years	-6.70%	-5.57%	-1.13%
Max Drawdown (10Y) Largest decline over 10 years	-23.14%	-19.94%	-3.20%
Current Drawdown Current decline from peak	-0.35%	0.00%	-0.35%
Average Drawdown Average peak-to-trough decline	-0.90%	-0.83%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.46%	0.63%	-0.17%

Volatility

GFRIX vs. SFHIX - Volatility Comparison

Goldman Sachs High Yield Floating Rate Fund (GFRIX) has a higher volatility of 0.67% compared to Shenkman Capital Floating Rate High Income Fund (SFHIX) at 0.47%. This indicates that GFRIX's price experiences larger fluctuations and is considered to be riskier than SFHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFRIX	SFHIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	0.47%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	1.78%	1.44%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	2.50%	1.67%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.86%	2.01%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.19%	46.67%	-42.48%

GFRIX vs. SFHIX - Expense Ratio Comparison

GFRIX has a 0.75% expense ratio, which is higher than SFHIX's 0.54% expense ratio.

Dividends

GFRIX vs. SFHIX - Dividend Comparison

GFRIX's dividend yield for the trailing twelve months is around 7.09%, less than SFHIX's 7.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GFRIX Goldman Sachs High Yield Floating Rate Fund	7.09%	7.15%	7.63%	7.13%	4.79%	3.41%	4.19%	6.77%	4.73%	4.00%	4.18%	4.12%
SFHIX Shenkman Capital Floating Rate High Income Fund	7.60%	7.61%	8.07%	8.06%	4.99%	3.20%	3.93%	142.83%	5.03%	4.00%	4.22%	4.58%

Frequently Asked Questions

Can I hold both GFRIX and SFHIX in my portfolio?

GFRIX and SFHIX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GFRIX or SFHIX?

GFRIX has higher volatility (0.67%) compared to SFHIX (0.47%). In terms of maximum drawdown, GFRIX dropped -23.14% vs SFHIX's -19.94%.

Which has better risk-adjusted returns?

SFHIX currently has the higher Sharpe Ratio (2.90 vs 1.57), 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.