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GGOIX vs. FSMAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

GGOIX vs. FSMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Mid Cap Growth Fund (GGOIX) and Fidelity Extended Market Index Fund (FSMAX). The values are adjusted to include any dividend payments, if applicable.

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GGOIX vs. FSMAX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
GGOIX
Goldman Sachs Mid Cap Growth Fund
-6.71%7.55%31.58%19.20%-26.37%11.40%44.78%34.92%-5.04%27.13%
FSMAX
Fidelity Extended Market Index Fund
-4.54%11.40%16.99%25.36%-26.44%12.41%32.28%28.01%-9.44%18.04%

Returns By Period

In the year-to-date period, GGOIX achieves a -6.71% return, which is significantly lower than FSMAX's -4.54% return. Over the past 10 years, GGOIX has outperformed FSMAX with an annualized return of 11.97%, while FSMAX has yielded a comparatively lower 10.54% annualized return.


GGOIX

1D
-1.57%
1M
-10.71%
YTD
-6.71%
6M
-9.09%
1Y
10.41%
3Y*
13.90%
5Y*
5.33%
10Y*
11.97%

FSMAX

1D
-1.03%
1M
-7.76%
YTD
-4.54%
6M
-4.39%
1Y
16.77%
3Y*
13.78%
5Y*
3.66%
10Y*
10.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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GGOIX vs. FSMAX - Expense Ratio Comparison

GGOIX has a 0.90% expense ratio, which is higher than FSMAX's 0.04% expense ratio.


Return for Risk

GGOIX vs. FSMAX — Risk / Return Rank

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

GGOIX
GGOIX Risk / Return Rank: 1717
Overall Rank
GGOIX Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
GGOIX Sortino Ratio Rank: 1818
Sortino Ratio Rank
GGOIX Omega Ratio Rank: 1616
Omega Ratio Rank
GGOIX Calmar Ratio Rank: 1717
Calmar Ratio Rank
GGOIX Martin Ratio Rank: 1818
Martin Ratio Rank

FSMAX
FSMAX Risk / Return Rank: 3535
Overall Rank
FSMAX Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
FSMAX Sortino Ratio Rank: 3636
Sortino Ratio Rank
FSMAX Omega Ratio Rank: 3333
Omega Ratio Rank
FSMAX Calmar Ratio Rank: 3636
Calmar Ratio Rank
FSMAX Martin Ratio Rank: 3838
Martin Ratio Rank
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.

GGOIX vs. FSMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Mid Cap Growth Fund (GGOIX) and Fidelity Extended Market Index Fund (FSMAX). 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.


GGOIXFSMAXDifference

Sharpe ratio

Return per unit of total volatility

0.45

0.72

-0.27

Sortino ratio

Return per unit of downside risk

0.79

1.16

-0.36

Omega ratio

Gain probability vs. loss probability

1.10

1.16

-0.05

Calmar ratio

Return relative to maximum drawdown

0.50

0.95

-0.45

Martin ratio

Return relative to average drawdown

1.87

3.91

-2.03

GGOIX vs. FSMAX - Sharpe Ratio Comparison

The current GGOIX Sharpe Ratio is 0.45, which is lower than the FSMAX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of GGOIX and FSMAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


GGOIXFSMAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.45

0.72

-0.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.23

0.16

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.35

+0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.41

+0.01

Correlation

The correlation between GGOIX and FSMAX is 0.92, 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

GGOIX vs. FSMAX - Dividend Comparison

GGOIX's dividend yield for the trailing twelve months is around 14.93%, more than FSMAX's 0.60% yield.


TTM20252024202320222021202020192018201720162015
GGOIX
Goldman Sachs Mid Cap Growth Fund
14.93%13.93%18.08%0.00%6.22%13.58%17.16%26.17%32.56%18.47%2.38%11.98%
FSMAX
Fidelity Extended Market Index Fund
0.60%0.57%0.48%1.17%1.90%7.49%2.14%4.30%6.09%5.44%4.85%6.34%

Drawdowns

GGOIX vs. FSMAX - Drawdown Comparison

The maximum GGOIX drawdown since its inception was -54.80%, which is greater than FSMAX's maximum drawdown of -50.55%. Use the drawdown chart below to compare losses from any high point for GGOIX and FSMAX.


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Drawdown Indicators


GGOIXFSMAXDifference

Max Drawdown

Largest peak-to-trough decline

-54.80%

-50.55%

-4.25%

Max Drawdown (1Y)

Largest decline over 1 year

-12.97%

-14.64%

+1.67%

Max Drawdown (5Y)

Largest decline over 5 years

-38.94%

-36.31%

-2.63%

Max Drawdown (10Y)

Largest decline over 10 years

-38.94%

-50.55%

+11.61%

Current Drawdown

Current decline from peak

-11.72%

-10.26%

-1.46%

Average Drawdown

Average peak-to-trough decline

-9.85%

-12.29%

+2.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.44%

3.54%

-0.10%

Volatility

GGOIX vs. FSMAX - Volatility Comparison

Goldman Sachs Mid Cap Growth Fund (GGOIX) has a higher volatility of 6.78% compared to Fidelity Extended Market Index Fund (FSMAX) at 6.01%. This indicates that GGOIX's price experiences larger fluctuations and is considered to be riskier than FSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


GGOIXFSMAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.78%

6.01%

+0.77%

Volatility (6M)

Calculated over the trailing 6-month period

13.37%

13.07%

+0.30%

Volatility (1Y)

Calculated over the trailing 1-year period

22.48%

22.79%

-0.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.86%

22.32%

+0.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.87%

30.19%

-5.32%