Correlation
The correlation between GGOIX and SCHG is 0.89, 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.
GGOIX vs. SCHG
Compare and contrast key facts about Goldman Sachs Mid Cap Growth Fund (GGOIX) and Schwab U.S. Large-Cap Growth ETF (SCHG).
GGOIX is managed by Goldman Sachs. It was launched on May 24, 1999. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGOIX or SCHG.
Performance
GGOIX vs. SCHG - Performance Comparison
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Key characteristics
GGOIX:
0.96
SCHG:
0.68
GGOIX:
1.31
SCHG:
0.98
GGOIX:
1.18
SCHG:
1.13
GGOIX:
0.81
SCHG:
0.63
GGOIX:
2.53
SCHG:
2.07
GGOIX:
8.45%
SCHG:
7.13%
GGOIX:
24.78%
SCHG:
25.37%
GGOIX:
-54.80%
SCHG:
-34.59%
GGOIX:
-5.67%
SCHG:
-5.20%
Returns By Period
In the year-to-date period, GGOIX achieves a 3.86% return, which is significantly higher than SCHG's -1.01% return. Over the past 10 years, GGOIX has underperformed SCHG with an annualized return of 10.45%, while SCHG has yielded a comparatively higher 15.84% annualized return.
GGOIX
3.86%
9.86%
-3.61%
23.51%
14.94%
10.69%
10.45%
SCHG
-1.01%
8.42%
-0.61%
17.19%
21.07%
18.23%
15.84%
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GGOIX vs. SCHG - Expense Ratio Comparison
GGOIX has a 0.90% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
GGOIX vs. SCHG — Risk-Adjusted Performance Rank
GGOIX
SCHG
GGOIX vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Mid Cap Growth Fund (GGOIX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.
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Dividends
GGOIX vs. SCHG - Dividend Comparison
GGOIX's dividend yield for the trailing twelve months is around 8.70%, more than SCHG's 0.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGOIX Goldman Sachs Mid Cap Growth Fund | 8.70% | 9.04% | 0.00% | 6.22% | 13.58% | 17.16% | 26.17% | 32.56% | 18.47% | 2.37% | 11.98% | 22.20% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.41% | 0.40% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% |
Drawdowns
GGOIX vs. SCHG - Drawdown Comparison
The maximum GGOIX drawdown since its inception was -54.80%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for GGOIX and SCHG.
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Volatility
GGOIX vs. SCHG - Volatility Comparison
Goldman Sachs Mid Cap Growth Fund (GGOIX) and Schwab U.S. Large-Cap Growth ETF (SCHG) have volatilities of 5.93% and 5.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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