GGSIX vs. IGA

Last updated Aug 1, 2026

GGSIX (Goldman Sachs Growth Strategy Portfolio) and IGA (Voya Global Advantage and Premium Opportunity Fund) are both Global Allocation funds. Over the past 10 years, GGSIX returned 10.87%/yr vs 10.31%/yr for IGA. Their 0.66 correlation means they have sometimes moved together and sometimes differently. GGSIX charges 0.19%/yr vs 0.01%/yr for IGA.

Performance

GGSIX vs. IGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Growth Strategy Portfolio (GGSIX) and Voya Global Advantage and Premium Opportunity Fund (IGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGSIX achieves a 8.55% return, which is significantly lower than IGA's 10.64% return. Over the past 10 years, GGSIX has outperformed IGA with an annualized return of 10.87%, while IGA has yielded a comparatively lower 10.31% annualized return.

GGSIX

• 1D: 1.81%
• 1M: -0.59%
• 6M: 5.68%
• YTD: 8.55%
• 1Y: 20.12%
• 3Y*: 16.93%
• 5Y*: 9.39%
• 10Y*: 10.87%
• ALL TIME*: 7.00%

IGA

• 1D: 0.39%
• 1M: 3.44%
• 6M: 8.19%
• YTD: 10.64%
• 1Y: 18.90%
• 3Y*: 18.76%
• 5Y*: 11.42%
• 10Y*: 10.31%
• ALL TIME*: 7.15%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GGSIX Goldman Sachs Growth Strategy Portfolio	$0.00	$0.00	$0.00
IGA Voya Global Advantage and Premium Opportunity Fund	$653.29K	$591.39K	$505.53K

GGSIX vs. IGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GGSIX Goldman Sachs Growth Strategy Portfolio	8.55%	19.29%	19.26%	17.83%	-16.86%	17.04%	14.34%	24.92%	-10.65%	21.54%
IGA Voya Global Advantage and Premium Opportunity Fund	10.64%	18.32%	21.06%	7.55%	-8.33%	28.35%	-8.03%	23.40%	-12.35%	26.19%

Correlation

The correlation between GGSIX and IGA is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.56
Correlation (5Y) Shows whether the relationship held over a longer period.	0.66
Correlation (10Y) Provides a long-term view across more market conditions.	0.65
Correlation (All Time) Calculated using the full available price history since Oct 27, 2005	0.66

The correlation between GGSIX and IGA shifts across timeframes, from 0.56 (3 years) to 0.66 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GGSIX vs. IGA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GGSIX

GGSIX Risk / Return Rank: 67
GGSIX Sharpe Ratio Rank: 66
GGSIX Sortino Ratio Rank: 64
GGSIX Omega Ratio Rank: 66
GGSIX Calmar Ratio Rank: 66
GGSIX Martin Ratio Rank: 75

IGA

IGA Risk / Return Rank: 79
IGA Sharpe Ratio Rank: 81
IGA Sortino Ratio Rank: 80
IGA Omega Ratio Rank: 78
IGA Calmar Ratio Rank: 80
IGA Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GGSIX vs. IGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Growth Strategy Portfolio (GGSIX) and Voya Global Advantage and Premium Opportunity Fund (IGA). 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.

	GGSIX	IGA	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.94	-0.38
Sortino ratio: Return per unit of downside risk	2.20	2.79	-0.60
Omega ratio: Gain probability vs. loss probability	1.29	1.35	-0.07
Calmar ratio: Return relative to maximum drawdown	2.16	2.67	-0.51
Martin ratio: Return relative to average drawdown	9.08	9.72	-0.64

GGSIX vs. IGA - Sharpe Ratio Comparison

The current GGSIX Sharpe Ratio is 1.56, which is comparable to the IGA Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of GGSIX and IGA, 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

GGSIX vs. IGA - Drawdown Comparison

The maximum GGSIX drawdown since its inception was -52.85%, smaller than the maximum IGA drawdown of -57.16%. Use the drawdown chart below to compare losses from any high point for GGSIX and IGA.

Drawdown Indicators

	GGSIX	IGA	Difference
Max Drawdown Largest peak-to-trough decline	-52.85%	-57.16%	+4.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	-6.95%	-1.76%
Max Drawdown (3Y) Largest decline over 3 years	-14.78%	-11.22%	-3.56%
Max Drawdown (5Y) Largest decline over 5 years	-26.74%	-16.98%	-9.76%
Max Drawdown (10Y) Largest decline over 10 years	-30.36%	-41.68%	+11.32%
Current Drawdown Current decline from peak	-1.74%	0.00%	-1.74%
Average Drawdown Average peak-to-trough decline	-9.16%	-8.00%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.90%	+0.16%

Volatility

GGSIX vs. IGA - Volatility Comparison

Goldman Sachs Growth Strategy Portfolio (GGSIX) has a higher volatility of 3.55% compared to Voya Global Advantage and Premium Opportunity Fund (IGA) at 1.94%. This indicates that GGSIX's price experiences larger fluctuations and is considered to be riskier than IGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGSIX	IGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	1.94%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	9.96%	7.75%	+2.21%
Volatility (1Y) Calculated over the trailing 1-year period	12.03%	9.56%	+2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.59%	13.85%	-0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.30%	16.24%	-1.94%

GGSIX vs. IGA - Expense Ratio Comparison

GGSIX has a 0.19% expense ratio, which is higher than IGA's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GGSIX vs. IGA - Dividend Comparison

GGSIX's dividend yield for the trailing twelve months is around 10.94%, more than IGA's 10.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGSIX Goldman Sachs Growth Strategy Portfolio	10.94%	11.87%	12.21%	1.73%	5.76%	6.57%	3.47%	5.77%	3.02%	2.77%	1.35%	2.03%
IGA Voya Global Advantage and Premium Opportunity Fund	9.99%	11.37%	11.38%	9.25%	9.06%	7.60%	9.01%	8.05%	9.78%	7.87%	10.83%	10.72%

Frequently Asked Questions

Can I hold both GGSIX and IGA in my portfolio?

GGSIX and IGA have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGSIX or IGA?

GGSIX has higher volatility (3.55%) compared to IGA (1.94%). In terms of maximum drawdown, GGSIX dropped -52.85% vs IGA's -57.16%.

Which has better risk-adjusted returns?

IGA currently has the higher Sharpe Ratio (1.94 vs 1.56), 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.