GGSIX vs. PRWAX

Last updated Jun 23, 2026

GGSIX (Goldman Sachs Growth Strategy Portfolio) and PRWAX (T. Rowe Price All-Cap Opportunities Fund) are both mutual funds - GGSIX is a Global Allocation fund managed by Goldman Sachs, while PRWAX is a Large Cap Growth Equities fund actively managed by T. Rowe Price. Over the past 10 years, GGSIX returned 11.42%/yr vs 17.60%/yr for PRWAX. Their correlation of 0.88 suggests significant overlap in exposure. GGSIX charges 0.19%/yr vs 0.76%/yr for PRWAX.

Performance

GGSIX vs. PRWAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Growth Strategy Portfolio (GGSIX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGSIX achieves a 10.13% return, which is significantly higher than PRWAX's 0.66% return. Over the past 10 years, GGSIX has underperformed PRWAX with an annualized return of 11.42%, while PRWAX has yielded a comparatively higher 17.60% annualized return.

GGSIX

• 1D: 1.13%
• 1M: 1.78%
• YTD: 10.13%
• 6M: 9.97%
• 1Y: 25.75%
• 3Y*: 18.61%
• 5Y*: 10.39%
• 10Y*: 11.42%

PRWAX

• 1D: 1.44%
• 1M: 1.82%
• YTD: 0.66%
• 6M: -0.19%
• 1Y: 14.17%
• 3Y*: 17.66%
• 5Y*: 9.83%
• 10Y*: 17.60%

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

GGSIX vs. PRWAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GGSIX Goldman Sachs Growth Strategy Portfolio	10.13%	19.29%	19.26%	17.83%	-16.86%	17.04%	14.34%	24.92%	-10.65%	21.54%
PRWAX T. Rowe Price All-Cap Opportunities Fund	0.66%	16.37%	25.24%	29.02%	-21.37%	20.63%	44.73%	35.08%	1.26%	34.51%

Correlation

The correlation between GGSIX and PRWAX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998	0.88

The correlation between GGSIX and PRWAX has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

Return for Risk

GGSIX vs. PRWAX — Risk / Return Rank

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

GGSIX

GGSIX Risk / Return Rank: 66
GGSIX Sharpe Ratio Rank: 68
GGSIX Sortino Ratio Rank: 64
GGSIX Omega Ratio Rank: 65
GGSIX Calmar Ratio Rank: 64
GGSIX Martin Ratio Rank: 71

PRWAX

PRWAX Risk / Return Rank: 13
PRWAX Sharpe Ratio Rank: 15
PRWAX Sortino Ratio Rank: 14
PRWAX Omega Ratio Rank: 15
PRWAX Calmar Ratio Rank: 11
PRWAX Martin Ratio Rank: 13

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.

GGSIX vs. PRWAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Growth Strategy Portfolio (GGSIX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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	PRWAX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.00	+1.21
Sortino ratio: Return per unit of downside risk	3.04	1.46	+1.58
Omega ratio: Gain probability vs. loss probability	1.41	1.19	+0.22
Calmar ratio: Return relative to maximum drawdown	2.94	1.00	+1.95
Martin ratio: Return relative to average drawdown	12.81	3.45	+9.36

GGSIX vs. PRWAX - Sharpe Ratio Comparison

The current GGSIX Sharpe Ratio is 2.21, which is higher than the PRWAX Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of GGSIX and PRWAX, 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. PRWAX - Drawdown Comparison

The maximum GGSIX drawdown since its inception was -52.85%, roughly equal to the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for GGSIX and PRWAX.

Drawdown Indicators

	GGSIX	PRWAX	Difference
Max Drawdown Largest peak-to-trough decline	-52.85%	-55.06%	+2.21%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	-14.09%	+5.38%
Max Drawdown (3Y) Largest decline over 3 years	-14.78%	-19.06%	+4.28%
Max Drawdown (5Y) Largest decline over 5 years	-26.74%	-29.38%	+2.64%
Max Drawdown (10Y) Largest decline over 10 years	-30.36%	-30.50%	+0.14%
Current Drawdown Current decline from peak	-0.31%	-1.32%	+1.01%
Average Drawdown Average peak-to-trough decline	-9.19%	-9.89%	+0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	4.06%	-2.07%

Volatility

GGSIX vs. PRWAX - Volatility Comparison

The current volatility for Goldman Sachs Growth Strategy Portfolio (GGSIX) is 4.67%, while T. Rowe Price All-Cap Opportunities Fund (PRWAX) has a volatility of 5.44%. This indicates that GGSIX experiences smaller price fluctuations and is considered to be less risky than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGSIX	PRWAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	5.44%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	11.62%	-2.04%
Volatility (1Y) Calculated over the trailing 1-year period	11.59%	14.05%	-2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	17.72%	-4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.37%	18.77%	-4.40%

GGSIX vs. PRWAX - Expense Ratio Comparison

GGSIX has a 0.19% expense ratio, which is lower than PRWAX's 0.76% expense ratio.

Dividends

GGSIX vs. PRWAX - Dividend Comparison

GGSIX's dividend yield for the trailing twelve months is around 10.78%, more than PRWAX's 8.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGSIX Goldman Sachs Growth Strategy Portfolio	10.78%	11.87%	12.21%	1.73%	5.76%	6.57%	3.47%	5.77%	3.02%	2.77%	1.35%	2.03%
PRWAX T. Rowe Price All-Cap Opportunities Fund	8.29%	8.35%	9.22%	5.10%	3.11%	20.51%	15.44%	7.01%	12.58%	12.30%	6.19%	8.84%

Frequently Asked Questions

Can I hold both GGSIX and PRWAX in my portfolio?

GGSIX and PRWAX have a correlation of 0.89, 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 PRWAX?

PRWAX has higher volatility (5.44%) compared to GGSIX (4.67%). In terms of maximum drawdown, GGSIX dropped -52.85% vs PRWAX's -55.06%.

Which has better risk-adjusted returns?

GGSIX currently has the higher Sharpe Ratio (2.21 vs 1.00), 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.