GHYIX vs. GSBFX
Compare and contrast key facts about Goldman Sachs High Yield Municipal Fund Institutional Class (GHYIX) and Goldman Sachs Income Builder Fund (GSBFX).
GHYIX is managed by Goldman Sachs. It was launched on Apr 3, 2000. GSBFX is managed by Goldman Sachs. It was launched on Oct 11, 1994.
Performance
GHYIX vs. GSBFX - Performance Comparison
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GHYIX vs. GSBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHYIX Goldman Sachs High Yield Municipal Fund Institutional Class | -0.69% | 3.92% | 5.74% | 7.34% | -14.79% | 5.79% | 4.96% | 11.47% | 4.97% | 9.33% |
GSBFX Goldman Sachs Income Builder Fund | -0.56% | 10.42% | 9.32% | 9.64% | -9.53% | 10.50% | 9.53% | 19.38% | -4.92% | 7.94% |
Returns By Period
In the year-to-date period, GHYIX achieves a -0.69% return, which is significantly lower than GSBFX's -0.56% return. Over the past 10 years, GHYIX has underperformed GSBFX with an annualized return of 3.64%, while GSBFX has yielded a comparatively higher 6.69% annualized return.
GHYIX
- 1D
- 0.22%
- 1M
- -2.83%
- YTD
- -0.69%
- 6M
- 0.59%
- 1Y
- 2.17%
- 3Y*
- 4.34%
- 5Y*
- 0.80%
- 10Y*
- 3.64%
GSBFX
- 1D
- 0.20%
- 1M
- -4.25%
- YTD
- -0.56%
- 6M
- 1.15%
- 1Y
- 9.11%
- 3Y*
- 8.84%
- 5Y*
- 5.15%
- 10Y*
- 6.69%
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GHYIX vs. GSBFX - Expense Ratio Comparison
GHYIX has a 0.54% expense ratio, which is lower than GSBFX's 0.79% expense ratio.
Return for Risk
GHYIX vs. GSBFX — Risk / Return Rank
GHYIX
GSBFX
GHYIX vs. GSBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs High Yield Municipal Fund Institutional Class (GHYIX) and Goldman Sachs Income Builder Fund (GSBFX). 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.
| GHYIX | GSBFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | 1.28 | -0.78 |
Sortino ratioReturn per unit of downside risk | 0.70 | 1.74 | -1.04 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.27 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.49 | 1.32 | -0.83 |
Martin ratioReturn relative to average drawdown | 1.33 | 6.14 | -4.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GHYIX | GSBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 1.28 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.70 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.84 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.69 | +0.29 |
Correlation
The correlation between GHYIX and GSBFX is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GHYIX vs. GSBFX - Dividend Comparison
GHYIX's dividend yield for the trailing twelve months is around 4.71%, less than GSBFX's 5.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHYIX Goldman Sachs High Yield Municipal Fund Institutional Class | 4.71% | 6.12% | 4.38% | 3.56% | 3.04% | 3.06% | 3.44% | 4.03% | 4.12% | 4.36% | 4.81% | 4.88% |
GSBFX Goldman Sachs Income Builder Fund | 5.39% | 4.39% | 5.12% | 3.41% | 4.10% | 6.66% | 3.05% | 3.52% | 3.98% | 3.52% | 3.78% | 3.93% |
Drawdowns
GHYIX vs. GSBFX - Drawdown Comparison
The maximum GHYIX drawdown since its inception was -35.88%, roughly equal to the maximum GSBFX drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for GHYIX and GSBFX.
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Drawdown Indicators
| GHYIX | GSBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.88% | -37.04% | +1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.36% | -6.41% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -19.82% | -15.94% | -3.88% |
Max Drawdown (10Y)Largest decline over 10 years | -19.82% | -23.42% | +3.60% |
Current DrawdownCurrent decline from peak | -2.83% | -4.25% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -4.20% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 1.37% | +0.94% |
Volatility
GHYIX vs. GSBFX - Volatility Comparison
The current volatility for Goldman Sachs High Yield Municipal Fund Institutional Class (GHYIX) is 1.21%, while Goldman Sachs Income Builder Fund (GSBFX) has a volatility of 2.36%. This indicates that GHYIX experiences smaller price fluctuations and is considered to be less risky than GSBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHYIX | GSBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 2.36% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 4.02% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.51% | 7.47% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.30% | 7.36% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 7.96% | -2.59% |