GIGB vs. ^GSPC
Compare and contrast key facts about Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and S&P 500 (^GSPC).
GIGB is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Investment Grade Corporate Bond Index. It was launched on Jun 6, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GIGB or ^GSPC.
Correlation
The correlation between GIGB and ^GSPC is 0.21, 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.
Performance
GIGB vs. ^GSPC - Performance Comparison
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Key characteristics
GIGB:
0.75
^GSPC:
0.44
GIGB:
1.10
^GSPC:
0.79
GIGB:
1.14
^GSPC:
1.12
GIGB:
0.39
^GSPC:
0.48
GIGB:
2.22
^GSPC:
1.85
GIGB:
2.11%
^GSPC:
4.92%
GIGB:
6.24%
^GSPC:
19.37%
GIGB:
-22.25%
^GSPC:
-56.78%
GIGB:
-7.12%
^GSPC:
-7.88%
Returns By Period
In the year-to-date period, GIGB achieves a 1.47% return, which is significantly higher than ^GSPC's -3.77% return.
GIGB
1.47%
1.61%
-0.11%
4.97%
0.46%
N/A
^GSPC
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
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Risk-Adjusted Performance
GIGB vs. ^GSPC — Risk-Adjusted Performance Rank
GIGB
^GSPC
GIGB vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and S&P 500 (^GSPC). 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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Drawdowns
GIGB vs. ^GSPC - Drawdown Comparison
The maximum GIGB drawdown since its inception was -22.25%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GIGB and ^GSPC. For additional features, visit the drawdowns tool.
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Volatility
GIGB vs. ^GSPC - Volatility Comparison
The current volatility for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is 2.45%, while S&P 500 (^GSPC) has a volatility of 6.82%. This indicates that GIGB experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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