GIMMX vs. GSPKX
GIMMX (Goldman Sachs Multi-Manager Alternatives Fund) and GSPKX (Goldman Sachs U.S. Equity Dividend and Premium Fund) are both mutual funds - GIMMX is a Multistrategy fund managed by Goldman Sachs, while GSPKX is a Large Cap Blend Equities fund managed by Goldman Sachs. Over the past 10 years, GIMMX returned 3.12%/yr vs 12.64%/yr for GSPKX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. GIMMX charges 1.93%/yr vs 0.71%/yr for GSPKX.
Performance
GIMMX vs. GSPKX - Performance Comparison
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Returns By Period
In the year-to-date period, GIMMX achieves a 6.00% return, which is significantly lower than GSPKX's 10.37% return. Over the past 10 years, GIMMX has underperformed GSPKX with an annualized return of 3.12%, while GSPKX has yielded a comparatively higher 12.64% annualized return.
GIMMX
- 1D
- 0.53%
- 1M
- 0.26%
- 6M
- 3.33%
- YTD
- 6.00%
- 1Y
- 14.81%
- 3Y*
- 6.67%
- 5Y*
- 2.97%
- 10Y*
- 3.12%
- ALL TIME*
- 2.55%
GSPKX
- 1D
- 1.32%
- 1M
- -0.10%
- 6M
- 8.75%
- YTD
- 10.37%
- 1Y
- 20.25%
- 3Y*
- 18.84%
- 5Y*
- 12.38%
- 10Y*
- 12.64%
- ALL TIME*
- 9.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GIMMX vs. GSPKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIMMX Goldman Sachs Multi-Manager Alternatives Fund | 6.00% | 15.44% | -4.85% | 2.78% | -4.72% | 6.14% | 6.45% | 7.60% | -3.51% | -0.19% |
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund | 10.37% | 13.60% | 29.55% | 21.39% | -15.20% | 22.79% | 14.15% | 25.11% | -6.29% | 15.32% |
Correlation
The correlation between GIMMX and GSPKX is 0.79, 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. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.58 |
Over the past year, GIMMX and GSPKX have become more correlated (0.79) than their long-term average of 0.58, meaning their price movements have been converging.
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Return for Risk
GIMMX vs. GSPKX — Risk / Return Rank
GIMMX
GSPKX
GIMMX vs. GSPKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) and Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX). 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.
| GIMMX | GSPKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.37 | +0.77 |
| Martin ratioReturn relative to average drawdown | 9.21 | 11.61 | -2.40 |
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Drawdowns
GIMMX vs. GSPKX - Drawdown Comparison
The maximum GIMMX drawdown since its inception was -12.67%, smaller than the maximum GSPKX drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for GIMMX and GSPKX.
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Drawdown Indicators
| GIMMX | GSPKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.67% | -51.90% | +39.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -7.83% | +3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -10.74% | -20.51% | +9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -12.67% | -22.34% | +9.67% |
Max Drawdown (10Y)Largest decline over 10 years | -12.67% | -32.70% | +20.03% |
Current DrawdownCurrent decline from peak | -1.71% | -1.24% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -5.95% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.60% | -0.17% |
Volatility
GIMMX vs. GSPKX - Volatility Comparison
The current volatility for Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) is 1.45%, while Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) has a volatility of 2.76%. This indicates that GIMMX experiences smaller price fluctuations and is considered to be less risky than GSPKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIMMX | GSPKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 2.76% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 5.25% | 8.46% | -3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.55% | 10.54% | -1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 16.07% | -10.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 16.88% | -11.39% |
GIMMX vs. GSPKX - Expense Ratio Comparison
GIMMX has a 1.93% expense ratio, which is higher than GSPKX's 0.71% expense ratio.
Dividends
GIMMX vs. GSPKX - Dividend Comparison
GIMMX's dividend yield for the trailing twelve months is around 7.90%, more than GSPKX's 6.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIMMX Goldman Sachs Multi-Manager Alternatives Fund | 7.90% | 8.38% | 5.08% | 3.43% | 0.42% | 0.00% | 0.00% | 0.97% | 0.00% | 0.00% | 1.83% | 0.72% |
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund | 6.00% | 6.32% | 12.77% | 6.48% | 6.33% | 6.01% | 7.19% | 6.86% | 7.95% | 6.13% | 5.63% | 6.29% |
Frequently Asked Questions
GIMMX and GSPKX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSPKX has higher volatility (2.76%) compared to GIMMX (1.45%). In terms of maximum drawdown, GIMMX dropped -12.67% vs GSPKX's -51.90%.
GSPKX currently has the higher Sharpe Ratio (1.76 vs 1.54), 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.
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