GIMMX vs. VOO
Compare and contrast key facts about Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) and Vanguard S&P 500 ETF (VOO).
GIMMX is managed by Goldman Sachs. It was launched on Apr 29, 2013. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GIMMX or VOO.
Correlation
The correlation between GIMMX and VOO is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GIMMX vs. VOO - Performance Comparison
Key characteristics
GIMMX:
0.07
VOO:
1.88
GIMMX:
0.17
VOO:
2.53
GIMMX:
1.03
VOO:
1.35
GIMMX:
0.06
VOO:
2.81
GIMMX:
0.19
VOO:
11.78
GIMMX:
3.76%
VOO:
2.02%
GIMMX:
9.40%
VOO:
12.67%
GIMMX:
-12.95%
VOO:
-33.99%
GIMMX:
-6.08%
VOO:
0.00%
Returns By Period
In the year-to-date period, GIMMX achieves a 2.06% return, which is significantly lower than VOO's 4.61% return. Over the past 10 years, GIMMX has underperformed VOO with an annualized return of 0.67%, while VOO has yielded a comparatively higher 13.30% annualized return.
GIMMX
2.06%
1.37%
3.47%
0.61%
0.87%
0.67%
VOO
4.61%
2.59%
10.08%
25.10%
14.79%
13.30%
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GIMMX vs. VOO - Expense Ratio Comparison
GIMMX has a 1.93% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
GIMMX vs. VOO — Risk-Adjusted Performance Rank
GIMMX
VOO
GIMMX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
GIMMX vs. VOO - Dividend Comparison
GIMMX's dividend yield for the trailing twelve months is around 4.99%, more than VOO's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIMMX Goldman Sachs Multi-Manager Alternatives Fund | 4.99% | 5.09% | 3.43% | 0.42% | 0.00% | 0.00% | 0.98% | 0.00% | 0.00% | 1.83% | 0.27% | 0.58% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
GIMMX vs. VOO - Drawdown Comparison
The maximum GIMMX drawdown since its inception was -12.95%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GIMMX and VOO. For additional features, visit the drawdowns tool.
Volatility
GIMMX vs. VOO - Volatility Comparison
The current volatility for Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) is 1.34%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.01%. This indicates that GIMMX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.