Correlation
The correlation between GIPIX and FFRHX 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.
GIPIX vs. FFRHX
Compare and contrast key facts about Goldman Sachs Balanced Strategy Portfolio (GIPIX) and Fidelity Floating Rate High Income Fund (FFRHX).
GIPIX is managed by Goldman Sachs. It was launched on Jan 1, 1998. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GIPIX or FFRHX.
Performance
GIPIX vs. FFRHX - Performance Comparison
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Key characteristics
GIPIX:
0.93
FFRHX:
1.98
GIPIX:
1.21
FFRHX:
2.82
GIPIX:
1.17
FFRHX:
1.66
GIPIX:
0.89
FFRHX:
1.70
GIPIX:
3.69
FFRHX:
8.23
GIPIX:
1.98%
FFRHX:
0.68%
GIPIX:
8.63%
FFRHX:
3.22%
GIPIX:
-29.51%
FFRHX:
-22.19%
GIPIX:
-0.37%
FFRHX:
0.00%
Returns By Period
In the year-to-date period, GIPIX achieves a 2.41% return, which is significantly higher than FFRHX's 0.77% return. Both investments have delivered pretty close results over the past 10 years, with GIPIX having a 4.80% annualized return and FFRHX not far behind at 4.63%.
GIPIX
2.41%
2.18%
0.34%
7.94%
5.75%
5.63%
4.80%
FFRHX
0.77%
1.11%
1.77%
6.42%
7.98%
7.06%
4.63%
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GIPIX vs. FFRHX - Expense Ratio Comparison
GIPIX has a 0.19% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
GIPIX vs. FFRHX — Risk-Adjusted Performance Rank
GIPIX
FFRHX
GIPIX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Balanced Strategy Portfolio (GIPIX) and Fidelity Floating Rate High Income Fund (FFRHX). 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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Dividends
GIPIX vs. FFRHX - Dividend Comparison
GIPIX's dividend yield for the trailing twelve months is around 4.48%, less than FFRHX's 8.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIPIX Goldman Sachs Balanced Strategy Portfolio | 4.48% | 4.06% | 2.12% | 5.45% | 6.36% | 2.25% | 2.52% | 4.70% | 4.51% | 1.46% | 5.64% | 3.21% |
FFRHX Fidelity Floating Rate High Income Fund | 8.03% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.05% | 3.94% | 4.25% | 4.00% |
Drawdowns
GIPIX vs. FFRHX - Drawdown Comparison
The maximum GIPIX drawdown since its inception was -29.51%, which is greater than FFRHX's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for GIPIX and FFRHX.
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Volatility
GIPIX vs. FFRHX - Volatility Comparison
Goldman Sachs Balanced Strategy Portfolio (GIPIX) has a higher volatility of 1.79% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.63%. This indicates that GIPIX's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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