GITIX vs. ^GSPC
Compare and contrast key facts about Goldman Sachs Technology Opportunities Fund (GITIX) and S&P 500 (^GSPC).
GITIX is managed by Goldman Sachs. It was launched on Sep 30, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GITIX or ^GSPC.
Correlation
The correlation between GITIX and ^GSPC is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GITIX vs. ^GSPC - Performance Comparison
Key characteristics
GITIX:
1.22
^GSPC:
1.62
GITIX:
1.67
^GSPC:
2.20
GITIX:
1.23
^GSPC:
1.30
GITIX:
0.85
^GSPC:
2.46
GITIX:
6.05
^GSPC:
10.01
GITIX:
4.30%
^GSPC:
2.08%
GITIX:
21.30%
^GSPC:
12.88%
GITIX:
-83.29%
^GSPC:
-56.78%
GITIX:
-9.70%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, GITIX achieves a 6.32% return, which is significantly higher than ^GSPC's 2.24% return. Over the past 10 years, GITIX has underperformed ^GSPC with an annualized return of 6.77%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
GITIX
6.32%
0.63%
14.57%
22.87%
7.24%
6.77%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
GITIX vs. ^GSPC — Risk-Adjusted Performance Rank
GITIX
^GSPC
GITIX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Technology Opportunities Fund (GITIX) 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.
Drawdowns
GITIX vs. ^GSPC - Drawdown Comparison
The maximum GITIX drawdown since its inception was -83.29%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GITIX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
GITIX vs. ^GSPC - Volatility Comparison
Goldman Sachs Technology Opportunities Fund (GITIX) has a higher volatility of 6.06% compared to S&P 500 (^GSPC) at 3.43%. This indicates that GITIX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.