GLBIX vs. GGSIX

Last updated Jun 3, 2026

GLBIX (Leuthold Global Fund) and GGSIX (Goldman Sachs Growth Strategy Portfolio) are both Global Allocation funds. Over the past 10 years, GLBIX returned 6.42%/yr vs 11.33%/yr for GGSIX. Their correlation of 0.89 suggests significant overlap in exposure. GLBIX charges 1.57%/yr vs 0.19%/yr for GGSIX.

Performance

GLBIX vs. GGSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leuthold Global Fund (GLBIX) and Goldman Sachs Growth Strategy Portfolio (GGSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLBIX achieves a 12.18% return, which is significantly higher than GGSIX's 10.13% return. Over the past 10 years, GLBIX has underperformed GGSIX with an annualized return of 6.42%, while GGSIX has yielded a comparatively higher 11.33% annualized return.

GLBIX

• 1D: 0.19%
• 1M: 2.72%
• YTD: 12.18%
• 6M: 14.15%
• 1Y: 22.60%
• 3Y*: 12.70%
• 5Y*: 6.49%
• 10Y*: 6.42%

GGSIX

• 1D: 0.27%
• 1M: 4.16%
• YTD: 10.13%
• 6M: 11.37%
• 1Y: 25.68%
• 3Y*: 19.62%
• 5Y*: 10.12%
• 10Y*: 11.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLBIX vs. GGSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLBIX Leuthold Global Fund	12.18%	17.72%	1.08%	8.32%	-7.91%	15.01%	7.52%	9.36%	-12.85%	16.84%
GGSIX Goldman Sachs Growth Strategy Portfolio	10.13%	19.29%	19.26%	17.83%	-16.86%	17.04%	14.34%	24.92%	-10.65%	21.54%

Correlation

The correlation between GLBIX and GGSIX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 5, 2009	0.89

The correlation between GLBIX and GGSIX has been stable across timeframes, ranging from 0.79 to 0.89 - a consistent structural relationship.

Return for Risk

GLBIX vs. GGSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLBIX

GLBIX Risk / Return Rank: 80
GLBIX Sharpe Ratio Rank: 85
GLBIX Sortino Ratio Rank: 85
GLBIX Omega Ratio Rank: 81
GLBIX Calmar Ratio Rank: 80
GLBIX Martin Ratio Rank: 66

GGSIX

GGSIX Risk / Return Rank: 66
GGSIX Sharpe Ratio Rank: 70
GGSIX Sortino Ratio Rank: 65
GGSIX Omega Ratio Rank: 65
GGSIX Calmar Ratio Rank: 60
GGSIX Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLBIX vs. GGSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leuthold Global Fund (GLBIX) and Goldman Sachs Growth Strategy Portfolio (GGSIX). 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.

	GLBIX	GGSIX	Difference
Sharpe ratio Return per unit of total volatility	2.75	2.44	+0.31
Sortino ratio Return per unit of downside risk	4.03	3.38	+0.65
Omega ratio Gain probability vs. loss probability	1.53	1.45	+0.08
Calmar ratio Return relative to maximum drawdown	3.64	2.99	+0.65
Martin ratio Return relative to average drawdown	12.94	13.37	-0.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLBIX vs. GGSIX - Sharpe Ratio Comparison

The current GLBIX Sharpe Ratio is 2.75, which is comparable to the GGSIX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of GLBIX and GGSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GLBIX	GGSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	2.44	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.76	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.79	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.47	+0.27

Drawdowns

GLBIX vs. GGSIX - Drawdown Comparison

The maximum GLBIX drawdown since its inception was -26.82%, smaller than the maximum GGSIX drawdown of -52.85%. Use the drawdown chart below to compare losses from any high point for GLBIX and GGSIX.

Drawdown Indicators

	GLBIX	GGSIX	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-52.85%	+26.03%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-8.71%	+2.32%
Max Drawdown (3Y) Largest decline over 3 years	-6.39%	-14.78%	+8.39%
Max Drawdown (5Y) Largest decline over 5 years	-16.14%	-26.74%	+10.60%
Max Drawdown (10Y) Largest decline over 10 years	-26.82%	-30.36%	+3.54%
Current Drawdown Current decline from peak	-0.47%	0.00%	-0.47%
Average Drawdown Average peak-to-trough decline	-4.87%	-9.20%	+4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	1.95%	-0.15%

Volatility

GLBIX vs. GGSIX - Volatility Comparison

The current volatility for Leuthold Global Fund (GLBIX) is 2.69%, while Goldman Sachs Growth Strategy Portfolio (GGSIX) has a volatility of 3.22%. This indicates that GLBIX experiences smaller price fluctuations and is considered to be less risky than GGSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLBIX	GGSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	3.22%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	6.91%	8.73%	-1.82%
Volatility (1Y) Calculated over the trailing 1-year period	8.40%	10.94%	-2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.04%	13.43%	-4.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.61%	14.33%	-4.72%

GLBIX vs. GGSIX - Expense Ratio Comparison

GLBIX has a 1.57% expense ratio, which is higher than GGSIX's 0.19% expense ratio.

Dividends

GLBIX vs. GGSIX - Dividend Comparison

GLBIX's dividend yield for the trailing twelve months is around 8.66%, less than GGSIX's 10.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGSIX Goldman Sachs Growth Strategy Portfolio	10.78%	11.87%	12.21%	1.73%	5.76%	6.57%	3.47%	5.77%	3.02%	2.77%	1.35%	2.03%
GLBIX Leuthold Global Fund	8.66%	9.71%	8.31%	2.52%	5.18%	1.89%	0.25%	1.04%	8.48%	9.31%	9.66%	3.75%

Frequently Asked Questions

Can I hold both GLBIX and GGSIX in my portfolio?

GLBIX and GGSIX 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.

Which is riskier, GLBIX or GGSIX?

GGSIX has higher volatility (3.22%) compared to GLBIX (2.69%). In terms of maximum drawdown, GLBIX dropped -26.82% vs GGSIX's -52.85%.

Which has better risk-adjusted returns?

GLBIX currently has the higher Sharpe Ratio (2.75 vs 2.44), 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.