GOIIX vs. GSPKX

Last updated Jun 4, 2026

GOIIX (Goldman Sachs Growth and Income Strategy Portfolio) and GSPKX (Goldman Sachs U.S. Equity Dividend and Premium Fund) are both mutual funds - GOIIX is a Tactical Allocation fund managed by Goldman Sachs, while GSPKX is a Large Cap Blend Equities fund managed by Goldman Sachs. Over the past 10 years, GOIIX returned 8.75%/yr vs 13.06%/yr for GSPKX. Their correlation of 0.91 suggests significant overlap in exposure. GOIIX charges 0.19%/yr vs 0.71%/yr for GSPKX.

Performance

GOIIX vs. GSPKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Growth and Income Strategy Portfolio (GOIIX) and Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOIIX achieves a 7.78% return, which is significantly lower than GSPKX's 10.45% return. Over the past 10 years, GOIIX has underperformed GSPKX with an annualized return of 8.75%, while GSPKX has yielded a comparatively higher 13.06% annualized return.

GOIIX

• 1D: 0.23%
• 1M: 3.82%
• YTD: 7.78%
• 6M: 8.46%
• 1Y: 20.18%
• 3Y*: 15.41%
• 5Y*: 7.66%
• 10Y*: 8.75%

GSPKX

• 1D: 0.10%
• 1M: 4.77%
• YTD: 10.45%
• 6M: 10.93%
• 1Y: 24.89%
• 3Y*: 20.93%
• 5Y*: 13.20%
• 10Y*: 13.06%

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

GOIIX vs. GSPKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOIIX Goldman Sachs Growth and Income Strategy Portfolio	7.78%	15.03%	14.81%	15.16%	-15.86%	12.65%	12.73%	19.16%	-8.63%	16.60%
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund	10.45%	13.60%	29.55%	21.39%	-15.20%	22.79%	14.15%	25.11%	-6.29%	15.32%

Correlation

The correlation between GOIIX and GSPKX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 4, 2006	0.91

The correlation between GOIIX and GSPKX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

GOIIX vs. GSPKX — Risk / Return Rank

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

GOIIX

GOIIX Risk / Return Rank: 63
GOIIX Sharpe Ratio Rank: 65
GOIIX Sortino Ratio Rank: 63
GOIIX Omega Ratio Rank: 63
GOIIX Calmar Ratio Rank: 56
GOIIX Martin Ratio Rank: 65

GSPKX

GSPKX Risk / Return Rank: 78
GSPKX Sharpe Ratio Rank: 80
GSPKX Sortino Ratio Rank: 74
GSPKX Omega Ratio Rank: 77
GSPKX Calmar Ratio Rank: 71
GSPKX Martin Ratio Rank: 86

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.

GOIIX vs. GSPKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Growth and Income Strategy Portfolio (GOIIX) 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.

	GOIIX	GSPKX	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.61	-0.24
Sortino ratio: Return per unit of downside risk	3.33	3.60	-0.27
Omega ratio: Gain probability vs. loss probability	1.44	1.50	-0.06
Calmar ratio: Return relative to maximum drawdown	2.87	3.27	-0.40
Martin ratio: Return relative to average drawdown	12.67	16.67	-4.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOIIX vs. GSPKX - Sharpe Ratio Comparison

The current GOIIX Sharpe Ratio is 2.37, which is comparable to the GSPKX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of GOIIX and GSPKX, 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

	GOIIX	GSPKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.61	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.83	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.78	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.54	+0.01

Drawdowns

GOIIX vs. GSPKX - Drawdown Comparison

The maximum GOIIX drawdown since its inception was -43.63%, smaller than the maximum GSPKX drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for GOIIX and GSPKX.

Drawdown Indicators

	GOIIX	GSPKX	Difference
Max Drawdown Largest peak-to-trough decline	-43.63%	-51.90%	+8.27%
Max Drawdown (1Y) Largest decline over 1 year	-7.17%	-7.83%	+0.66%
Max Drawdown (3Y) Largest decline over 3 years	-12.19%	-20.51%	+8.32%
Max Drawdown (5Y) Largest decline over 5 years	-23.78%	-22.34%	-1.44%
Max Drawdown (10Y) Largest decline over 10 years	-25.07%	-32.70%	+7.63%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.41%	-6.00%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.53%	+0.09%

Volatility

GOIIX vs. GSPKX - Volatility Comparison

Goldman Sachs Growth and Income Strategy Portfolio (GOIIX) has a higher volatility of 2.65% compared to Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) at 1.99%. This indicates that GOIIX's price experiences larger fluctuations and is considered to be riskier than GSPKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOIIX	GSPKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	1.99%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	6.99%	7.75%	-0.76%
Volatility (1Y) Calculated over the trailing 1-year period	8.69%	9.82%	-1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.65%	15.99%	-5.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.27%	16.90%	-5.63%

GOIIX vs. GSPKX - Expense Ratio Comparison

GOIIX has a 0.19% expense ratio, which is lower than GSPKX's 0.71% expense ratio.

Dividends

GOIIX vs. GSPKX - Dividend Comparison

GOIIX's dividend yield for the trailing twelve months is around 7.96%, more than GSPKX's 5.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOIIX Goldman Sachs Growth and Income Strategy Portfolio	7.96%	7.98%	9.79%	1.97%	5.09%	6.80%	3.47%	2.29%	3.04%	2.73%	1.37%	3.99%
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund	5.98%	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

Can I hold both GOIIX and GSPKX in my portfolio?

With a correlation of 0.92, GOIIX and GSPKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GOIIX or GSPKX?

GOIIX has higher volatility (2.65%) compared to GSPKX (1.99%). In terms of maximum drawdown, GOIIX dropped -43.63% vs GSPKX's -51.90%.

Which has better risk-adjusted returns?

GSPKX currently has the higher Sharpe Ratio (2.61 vs 2.37), 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.