GSBD vs. SPY
Compare and contrast key facts about Goldman Sachs BDC, Inc. (GSBD) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSBD or SPY.
Key characteristics
| GSBD | SPY | |
|---|---|---|
| YTD Return | 10.34% | 9.02% |
| 1Y Return | 36.35% | 27.00% |
| 3Y Return (Ann) | 3.85% | 8.59% |
| 5Y Return (Ann) | 5.52% | 14.29% |
| Sharpe Ratio | 2.19 | 2.52 |
| Daily Std Dev | 15.02% | 11.53% |
| Max Drawdown | -62.67% | -55.19% |
| Current Drawdown | -1.73% | -1.26% |
Correlation
The correlation between GSBD and SPY is 0.36, 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.
Performance
GSBD vs. SPY - Performance Comparison
In the year-to-date period, GSBD achieves a 10.34% return, which is significantly higher than SPY's 9.02% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GSBD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs BDC, Inc. (GSBD) and SPDR S&P 500 ETF (SPY). 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
GSBD vs. SPY - Dividend Comparison
GSBD's dividend yield for the trailing twelve months is around 11.47%, more than SPY's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSBD Goldman Sachs BDC, Inc. | 11.47% | 12.29% | 13.12% | 10.16% | 9.34% | 8.39% | 9.71% | 8.05% | 7.59% | 9.40% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.30% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GSBD vs. SPY - Drawdown Comparison
The maximum GSBD drawdown since its inception was -62.67%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GSBD and SPY. For additional features, visit the drawdowns tool.
Volatility
GSBD vs. SPY - Volatility Comparison
The current volatility for Goldman Sachs BDC, Inc. (GSBD) is 3.77%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.07%. This indicates that GSBD experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.