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.
Correlation
The correlation between GSBD and SPY is 0.37, 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
Key characteristics
GSBD:
-0.97
SPY:
0.51
GSBD:
-1.27
SPY:
0.86
GSBD:
0.83
SPY:
1.13
GSBD:
-0.65
SPY:
0.55
GSBD:
-1.55
SPY:
2.26
GSBD:
12.38%
SPY:
4.55%
GSBD:
19.75%
SPY:
20.08%
GSBD:
-62.67%
SPY:
-55.19%
GSBD:
-21.95%
SPY:
-9.89%
Returns By Period
The year-to-date returns for both investments are quite close, with GSBD having a -6.03% return and SPY slightly higher at -5.76%. Over the past 10 years, GSBD has underperformed SPY with an annualized return of 3.79%, while SPY has yielded a comparatively higher 12.04% annualized return.
GSBD
-6.03%
-7.78%
-12.55%
-20.15%
4.42%
3.79%
SPY
-5.76%
-2.90%
-4.30%
9.72%
15.64%
12.04%
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Risk-Adjusted Performance
GSBD vs. SPY — Risk-Adjusted Performance Rank
GSBD
SPY
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 16.76%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSBD Goldman Sachs BDC, Inc. | 16.76% | 14.88% | 12.29% | 13.12% | 10.18% | 9.41% | 8.46% | 9.79% | 8.12% | 7.65% | 9.47% | 0.00% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 13.43%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. 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.