GSBFX vs. DVY
GSBFX (Goldman Sachs Income Builder Fund) and DVY (iShares Select Dividend ETF) are both funds - GSBFX is a Diversified Portfolio fund managed by Goldman Sachs, while DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index. Over the past 10 years, GSBFX returned 7.08%/yr vs 10.29%/yr for DVY. Their correlation of 0.84 suggests significant overlap in exposure. GSBFX charges 0.79%/yr vs 0.39%/yr for DVY.
Performance
GSBFX vs. DVY - Performance Comparison
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Returns By Period
In the year-to-date period, GSBFX achieves a 5.68% return, which is significantly lower than DVY's 10.93% return. Over the past 10 years, GSBFX has underperformed DVY with an annualized return of 7.08%, while DVY has yielded a comparatively higher 10.29% annualized return.
GSBFX
- 1D
- 0.25%
- 1M
- 1.50%
- YTD
- 5.68%
- 6M
- 5.70%
- 1Y
- 13.68%
- 3Y*
- 10.58%
- 5Y*
- 5.82%
- 10Y*
- 7.08%
DVY
- 1D
- 0.55%
- 1M
- -0.25%
- YTD
- 10.93%
- 6M
- 9.97%
- 1Y
- 22.56%
- 3Y*
- 16.04%
- 5Y*
- 9.73%
- 10Y*
- 10.29%
GSBFX vs. DVY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSBFX Goldman Sachs Income Builder Fund | 5.68% | 10.42% | 9.32% | 9.64% | -9.53% | 10.50% | 9.53% | 19.38% | -4.92% | 7.94% |
DVY iShares Select Dividend ETF | 10.93% | 11.60% | 16.24% | 1.12% | 1.80% | 31.70% | -4.91% | 22.62% | -6.36% | 14.82% |
Correlation
The correlation between GSBFX and DVY is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2003 | 0.84 |
The correlation between GSBFX and DVY shifts across timeframes, from 0.70 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GSBFX vs. DVY — Risk / Return Rank
GSBFX
DVY
GSBFX vs. DVY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Income Builder Fund (GSBFX) and iShares Select Dividend ETF (DVY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSBFX | DVY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.34 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.29 | -0.18 |
| Martin ratioReturn relative to average drawdown | 13.45 | 11.50 | +1.95 |
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Drawdowns
GSBFX vs. DVY - Drawdown Comparison
The maximum GSBFX drawdown since its inception was -37.04%, smaller than the maximum DVY drawdown of -62.59%. Use the drawdown chart below to compare losses from any high point for GSBFX and DVY.
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Drawdown Indicators
| GSBFX | DVY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -62.59% | +25.55% |
Max Drawdown (1Y)Largest decline over 1 year | -4.44% | -6.89% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -8.14% | -16.00% | +7.86% |
Max Drawdown (5Y)Largest decline over 5 years | -15.94% | -17.54% | +1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -23.42% | -41.59% | +18.17% |
Current DrawdownCurrent decline from peak | -0.25% | -2.18% | +1.93% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -8.78% | +4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.97% | -0.95% |
Volatility
GSBFX vs. DVY - Volatility Comparison
The current volatility for Goldman Sachs Income Builder Fund (GSBFX) is 2.02%, while iShares Select Dividend ETF (DVY) has a volatility of 3.39%. This indicates that GSBFX experiences smaller price fluctuations and is considered to be less risky than DVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSBFX | DVY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 3.39% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 7.74% | -3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.72% | 11.27% | -5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 15.14% | -7.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.00% | 18.03% | -10.03% |
GSBFX vs. DVY - Expense Ratio Comparison
GSBFX has a 0.79% expense ratio, which is higher than DVY's 0.39% expense ratio.
Dividends
GSBFX vs. DVY - Dividend Comparison
GSBFX's dividend yield for the trailing twelve months is around 5.07%, more than DVY's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVY iShares Select Dividend ETF | 3.41% | 3.65% | 3.65% | 3.82% | 3.43% | 3.12% | 3.66% | 3.41% | 3.58% | 3.00% | 3.04% | 3.45% |
GSBFX Goldman Sachs Income Builder Fund | 5.07% | 4.39% | 5.12% | 3.41% | 4.10% | 6.66% | 3.05% | 3.52% | 3.98% | 3.52% | 3.78% | 3.93% |
Frequently Asked Questions
GSBFX and DVY have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVY has higher volatility (3.39%) compared to GSBFX (2.02%). In terms of maximum drawdown, GSBFX dropped -37.04% vs DVY's -62.59%.
GSBFX currently has the higher Sharpe Ratio (2.41 vs 2.02), 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.
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