GSBFX vs. FMSDX
Compare and contrast key facts about Goldman Sachs Income Builder Fund (GSBFX) and Fidelity Multi-Asset Income Fund (FMSDX).
GSBFX is managed by Goldman Sachs. It was launched on Oct 11, 1994. FMSDX is managed by Fidelity. It was launched on Sep 9, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSBFX or FMSDX.
Key characteristics
| GSBFX | FMSDX | |
|---|---|---|
| YTD Return | 10.21% | 10.48% |
| 1Y Return | 20.17% | 18.28% |
| 3Y Return (Ann) | 4.22% | 3.64% |
| 5Y Return (Ann) | 6.64% | 9.39% |
| Sharpe Ratio | 3.40 | 2.64 |
| Sortino Ratio | 5.11 | 3.78 |
| Omega Ratio | 1.69 | 1.52 |
| Calmar Ratio | 1.96 | 1.55 |
| Martin Ratio | 23.30 | 18.03 |
| Ulcer Index | 0.90% | 1.01% |
| Daily Std Dev | 6.20% | 6.88% |
| Max Drawdown | -37.68% | -21.64% |
| Current Drawdown | -0.69% | -0.49% |
Correlation
The correlation between GSBFX and FMSDX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GSBFX vs. FMSDX - Performance Comparison
The year-to-date returns for both investments are quite close, with GSBFX having a 10.21% return and FMSDX slightly higher at 10.48%. 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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GSBFX vs. FMSDX - Expense Ratio Comparison
GSBFX has a 0.79% expense ratio, which is higher than FMSDX's 0.78% expense ratio.
Risk-Adjusted Performance
GSBFX vs. FMSDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Income Builder Fund (GSBFX) and Fidelity Multi-Asset Income Fund (FMSDX). 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
GSBFX vs. FMSDX - Dividend Comparison
GSBFX's dividend yield for the trailing twelve months is around 3.93%, more than FMSDX's 3.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSBFX Goldman Sachs Income Builder Fund | 3.93% | 4.09% | 4.10% | 6.66% | 3.05% | 3.52% | 3.98% | 3.52% | 3.78% | 4.33% | 4.35% | 4.59% |
FMSDX Fidelity Multi-Asset Income Fund | 3.68% | 4.23% | 4.71% | 3.22% | 3.40% | 2.82% | 3.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GSBFX vs. FMSDX - Drawdown Comparison
The maximum GSBFX drawdown since its inception was -37.68%, which is greater than FMSDX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for GSBFX and FMSDX. For additional features, visit the drawdowns tool.
Volatility
GSBFX vs. FMSDX - Volatility Comparison
The current volatility for Goldman Sachs Income Builder Fund (GSBFX) is 1.17%, while Fidelity Multi-Asset Income Fund (FMSDX) has a volatility of 1.35%. This indicates that GSBFX experiences smaller price fluctuations and is considered to be less risky than FMSDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.