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GSBFX vs. FMSDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


GSBFXFMSDX
YTD Return10.21%10.48%
1Y Return20.17%18.28%
3Y Return (Ann)4.22%3.64%
5Y Return (Ann)6.64%9.39%
Sharpe Ratio3.402.64
Sortino Ratio5.113.78
Omega Ratio1.691.52
Calmar Ratio1.961.55
Martin Ratio23.3018.03
Ulcer Index0.90%1.01%
Daily Std Dev6.20%6.88%
Max Drawdown-37.68%-21.64%
Current Drawdown-0.69%-0.49%

Correlation

-0.50.00.51.00.9

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.


-2.00%0.00%2.00%4.00%6.00%8.00%MayJuneJulyAugustSeptemberOctober
7.88%
6.73%
GSBFX
FMSDX

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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.


GSBFX
Goldman Sachs Income Builder Fund
Expense ratio chart for GSBFX: current value at 0.79% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.79%
Expense ratio chart for FMSDX: current value at 0.78% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.78%

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.


GSBFX
Sharpe ratio
The chart of Sharpe ratio for GSBFX, currently valued at 3.30, compared to the broader market0.002.004.003.30
Sortino ratio
The chart of Sortino ratio for GSBFX, currently valued at 4.98, compared to the broader market0.005.0010.004.98
Omega ratio
The chart of Omega ratio for GSBFX, currently valued at 1.68, compared to the broader market1.002.003.004.001.68
Calmar ratio
The chart of Calmar ratio for GSBFX, currently valued at 1.88, compared to the broader market0.005.0010.0015.0020.0025.001.88
Martin ratio
The chart of Martin ratio for GSBFX, currently valued at 22.75, compared to the broader market0.0020.0040.0060.0080.00100.0022.75
FMSDX
Sharpe ratio
The chart of Sharpe ratio for FMSDX, currently valued at 2.64, compared to the broader market0.002.004.002.64
Sortino ratio
The chart of Sortino ratio for FMSDX, currently valued at 3.78, compared to the broader market0.005.0010.003.78
Omega ratio
The chart of Omega ratio for FMSDX, currently valued at 1.52, compared to the broader market1.002.003.004.001.52
Calmar ratio
The chart of Calmar ratio for FMSDX, currently valued at 1.55, compared to the broader market0.005.0010.0015.0020.0025.001.55
Martin ratio
The chart of Martin ratio for FMSDX, currently valued at 18.03, compared to the broader market0.0020.0040.0060.0080.00100.0018.03

GSBFX vs. FMSDX - Sharpe Ratio Comparison

The current GSBFX Sharpe Ratio is 3.40, which roughly equals the FMSDX Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of GSBFX and FMSDX, offering insights into how both instruments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50MayJuneJulyAugustSeptemberOctober
3.30
2.64
GSBFX
FMSDX

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.


TTM20232022202120202019201820172016201520142013
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.


-3.50%-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%MayJuneJulyAugustSeptemberOctober
-0.69%
-0.49%
GSBFX
FMSDX

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.


1.00%1.50%2.00%2.50%3.00%3.50%MayJuneJulyAugustSeptemberOctober
1.17%
1.35%
GSBFX
FMSDX