GSBFX vs. GLPIX

Last updated Jul 14, 2026

GSBFX (Goldman Sachs Income Builder Fund) and GLPIX (Goldman Sachs MLP Energy Infrastructure Fund) are both mutual funds - GSBFX is a Diversified Portfolio fund managed by Goldman Sachs, while GLPIX is a Energy Equities fund managed by Goldman Sachs. Over the past 10 years, GSBFX returned 6.88%/yr vs 8.06%/yr for GLPIX. A 0.54 correlation means they provide meaningful diversification when combined. GSBFX charges 0.79%/yr vs 1.20%/yr for GLPIX.

Performance

GSBFX vs. GLPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Income Builder Fund (GSBFX) and Goldman Sachs MLP Energy Infrastructure Fund (GLPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSBFX achieves a 6.50% return, which is significantly lower than GLPIX's 18.82% return. Over the past 10 years, GSBFX has underperformed GLPIX with an annualized return of 6.88%, while GLPIX has yielded a comparatively higher 8.06% annualized return.

GSBFX

• 1D: 0.07%
• 1M: 0.99%
• 6M: 5.39%
• YTD: 6.50%
• 1Y: 12.27%
• 3Y*: 11.10%
• 5Y*: 5.64%
• 10Y*: 6.88%

GLPIX

• 1D: -0.56%
• 1M: 0.93%
• 6M: 17.17%
• YTD: 18.82%
• 1Y: 20.59%
• 3Y*: 20.82%
• 5Y*: 18.94%
• 10Y*: 8.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GSBFX vs. GLPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSBFX Goldman Sachs Income Builder Fund	6.50%	10.42%	9.32%	9.64%	-9.53%	10.50%	9.53%	19.38%	-4.92%	7.94%
GLPIX Goldman Sachs MLP Energy Infrastructure Fund	18.82%	4.45%	28.00%	19.67%	26.06%	39.89%	-31.08%	7.04%	-14.57%	-5.13%

Correlation

The correlation between GSBFX and GLPIX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.54

Over the past year, the correlation between GSBFX and GLPIX has dropped to 0.09 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

Return for Risk

GSBFX vs. GLPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GSBFX

GSBFX Risk / Return Rank: 79
GSBFX Sharpe Ratio Rank: 81
GSBFX Sortino Ratio Rank: 80
GSBFX Omega Ratio Rank: 78
GSBFX Calmar Ratio Rank: 74
GSBFX Martin Ratio Rank: 83

GLPIX

GLPIX Risk / Return Rank: 62
GLPIX Sharpe Ratio Rank: 65
GLPIX Sortino Ratio Rank: 61
GLPIX Omega Ratio Rank: 55
GLPIX Calmar Ratio Rank: 83
GLPIX Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GSBFX vs. GLPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Income Builder Fund (GSBFX) and Goldman Sachs MLP Energy Infrastructure Fund (GLPIX). 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	GLPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.78	+0.33
Sortino ratio: Return per unit of downside risk	3.03	2.46	+0.57
Omega ratio: Gain probability vs. loss probability	1.39	1.31	+0.08
Calmar ratio: Return relative to maximum drawdown	2.70	3.07	-0.37
Martin ratio: Return relative to average drawdown	11.71	7.99	+3.72

GSBFX vs. GLPIX - Sharpe Ratio Comparison

The current GSBFX Sharpe Ratio is 2.11, which is comparable to the GLPIX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of GSBFX and GLPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GSBFX vs. GLPIX - Drawdown Comparison

The maximum GSBFX drawdown since its inception was -37.04%, smaller than the maximum GLPIX drawdown of -75.98%. Use the drawdown chart below to compare losses from any high point for GSBFX and GLPIX.

Drawdown Indicators

	GSBFX	GLPIX	Difference
Max Drawdown Largest peak-to-trough decline	-37.04%	-75.98%	+38.94%
Max Drawdown (1Y) Largest decline over 1 year	-4.44%	-6.87%	+2.43%
Max Drawdown (3Y) Largest decline over 3 years	-8.14%	-13.96%	+5.82%
Max Drawdown (5Y) Largest decline over 5 years	-15.94%	-20.89%	+4.95%
Max Drawdown (10Y) Largest decline over 10 years	-23.42%	-70.48%	+47.06%
Current Drawdown Current decline from peak	-0.18%	-3.38%	+3.20%
Average Drawdown Average peak-to-trough decline	-4.17%	-22.98%	+18.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	2.63%	-1.61%

Volatility

GSBFX vs. GLPIX - Volatility Comparison

The current volatility for Goldman Sachs Income Builder Fund (GSBFX) is 1.70%, while Goldman Sachs MLP Energy Infrastructure Fund (GLPIX) has a volatility of 4.57%. This indicates that GSBFX experiences smaller price fluctuations and is considered to be less risky than GLPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSBFX	GLPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.70%	4.57%	-2.87%
Volatility (6M) Calculated over the trailing 6-month period	4.66%	9.14%	-4.48%
Volatility (1Y) Calculated over the trailing 1-year period	5.69%	11.84%	-6.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.44%	18.94%	-11.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.95%	25.82%	-17.87%

GSBFX vs. GLPIX - Expense Ratio Comparison

GSBFX has a 0.79% expense ratio, which is lower than GLPIX's 1.20% expense ratio.

Dividends

GSBFX vs. GLPIX - Dividend Comparison

GSBFX's dividend yield for the trailing twelve months is around 5.05%, less than GLPIX's 6.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLPIX Goldman Sachs MLP Energy Infrastructure Fund	6.30%	7.03%	6.60%	6.70%	6.00%	6.26%	9.72%	8.67%	8.02%	7.49%	11.46%	6.62%
GSBFX Goldman Sachs Income Builder Fund	5.05%	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

Can I hold both GSBFX and GLPIX in my portfolio?

GSBFX and GLPIX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSBFX or GLPIX?

GLPIX has higher volatility (4.57%) compared to GSBFX (1.70%). In terms of maximum drawdown, GSBFX dropped -37.04% vs GLPIX's -75.98%.

Which has better risk-adjusted returns?

GSBFX currently has the higher Sharpe Ratio (2.11 vs 1.78), 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.