GSCGX vs. SPY
Compare and contrast key facts about Goldman Sachs Large Cap Core Fund (GSCGX) and State Street SPDR S&P 500 ETF (SPY).
GSCGX is managed by Goldman Sachs. It was launched on Apr 20, 1990. 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.
Performance
GSCGX vs. SPY - Performance Comparison
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GSCGX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSCGX Goldman Sachs Large Cap Core Fund | -7.80% | 15.70% | 38.33% | 26.49% | -19.82% | 24.47% | 22.78% | 32.33% | -2.82% | 31.84% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, GSCGX achieves a -7.80% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, GSCGX has outperformed SPY with an annualized return of 14.80%, while SPY has yielded a comparatively lower 13.98% annualized return.
GSCGX
- 1D
- -0.45%
- 1M
- -7.91%
- YTD
- -7.80%
- 6M
- -6.65%
- 1Y
- 12.61%
- 3Y*
- 20.16%
- 5Y*
- 12.44%
- 10Y*
- 14.80%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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GSCGX vs. SPY - Expense Ratio Comparison
GSCGX has a 1.04% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
GSCGX vs. SPY — Risk / Return Rank
GSCGX
SPY
GSCGX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Large Cap Core Fund (GSCGX) and State Street 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.
| GSCGX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 0.93 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.45 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.53 | -0.71 |
Martin ratioReturn relative to average drawdown | 3.81 | 7.30 | -3.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GSCGX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.93 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.69 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.78 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.56 | -0.01 |
Correlation
The correlation between GSCGX and SPY is 0.93, 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.
Dividends
GSCGX vs. SPY - Dividend Comparison
GSCGX's dividend yield for the trailing twelve months is around 13.14%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSCGX Goldman Sachs Large Cap Core Fund | 13.14% | 12.12% | 25.42% | 0.46% | 8.75% | 10.68% | 3.70% | 4.03% | 49.12% | 8.67% | 1.45% | 8.72% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
GSCGX vs. SPY - Drawdown Comparison
The maximum GSCGX drawdown since its inception was -57.27%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GSCGX and SPY.
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Drawdown Indicators
| GSCGX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.27% | -55.19% | -2.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -12.05% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -27.00% | -24.50% | -2.50% |
Max Drawdown (10Y)Largest decline over 10 years | -34.09% | -33.72% | -0.37% |
Current DrawdownCurrent decline from peak | -9.53% | -6.24% | -3.29% |
Average DrawdownAverage peak-to-trough decline | -11.04% | -9.09% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.52% | +0.18% |
Volatility
GSCGX vs. SPY - Volatility Comparison
The current volatility for Goldman Sachs Large Cap Core Fund (GSCGX) is 4.57%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that GSCGX 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.
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Volatility by Period
| GSCGX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 5.31% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.51% | 9.47% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.73% | 19.05% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.80% | 17.06% | +4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.65% | 17.92% | +2.73% |