GSCMX vs. IUSG
GSCMX (Goldman Sachs Income Fund) and IUSG (iShares Core S&P U.S. Growth ETF) are both funds - GSCMX is a Multisector Bonds fund managed by Goldman Sachs, while IUSG is a Large Cap Growth Equities fund tracking the S&P 900 Growth Index. Over the past 5 years, GSCMX returned 2.93%/yr vs 14.44%/yr for IUSG. At a 0.36 correlation, their price movements are largely independent. GSCMX charges 0.72%/yr vs 0.04%/yr for IUSG.
Performance
GSCMX vs. IUSG - Performance Comparison
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Returns By Period
In the year-to-date period, GSCMX achieves a 0.69% return, which is significantly lower than IUSG's 11.77% return.
GSCMX
- 1D
- 0.11%
- 1M
- 0.82%
- YTD
- 0.69%
- 6M
- 1.17%
- 1Y
- 5.53%
- 3Y*
- 7.60%
- 5Y*
- 2.93%
- 10Y*
- —
IUSG
- 1D
- -0.75%
- 1M
- 0.47%
- YTD
- 11.77%
- 6M
- 11.28%
- 1Y
- 31.51%
- 3Y*
- 25.98%
- 5Y*
- 14.44%
- 10Y*
- 18.05%
GSCMX vs. IUSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GSCMX Goldman Sachs Income Fund | 0.69% | 8.70% | 6.13% | 10.60% | -10.75% | 0.42% | 9.24% | 1.17% |
IUSG iShares Core S&P U.S. Growth ETF | 11.77% | 21.23% | 34.70% | 29.28% | -28.81% | 31.26% | 32.65% | 3.89% |
Correlation
The correlation between GSCMX and IUSG is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.36 |
The correlation between GSCMX and IUSG shifts across timeframes, from 0.32 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GSCMX vs. IUSG — Risk / Return Rank
GSCMX
IUSG
GSCMX vs. IUSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Income Fund (GSCMX) and iShares Core S&P U.S. Growth ETF (IUSG). 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.
| GSCMX | IUSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.33 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.42 | -0.48 |
| Martin ratioReturn relative to average drawdown | 8.99 | 9.93 | -0.94 |
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Drawdowns
GSCMX vs. IUSG - Drawdown Comparison
The maximum GSCMX drawdown since its inception was -20.12%, smaller than the maximum IUSG drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for GSCMX and IUSG.
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Drawdown Indicators
| GSCMX | IUSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.12% | -63.41% | +43.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -13.07% | +10.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.24% | -22.28% | +19.04% |
Max Drawdown (5Y)Largest decline over 5 years | -18.20% | -32.21% | +14.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.35% | — |
Current DrawdownCurrent decline from peak | -0.22% | -2.99% | +2.77% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -21.40% | +17.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 3.18% | -2.55% |
Volatility
GSCMX vs. IUSG - Volatility Comparison
The current volatility for Goldman Sachs Income Fund (GSCMX) is 0.92%, while iShares Core S&P U.S. Growth ETF (IUSG) has a volatility of 6.76%. This indicates that GSCMX experiences smaller price fluctuations and is considered to be less risky than IUSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSCMX | IUSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 6.76% | -5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 13.49% | -10.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.19% | 16.78% | -13.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 21.03% | -16.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 20.50% | -14.73% |
GSCMX vs. IUSG - Expense Ratio Comparison
GSCMX has a 0.72% expense ratio, which is higher than IUSG's 0.04% expense ratio.
Dividends
GSCMX vs. IUSG - Dividend Comparison
GSCMX's dividend yield for the trailing twelve months is around 5.09%, more than IUSG's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSCMX Goldman Sachs Income Fund | 5.09% | 5.09% | 5.39% | 4.71% | 8.43% | 3.51% | 3.95% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSG iShares Core S&P U.S. Growth ETF | 0.49% | 0.53% | 0.59% | 1.12% | 1.07% | 0.59% | 0.93% | 1.64% | 1.32% | 1.28% | 1.48% | 1.29% |
Frequently Asked Questions
GSCMX and IUSG have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IUSG has higher volatility (6.76%) compared to GSCMX (0.92%). In terms of maximum drawdown, GSCMX dropped -20.12% vs IUSG's -63.41%.
IUSG currently has the higher Sharpe Ratio (1.89 vs 1.79), 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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