GSCMX vs. SVPFX
GSCMX (Goldman Sachs Income Fund) and SVPFX (Goldman Sachs Strategic Volatility Premium Fund) are both mutual funds - GSCMX is a Multisector Bonds fund managed by Goldman Sachs, while SVPFX is a Large Cap Blend Equities fund managed by Goldman Sachs. Over the past 5 years, GSCMX returned 2.67%/yr vs 2.15%/yr for SVPFX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. GSCMX charges 0.72%/yr vs 0.38%/yr for SVPFX.
Performance
GSCMX vs. SVPFX - Performance Comparison
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Returns By Period
In the year-to-date period, GSCMX achieves a 0.24% return, which is significantly lower than SVPFX's 2.21% return.
GSCMX
- 1D
- 0.05%
- 1M
- -0.61%
- 6M
- -0.03%
- YTD
- 0.24%
- 1Y
- 3.14%
- 3Y*
- 6.59%
- 5Y*
- 2.67%
- 10Y*
- —
- ALL TIME*
- 3.62%
SVPFX
- 1D
- 0.10%
- 1M
- 0.20%
- 6M
- 2.00%
- YTD
- 2.21%
- 1Y
- 5.61%
- 3Y*
- 4.72%
- 5Y*
- 2.15%
- 10Y*
- —
- ALL TIME*
- 2.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GSCMX vs. SVPFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GSCMX Goldman Sachs Income Fund | 0.24% | 8.70% | 6.13% | 10.60% | -10.75% | 2.71% |
SVPFX Goldman Sachs Strategic Volatility Premium Fund | 2.21% | 4.19% | 3.82% | 5.30% | -4.37% | 0.78% |
Correlation
The correlation between GSCMX and SVPFX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.53 |
The correlation between GSCMX and SVPFX shifts across timeframes, from 0.53 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GSCMX vs. SVPFX — Risk / Return Rank
GSCMX
SVPFX
GSCMX vs. SVPFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Income Fund (GSCMX) and Goldman Sachs Strategic Volatility Premium Fund (SVPFX). 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 | SVPFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.60 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 6.52 | -5.15 |
| Martin ratioReturn relative to average drawdown | 6.27 | 23.79 | -17.53 |
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Drawdowns
GSCMX vs. SVPFX - Drawdown Comparison
The maximum GSCMX drawdown since its inception was -20.12%, which is greater than SVPFX's maximum drawdown of -6.37%. Use the drawdown chart below to compare losses from any high point for GSCMX and SVPFX.
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Drawdown Indicators
| GSCMX | SVPFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.12% | -6.37% | -13.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -0.91% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -3.24% | -5.32% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -18.20% | -6.37% | -11.83% |
Current DrawdownCurrent decline from peak | -0.72% | 0.00% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -1.88% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.25% | +0.39% |
Volatility
GSCMX vs. SVPFX - Volatility Comparison
Goldman Sachs Income Fund (GSCMX) has a higher volatility of 0.70% compared to Goldman Sachs Strategic Volatility Premium Fund (SVPFX) at 0.60%. This indicates that GSCMX's price experiences larger fluctuations and is considered to be riskier than SVPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSCMX | SVPFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.60% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 1.79% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 2.22% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 5.62% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.73% | 5.45% | +0.28% |
GSCMX vs. SVPFX - Expense Ratio Comparison
GSCMX has a 0.72% expense ratio, which is higher than SVPFX's 0.38% expense ratio.
Dividends
GSCMX vs. SVPFX - Dividend Comparison
GSCMX's dividend yield for the trailing twelve months is around 5.87%, more than SVPFX's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GSCMX Goldman Sachs Income Fund | 5.87% | 5.09% | 5.39% | 4.71% | 8.43% | 3.51% | 3.95% | 0.27% |
SVPFX Goldman Sachs Strategic Volatility Premium Fund | 3.18% | 1.83% | 4.37% | 4.29% | 0.76% | 0.38% | 0.00% | 0.00% |
Frequently Asked Questions
GSCMX and SVPFX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSCMX has higher volatility (0.70%) compared to SVPFX (0.60%). In terms of maximum drawdown, GSCMX dropped -20.12% vs SVPFX's -6.37%.
SVPFX currently has the higher Sharpe Ratio (2.68 vs 1.28), 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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