GSFIX vs. GSBFX
GSFIX (Goldman Sachs Core Fixed Income Fund) and GSBFX (Goldman Sachs Income Builder Fund) are both mutual funds - GSFIX is a Intermediate Core Bond fund managed by Goldman Sachs, while GSBFX is a Diversified Portfolio fund managed by Goldman Sachs. Over the past 10 years, GSFIX returned 1.83%/yr vs 7.02%/yr for GSBFX. At a 0.07 correlation, their price movements are largely independent. GSFIX charges 0.38%/yr vs 0.79%/yr for GSBFX.
Performance
GSFIX vs. GSBFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GSFIX achieves a 0.19% return, which is significantly lower than GSBFX's 5.23% return. Over the past 10 years, GSFIX has underperformed GSBFX with an annualized return of 1.83%, while GSBFX has yielded a comparatively higher 7.02% annualized return.
GSFIX
- 1D
- 0.00%
- 1M
- 0.46%
- YTD
- 0.19%
- 6M
- 0.21%
- 1Y
- 5.81%
- 3Y*
- 3.92%
- 5Y*
- -0.12%
- 10Y*
- 1.83%
GSBFX
- 1D
- 0.47%
- 1M
- 1.95%
- YTD
- 5.23%
- 6M
- 5.34%
- 1Y
- 13.72%
- 3Y*
- 10.93%
- 5Y*
- 5.59%
- 10Y*
- 7.02%
GSFIX vs. GSBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSFIX Goldman Sachs Core Fixed Income Fund | 0.19% | 7.70% | 0.81% | 5.98% | -14.72% | -1.75% | 9.92% | 10.60% | -0.51% | 3.46% |
GSBFX Goldman Sachs Income Builder Fund | 5.23% | 10.42% | 9.32% | 9.64% | -9.53% | 10.50% | 9.53% | 19.38% | -4.92% | 7.94% |
Correlation
The correlation between GSFIX and GSBFX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1995 | 0.07 |
Over the past year, GSFIX and GSBFX have become more correlated (0.52) than their long-term average of 0.07, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GSFIX vs. GSBFX — Risk / Return Rank
GSFIX
GSBFX
GSFIX vs. GSBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Core Fixed Income Fund (GSFIX) and Goldman Sachs Income Builder Fund (GSBFX). 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.
| GSFIX | GSBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.48 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 3.16 | -1.35 |
| Martin ratioReturn relative to average drawdown | 5.29 | 13.72 | -8.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GSFIX | GSBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 2.56 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.76 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.88 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.70 | +0.16 |
Drawdowns
GSFIX vs. GSBFX - Drawdown Comparison
The maximum GSFIX drawdown since its inception was -21.73%, smaller than the maximum GSBFX drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for GSFIX and GSBFX.
Loading charts...
Drawdown Indicators
| GSFIX | GSBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.73% | -37.04% | +15.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -4.44% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -6.86% | -8.14% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -20.15% | -15.94% | -4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -21.73% | -23.42% | +1.69% |
Current DrawdownCurrent decline from peak | -5.01% | 0.00% | -5.01% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -4.18% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.02% | +0.06% |
Volatility
GSFIX vs. GSBFX - Volatility Comparison
The current volatility for Goldman Sachs Core Fixed Income Fund (GSFIX) is 1.39%, while Goldman Sachs Income Builder Fund (GSBFX) has a volatility of 1.76%. This indicates that GSFIX experiences smaller price fluctuations and is considered to be less risky than GSBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GSFIX | GSBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.76% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 4.45% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 5.49% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.23% | 7.41% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 7.99% | -2.52% |
GSFIX vs. GSBFX - Expense Ratio Comparison
GSFIX has a 0.38% expense ratio, which is lower than GSBFX's 0.79% expense ratio.
Dividends
GSFIX vs. GSBFX - Dividend Comparison
GSFIX's dividend yield for the trailing twelve months is around 4.14%, less than GSBFX's 5.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSBFX Goldman Sachs Income Builder Fund | 5.09% | 4.39% | 5.12% | 3.41% | 4.10% | 6.66% | 3.05% | 3.52% | 3.98% | 3.52% | 3.78% | 3.93% |
GSFIX Goldman Sachs Core Fixed Income Fund | 4.14% | 4.10% | 3.57% | 3.44% | 2.17% | 1.94% | 4.56% | 4.40% | 2.78% | 2.54% | 2.58% | 2.49% |
Frequently Asked Questions
GSFIX and GSBFX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSBFX has higher volatility (1.76%) compared to GSFIX (1.39%). In terms of maximum drawdown, GSFIX dropped -21.73% vs GSBFX's -37.04%.
GSBFX currently has the higher Sharpe Ratio (2.56 vs 1.42), 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.
Find the right allocation for GSFIX and GSBFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer