GSFIX vs. SSAFX
GSFIX (Goldman Sachs Core Fixed Income Fund) and SSAFX (State Street Aggregate Bond Index Portfolio) are both Intermediate Core Bond funds. Over the past 10 years, GSFIX returned 1.58%/yr vs 27.54%/yr for SSAFX. Their correlation of 0.93 means they have usually moved in the same direction. GSFIX charges 0.38%/yr vs 0.02%/yr for SSAFX.
Performance
GSFIX vs. SSAFX - Performance Comparison
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Returns By Period
In the year-to-date period, GSFIX achieves a -0.77% return, which is significantly lower than SSAFX's -0.34% return. Over the past 10 years, GSFIX has underperformed SSAFX with an annualized return of 1.58%, while SSAFX has yielded a comparatively higher 27.54% annualized return.
GSFIX
- 1D
- 0.11%
- 1M
- -1.20%
- 6M
- -0.99%
- YTD
- -0.77%
- 1Y
- 2.15%
- 3Y*
- 3.59%
- 5Y*
- -0.75%
- 10Y*
- 1.58%
- ALL TIME*
- 3.95%
SSAFX
- 1D
- 0.06%
- 1M
- -0.87%
- 6M
- -0.53%
- YTD
- -0.34%
- 1Y
- 2.14%
- 3Y*
- 3.68%
- 5Y*
- -0.47%
- 10Y*
- 27.54%
- ALL TIME*
- 23.57%
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 |
GSFIX vs. SSAFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSFIX Goldman Sachs Core Fixed Income Fund | -0.77% | 7.70% | 0.81% | 5.98% | -14.72% | -1.75% | 9.92% | 10.60% | -0.51% | 3.46% |
SSAFX State Street Aggregate Bond Index Portfolio | -0.34% | 6.81% | 1.34% | 5.61% | -13.30% | -1.72% | 978.57% | 8.69% | -0.12% | 3.38% |
Correlation
The correlation between GSFIX and SSAFX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2014 | 0.93 |
The correlation between GSFIX and SSAFX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
GSFIX vs. SSAFX — Risk / Return Rank
GSFIX
SSAFX
GSFIX vs. SSAFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Core Fixed Income Fund (GSFIX) and State Street Aggregate Bond Index Portfolio (SSAFX). 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.
| GSFIX | SSAFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.14 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.10 | -0.05 |
| Martin ratioReturn relative to average drawdown | 2.54 | 2.77 | -0.23 |
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Drawdowns
GSFIX vs. SSAFX - Drawdown Comparison
The maximum GSFIX drawdown since its inception was -21.73%, which is greater than SSAFX's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for GSFIX and SSAFX.
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Drawdown Indicators
| GSFIX | SSAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.73% | -18.74% | -2.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -2.74% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -5.84% | -4.97% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -20.15% | -18.09% | -2.06% |
Max Drawdown (10Y)Largest decline over 10 years | -21.73% | -18.74% | -2.99% |
Current DrawdownCurrent decline from peak | -5.92% | -3.36% | -2.56% |
Average DrawdownAverage peak-to-trough decline | -3.18% | -4.39% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.09% | +0.21% |
Volatility
GSFIX vs. SSAFX - Volatility Comparison
Goldman Sachs Core Fixed Income Fund (GSFIX) has a higher volatility of 1.05% compared to State Street Aggregate Bond Index Portfolio (SSAFX) at 0.97%. This indicates that GSFIX's price experiences larger fluctuations and is considered to be riskier than SSAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSFIX | SSAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.97% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 2.87% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 3.67% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 5.95% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 277.46% | -271.99% |
GSFIX vs. SSAFX - Expense Ratio Comparison
GSFIX has a 0.38% expense ratio, which is higher than SSAFX's 0.02% expense ratio.
Dividends
GSFIX vs. SSAFX - Dividend Comparison
GSFIX's dividend yield for the trailing twelve months is around 3.85%, less than SSAFX's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSFIX Goldman Sachs Core Fixed Income Fund | 3.85% | 4.10% | 3.57% | 3.44% | 2.17% | 1.94% | 4.56% | 4.40% | 2.78% | 2.54% | 2.58% | 2.49% |
SSAFX State Street Aggregate Bond Index Portfolio | 3.87% | 3.70% | 3.76% | 3.16% | 2.49% | 1.90% | 2.41% | 2.88% | 2.82% | 2.42% | 2.21% | 3.21% |
Frequently Asked Questions
With a correlation of 0.92, GSFIX and SSAFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GSFIX has higher volatility (1.05%) compared to SSAFX (0.97%). In terms of maximum drawdown, GSFIX dropped -21.73% vs SSAFX's -18.74%.
GSFIX currently has the higher Sharpe Ratio (0.85 vs 0.82), 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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