GSGDX vs. FSIGX
GSGDX (Goldman Sachs Investment Grade Credit Fund) and FSIGX (Fidelity Series Investment Grade Bond Fund) are both mutual funds - GSGDX is a Corporate Bonds fund managed by Goldman Sachs, while FSIGX is a Investment Grade Bonds fund managed by Fidelity. Over the past 10 years, GSGDX returned 2.40%/yr vs 2.10%/yr for FSIGX. Their correlation of 0.91 means they have usually moved in the same direction.
Performance
GSGDX vs. FSIGX - Performance Comparison
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Returns By Period
In the year-to-date period, GSGDX achieves a -0.82% return, which is significantly lower than FSIGX's -0.48% return. Over the past 10 years, GSGDX has outperformed FSIGX with an annualized return of 2.40%, while FSIGX has yielded a comparatively lower 2.10% annualized return.
GSGDX
- 1D
- 0.13%
- 1M
- -1.61%
- 6M
- -1.09%
- YTD
- -0.82%
- 1Y
- 1.91%
- 3Y*
- 4.37%
- 5Y*
- -0.48%
- 10Y*
- 2.40%
- ALL TIME*
- 3.76%
FSIGX
- 1D
- 0.00%
- 1M
- -1.19%
- 6M
- -0.73%
- YTD
- -0.48%
- 1Y
- 1.91%
- 3Y*
- 4.14%
- 5Y*
- 0.03%
- 10Y*
- 2.10%
- ALL TIME*
- 3.84%
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 |
GSGDX vs. FSIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSGDX Goldman Sachs Investment Grade Credit Fund | -0.82% | 8.23% | 1.93% | 8.81% | -17.33% | -0.97% | 10.12% | 16.83% | -2.55% | 6.49% |
FSIGX Fidelity Series Investment Grade Bond Fund | -0.48% | 7.65% | 1.79% | 6.82% | -13.30% | -0.67% | 9.71% | 9.75% | -0.15% | 4.39% |
Correlation
The correlation between GSGDX and FSIGX 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. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2008 | 0.91 |
The correlation between GSGDX and FSIGX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
GSGDX vs. FSIGX — Risk / Return Rank
GSGDX
FSIGX
GSGDX vs. FSIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Investment Grade Credit Fund (GSGDX) and Fidelity Series Investment Grade Bond Fund (FSIGX). 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.
| GSGDX | FSIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.08 | -0.19 |
| Martin ratioReturn relative to average drawdown | 2.67 | 2.62 | +0.05 |
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Drawdowns
GSGDX vs. FSIGX - Drawdown Comparison
The maximum GSGDX drawdown since its inception was -23.48%, which is greater than FSIGX's maximum drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for GSGDX and FSIGX.
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Drawdown Indicators
| GSGDX | FSIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.48% | -18.22% | -5.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -2.99% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -6.02% | -5.20% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -23.48% | -18.22% | -5.26% |
Max Drawdown (10Y)Largest decline over 10 years | -23.48% | -18.22% | -5.26% |
Current DrawdownCurrent decline from peak | -2.80% | -2.48% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -2.68% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.22% | -0.06% |
Volatility
GSGDX vs. FSIGX - Volatility Comparison
Goldman Sachs Investment Grade Credit Fund (GSGDX) has a higher volatility of 1.11% compared to Fidelity Series Investment Grade Bond Fund (FSIGX) at 1.02%. This indicates that GSGDX's price experiences larger fluctuations and is considered to be riskier than FSIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSGDX | FSIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.02% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 3.03% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 3.89% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.84% | 6.08% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.40% | 5.03% | +1.37% |
Dividends
GSGDX vs. FSIGX - Dividend Comparison
GSGDX's dividend yield for the trailing twelve months is around 4.51%, more than FSIGX's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSIGX Fidelity Series Investment Grade Bond Fund | 3.97% | 4.24% | 4.01% | 4.00% | 2.37% | 1.88% | 6.32% | 3.09% | 3.20% | 2.86% | 4.32% | 3.07% |
GSGDX Goldman Sachs Investment Grade Credit Fund | 4.51% | 4.75% | 3.94% | 3.52% | 2.74% | 5.10% | 4.18% | 5.89% | 3.56% | 3.19% | 3.38% | 3.76% |
Frequently Asked Questions
With a correlation of 0.92, GSGDX and FSIGX 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.
GSGDX has higher volatility (1.11%) compared to FSIGX (1.02%). In terms of maximum drawdown, GSGDX dropped -23.48% vs FSIGX's -18.22%.
FSIGX currently has the higher Sharpe Ratio (0.83 vs 0.71), 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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