GSGDX vs. NVCR
Compare and contrast key facts about Goldman Sachs Investment Grade Credit Fund (GSGDX) and NovoCure Limited (NVCR).
GSGDX is managed by Goldman Sachs. It was launched on Nov 3, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSGDX or NVCR.
Key characteristics
| GSGDX | NVCR | |
|---|---|---|
| YTD Return | -0.36% | 40.99% |
| 1Y Return | 5.49% | -73.90% |
| 3Y Return (Ann) | -2.06% | -51.08% |
| 5Y Return (Ann) | 1.52% | -16.05% |
| Sharpe Ratio | 0.70 | -0.83 |
| Daily Std Dev | 7.24% | 87.57% |
| Max Drawdown | -22.78% | -95.07% |
| Current Drawdown | -9.97% | -90.67% |
Correlation
The correlation between GSGDX and NVCR is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GSGDX vs. NVCR - Performance Comparison
In the year-to-date period, GSGDX achieves a -0.36% return, which is significantly lower than NVCR's 40.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GSGDX vs. NVCR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Investment Grade Credit Fund (GSGDX) and NovoCure Limited (NVCR). 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.
Dividends
GSGDX vs. NVCR - Dividend Comparison
GSGDX's dividend yield for the trailing twelve months is around 4.51%, while NVCR has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSGDX Goldman Sachs Investment Grade Credit Fund | 4.51% | 4.26% | 3.67% | 5.09% | 4.19% | 4.64% | 3.54% | 3.19% | 3.40% | 4.12% | 5.34% | 5.24% |
NVCR NovoCure Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GSGDX vs. NVCR - Drawdown Comparison
The maximum GSGDX drawdown since its inception was -22.78%, smaller than the maximum NVCR drawdown of -95.07%. Use the drawdown chart below to compare losses from any high point for GSGDX and NVCR. For additional features, visit the drawdowns tool.
Volatility
GSGDX vs. NVCR - Volatility Comparison
The current volatility for Goldman Sachs Investment Grade Credit Fund (GSGDX) is 1.46%, while NovoCure Limited (NVCR) has a volatility of 19.33%. This indicates that GSGDX experiences smaller price fluctuations and is considered to be less risky than NVCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.