GSGDX vs. NVCR
GSGDX (Goldman Sachs Investment Grade Credit Fund) is Corporate Bonds fund managed by Goldman Sachs, while NVCR (NovoCure Limited) is a stock. Over the past 10 years, GSGDX returned 2.40%/yr vs 6.60%/yr for NVCR. Their 0.09 correlation means their historical movements had little consistent relationship.
Performance
GSGDX vs. NVCR - 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 NVCR's 14.77% return. Over the past 10 years, GSGDX has underperformed NVCR with an annualized return of 2.40%, while NVCR has yielded a comparatively higher 6.60% 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%
NVCR
- 1D
- -2.56%
- 1M
- -13.72%
- 6M
- 19.68%
- YTD
- 14.77%
- 1Y
- 31.10%
- 3Y*
- -23.11%
- 5Y*
- -37.37%
- 10Y*
- 6.60%
- ALL TIME*
- -2.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
NVCR NovoCure Limited | $41.20M | $32.54M | $29.69M |
GSGDX vs. NVCR - 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% |
NVCR NovoCure Limited | 14.77% | -56.61% | 99.60% | -79.65% | -2.30% | -56.61% | 105.34% | 151.70% | 65.74% | 157.32% |
Correlation
The correlation between GSGDX and NVCR is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2015 | 0.09 |
The correlation between GSGDX and NVCR shifts across timeframes, from 0.09 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GSGDX vs. NVCR — Risk / Return Rank
GSGDX
NVCR
GSGDX vs. NVCR - Risk-Adjusted Trends 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.
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 | NVCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.87 | +0.01 |
| Martin ratioReturn relative to average drawdown | 2.67 | 1.96 | +0.71 |
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Drawdowns
GSGDX vs. NVCR - Drawdown Comparison
The maximum GSGDX drawdown since its inception was -23.48%, smaller than the maximum NVCR drawdown of -95.55%. Use the drawdown chart below to compare losses from any high point for GSGDX and NVCR.
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Drawdown Indicators
| GSGDX | NVCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.48% | -95.55% | +72.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -32.55% | +29.03% |
Max Drawdown (3Y)Largest decline over 3 years | -6.02% | -69.98% | +63.96% |
Max Drawdown (5Y)Largest decline over 5 years | -23.48% | -93.61% | +70.13% |
Max Drawdown (10Y)Largest decline over 10 years | -23.48% | -95.55% | +72.07% |
Current DrawdownCurrent decline from peak | -2.80% | -93.42% | +90.62% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -52.73% | +48.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 14.47% | -13.31% |
Volatility
GSGDX vs. NVCR - Volatility Comparison
The current volatility for Goldman Sachs Investment Grade Credit Fund (GSGDX) is 1.11%, while NovoCure Limited (NVCR) has a volatility of 32.88%. 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.
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Volatility by Period
| GSGDX | NVCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 32.88% | -31.77% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 68.65% | -65.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 79.65% | -75.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.84% | 81.23% | -74.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.40% | 72.18% | -65.78% |
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.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Frequently Asked Questions
GSGDX and NVCR have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVCR has higher volatility (32.88%) compared to GSGDX (1.11%). In terms of maximum drawdown, GSGDX dropped -23.48% vs NVCR's -95.55%.
GSGDX currently has the higher Sharpe Ratio (0.71 vs 0.36), 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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