GSGOX vs. DFFGX

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs Government Income Fund (GSGOX) and DFA Short-Term Government Portfolio (DFFGX).

GSGOX is managed by Goldman Sachs. It was launched on Feb 9, 1993. DFFGX is managed by Dimensional. It was launched on May 31, 1987.

Performance

GSGOX vs. DFFGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Government Income Fund (GSGOX) and DFA Short-Term Government Portfolio (DFFGX). The values are adjusted to include any dividend payments, if applicable.

GSGOX vs. DFFGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSGOX Goldman Sachs Government Income Fund	1.75%	6.58%	0.07%	4.07%	-13.16%	-2.47%	6.34%	5.77%	0.30%	1.74%
DFFGX DFA Short-Term Government Portfolio	0.87%	3.12%	5.29%	5.01%	-4.41%	-1.27%	0.39%	2.52%	1.17%	0.51%

Returns By Period

GSGOX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFFGX

• 1D: 0.06%
• 1M: 0.26%
• YTD: 0.87%
• 6M: 1.92%
• 1Y: 2.99%
• 3Y*: 4.36%
• 5Y*: 1.83%
• 10Y*: 1.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GSGOX vs. DFFGX - Expense Ratio Comparison

GSGOX has a 0.82% expense ratio, which is higher than DFFGX's 0.18% expense ratio.

GSGOX

Goldman Sachs Government Income Fund

DFFGX

DFA Short-Term Government Portfolio

Return for Risk

GSGOX vs. DFFGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFFGX

DFFGX Risk / Return Rank: 86
DFFGX Sharpe Ratio Rank: 82
DFFGX Sortino Ratio Rank: 68
DFFGX Omega Ratio Rank: 99
DFFGX Calmar Ratio Rank: 94
DFFGX Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GSGOX vs. DFFGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Government Income Fund (GSGOX) and DFA Short-Term Government Portfolio (DFFGX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GSGOX	DFFGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.55	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.99	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.49	—

Correlation

The correlation between GSGOX and DFFGX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GSGOX vs. DFFGX - Dividend Comparison

GSGOX's dividend yield for the trailing twelve months is around 3.32%, more than DFFGX's 2.86% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSGOX Goldman Sachs Government Income Fund	3.32%	3.03%	2.26%	2.09%	1.02%	2.30%	1.22%	2.03%	2.01%	1.73%	1.71%	1.53%
DFFGX DFA Short-Term Government Portfolio	2.86%	2.98%	4.87%	3.57%	1.85%	0.15%	0.29%	1.83%	1.53%	1.18%	0.99%	1.27%

Drawdowns

Drawdown Indicators

	GSGOX	DFFGX	Difference
Max Drawdown Largest peak-to-trough decline	—	-10.09%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-1.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-6.49%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.86%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.34%	—

Volatility

Volatility by Period

	GSGOX	DFFGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.43%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	1.85%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	1.57%	—