GSGOX vs. OGVCX

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs Government Income Fund (GSGOX) and JPMorgan Government Bond Fund Class C (OGVCX).

GSGOX is managed by Goldman Sachs. It was launched on Feb 9, 1993. OGVCX is managed by JPMorgan.

Performance

GSGOX vs. OGVCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Government Income Fund (GSGOX) and JPMorgan Government Bond Fund Class C (OGVCX). The values are adjusted to include any dividend payments, if applicable.

GSGOX vs. OGVCX - 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%
OGVCX JPMorgan Government Bond Fund Class C	-0.52%	5.99%	0.61%	3.50%	-12.55%	-3.00%	5.95%	5.76%	-0.05%	1.45%

Returns By Period

GSGOX

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

OGVCX

• 1D: 0.52%
• 1M: -2.23%
• YTD: -0.52%
• 6M: 0.35%
• 1Y: 2.79%
• 3Y*: 2.27%
• 5Y*: -0.75%
• 10Y*: 0.36%

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

GSGOX vs. OGVCX - Expense Ratio Comparison

GSGOX has a 0.82% expense ratio, which is lower than OGVCX's 1.39% expense ratio.

OGVCX

JPMorgan Government Bond Fund Class C

GSGOX

Goldman Sachs Government Income Fund

Return for Risk

GSGOX vs. OGVCX — Risk / Return Rank

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

OGVCX

OGVCX Risk / Return Rank: 34
OGVCX Sharpe Ratio Rank: 31
OGVCX Sortino Ratio Rank: 28
OGVCX Omega Ratio Rank: 22
OGVCX Calmar Ratio Rank: 57
OGVCX Martin Ratio Rank: 34

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. OGVCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Government Income Fund (GSGOX) and JPMorgan Government Bond Fund Class C (OGVCX). 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	OGVCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.72	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.14	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.55	—

Correlation

The correlation between GSGOX and OGVCX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GSGOX vs. OGVCX - Dividend Comparison

GSGOX's dividend yield for the trailing twelve months is around 3.32%, more than OGVCX's 2.34% 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%
OGVCX JPMorgan Government Bond Fund Class C	2.34%	2.24%	2.10%	1.82%	1.21%	0.58%	0.95%	1.49%	1.57%	1.54%	1.76%	2.90%

Drawdowns

Drawdown Indicators

	GSGOX	OGVCX	Difference
Max Drawdown Largest peak-to-trough decline	—	-19.66%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.01%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-19.66%	—
Current Drawdown Current decline from peak	—	-7.96%	—
Average Drawdown Average peak-to-trough decline	—	-3.51%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.00%	—

Volatility

Volatility by Period

	GSGOX	OGVCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	4.17%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	5.56%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.57%	—