GSGOX vs. VUSTX

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs Government Income Fund (GSGOX) and Vanguard Long-Term Treasury Fund Investor Shares (VUSTX).

GSGOX is managed by Goldman Sachs. It was launched on Feb 9, 1993. VUSTX is managed by Vanguard. It was launched on May 19, 1986.

Performance

GSGOX vs. VUSTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Government Income Fund (GSGOX) and Vanguard Long-Term Treasury Fund Investor Shares (VUSTX). The values are adjusted to include any dividend payments, if applicable.

GSGOX vs. VUSTX - 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%
VUSTX Vanguard Long-Term Treasury Fund Investor Shares	-0.56%	5.55%	-6.41%	3.33%	-29.58%	-4.93%	18.20%	14.14%	-1.89%	8.60%

Returns By Period

GSGOX

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

VUSTX

• 1D: 1.29%
• 1M: -4.37%
• YTD: -0.56%
• 6M: -0.74%
• 1Y: 0.22%
• 3Y*: -1.62%
• 5Y*: -4.71%
• 10Y*: -0.93%

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

GSGOX vs. VUSTX - Expense Ratio Comparison

GSGOX has a 0.82% expense ratio, which is higher than VUSTX's 0.20% expense ratio.

GSGOX

Goldman Sachs Government Income Fund

VUSTX

Vanguard Long-Term Treasury Fund Investor Shares

Return for Risk

GSGOX vs. VUSTX — Risk / Return Rank

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

VUSTX

VUSTX Risk / Return Rank: 9
VUSTX Sharpe Ratio Rank: 8
VUSTX Sortino Ratio Rank: 7
VUSTX Omega Ratio Rank: 7
VUSTX Calmar Ratio Rank: 12
VUSTX Martin Ratio Rank: 10

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. VUSTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Government Income Fund (GSGOX) and Vanguard Long-Term Treasury Fund Investor Shares (VUSTX). 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	VUSTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.13	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.32	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.44	—

Correlation

The correlation between GSGOX and VUSTX is 0.86, 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. VUSTX - Dividend Comparison

GSGOX's dividend yield for the trailing twelve months is around 3.32%, less than VUSTX's 4.02% 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%
VUSTX Vanguard Long-Term Treasury Fund Investor Shares	4.02%	4.29%	4.03%	3.33%	2.93%	4.21%	10.38%	2.82%	2.82%	2.64%	5.27%	5.52%

Drawdowns

Drawdown Indicators

	GSGOX	VUSTX	Difference
Max Drawdown Largest peak-to-trough decline	—	-46.37%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.37%	—
Current Drawdown Current decline from peak	—	-36.78%	—
Average Drawdown Average peak-to-trough decline	—	-9.22%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.94%	—

Volatility

Volatility by Period

	GSGOX	VUSTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.51%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.64%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.78%	—