GSGRX vs. CAIFX

Last updated Aug 4, 2026

GSGRX (Goldman Sachs Equity Income Fund) and CAIFX (American Funds Capital Income Builder Fund Class F-2) are both Dividend funds. Over the past 10 years, GSGRX returned 11.77%/yr vs 8.18%/yr for CAIFX. Their correlation of 0.87 means they have usually moved in the same direction. GSGRX charges 1.20%/yr vs 0.37%/yr for CAIFX.

Performance

GSGRX vs. CAIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Equity Income Fund (GSGRX) and American Funds Capital Income Builder Fund Class F-2 (CAIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSGRX achieves a 18.64% return, which is significantly higher than CAIFX's 10.59% return. Over the past 10 years, GSGRX has outperformed CAIFX with an annualized return of 11.77%, while CAIFX has yielded a comparatively lower 8.18% annualized return.

GSGRX

• 1D: -0.04%
• 1M: 2.34%
• 6M: 13.93%
• YTD: 18.64%
• 1Y: 27.02%
• 3Y*: 20.40%
• 5Y*: 12.95%
• 10Y*: 11.77%
• ALL TIME*: 8.40%

CAIFX

• 1D: 0.08%
• 1M: 1.70%
• 6M: 6.83%
• YTD: 10.59%
• 1Y: 19.16%
• 3Y*: 15.20%
• 5Y*: 9.41%
• 10Y*: 8.18%
• ALL TIME*: 6.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CAIFX American Funds Capital Income Builder Fund Class F-2	$0.00	$0.00	$0.00
GSGRX Goldman Sachs Equity Income Fund	$0.00	$0.00	$0.00

GSGRX vs. CAIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSGRX Goldman Sachs Equity Income Fund	18.64%	12.48%	25.98%	8.19%	-5.28%	21.83%	3.49%	24.98%	-6.11%	10.37%
CAIFX American Funds Capital Income Builder Fund Class F-2	10.59%	20.63%	10.47%	9.21%	-6.95%	15.26%	3.41%	17.49%	-7.10%	14.19%

Correlation

The correlation between GSGRX and CAIFX is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Aug 1, 2008	0.87

The correlation between GSGRX and CAIFX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.

Return for Risk

GSGRX vs. CAIFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GSGRX

GSGRX Risk / Return Rank: 94
GSGRX Sharpe Ratio Rank: 94
GSGRX Sortino Ratio Rank: 93
GSGRX Omega Ratio Rank: 88
GSGRX Calmar Ratio Rank: 96
GSGRX Martin Ratio Rank: 97

CAIFX

CAIFX Risk / Return Rank: 87
CAIFX Sharpe Ratio Rank: 91
CAIFX Sortino Ratio Rank: 89
CAIFX Omega Ratio Rank: 87
CAIFX Calmar Ratio Rank: 83
CAIFX Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GSGRX vs. CAIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Equity Income Fund (GSGRX) and American Funds Capital Income Builder Fund Class F-2 (CAIFX). 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.

	GSGRX	CAIFX	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.33	+0.19
Sortino ratio: Return per unit of downside risk	3.58	3.33	+0.24
Omega ratio: Gain probability vs. loss probability	1.45	1.44	+0.01
Calmar ratio: Return relative to maximum drawdown	4.77	2.93	+1.84
Martin ratio: Return relative to average drawdown	18.84	11.75	+7.10

GSGRX vs. CAIFX - Sharpe Ratio Comparison

The current GSGRX Sharpe Ratio is 2.52, which is comparable to the CAIFX Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of GSGRX and CAIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GSGRX vs. CAIFX - Drawdown Comparison

The maximum GSGRX drawdown since its inception was -54.44%, which is greater than CAIFX's maximum drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for GSGRX and CAIFX.

Drawdown Indicators

	GSGRX	CAIFX	Difference
Max Drawdown Largest peak-to-trough decline	-54.44%	-36.83%	-17.61%
Max Drawdown (1Y) Largest decline over 1 year	-5.48%	-6.47%	+0.99%
Max Drawdown (3Y) Largest decline over 3 years	-19.02%	-8.88%	-10.14%
Max Drawdown (5Y) Largest decline over 5 years	-19.02%	-17.51%	-1.51%
Max Drawdown (10Y) Largest decline over 10 years	-35.11%	-25.27%	-9.84%
Current Drawdown Current decline from peak	-0.14%	0.00%	-0.14%
Average Drawdown Average peak-to-trough decline	-10.33%	-4.67%	-5.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	1.61%	-0.22%

Volatility

GSGRX vs. CAIFX - Volatility Comparison

Goldman Sachs Equity Income Fund (GSGRX) has a higher volatility of 2.81% compared to American Funds Capital Income Builder Fund Class F-2 (CAIFX) at 1.93%. This indicates that GSGRX's price experiences larger fluctuations and is considered to be riskier than CAIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSGRX	CAIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	1.93%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	7.87%	6.55%	+1.32%
Volatility (1Y) Calculated over the trailing 1-year period	10.40%	8.18%	+2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.10%	9.97%	+6.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.13%	10.77%	+6.36%

GSGRX vs. CAIFX - Expense Ratio Comparison

GSGRX has a 1.20% expense ratio, which is higher than CAIFX's 0.37% expense ratio.

Dividends

GSGRX vs. CAIFX - Dividend Comparison

GSGRX's dividend yield for the trailing twelve months is around 8.42%, more than CAIFX's 7.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAIFX American Funds Capital Income Builder Fund Class F-2	7.30%	7.93%	5.98%	3.69%	3.66%	3.36%	3.60%	4.31%	3.76%	4.63%	3.73%	3.82%
GSGRX Goldman Sachs Equity Income Fund	8.42%	9.72%	18.35%	4.70%	4.42%	8.01%	1.52%	5.56%	2.67%	1.69%	1.79%	1.90%

Frequently Asked Questions

Can I hold both GSGRX and CAIFX in my portfolio?

GSGRX and CAIFX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSGRX or CAIFX?

GSGRX has higher volatility (2.81%) compared to CAIFX (1.93%). In terms of maximum drawdown, GSGRX dropped -54.44% vs CAIFX's -36.83%.

Which has better risk-adjusted returns?

GSGRX currently has the higher Sharpe Ratio (2.52 vs 2.33), 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.