GSHIX vs. GSPKX
GSHIX (Goldman Sachs High Yield Fund) and GSPKX (Goldman Sachs U.S. Equity Dividend and Premium Fund) are both mutual funds - GSHIX is a High Yield Bonds fund managed by Goldman Sachs, while GSPKX is a Large Cap Blend Equities fund managed by Goldman Sachs. Over the past 10 years, GSHIX returned 4.72%/yr vs 12.97%/yr for GSPKX. At a 0.36 correlation, their price movements are largely independent. Both charge a 0.71% expense ratio.
Performance
GSHIX vs. GSPKX - Performance Comparison
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Returns By Period
In the year-to-date period, GSHIX achieves a 1.60% return, which is significantly lower than GSPKX's 10.31% return. Over the past 10 years, GSHIX has underperformed GSPKX with an annualized return of 4.72%, while GSPKX has yielded a comparatively higher 12.97% annualized return.
GSHIX
- 1D
- 0.00%
- 1M
- 0.35%
- 6M
- 1.60%
- YTD
- 1.60%
- 1Y
- 5.35%
- 3Y*
- 8.07%
- 5Y*
- 2.84%
- 10Y*
- 4.72%
GSPKX
- 1D
- -0.15%
- 1M
- -0.13%
- 6M
- 10.31%
- YTD
- 10.31%
- 1Y
- 20.32%
- 3Y*
- 19.85%
- 5Y*
- 12.50%
- 10Y*
- 12.97%
GSHIX vs. GSPKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSHIX Goldman Sachs High Yield Fund | 1.60% | 8.53% | 6.91% | 12.46% | -13.80% | 4.13% | 5.48% | 15.54% | -3.69% | 6.19% |
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund | 10.31% | 13.60% | 29.55% | 21.39% | -15.20% | 22.79% | 14.15% | 25.11% | -6.29% | 15.32% |
Correlation
The correlation between GSHIX and GSPKX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.36 |
Over the past year, GSHIX and GSPKX have become more correlated (0.60) than their long-term average of 0.36, meaning their price movements have been converging.
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Return for Risk
GSHIX vs. GSPKX — Risk / Return Rank
GSHIX
GSPKX
GSHIX vs. GSPKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs High Yield Fund (GSHIX) and Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX). 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.
| GSHIX | GSPKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.70 | -0.67 |
| Martin ratioReturn relative to average drawdown | 10.40 | 13.35 | -2.94 |
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Drawdowns
GSHIX vs. GSPKX - Drawdown Comparison
The maximum GSHIX drawdown since its inception was -34.42%, smaller than the maximum GSPKX drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for GSHIX and GSPKX.
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Drawdown Indicators
| GSHIX | GSPKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.42% | -51.90% | +17.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -7.83% | +5.17% |
Max Drawdown (3Y)Largest decline over 3 years | -4.41% | -20.51% | +16.10% |
Max Drawdown (5Y)Largest decline over 5 years | -17.60% | -22.34% | +4.74% |
Max Drawdown (10Y)Largest decline over 10 years | -23.06% | -32.70% | +9.64% |
Current DrawdownCurrent decline from peak | 0.00% | -0.15% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -5.98% | +2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 1.58% | -1.06% |
Volatility
GSHIX vs. GSPKX - Volatility Comparison
The current volatility for Goldman Sachs High Yield Fund (GSHIX) is 0.92%, while Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) has a volatility of 3.74%. This indicates that GSHIX experiences smaller price fluctuations and is considered to be less risky than GSPKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSHIX | GSPKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 3.74% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 8.33% | -5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 10.27% | -6.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 16.06% | -10.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.84% | 16.87% | -11.03% |
GSHIX vs. GSPKX - Expense Ratio Comparison
Both GSHIX and GSPKX have an expense ratio of 0.71%.
Dividends
GSHIX vs. GSPKX - Dividend Comparison
GSHIX's dividend yield for the trailing twelve months is around 6.50%, more than GSPKX's 6.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSHIX Goldman Sachs High Yield Fund | 6.50% | 6.53% | 6.47% | 6.01% | 4.41% | 4.83% | 5.45% | 5.64% | 5.85% | 5.42% | 5.54% | 6.33% |
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund | 6.00% | 6.32% | 12.77% | 6.48% | 6.33% | 6.01% | 7.19% | 6.86% | 7.95% | 6.13% | 5.63% | 6.29% |
Frequently Asked Questions
GSHIX and GSPKX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSPKX has higher volatility (3.74%) compared to GSHIX (0.92%). In terms of maximum drawdown, GSHIX dropped -34.42% vs GSPKX's -51.90%.
GSPKX currently has the higher Sharpe Ratio (2.06 vs 1.57), 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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