GSHIX vs. GSSRX
GSHIX (Goldman Sachs High Yield Fund) and GSSRX (Goldman Sachs Short Duration Bond Fund) are both mutual funds - GSHIX is a High Yield Bonds fund managed by Goldman Sachs, while GSSRX is a Short-Term Bond fund managed by Goldman Sachs. Over the past 10 years, GSHIX returned 4.43%/yr vs 2.33%/yr for GSSRX. Their 0.43 correlation means their historical movements had little consistent relationship. GSHIX charges 0.71%/yr vs 0.48%/yr for GSSRX.
Performance
GSHIX vs. GSSRX - Performance Comparison
Loading charts...
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with GSHIX at 0.69% and GSSRX at 0.69%. Over the past 10 years, GSHIX has outperformed GSSRX with an annualized return of 4.43%, while GSSRX has yielded a comparatively lower 2.33% annualized return.
GSHIX
- 1D
- 0.00%
- 1M
- -0.89%
- 6M
- 0.16%
- YTD
- 0.69%
- 1Y
- 4.21%
- 3Y*
- 7.30%
- 5Y*
- 2.64%
- 10Y*
- 4.43%
- ALL TIME*
- 5.78%
GSSRX
- 1D
- 0.00%
- 1M
- -0.41%
- 6M
- 0.42%
- YTD
- 0.69%
- 1Y
- 3.34%
- 3Y*
- 4.92%
- 5Y*
- 1.98%
- 10Y*
- 2.33%
- ALL TIME*
- 2.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GSHIX vs. GSSRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSHIX Goldman Sachs High Yield Fund | 0.69% | 8.53% | 6.91% | 12.46% | -13.80% | 4.13% | 5.48% | 15.54% | -3.69% | 6.19% |
GSSRX Goldman Sachs Short Duration Bond Fund | 0.69% | 6.57% | 4.53% | 5.28% | -6.06% | -0.86% | 5.85% | 6.79% | -0.02% | 1.61% |
Correlation
The correlation between GSHIX and GSSRX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.43 |
Over the past year, GSHIX and GSSRX have become more correlated (0.65) than their long-term average of 0.43, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GSHIX vs. GSSRX — Risk / Return Rank
GSHIX
GSSRX
GSHIX vs. GSSRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs High Yield Fund (GSHIX) and Goldman Sachs Short Duration Bond Fund (GSSRX). 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 | GSSRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.42 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.51 | -0.76 |
| Martin ratioReturn relative to average drawdown | 8.50 | 10.56 | -2.06 |
Loading charts...
Drawdowns
GSHIX vs. GSSRX - Drawdown Comparison
The maximum GSHIX drawdown since its inception was -34.42%, which is greater than GSSRX's maximum drawdown of -9.03%. Use the drawdown chart below to compare losses from any high point for GSHIX and GSSRX.
Loading charts...
Drawdown Indicators
| GSHIX | GSSRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.42% | -9.03% | -25.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -1.62% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -4.41% | -1.62% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -17.60% | -8.88% | -8.72% |
Max Drawdown (10Y)Largest decline over 10 years | -23.06% | -9.03% | -14.03% |
Current DrawdownCurrent decline from peak | -1.07% | -0.51% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -1.25% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.38% | +0.16% |
Volatility
GSHIX vs. GSSRX - Volatility Comparison
Goldman Sachs High Yield Fund (GSHIX) has a higher volatility of 0.63% compared to Goldman Sachs Short Duration Bond Fund (GSSRX) at 0.46%. This indicates that GSHIX's price experiences larger fluctuations and is considered to be riskier than GSSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GSHIX | GSSRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.46% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 1.81% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 2.22% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.07% | 2.44% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 2.42% | +3.41% |
GSHIX vs. GSSRX - Expense Ratio Comparison
GSHIX has a 0.71% expense ratio, which is higher than GSSRX's 0.48% expense ratio.
Dividends
GSHIX vs. GSSRX - Dividend Comparison
GSHIX's dividend yield for the trailing twelve months is around 5.99%, more than GSSRX's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSHIX Goldman Sachs High Yield Fund | 5.99% | 6.53% | 6.47% | 6.01% | 4.41% | 4.83% | 5.45% | 5.64% | 5.85% | 5.42% | 5.54% | 6.33% |
GSSRX Goldman Sachs Short Duration Bond Fund | 4.03% | 4.18% | 3.58% | 2.36% | 1.59% | 1.40% | 2.20% | 2.87% | 2.56% | 2.21% | 2.04% | 2.15% |
Frequently Asked Questions
GSHIX and GSSRX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSHIX has higher volatility (0.63%) compared to GSSRX (0.46%). In terms of maximum drawdown, GSHIX dropped -34.42% vs GSSRX's -9.03%.
GSSRX currently has the higher Sharpe Ratio (1.83 vs 1.34), 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.
Find the right allocation for GSHIX and GSSRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer