GSHIX vs. PRHYX
GSHIX (Goldman Sachs High Yield Fund) and PRHYX (T. Rowe Price High Yield Fund) are both High Yield Bonds funds. Over the past 10 years, GSHIX returned 4.77%/yr vs 6.43%/yr for PRHYX. Their correlation of 0.81 suggests significant overlap in exposure. GSHIX charges 0.71%/yr vs 0.70%/yr for PRHYX.
Performance
GSHIX vs. PRHYX - Performance Comparison
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Returns By Period
In the year-to-date period, GSHIX achieves a 1.06% return, which is significantly lower than PRHYX's 1.39% return. Over the past 10 years, GSHIX has underperformed PRHYX with an annualized return of 4.77%, while PRHYX has yielded a comparatively higher 6.43% annualized return.
GSHIX
- 1D
- 0.00%
- 1M
- 0.72%
- YTD
- 1.06%
- 6M
- 1.79%
- 1Y
- 6.50%
- 3Y*
- 8.00%
- 5Y*
- 2.97%
- 10Y*
- 4.77%
PRHYX
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 1.39%
- 6M
- 2.08%
- 1Y
- 6.57%
- 3Y*
- 11.74%
- 5Y*
- 6.21%
- 10Y*
- 6.43%
GSHIX vs. PRHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSHIX Goldman Sachs High Yield Fund | 1.06% | 8.53% | 6.91% | 12.46% | -13.80% | 4.13% | 5.48% | 15.54% | -3.69% | 6.19% |
PRHYX T. Rowe Price High Yield Fund | 1.39% | 10.44% | 12.07% | 20.05% | -12.48% | 5.22% | 4.99% | 14.69% | -3.30% | 7.40% |
Correlation
The correlation between GSHIX and PRHYX is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 1997 | 0.81 |
The correlation between GSHIX and PRHYX shifts across timeframes, from 0.63 (1 year) to 0.81 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
GSHIX vs. PRHYX — Risk / Return Rank
GSHIX
PRHYX
GSHIX vs. PRHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs High Yield Fund (GSHIX) and T. Rowe Price High Yield Fund (PRHYX). 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 | PRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.47 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 3.03 | -0.57 |
| Martin ratioReturn relative to average drawdown | 12.68 | 14.55 | -1.87 |
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Drawdowns
GSHIX vs. PRHYX - Drawdown Comparison
The maximum GSHIX drawdown since its inception was -34.42%, which is greater than PRHYX's maximum drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for GSHIX and PRHYX.
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Drawdown Indicators
| GSHIX | PRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.42% | -30.79% | -3.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.17% | -0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -4.41% | -3.33% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.60% | -16.43% | -1.17% |
Max Drawdown (10Y)Largest decline over 10 years | -23.06% | -22.10% | -0.96% |
Current DrawdownCurrent decline from peak | -0.18% | -0.50% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -3.63% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 0.45% | +0.06% |
Volatility
GSHIX vs. PRHYX - Volatility Comparison
Goldman Sachs High Yield Fund (GSHIX) and T. Rowe Price High Yield Fund (PRHYX) have volatilities of 0.94% and 0.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSHIX | PRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.95% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.52% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.49% | 3.18% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.07% | 5.34% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 5.59% | +0.28% |
GSHIX vs. PRHYX - Expense Ratio Comparison
GSHIX has a 0.71% expense ratio, which is higher than PRHYX's 0.70% expense ratio.
Dividends
GSHIX vs. PRHYX - Dividend Comparison
GSHIX's dividend yield for the trailing twelve months is around 6.52%, less than PRHYX's 6.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSHIX Goldman Sachs High Yield Fund | 6.52% | 6.53% | 6.47% | 6.01% | 4.41% | 4.83% | 5.45% | 5.64% | 5.85% | 5.42% | 5.54% | 6.33% |
PRHYX T. Rowe Price High Yield Fund | 6.74% | 8.33% | 11.50% | 11.49% | 4.68% | 5.09% | 5.19% | 5.48% | 6.25% | 5.49% | 6.02% | 6.45% |
Frequently Asked Questions
GSHIX and PRHYX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRHYX has higher volatility (0.95%) compared to GSHIX (0.94%). In terms of maximum drawdown, GSHIX dropped -34.42% vs PRHYX's -30.79%.
PRHYX currently has the higher Sharpe Ratio (2.07 vs 1.88), 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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