GSLIX vs. HDCTX

Last updated Jun 4, 2026

GSLIX (Goldman Sachs Large Cap Value Fund) and HDCTX (Rational Equity Armor Fund) are both Large Cap Value Equities funds. Over the past 10 years, GSLIX returned 12.19%/yr vs 5.66%/yr for HDCTX. Their correlation of 0.83 suggests significant overlap in exposure. GSLIX charges 0.73%/yr vs 1.17%/yr for HDCTX.

Performance

GSLIX vs. HDCTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Large Cap Value Fund (GSLIX) and Rational Equity Armor Fund (HDCTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSLIX achieves a 14.15% return, which is significantly higher than HDCTX's 11.26% return. Over the past 10 years, GSLIX has outperformed HDCTX with an annualized return of 12.19%, while HDCTX has yielded a comparatively lower 5.66% annualized return.

GSLIX

• 1D: 1.31%
• 1M: 4.66%
• YTD: 14.15%
• 6M: 13.98%
• 1Y: 24.76%
• 3Y*: 22.61%
• 5Y*: 13.62%
• 10Y*: 12.19%

HDCTX

• 1D: 0.34%
• 1M: 4.63%
• YTD: 11.26%
• 6M: 8.64%
• 1Y: 21.27%
• 3Y*: 16.02%
• 5Y*: 7.04%
• 10Y*: 5.66%

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

GSLIX vs. HDCTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSLIX Goldman Sachs Large Cap Value Fund	14.15%	10.86%	30.73%	13.19%	-6.26%	24.00%	4.22%	26.09%	-8.64%	9.80%
HDCTX Rational Equity Armor Fund	11.26%	12.64%	16.85%	2.95%	-10.68%	14.52%	15.85%	11.32%	-11.94%	-1.99%

Correlation

The correlation between GSLIX and HDCTX is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Mar 1, 2001	0.83

The correlation between GSLIX and HDCTX shifts across timeframes, from 0.66 (3 years) to 0.83 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GSLIX vs. HDCTX — Risk / Return Rank

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

GSLIX

GSLIX Risk / Return Rank: 63
GSLIX Sharpe Ratio Rank: 55
GSLIX Sortino Ratio Rank: 53
GSLIX Omega Ratio Rank: 50
GSLIX Calmar Ratio Rank: 78
GSLIX Martin Ratio Rank: 80

HDCTX

HDCTX Risk / Return Rank: 57
HDCTX Sharpe Ratio Rank: 61
HDCTX Sortino Ratio Rank: 64
HDCTX Omega Ratio Rank: 55
HDCTX Calmar Ratio Rank: 65
HDCTX Martin Ratio Rank: 38

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.

GSLIX vs. HDCTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Large Cap Value Fund (GSLIX) and Rational Equity Armor Fund (HDCTX). 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.

	GSLIX	HDCTX	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.30	-0.12
Sortino ratio: Return per unit of downside risk	3.08	3.36	-0.28
Omega ratio: Gain probability vs. loss probability	1.39	1.41	-0.02
Calmar ratio: Return relative to maximum drawdown	3.57	3.11	+0.46
Martin ratio: Return relative to average drawdown	15.04	8.25	+6.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSLIX vs. HDCTX - Sharpe Ratio Comparison

The current GSLIX Sharpe Ratio is 2.18, which is comparable to the HDCTX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of GSLIX and HDCTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSLIX	HDCTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	2.30	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.66	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.49	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.40	+0.04

Drawdowns

GSLIX vs. HDCTX - Drawdown Comparison

The maximum GSLIX drawdown since its inception was -53.28%, smaller than the maximum HDCTX drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for GSLIX and HDCTX.

Drawdown Indicators

	GSLIX	HDCTX	Difference
Max Drawdown Largest peak-to-trough decline	-53.28%	-59.05%	+5.77%
Max Drawdown (1Y) Largest decline over 1 year	-7.18%	-6.95%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-22.42%	-11.74%	-10.68%
Max Drawdown (5Y) Largest decline over 5 years	-22.42%	-18.22%	-4.20%
Max Drawdown (10Y) Largest decline over 10 years	-36.93%	-19.43%	-17.50%
Current Drawdown Current decline from peak	0.00%	-0.83%	+0.83%
Average Drawdown Average peak-to-trough decline	-7.99%	-6.41%	-1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	2.61%	-0.92%

Volatility

GSLIX vs. HDCTX - Volatility Comparison

Goldman Sachs Large Cap Value Fund (GSLIX) and Rational Equity Armor Fund (HDCTX) have volatilities of 3.66% and 3.84%, 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.

Volatility by Period

	GSLIX	HDCTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	3.84%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	9.36%	6.95%	+2.41%
Volatility (1Y) Calculated over the trailing 1-year period	11.76%	9.39%	+2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.68%	10.67%	+8.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.04%	11.53%	+7.51%

GSLIX vs. HDCTX - Expense Ratio Comparison

GSLIX has a 0.73% expense ratio, which is lower than HDCTX's 1.17% expense ratio.

Dividends

GSLIX vs. HDCTX - Dividend Comparison

GSLIX's dividend yield for the trailing twelve months is around 12.68%, more than HDCTX's 0.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSLIX Goldman Sachs Large Cap Value Fund	12.68%	14.48%	23.46%	6.25%	9.37%	12.38%	3.54%	5.82%	13.23%	16.85%	2.08%	10.60%
HDCTX Rational Equity Armor Fund	0.18%	0.00%	0.00%	0.17%	0.78%	1.21%	1.10%	5.37%	7.86%	5.60%	3.28%	15.32%

Frequently Asked Questions

Can I hold both GSLIX and HDCTX in my portfolio?

GSLIX and HDCTX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSLIX or HDCTX?

HDCTX has higher volatility (3.84%) compared to GSLIX (3.66%). In terms of maximum drawdown, GSLIX dropped -53.28% vs HDCTX's -59.05%.

Which has better risk-adjusted returns?

HDCTX currently has the higher Sharpe Ratio (2.30 vs 2.18), 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.