Correlation
The correlation between GSMIX and FXNAX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
GSMIX vs. FXNAX
Compare and contrast key facts about Goldman Sachs Dynamic Municipal Income Fund (GSMIX) and Fidelity U.S. Bond Index Fund (FXNAX).
GSMIX is managed by Goldman Sachs. It was launched on Jul 19, 1993. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSMIX or FXNAX.
Performance
GSMIX vs. FXNAX - Performance Comparison
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Key characteristics
GSMIX:
0.45
FXNAX:
1.12
GSMIX:
0.52
FXNAX:
1.55
GSMIX:
1.09
FXNAX:
1.18
GSMIX:
0.37
FXNAX:
0.48
GSMIX:
1.28
FXNAX:
2.53
GSMIX:
1.43%
FXNAX:
2.20%
GSMIX:
4.85%
FXNAX:
5.35%
GSMIX:
-15.43%
FXNAX:
-18.64%
GSMIX:
-2.61%
FXNAX:
-7.25%
Returns By Period
In the year-to-date period, GSMIX achieves a -1.26% return, which is significantly lower than FXNAX's 1.88% return. Over the past 10 years, GSMIX has outperformed FXNAX with an annualized return of 2.36%, while FXNAX has yielded a comparatively lower 1.46% annualized return.
GSMIX
-1.26%
0.36%
-1.80%
2.16%
2.22%
1.71%
2.36%
FXNAX
1.88%
-0.95%
0.80%
5.99%
1.18%
-1.06%
1.46%
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GSMIX vs. FXNAX - Expense Ratio Comparison
GSMIX has a 0.73% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Risk-Adjusted Performance
GSMIX vs. FXNAX — Risk-Adjusted Performance Rank
GSMIX
FXNAX
GSMIX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Dynamic Municipal Income Fund (GSMIX) and Fidelity U.S. Bond Index Fund (FXNAX). 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.
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Dividends
GSMIX vs. FXNAX - Dividend Comparison
GSMIX's dividend yield for the trailing twelve months is around 3.40%, less than FXNAX's 3.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSMIX Goldman Sachs Dynamic Municipal Income Fund | 3.40% | 3.31% | 3.09% | 2.49% | 1.92% | 2.11% | 2.39% | 2.79% | 3.00% | 3.36% | 3.43% | 3.54% |
FXNAX Fidelity U.S. Bond Index Fund | 3.47% | 3.40% | 2.92% | 2.41% | 2.06% | 3.08% | 2.69% | 2.74% | 2.58% | 2.54% | 2.75% | 2.59% |
Drawdowns
GSMIX vs. FXNAX - Drawdown Comparison
The maximum GSMIX drawdown since its inception was -15.43%, smaller than the maximum FXNAX drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for GSMIX and FXNAX.
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Volatility
GSMIX vs. FXNAX - Volatility Comparison
The current volatility for Goldman Sachs Dynamic Municipal Income Fund (GSMIX) is 0.92%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.50%. This indicates that GSMIX experiences smaller price fluctuations and is considered to be less risky than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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