GSMIX vs. GSRAX
Compare and contrast key facts about Goldman Sachs Dynamic Municipal Income Fund (GSMIX) and Goldman Sachs Rising Dividend Growth Fund (GSRAX).
GSMIX is managed by Goldman Sachs. It was launched on Jul 19, 1993. GSRAX is managed by Goldman Sachs. It was launched on Mar 23, 2004.
Performance
GSMIX vs. GSRAX - Performance Comparison
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GSMIX vs. GSRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSMIX Goldman Sachs Dynamic Municipal Income Fund | -0.49% | 4.12% | 3.03% | 6.41% | -9.77% | 2.80% | 3.57% | 7.49% | 2.83% | 5.55% |
GSRAX Goldman Sachs Rising Dividend Growth Fund | -1.37% | 6.66% | 26.07% | 17.49% | -7.78% | 31.47% | 8.75% | 25.63% | -6.65% | 17.59% |
Returns By Period
In the year-to-date period, GSMIX achieves a -0.49% return, which is significantly higher than GSRAX's -1.37% return. Over the past 10 years, GSMIX has underperformed GSRAX with an annualized return of 2.42%, while GSRAX has yielded a comparatively higher 11.53% annualized return.
GSMIX
- 1D
- 0.07%
- 1M
- -2.39%
- YTD
- -0.49%
- 6M
- 0.78%
- 1Y
- 3.18%
- 3Y*
- 3.53%
- 5Y*
- 0.95%
- 10Y*
- 2.42%
GSRAX
- 1D
- -0.43%
- 1M
- -7.23%
- YTD
- -1.37%
- 6M
- -1.84%
- 1Y
- 6.92%
- 3Y*
- 14.48%
- 5Y*
- 11.29%
- 10Y*
- 11.53%
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GSMIX vs. GSRAX - Expense Ratio Comparison
GSMIX has a 0.73% expense ratio, which is lower than GSRAX's 1.03% expense ratio.
Return for Risk
GSMIX vs. GSRAX — Risk / Return Rank
GSMIX
GSRAX
GSMIX vs. GSRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Dynamic Municipal Income Fund (GSMIX) and Goldman Sachs Rising Dividend Growth Fund (GSRAX). 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.
| GSMIX | GSRAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.44 | +0.47 |
Sortino ratioReturn per unit of downside risk | 1.26 | 0.75 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.11 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.40 | +0.48 |
Martin ratioReturn relative to average drawdown | 3.14 | 1.84 | +1.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GSMIX | GSRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.44 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.56 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.58 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.46 | +0.49 |
Correlation
The correlation between GSMIX and GSRAX is -0.06. 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.
Dividends
GSMIX vs. GSRAX - Dividend Comparison
GSMIX's dividend yield for the trailing twelve months is around 3.52%, less than GSRAX's 12.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSMIX Goldman Sachs Dynamic Municipal Income Fund | 3.52% | 4.32% | 3.31% | 2.82% | 1.86% | 1.92% | 2.11% | 2.57% | 2.79% | 2.99% | 3.35% | 3.43% |
GSRAX Goldman Sachs Rising Dividend Growth Fund | 12.83% | 12.17% | 25.88% | 9.60% | 14.01% | 11.55% | 4.39% | 11.85% | 97.89% | 21.56% | 3.16% | 0.92% |
Drawdowns
GSMIX vs. GSRAX - Drawdown Comparison
The maximum GSMIX drawdown since its inception was -15.43%, smaller than the maximum GSRAX drawdown of -44.40%. Use the drawdown chart below to compare losses from any high point for GSMIX and GSRAX.
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Drawdown Indicators
| GSMIX | GSRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.43% | -44.40% | +28.97% |
Max Drawdown (1Y)Largest decline over 1 year | -4.44% | -12.84% | +8.40% |
Max Drawdown (5Y)Largest decline over 5 years | -14.33% | -25.43% | +11.10% |
Max Drawdown (10Y)Largest decline over 10 years | -14.33% | -38.97% | +24.64% |
Current DrawdownCurrent decline from peak | -2.39% | -9.35% | +6.96% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -6.10% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 2.87% | -1.62% |
Volatility
GSMIX vs. GSRAX - Volatility Comparison
The current volatility for Goldman Sachs Dynamic Municipal Income Fund (GSMIX) is 0.88%, while Goldman Sachs Rising Dividend Growth Fund (GSRAX) has a volatility of 3.97%. This indicates that GSMIX experiences smaller price fluctuations and is considered to be less risky than GSRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSMIX | GSRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 3.97% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 8.75% | -7.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 17.30% | -12.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.64% | 20.22% | -16.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.90% | 19.85% | -15.95% |