GSMYX vs. CTIGX

Last updated Aug 1, 2026

GSMYX (Goldman Sachs Small/Mid Cap Growth Fund) and CTIGX (Calamos Timpani SMID Growth Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, GSMYX returned 1.31%/yr vs 7.68%/yr for CTIGX. Their correlation of 0.93 means they have usually moved in the same direction. GSMYX charges 0.89%/yr vs 1.10%/yr for CTIGX.

Performance

GSMYX vs. CTIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Small/Mid Cap Growth Fund (GSMYX) and Calamos Timpani SMID Growth Fund (CTIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GSMYX having a 13.73% return and CTIGX slightly lower at 13.72%.

GSMYX

• 1D: 3.00%
• 1M: -5.82%
• 6M: 10.39%
• YTD: 13.73%
• 1Y: 22.40%
• 3Y*: 9.73%
• 5Y*: 1.31%
• 10Y*: 11.11%
• ALL TIME*: 10.67%

CTIGX

• 1D: 3.61%
• 1M: -9.09%
• 6M: 13.72%
• YTD: 13.72%
• 1Y: 33.66%
• 3Y*: 25.27%
• 5Y*: 7.68%
• 10Y*: —
• ALL TIME*: 13.26%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CTIGX Calamos Timpani SMID Growth Fund	$0.00	$0.00	$0.00
GSMYX Goldman Sachs Small/Mid Cap Growth Fund	$0.00	$0.00	$0.00

GSMYX vs. CTIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GSMYX Goldman Sachs Small/Mid Cap Growth Fund	13.73%	2.15%	12.88%	14.28%	-28.45%	7.93%	53.14%	5.67%
CTIGX Calamos Timpani SMID Growth Fund	13.72%	21.21%	44.09%	12.26%	-34.88%	7.64%	58.94%	-3.80%

Correlation

The correlation between GSMYX and CTIGX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Jul 31, 2019	0.93

The correlation between GSMYX and CTIGX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

GSMYX vs. CTIGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GSMYX

GSMYX Risk / Return Rank: 27
GSMYX Sharpe Ratio Rank: 23
GSMYX Sortino Ratio Rank: 24
GSMYX Omega Ratio Rank: 22
GSMYX Calmar Ratio Rank: 33
GSMYX Martin Ratio Rank: 35

CTIGX

CTIGX Risk / Return Rank: 43
CTIGX Sharpe Ratio Rank: 35
CTIGX Sortino Ratio Rank: 35
CTIGX Omega Ratio Rank: 33
CTIGX Calmar Ratio Rank: 52
CTIGX Martin Ratio Rank: 62

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GSMYX vs. CTIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Small/Mid Cap Growth Fund (GSMYX) and Calamos Timpani SMID Growth Fund (CTIGX). 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.

	GSMYX	CTIGX	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.10	-0.24
Sortino ratio: Return per unit of downside risk	1.34	1.61	-0.27
Omega ratio: Gain probability vs. loss probability	1.16	1.20	-0.04
Calmar ratio: Return relative to maximum drawdown	1.52	1.90	-0.38
Martin ratio: Return relative to average drawdown	5.34	7.98	-2.65

GSMYX vs. CTIGX - Sharpe Ratio Comparison

The current GSMYX Sharpe Ratio is 0.85, which is comparable to the CTIGX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of GSMYX and CTIGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GSMYX vs. CTIGX - Drawdown Comparison

The maximum GSMYX drawdown since its inception was -55.00%, which is greater than CTIGX's maximum drawdown of -46.26%. Use the drawdown chart below to compare losses from any high point for GSMYX and CTIGX.

Drawdown Indicators

	GSMYX	CTIGX	Difference
Max Drawdown Largest peak-to-trough decline	-55.00%	-46.26%	-8.74%
Max Drawdown (1Y) Largest decline over 1 year	-12.56%	-16.83%	+4.27%
Max Drawdown (3Y) Largest decline over 3 years	-29.90%	-29.30%	-0.60%
Max Drawdown (5Y) Largest decline over 5 years	-42.51%	-46.26%	+3.75%
Max Drawdown (10Y) Largest decline over 10 years	-42.51%	—	—
Current Drawdown Current decline from peak	-8.90%	-13.83%	+4.93%
Average Drawdown Average peak-to-trough decline	-10.84%	-18.30%	+7.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	4.00%	-0.42%

Volatility

GSMYX vs. CTIGX - Volatility Comparison

The current volatility for Goldman Sachs Small/Mid Cap Growth Fund (GSMYX) is 6.57%, while Calamos Timpani SMID Growth Fund (CTIGX) has a volatility of 9.62%. This indicates that GSMYX experiences smaller price fluctuations and is considered to be less risky than CTIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSMYX	CTIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.57%	9.62%	-3.05%
Volatility (6M) Calculated over the trailing 6-month period	18.49%	23.84%	-5.35%
Volatility (1Y) Calculated over the trailing 1-year period	22.39%	29.20%	-6.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.97%	27.53%	-3.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.82%	29.28%	-6.46%

GSMYX vs. CTIGX - Expense Ratio Comparison

GSMYX has a 0.89% expense ratio, which is lower than CTIGX's 1.10% expense ratio.

Dividends

GSMYX vs. CTIGX - Dividend Comparison

GSMYX's dividend yield for the trailing twelve months is around 13.86%, more than CTIGX's 4.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CTIGX Calamos Timpani SMID Growth Fund	4.03%	4.59%	2.80%	0.00%	0.00%	11.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GSMYX Goldman Sachs Small/Mid Cap Growth Fund	13.86%	15.76%	0.67%	0.00%	0.00%	14.07%	13.51%	14.27%	20.82%	12.92%	3.50%	3.62%

Frequently Asked Questions

Can I hold both GSMYX and CTIGX in my portfolio?

With a correlation of 0.91, GSMYX and CTIGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GSMYX or CTIGX?

CTIGX has higher volatility (9.62%) compared to GSMYX (6.57%). In terms of maximum drawdown, GSMYX dropped -55.00% vs CTIGX's -46.26%.

Which has better risk-adjusted returns?

CTIGX currently has the higher Sharpe Ratio (1.10 vs 0.85), 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.