GSPAX vs. GCGIX
GSPAX (Goldman Sachs U.S. Equity Dividend and Premium Fund Class A) and GCGIX (Goldman Sachs Large Cap Growth Insights Fund) are both mutual funds - GSPAX is a Dividend fund actively managed by Goldman Sachs, while GCGIX is a Large Cap Growth Equities fund managed by Goldman Sachs. Over the past 10 years, GSPAX returned 12.69%/yr vs 18.09%/yr for GCGIX. Their correlation of 0.92 suggests significant overlap in exposure. GSPAX charges 1.01%/yr vs 0.54%/yr for GCGIX.
Performance
GSPAX vs. GCGIX - Performance Comparison
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Returns By Period
In the year-to-date period, GSPAX achieves a 10.39% return, which is significantly higher than GCGIX's 6.18% return. Over the past 10 years, GSPAX has underperformed GCGIX with an annualized return of 12.69%, while GCGIX has yielded a comparatively higher 18.09% annualized return.
GSPAX
- 1D
- 0.15%
- 1M
- 4.80%
- YTD
- 10.39%
- 6M
- 10.76%
- 1Y
- 24.52%
- 3Y*
- 20.59%
- 5Y*
- 12.89%
- 10Y*
- 12.69%
GCGIX
- 1D
- -0.31%
- 1M
- 6.79%
- YTD
- 6.18%
- 6M
- 5.96%
- 1Y
- 23.70%
- 3Y*
- 28.63%
- 5Y*
- 16.85%
- 10Y*
- 18.09%
GSPAX vs. GCGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSPAX Goldman Sachs U.S. Equity Dividend and Premium Fund Class A | 10.39% | 13.27% | 29.10% | 21.09% | -15.36% | 22.39% | 13.66% | 24.67% | -6.63% | 14.84% |
GCGIX Goldman Sachs Large Cap Growth Insights Fund | 6.18% | 15.51% | 53.44% | 37.56% | -29.62% | 29.10% | 32.21% | 29.70% | -4.58% | 29.75% |
Correlation
The correlation between GSPAX and GCGIX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2006 | 0.92 |
The correlation between GSPAX and GCGIX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
GSPAX vs. GCGIX — Risk / Return Rank
GSPAX
GCGIX
GSPAX vs. GCGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs U.S. Equity Dividend and Premium Fund Class A (GSPAX) and Goldman Sachs Large Cap Growth Insights Fund (GCGIX). 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.
| GSPAX | GCGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.28 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 1.44 | +1.75 |
| Martin ratioReturn relative to average drawdown | 16.15 | 4.71 | +11.44 |
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
| GSPAX | GCGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 1.59 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.76 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.84 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.46 | +0.06 |
Drawdowns
GSPAX vs. GCGIX - Drawdown Comparison
The maximum GSPAX drawdown since its inception was -52.07%, smaller than the maximum GCGIX drawdown of -65.78%. Use the drawdown chart below to compare losses from any high point for GSPAX and GCGIX.
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Drawdown Indicators
| GSPAX | GCGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -65.78% | +13.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.92% | -17.25% | +9.33% |
Max Drawdown (3Y)Largest decline over 3 years | -20.51% | -25.10% | +4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -22.39% | -32.57% | +10.18% |
Max Drawdown (10Y)Largest decline over 10 years | -32.71% | -32.94% | +0.23% |
Current DrawdownCurrent decline from peak | 0.00% | -0.31% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -20.82% | +14.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 5.25% | -3.69% |
Volatility
GSPAX vs. GCGIX - Volatility Comparison
The current volatility for Goldman Sachs U.S. Equity Dividend and Premium Fund Class A (GSPAX) is 1.98%, while Goldman Sachs Large Cap Growth Insights Fund (GCGIX) has a volatility of 3.25%. This indicates that GSPAX experiences smaller price fluctuations and is considered to be less risky than GCGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSPAX | GCGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 3.25% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 11.81% | -4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.85% | 15.66% | -5.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 22.23% | -6.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.89% | 21.55% | -4.66% |
GSPAX vs. GCGIX - Expense Ratio Comparison
GSPAX has a 1.01% expense ratio, which is higher than GCGIX's 0.54% expense ratio.
Dividends
GSPAX vs. GCGIX - Dividend Comparison
GSPAX's dividend yield for the trailing twelve months is around 5.68%, less than GCGIX's 7.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCGIX Goldman Sachs Large Cap Growth Insights Fund | 7.06% | 7.50% | 23.16% | 7.08% | 19.27% | 42.43% | 9.71% | 4.02% | 10.10% | 4.76% | 0.76% | 0.87% |
GSPAX Goldman Sachs U.S. Equity Dividend and Premium Fund Class A | 5.68% | 6.05% | 12.41% | 6.14% | 6.12% | 5.67% | 6.81% | 6.47% | 7.50% | 5.73% | 5.25% | 5.86% |
Frequently Asked Questions
With a correlation of 0.90, GSPAX and GCGIX 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.
GCGIX has higher volatility (3.25%) compared to GSPAX (1.98%). In terms of maximum drawdown, GSPAX dropped -52.07% vs GCGIX's -65.78%.
GSPAX currently has the higher Sharpe Ratio (2.56 vs 1.59), 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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