GSPAX vs. GSPKX
GSPAX (Goldman Sachs U.S. Equity Dividend and Premium Fund Class A) and GSPKX (Goldman Sachs U.S. Equity Dividend and Premium Fund) are both mutual funds - GSPAX is a Dividend fund actively managed by Goldman Sachs, while GSPKX is a Large Cap Blend Equities fund managed by Goldman Sachs. Over the past 10 years, GSPAX returned 12.69%/yr vs 13.06%/yr for GSPKX. With a 1.00 correlation, they move nearly in lockstep. GSPAX charges 1.01%/yr vs 0.71%/yr for GSPKX.
Performance
GSPAX vs. GSPKX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GSPAX having a 10.39% return and GSPKX slightly higher at 10.45%. Both investments have delivered pretty close results over the past 10 years, with GSPAX having a 12.69% annualized return and GSPKX not far ahead at 13.06%.
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%
GSPKX
- 1D
- 0.10%
- 1M
- 4.77%
- YTD
- 10.45%
- 6M
- 10.93%
- 1Y
- 24.89%
- 3Y*
- 20.93%
- 5Y*
- 13.20%
- 10Y*
- 13.06%
GSPAX vs. GSPKX - 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% |
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund | 10.45% | 13.60% | 29.55% | 21.39% | -15.20% | 22.79% | 14.15% | 25.11% | -6.29% | 15.32% |
Correlation
The correlation between GSPAX and GSPKX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2006 | 1.00 |
The correlation between GSPAX and GSPKX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
GSPAX vs. GSPKX — Risk / Return Rank
GSPAX
GSPKX
GSPAX vs. GSPKX - 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 U.S. Equity Dividend and Premium Fund (GSPKX). 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 | GSPKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.50 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 3.27 | -0.08 |
| Martin ratioReturn relative to average drawdown | 16.15 | 16.67 | -0.52 |
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 | GSPKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 2.61 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.83 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.78 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.54 | -0.02 |
Drawdowns
GSPAX vs. GSPKX - Drawdown Comparison
The maximum GSPAX drawdown since its inception was -52.07%, roughly equal to the maximum GSPKX drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for GSPAX and GSPKX.
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Drawdown Indicators
| GSPAX | GSPKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -51.90% | -0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.92% | -7.83% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -20.51% | -20.51% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -22.39% | -22.34% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -32.71% | -32.70% | -0.01% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -6.00% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.53% | +0.03% |
Volatility
GSPAX vs. GSPKX - Volatility Comparison
Goldman Sachs U.S. Equity Dividend and Premium Fund Class A (GSPAX) and Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) have volatilities of 1.98% and 1.99%, 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.
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Volatility by Period
| GSPAX | GSPKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 1.99% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 7.75% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.85% | 9.82% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 15.99% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.89% | 16.90% | -0.01% |
GSPAX vs. GSPKX - Expense Ratio Comparison
GSPAX has a 1.01% expense ratio, which is higher than GSPKX's 0.71% expense ratio.
Dividends
GSPAX vs. GSPKX - Dividend Comparison
GSPAX's dividend yield for the trailing twelve months is around 5.68%, less than GSPKX's 5.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund | 5.98% | 6.32% | 12.77% | 6.48% | 6.33% | 6.01% | 7.19% | 6.86% | 7.95% | 6.13% | 5.63% | 6.29% |
Frequently Asked Questions
With a correlation of 1.00, GSPAX and GSPKX 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.
GSPKX has higher volatility (1.99%) compared to GSPAX (1.98%). In terms of maximum drawdown, GSPAX dropped -52.07% vs GSPKX's -51.90%.
GSPKX currently has the higher Sharpe Ratio (2.61 vs 2.56), 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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