GSPAX vs. HTD
GSPAX (Goldman Sachs U.S. Equity Dividend and Premium Fund Class A) and HTD (John Hancock Tax-Advantaged Dividend Income Fund) are both Dividend funds. Over the past 10 years, GSPAX returned 12.90%/yr vs 8.39%/yr for HTD. A 0.56 correlation means they provide meaningful diversification when combined. GSPAX charges 1.01%/yr vs 0.01%/yr for HTD.
Performance
GSPAX vs. HTD - Performance Comparison
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Returns By Period
In the year-to-date period, GSPAX achieves a 9.73% return, which is significantly lower than HTD's 10.88% return. Over the past 10 years, GSPAX has outperformed HTD with an annualized return of 12.90%, while HTD has yielded a comparatively lower 8.39% annualized return.
GSPAX
- 1D
- -0.25%
- 1M
- 0.86%
- YTD
- 9.73%
- 6M
- 9.13%
- 1Y
- 22.71%
- 3Y*
- 19.91%
- 5Y*
- 12.52%
- 10Y*
- 12.90%
HTD
- 1D
- 0.44%
- 1M
- -0.09%
- YTD
- 10.88%
- 6M
- 11.30%
- 1Y
- 19.61%
- 3Y*
- 17.54%
- 5Y*
- 8.06%
- 10Y*
- 8.39%
GSPAX vs. HTD - 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 | 9.73% | 13.27% | 29.10% | 21.09% | -15.36% | 22.39% | 13.66% | 24.67% | -6.63% | 14.84% |
HTD John Hancock Tax-Advantaged Dividend Income Fund | 10.88% | 15.87% | 25.68% | -9.92% | -6.24% | 32.36% | -16.54% | 42.77% | -9.13% | 16.47% |
Correlation
The correlation between GSPAX and HTD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.56 |
Over the past year, the correlation between GSPAX and HTD has dropped to 0.32 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
GSPAX vs. HTD — Risk / Return Rank
GSPAX
HTD
GSPAX vs. HTD - 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 John Hancock Tax-Advantaged Dividend Income Fund (HTD). 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.
| GSPAX | HTD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.29 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 3.18 | -0.17 |
| Martin ratioReturn relative to average drawdown | 14.93 | 8.84 | +6.09 |
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Drawdowns
GSPAX vs. HTD - Drawdown Comparison
The maximum GSPAX drawdown since its inception was -52.07%, smaller than the maximum HTD drawdown of -69.79%. Use the drawdown chart below to compare losses from any high point for GSPAX and HTD.
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Drawdown Indicators
| GSPAX | HTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -69.79% | +17.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.92% | -6.18% | -1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -20.51% | -20.94% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -22.39% | -31.58% | +9.19% |
Max Drawdown (10Y)Largest decline over 10 years | -32.71% | -56.57% | +23.86% |
Current DrawdownCurrent decline from peak | -0.60% | -1.90% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -8.78% | +2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.22% | -0.63% |
Volatility
GSPAX vs. HTD - Volatility Comparison
Goldman Sachs U.S. Equity Dividend and Premium Fund Class A (GSPAX) has a higher volatility of 3.50% compared to John Hancock Tax-Advantaged Dividend Income Fund (HTD) at 3.28%. This indicates that GSPAX's price experiences larger fluctuations and is considered to be riskier than HTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSPAX | HTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 3.28% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 8.96% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.28% | 12.21% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.06% | 17.77% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 22.63% | -5.72% |
GSPAX vs. HTD - Expense Ratio Comparison
GSPAX has a 1.01% expense ratio, which is higher than HTD's 0.01% expense ratio.
Dividends
GSPAX vs. HTD - Dividend Comparison
GSPAX's dividend yield for the trailing twelve months is around 5.71%, less than HTD's 7.51% 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 | 5.71% | 6.05% | 12.41% | 6.14% | 6.12% | 5.67% | 6.81% | 6.47% | 7.50% | 5.73% | 5.25% | 5.86% |
HTD John Hancock Tax-Advantaged Dividend Income Fund | 7.51% | 7.51% | 7.52% | 8.73% | 7.36% | 5.80% | 7.97% | 6.06% | 10.09% | 8.85% | 7.30% | 7.06% |
Frequently Asked Questions
GSPAX and HTD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSPAX has higher volatility (3.50%) compared to HTD (3.28%). In terms of maximum drawdown, GSPAX dropped -52.07% vs HTD's -69.79%.
GSPAX currently has the higher Sharpe Ratio (2.32 vs 1.62), 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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