GSPKX vs. AHIFX

Last updated Jun 23, 2026

GSPKX (Goldman Sachs U.S. Equity Dividend and Premium Fund) and AHIFX (American Funds American High-Inc F2) are both mutual funds - GSPKX is a Large Cap Blend Equities fund managed by Goldman Sachs, while AHIFX is a High Yield Bonds fund managed by American Funds. Over the past 10 years, GSPKX returned 13.09%/yr vs 6.07%/yr for AHIFX. At a 0.43 correlation, their price movements are largely independent. GSPKX charges 0.71%/yr vs 0.43%/yr for AHIFX.

Performance

GSPKX vs. AHIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) and American Funds American High-Inc F2 (AHIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSPKX achieves a 10.12% return, which is significantly higher than AHIFX's 1.99% return. Over the past 10 years, GSPKX has outperformed AHIFX with an annualized return of 13.09%, while AHIFX has yielded a comparatively lower 6.07% annualized return.

GSPKX

• 1D: 0.96%
• 1M: 1.12%
• YTD: 10.12%
• 6M: 9.88%
• 1Y: 24.30%
• 3Y*: 19.91%
• 5Y*: 13.19%
• 10Y*: 13.09%

AHIFX

• 1D: 0.00%
• 1M: 0.73%
• YTD: 1.99%
• 6M: 2.67%
• 1Y: 7.76%
• 3Y*: 9.34%
• 5Y*: 4.52%
• 10Y*: 6.07%

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

GSPKX vs. AHIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund	10.12%	13.60%	29.55%	21.39%	-15.20%	22.79%	14.15%	25.11%	-6.29%	15.32%
AHIFX American Funds American High-Inc F2	1.99%	8.57%	9.80%	11.17%	-10.18%	8.62%	7.32%	12.15%	-1.57%	7.56%

Correlation

The correlation between GSPKX and AHIFX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009	0.43

Over the past year, GSPKX and AHIFX have become more correlated (0.64) than their long-term average of 0.43, meaning their price movements have been converging.

Return for Risk

GSPKX vs. AHIFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GSPKX

GSPKX Risk / Return Rank: 77
GSPKX Sharpe Ratio Rank: 78
GSPKX Sortino Ratio Rank: 74
GSPKX Omega Ratio Rank: 76
GSPKX Calmar Ratio Rank: 71
GSPKX Martin Ratio Rank: 87

AHIFX

AHIFX Risk / Return Rank: 82
AHIFX Sharpe Ratio Rank: 74
AHIFX Sortino Ratio Rank: 89
AHIFX Omega Ratio Rank: 83
AHIFX Calmar Ratio Rank: 78
AHIFX Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GSPKX vs. AHIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) and American Funds American High-Inc F2 (AHIFX). 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.

	GSPKX	AHIFX	Difference
Sharpe ratio: Return per unit of total volatility	2.38	2.30	+0.08
Sortino ratio: Return per unit of downside risk	3.27	3.98	-0.71
Omega ratio: Gain probability vs. loss probability	1.45	1.51	-0.05
Calmar ratio: Return relative to maximum drawdown	3.10	3.32	-0.22
Martin ratio: Return relative to average drawdown	15.48	14.78	+0.70

GSPKX vs. AHIFX - Sharpe Ratio Comparison

The current GSPKX Sharpe Ratio is 2.38, which is comparable to the AHIFX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of GSPKX and AHIFX, 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

GSPKX vs. AHIFX - Drawdown Comparison

The maximum GSPKX drawdown since its inception was -51.90%, which is greater than AHIFX's maximum drawdown of -21.21%. Use the drawdown chart below to compare losses from any high point for GSPKX and AHIFX.

Drawdown Indicators

	GSPKX	AHIFX	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-21.21%	-30.69%
Max Drawdown (1Y) Largest decline over 1 year	-7.83%	-2.41%	-5.42%
Max Drawdown (3Y) Largest decline over 3 years	-20.51%	-3.93%	-16.58%
Max Drawdown (5Y) Largest decline over 5 years	-22.34%	-13.80%	-8.54%
Max Drawdown (10Y) Largest decline over 10 years	-32.70%	-21.21%	-11.49%
Current Drawdown Current decline from peak	-0.30%	-0.30%	0.00%
Average Drawdown Average peak-to-trough decline	-5.98%	-2.19%	-3.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	0.54%	+1.02%

Volatility

GSPKX vs. AHIFX - Volatility Comparison

Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) has a higher volatility of 3.52% compared to American Funds American High-Inc F2 (AHIFX) at 1.05%. This indicates that GSPKX's price experiences larger fluctuations and is considered to be riskier than AHIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSPKX	AHIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	1.05%	+2.47%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	2.69%	+5.65%
Volatility (1Y) Calculated over the trailing 1-year period	10.22%	3.49%	+6.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.05%	5.01%	+11.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.92%	5.50%	+11.42%

GSPKX vs. AHIFX - Expense Ratio Comparison

GSPKX has a 0.71% expense ratio, which is higher than AHIFX's 0.43% expense ratio.

Dividends

GSPKX vs. AHIFX - Dividend Comparison

GSPKX's dividend yield for the trailing twelve months is around 6.00%, less than AHIFX's 6.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AHIFX American Funds American High-Inc F2	6.56%	6.53%	6.56%	5.64%	4.42%	4.54%	6.08%	6.45%	6.56%	6.24%	5.26%	7.17%
GSPKX Goldman Sachs U.S. Equity Dividend and Premium Fund	6.00%	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

Can I hold both GSPKX and AHIFX in my portfolio?

GSPKX and AHIFX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSPKX or AHIFX?

GSPKX has higher volatility (3.52%) compared to AHIFX (1.05%). In terms of maximum drawdown, GSPKX dropped -51.90% vs AHIFX's -21.21%.

Which has better risk-adjusted returns?

GSPKX currently has the higher Sharpe Ratio (2.38 vs 2.29), 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.