GSRAX vs. GS

Last updated Jun 23, 2026

GSRAX (Goldman Sachs Rising Dividend Growth Fund) is Large Cap Blend Equities fund managed by Goldman Sachs, while GS (The Goldman Sachs Group, Inc.) is a stock. Over the past 10 years, GSRAX returned 12.78%/yr vs 25.36%/yr for GS. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

GSRAX vs. GS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Rising Dividend Growth Fund (GSRAX) and The Goldman Sachs Group, Inc. (GS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSRAX achieves a 11.61% return, which is significantly lower than GS's 27.09% return. Over the past 10 years, GSRAX has underperformed GS with an annualized return of 12.78%, while GS has yielded a comparatively higher 25.36% annualized return.

GSRAX

• 1D: 0.86%
• 1M: 2.43%
• YTD: 11.61%
• 6M: 10.74%
• 1Y: 19.04%
• 3Y*: 18.05%
• 5Y*: 12.87%
• 10Y*: 12.78%

GS

• 1D: 0.89%
• 1M: 11.49%
• YTD: 27.09%
• 6M: 24.26%
• 1Y: 76.13%
• 3Y*: 55.66%
• 5Y*: 28.17%
• 10Y*: 25.36%

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

GSRAX vs. GS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSRAX Goldman Sachs Rising Dividend Growth Fund	11.61%	6.66%	26.07%	17.49%	-7.78%	31.47%	8.75%	25.63%	-6.65%	17.59%
GS The Goldman Sachs Group, Inc.	27.09%	56.64%	52.03%	15.91%	-7.87%	47.61%	17.45%	40.48%	-33.53%	7.73%

Correlation

The correlation between GSRAX and GS is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005	0.65

The correlation between GSRAX and GS has been stable across timeframes, ranging from 0.58 to 0.68 - a consistent structural relationship.

Return for Risk

GSRAX vs. GS — Risk / Return Rank

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

GSRAX

GSRAX Risk / Return Rank: 41
GSRAX Sharpe Ratio Rank: 36
GSRAX Sortino Ratio Rank: 35
GSRAX Omega Ratio Rank: 34
GSRAX Calmar Ratio Rank: 51
GSRAX Martin Ratio Rank: 51

GS

GS Risk / Return Rank: 91
GS Sharpe Ratio Rank: 94
GS Sortino Ratio Rank: 91
GS Omega Ratio Rank: 91
GS Calmar Ratio Rank: 88
GS Martin Ratio Rank: 92

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.

GSRAX vs. GS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Rising Dividend Growth Fund (GSRAX) and The Goldman Sachs Group, Inc. (GS). 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.

	GSRAX	GS	Difference
Sharpe ratio: Return per unit of total volatility	1.62	2.69	-1.08
Sortino ratio: Return per unit of downside risk	2.29	3.29	-0.99
Omega ratio: Gain probability vs. loss probability	1.29	1.43	-0.15
Calmar ratio: Return relative to maximum drawdown	2.61	3.94	-1.33
Martin ratio: Return relative to average drawdown	9.79	13.07	-3.29

GSRAX vs. GS - Sharpe Ratio Comparison

The current GSRAX Sharpe Ratio is 1.62, which is lower than the GS Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of GSRAX and GS, 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

GSRAX vs. GS - Drawdown Comparison

The maximum GSRAX drawdown since its inception was -44.40%, smaller than the maximum GS drawdown of -78.84%. Use the drawdown chart below to compare losses from any high point for GSRAX and GS.

Drawdown Indicators

	GSRAX	GS	Difference
Max Drawdown Largest peak-to-trough decline	-44.40%	-78.84%	+34.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.32%	-19.42%	+12.10%
Max Drawdown (3Y) Largest decline over 3 years	-25.43%	-30.90%	+5.47%
Max Drawdown (5Y) Largest decline over 5 years	-25.43%	-32.84%	+7.41%
Max Drawdown (10Y) Largest decline over 10 years	-38.97%	-48.75%	+9.78%
Current Drawdown Current decline from peak	-1.09%	0.00%	-1.09%
Average Drawdown Average peak-to-trough decline	-6.06%	-22.63%	+16.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	5.84%	-3.90%

Volatility

GSRAX vs. GS - Volatility Comparison

The current volatility for Goldman Sachs Rising Dividend Growth Fund (GSRAX) is 4.24%, while The Goldman Sachs Group, Inc. (GS) has a volatility of 10.02%. This indicates that GSRAX experiences smaller price fluctuations and is considered to be less risky than GS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSRAX	GS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	10.02%	-5.78%
Volatility (6M) Calculated over the trailing 6-month period	8.87%	23.22%	-14.35%
Volatility (1Y) Calculated over the trailing 1-year period	11.82%	28.46%	-16.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.25%	28.03%	-7.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.89%	29.87%	-9.98%

Dividends

GSRAX vs. GS - Dividend Comparison

GSRAX's dividend yield for the trailing twelve months is around 11.34%, more than GS's 1.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GS The Goldman Sachs Group, Inc.	1.54%	1.59%	2.01%	2.72%	2.62%	1.70%	1.90%	1.80%	1.89%	1.14%	1.09%	1.41%
GSRAX Goldman Sachs Rising Dividend Growth Fund	11.34%	12.17%	25.88%	9.60%	14.01%	11.55%	4.39%	11.85%	97.89%	21.56%	3.16%	0.92%

Frequently Asked Questions

Can I hold both GSRAX and GS in my portfolio?

GSRAX and GS have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSRAX or GS?

GS has higher volatility (10.02%) compared to GSRAX (4.24%). In terms of maximum drawdown, GSRAX dropped -44.40% vs GS's -78.84%.

Which has better risk-adjusted returns?

GS currently has the higher Sharpe Ratio (2.69 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.