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GSRAX vs. GSCMX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GSRAX vs. GSCMX

Last updated Jun 23, 2026

GSRAX (Goldman Sachs Rising Dividend Growth Fund) and GSCMX (Goldman Sachs Income Fund) are both mutual funds - GSRAX is a Large Cap Blend Equities fund managed by Goldman Sachs, while GSCMX is a Multisector Bonds fund managed by Goldman Sachs. Over the past 5 years, GSRAX returned 12.87%/yr vs 2.93%/yr for GSCMX. At a 0.38 correlation, their price movements are largely independent. GSRAX charges 1.03%/yr vs 0.72%/yr for GSCMX.

Performance

GSRAX vs. GSCMX - Performance Comparison

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

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Returns By Period

In the year-to-date period, GSRAX achieves a 11.61% return, which is significantly higher than GSCMX's 0.69% 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%

GSCMX

1D
0.11%
1M
0.82%
YTD
0.69%
6M
1.17%
1Y
5.53%
3Y*
7.60%
5Y*
2.93%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GSRAX vs. GSCMX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
GSRAX
Goldman Sachs Rising Dividend Growth Fund		11.61%6.66%26.07%17.49%-7.78%31.47%8.75%3.93%
GSCMX
Goldman Sachs Income Fund		0.69%8.70%6.13%10.60%-10.75%0.42%9.24%1.17%

Correlation

The correlation between GSRAX and GSCMX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Dec 3, 2019

0.38

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Goldman Sachs Rising Dividend Growth Fund

Goldman Sachs Income Fund

Often compared with GSRAX:
GSRAX vs. SPYGSRAX vs. VOOGSRAX vs. FAGIXGSRAX vs. FLCNXGSRAX vs. GSGSRAX vs. IUSGGSRAX vs. DIVB
Often compared with GSCMX:
GSCMX vs. VTIGSCMX vs. VOOGSCMX vs. IUSGGSCMX vs. CBRDXGSCMX vs. BWDTXGSCMX vs. ANGLXGSCMX vs. AXSIX

Return for Risk

GSRAX vs. GSCMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GSRAX
GSRAX Risk / Return Rank: 4141
Overall Rank
GSRAX Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
GSRAX Sortino Ratio Rank: 3535
Sortino Ratio Rank
GSRAX Omega Ratio Rank: 3434
Omega Ratio Rank
GSRAX Calmar Ratio Rank: 5151
Calmar Ratio Rank
GSRAX Martin Ratio Rank: 5151
Martin Ratio Rank
GSCMX
GSCMX Risk / Return Rank: 4545
Overall Rank
GSCMX Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
GSCMX Sortino Ratio Rank: 5252
Sortino Ratio Rank
GSCMX Omega Ratio Rank: 5353
Omega Ratio Rank
GSCMX Calmar Ratio Rank: 3030
Calmar Ratio Rank
GSCMX Martin Ratio Rank: 4545
Martin Ratio Rank
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. GSCMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Rising Dividend Growth Fund (GSRAX) and Goldman Sachs Income Fund (GSCMX). 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.

GSRAXGSCMXDifference
Sharpe ratioReturn per unit of total volatility
1.62
1.79

-0.17

Sortino ratioReturn per unit of downside risk
2.29
2.79

-0.49

Omega ratioGain probability vs. loss probability

1.29

1.37

-0.08

Calmar ratioReturn relative to maximum drawdown

2.61

1.95

+0.66

Martin ratioReturn relative to average drawdown

9.79

8.99

+0.80

GSRAX vs. GSCMX - Sharpe Ratio Comparison

The current GSRAX Sharpe Ratio is 1.62, which is comparable to the GSCMX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of GSRAX and GSCMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GSRAX vs. GSCMX - Drawdown Comparison

The maximum GSRAX drawdown since its inception was -44.40%, which is greater than GSCMX's maximum drawdown of -20.12%. Use the drawdown chart below to compare losses from any high point for GSRAX and GSCMX.

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Drawdown Indicators

GSRAXGSCMXDifference

Max Drawdown

Largest peak-to-trough decline

-44.40%

-20.12%

-24.28%

Max Drawdown (1Y)

Largest decline over 1 year

-7.32%

-2.93%

-4.39%

Max Drawdown (3Y)

Largest decline over 3 years

-25.43%

-3.24%

-22.19%

Max Drawdown (5Y)

Largest decline over 5 years

-25.43%

-18.20%

-7.23%

Max Drawdown (10Y)

Largest decline over 10 years

-38.97%

—

—

Current Drawdown

Current decline from peak

-1.09%

-0.22%

-0.87%

Average Drawdown

Average peak-to-trough decline

-6.06%

-3.79%

-2.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

0.63%

+1.31%

Volatility

GSRAX vs. GSCMX - Volatility Comparison

Goldman Sachs Rising Dividend Growth Fund (GSRAX) has a higher volatility of 4.24% compared to Goldman Sachs Income Fund (GSCMX) at 0.92%. This indicates that GSRAX's price experiences larger fluctuations and is considered to be riskier than GSCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GSRAXGSCMXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.24%

0.92%

+3.32%

Volatility (6M)

Calculated over the trailing 6-month period

8.87%

2.61%

+6.26%

Volatility (1Y)

Calculated over the trailing 1-year period

11.82%

3.19%

+8.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.25%

4.38%

+15.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.89%

5.77%

+14.12%

GSRAX vs. GSCMX - Expense Ratio Comparison

GSRAX has a 1.03% expense ratio, which is higher than GSCMX's 0.72% expense ratio.

Dividends

GSRAX vs. GSCMX - Dividend Comparison

GSRAX's dividend yield for the trailing twelve months is around 11.34%, more than GSCMX's 5.09% yield.

PositionTTM20252024202320222021202020192018201720162015
GSCMX
Goldman Sachs Income Fund		5.09%5.09%5.39%4.71%8.43%3.51%3.95%0.27%0.00%0.00%0.00%0.00%
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

GSRAX and GSCMX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GSRAX has higher volatility (4.24%) compared to GSCMX (0.92%). In terms of maximum drawdown, GSRAX dropped -44.40% vs GSCMX's -20.12%.

GSCMX currently has the higher Sharpe Ratio (1.79 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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