GSRAX vs. SPY
Compare and contrast key facts about Goldman Sachs Rising Dividend Growth Fund (GSRAX) and State Street SPDR S&P 500 ETF (SPY).
GSRAX is managed by Goldman Sachs. It was launched on Mar 23, 2004. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
GSRAX vs. SPY - Performance Comparison
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GSRAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSRAX Goldman Sachs Rising Dividend Growth Fund | -1.37% | 6.66% | 26.07% | 17.49% | -7.78% | 31.47% | 8.75% | 25.63% | -6.65% | 17.59% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, GSRAX achieves a -1.37% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, GSRAX has underperformed SPY with an annualized return of 11.53%, while SPY has yielded a comparatively higher 13.98% annualized return.
GSRAX
- 1D
- -0.43%
- 1M
- -7.23%
- YTD
- -1.37%
- 6M
- -1.84%
- 1Y
- 6.92%
- 3Y*
- 14.48%
- 5Y*
- 11.29%
- 10Y*
- 11.53%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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GSRAX vs. SPY - Expense Ratio Comparison
GSRAX has a 1.03% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
GSRAX vs. SPY — Risk / Return Rank
GSRAX
SPY
GSRAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Rising Dividend Growth Fund (GSRAX) and State Street SPDR S&P 500 ETF (SPY). 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.
| GSRAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 0.93 | -0.48 |
Sortino ratioReturn per unit of downside risk | 0.75 | 1.45 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.53 | -1.12 |
Martin ratioReturn relative to average drawdown | 1.84 | 7.30 | -5.46 |
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
| GSRAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.93 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.69 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.78 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.56 | -0.10 |
Correlation
The correlation between GSRAX and SPY is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GSRAX vs. SPY - Dividend Comparison
GSRAX's dividend yield for the trailing twelve months is around 12.83%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSRAX Goldman Sachs Rising Dividend Growth Fund | 12.83% | 12.17% | 25.88% | 9.60% | 14.01% | 11.55% | 4.39% | 11.85% | 97.89% | 21.56% | 3.16% | 0.92% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
GSRAX vs. SPY - Drawdown Comparison
The maximum GSRAX drawdown since its inception was -44.40%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GSRAX and SPY.
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Drawdown Indicators
| GSRAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.40% | -55.19% | +10.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.84% | -12.05% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -24.50% | -0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -38.97% | -33.72% | -5.25% |
Current DrawdownCurrent decline from peak | -9.35% | -6.24% | -3.11% |
Average DrawdownAverage peak-to-trough decline | -6.10% | -9.09% | +2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.52% | +0.35% |
Volatility
GSRAX vs. SPY - Volatility Comparison
The current volatility for Goldman Sachs Rising Dividend Growth Fund (GSRAX) is 3.97%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that GSRAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSRAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 5.31% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | 9.47% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 19.05% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.22% | 17.06% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.85% | 17.92% | +1.93% |