GSSRX vs. AGG
Compare and contrast key facts about Goldman Sachs Short Duration Bond Fund (GSSRX) and iShares Core U.S. Aggregate Bond ETF (AGG).
GSSRX is managed by Goldman Sachs. It was launched on Feb 29, 2012. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSSRX or AGG.
Key characteristics
| GSSRX | AGG | |
|---|---|---|
| YTD Return | 4.10% | 1.83% |
| 1Y Return | 7.02% | 8.19% |
| 3Y Return (Ann) | 1.44% | -2.19% |
| 5Y Return (Ann) | 1.91% | -0.18% |
| 10Y Return (Ann) | 2.04% | 1.46% |
| Sharpe Ratio | 2.94 | 1.37 |
| Sortino Ratio | 4.89 | 2.03 |
| Omega Ratio | 1.67 | 1.24 |
| Calmar Ratio | 2.11 | 0.53 |
| Martin Ratio | 18.24 | 4.90 |
| Ulcer Index | 0.39% | 1.67% |
| Daily Std Dev | 2.43% | 5.95% |
| Max Drawdown | -8.53% | -18.43% |
| Current Drawdown | -0.89% | -8.47% |
Correlation
The correlation between GSSRX and AGG is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GSSRX vs. AGG - Performance Comparison
In the year-to-date period, GSSRX achieves a 4.10% return, which is significantly higher than AGG's 1.83% return. Over the past 10 years, GSSRX has outperformed AGG with an annualized return of 2.04%, while AGG has yielded a comparatively lower 1.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GSSRX vs. AGG - Expense Ratio Comparison
GSSRX has a 0.48% expense ratio, which is higher than AGG's 0.05% expense ratio.
Risk-Adjusted Performance
GSSRX vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Short Duration Bond Fund (GSSRX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
Dividends
GSSRX vs. AGG - Dividend Comparison
GSSRX's dividend yield for the trailing twelve months is around 3.82%, more than AGG's 3.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSSRX Goldman Sachs Short Duration Bond Fund | 3.82% | 3.15% | 2.18% | 1.36% | 2.16% | 2.86% | 2.55% | 2.21% | 2.08% | 2.43% | 1.61% | 1.44% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.64% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
GSSRX vs. AGG - Drawdown Comparison
The maximum GSSRX drawdown since its inception was -8.53%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for GSSRX and AGG. For additional features, visit the drawdowns tool.
Volatility
GSSRX vs. AGG - Volatility Comparison
The current volatility for Goldman Sachs Short Duration Bond Fund (GSSRX) is 0.60%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.78%. This indicates that GSSRX experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.