GSSRX vs. ASBAX
Compare and contrast key facts about Goldman Sachs Short Duration Bond Fund (GSSRX) and American Funds Short-Term Bond Fund of America (ASBAX).
GSSRX is managed by Goldman Sachs. It was launched on Feb 29, 2012. ASBAX is managed by American Funds. It was launched on Oct 2, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSSRX or ASBAX.
Correlation
The correlation between GSSRX and ASBAX is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GSSRX vs. ASBAX - Performance Comparison
Key characteristics
GSSRX:
2.87
ASBAX:
2.95
GSSRX:
5.03
ASBAX:
5.35
GSSRX:
1.71
ASBAX:
1.77
GSSRX:
5.60
ASBAX:
3.11
GSSRX:
15.73
ASBAX:
18.37
GSSRX:
0.40%
ASBAX:
0.33%
GSSRX:
2.20%
ASBAX:
2.08%
GSSRX:
-8.54%
ASBAX:
-6.83%
GSSRX:
-0.31%
ASBAX:
-0.21%
Returns By Period
In the year-to-date period, GSSRX achieves a 1.29% return, which is significantly lower than ASBAX's 1.74% return. Over the past 10 years, GSSRX has outperformed ASBAX with an annualized return of 2.21%, while ASBAX has yielded a comparatively lower 1.30% annualized return.
GSSRX
1.29%
0.00%
2.10%
6.41%
2.22%
2.21%
ASBAX
1.74%
0.56%
2.57%
6.25%
1.12%
1.30%
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GSSRX vs. ASBAX - Expense Ratio Comparison
GSSRX has a 0.48% expense ratio, which is lower than ASBAX's 0.66% expense ratio.
Risk-Adjusted Performance
GSSRX vs. ASBAX — Risk-Adjusted Performance Rank
GSSRX
ASBAX
GSSRX vs. ASBAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Short Duration Bond Fund (GSSRX) and American Funds Short-Term Bond Fund of America (ASBAX). 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. ASBAX - Dividend Comparison
GSSRX's dividend yield for the trailing twelve months is around 3.68%, less than ASBAX's 4.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSSRX Goldman Sachs Short Duration Bond Fund | 3.68% | 3.93% | 3.15% | 2.18% | 1.36% | 2.16% | 2.86% | 2.55% | 2.21% | 2.08% | 2.43% | 1.61% |
ASBAX American Funds Short-Term Bond Fund of America | 4.02% | 4.00% | 3.20% | 1.37% | 0.42% | 1.11% | 1.76% | 1.70% | 1.13% | 0.89% | 0.86% | 0.39% |
Drawdowns
GSSRX vs. ASBAX - Drawdown Comparison
The maximum GSSRX drawdown since its inception was -8.54%, which is greater than ASBAX's maximum drawdown of -6.83%. Use the drawdown chart below to compare losses from any high point for GSSRX and ASBAX. For additional features, visit the drawdowns tool.
Volatility
GSSRX vs. ASBAX - Volatility Comparison
Goldman Sachs Short Duration Bond Fund (GSSRX) and American Funds Short-Term Bond Fund of America (ASBAX) have volatilities of 0.72% and 0.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.