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.
Key characteristics
| GSSRX | ASBAX | |
|---|---|---|
| YTD Return | 4.32% | 3.62% |
| 1Y Return | 7.36% | 5.70% |
| 3Y Return (Ann) | 1.45% | 1.04% |
| 5Y Return (Ann) | 1.99% | 1.11% |
| 10Y Return (Ann) | 2.06% | 1.11% |
| Sharpe Ratio | 2.93 | 2.47 |
| Sortino Ratio | 4.86 | 4.21 |
| Omega Ratio | 1.67 | 1.60 |
| Calmar Ratio | 2.05 | 1.43 |
| Martin Ratio | 18.57 | 16.29 |
| Ulcer Index | 0.38% | 0.34% |
| Daily Std Dev | 2.43% | 2.26% |
| Max Drawdown | -8.53% | -6.83% |
| Current Drawdown | -0.68% | -0.70% |
Correlation
The correlation between GSSRX and ASBAX is 0.64, 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. ASBAX - Performance Comparison
In the year-to-date period, GSSRX achieves a 4.32% return, which is significantly higher than ASBAX's 3.62% return. Over the past 10 years, GSSRX has outperformed ASBAX with an annualized return of 2.06%, while ASBAX has yielded a comparatively lower 1.11% 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. 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 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 3.81%, less than ASBAX's 3.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSSRX Goldman Sachs Short Duration Bond Fund | 3.81% | 3.15% | 2.18% | 1.36% | 2.16% | 2.86% | 2.55% | 2.21% | 2.08% | 2.43% | 1.61% | 1.44% |
ASBAX American Funds Short-Term Bond Fund of America | 3.93% | 3.20% | 1.37% | 0.42% | 1.11% | 1.76% | 1.70% | 1.13% | 0.89% | 0.86% | 0.39% | 0.61% |
Drawdowns
GSSRX vs. ASBAX - Drawdown Comparison
The maximum GSSRX drawdown since its inception was -8.53%, 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) has a higher volatility of 0.59% compared to American Funds Short-Term Bond Fund of America (ASBAX) at 0.54%. This indicates that GSSRX's price experiences larger fluctuations and is considered to be riskier than ASBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.