GSSRX vs. BSBIX

Last updated Jun 3, 2026

GSSRX (Goldman Sachs Short Duration Bond Fund) and BSBIX (Baird Short-Term Bond Fund Institutional Class) are both Short-Term Bond funds. Over the past 10 years, GSSRX returned 2.42%/yr vs 2.49%/yr for BSBIX. A 0.63 correlation means they provide meaningful diversification when combined. GSSRX charges 0.48%/yr vs 0.30%/yr for BSBIX.

Performance

GSSRX vs. BSBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Short Duration Bond Fund (GSSRX) and Baird Short-Term Bond Fund Institutional Class (BSBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with GSSRX at 0.83% and BSBIX at 0.83%. Both investments have delivered pretty close results over the past 10 years, with GSSRX having a 2.42% annualized return and BSBIX not far ahead at 2.49%.

GSSRX

• 1D: -0.10%
• 1M: 0.38%
• YTD: 0.83%
• 6M: 1.39%
• 1Y: 4.76%
• 3Y*: 5.09%
• 5Y*: 2.04%
• 10Y*: 2.42%

BSBIX

• 1D: 0.00%
• 1M: 0.25%
• YTD: 0.83%
• 6M: 1.16%
• 1Y: 4.11%
• 3Y*: 5.13%
• 5Y*: 2.51%
• 10Y*: 2.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GSSRX vs. BSBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSSRX Goldman Sachs Short Duration Bond Fund	0.83%	6.57%	4.53%	5.28%	-6.06%	-0.86%	5.85%	6.79%	-0.02%	1.61%
BSBIX Baird Short-Term Bond Fund Institutional Class	0.83%	5.67%	4.99%	5.65%	-3.64%	-0.42%	4.23%	4.68%	1.49%	1.53%

Correlation

The correlation between GSSRX and BSBIX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.63

The correlation between GSSRX and BSBIX shifts across timeframes, from 0.62 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GSSRX vs. BSBIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GSSRX

GSSRX Risk / Return Rank: 73
GSSRX Sharpe Ratio Rank: 53
GSSRX Sortino Ratio Rank: 84
GSSRX Omega Ratio Rank: 80
GSSRX Calmar Ratio Rank: 71
GSSRX Martin Ratio Rank: 78

BSBIX

BSBIX Risk / Return Rank: 93
BSBIX Sharpe Ratio Rank: 93
BSBIX Sortino Ratio Rank: 95
BSBIX Omega Ratio Rank: 96
BSBIX Calmar Ratio Rank: 89
BSBIX Martin Ratio Rank: 92

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.

GSSRX vs. BSBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Short Duration Bond Fund (GSSRX) and Baird Short-Term Bond Fund Institutional Class (BSBIX). 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.

	GSSRX	BSBIX	Difference
Sharpe ratio Return per unit of total volatility	2.16	3.17	-1.01
Sortino ratio Return per unit of downside risk	3.99	5.10	-1.10
Omega ratio Gain probability vs. loss probability	1.53	1.87	-0.34
Calmar ratio Return relative to maximum drawdown	3.30	4.50	-1.19
Martin ratio Return relative to average drawdown	14.65	19.62	-4.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSSRX vs. BSBIX - Sharpe Ratio Comparison

The current GSSRX Sharpe Ratio is 2.16, which is lower than the BSBIX Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of GSSRX and BSBIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSSRX	BSBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	3.17	-1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	1.30	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.01	1.50	-0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	1.64	-0.67

Drawdowns

GSSRX vs. BSBIX - Drawdown Comparison

The maximum GSSRX drawdown since its inception was -9.03%, which is greater than BSBIX's maximum drawdown of -5.95%. Use the drawdown chart below to compare losses from any high point for GSSRX and BSBIX.

Drawdown Indicators

	GSSRX	BSBIX	Difference
Max Drawdown Largest peak-to-trough decline	-9.03%	-5.95%	-3.08%
Max Drawdown (1Y) Largest decline over 1 year	-1.62%	-0.94%	-0.68%
Max Drawdown (3Y) Largest decline over 3 years	-1.62%	-0.94%	-0.68%
Max Drawdown (5Y) Largest decline over 5 years	-8.88%	-5.95%	-2.93%
Max Drawdown (10Y) Largest decline over 10 years	-9.03%	-5.95%	-3.08%
Current Drawdown Current decline from peak	-0.10%	-0.03%	-0.07%
Average Drawdown Average peak-to-trough decline	-1.26%	-0.55%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	0.22%	+0.14%

Volatility

GSSRX vs. BSBIX - Volatility Comparison

Goldman Sachs Short Duration Bond Fund (GSSRX) has a higher volatility of 0.71% compared to Baird Short-Term Bond Fund Institutional Class (BSBIX) at 0.40%. This indicates that GSSRX's price experiences larger fluctuations and is considered to be riskier than BSBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSSRX	BSBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.71%	0.40%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	1.77%	0.98%	+0.79%
Volatility (1Y) Calculated over the trailing 1-year period	2.22%	1.30%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.43%	1.94%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.42%	1.67%	+0.75%

GSSRX vs. BSBIX - Expense Ratio Comparison

GSSRX has a 0.48% expense ratio, which is higher than BSBIX's 0.30% expense ratio.

Dividends

GSSRX vs. BSBIX - Dividend Comparison

GSSRX's dividend yield for the trailing twelve months is around 4.35%, more than BSBIX's 4.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSBIX Baird Short-Term Bond Fund Institutional Class	4.27%	4.35%	4.34%	3.41%	1.79%	1.42%	2.61%	2.49%	2.20%	1.73%	1.60%	1.62%
GSSRX Goldman Sachs Short Duration Bond Fund	4.35%	4.18%	3.58%	2.36%	1.59%	1.40%	2.20%	2.87%	2.56%	2.21%	2.04%	2.15%

Frequently Asked Questions

Can I hold both GSSRX and BSBIX in my portfolio?

GSSRX and BSBIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSSRX or BSBIX?

GSSRX has higher volatility (0.71%) compared to BSBIX (0.40%). In terms of maximum drawdown, GSSRX dropped -9.03% vs BSBIX's -5.95%.

Which has better risk-adjusted returns?

BSBIX currently has the higher Sharpe Ratio (3.17 vs 2.16), 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.