GSSRX vs. BSBIX
Compare and contrast key facts about Goldman Sachs Short Duration Bond Fund (GSSRX) and Baird Short-Term Bond Fund Institutional Class (BSBIX).
GSSRX is managed by Goldman Sachs. It was launched on Feb 29, 2012. BSBIX is a passively managed fund by Baird that tracks the performance of the Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index. It was launched on Aug 31, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSSRX or BSBIX.
Key characteristics
| GSSRX | BSBIX | |
|---|---|---|
| YTD Return | 4.21% | 4.46% |
| 1Y Return | 7.25% | 7.02% |
| 3Y Return (Ann) | 1.48% | 1.93% |
| 5Y Return (Ann) | 1.98% | 1.86% |
| 10Y Return (Ann) | 2.05% | 1.95% |
| Sharpe Ratio | 2.99 | 3.70 |
| Sortino Ratio | 4.98 | 6.12 |
| Omega Ratio | 1.68 | 1.95 |
| Calmar Ratio | 2.08 | 3.64 |
| Martin Ratio | 18.72 | 27.73 |
| Ulcer Index | 0.39% | 0.25% |
| Daily Std Dev | 2.43% | 1.90% |
| Max Drawdown | -8.53% | -6.49% |
| Current Drawdown | -0.79% | -0.57% |
Correlation
The correlation between GSSRX and BSBIX is 0.60, 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. BSBIX - Performance Comparison
In the year-to-date period, GSSRX achieves a 4.21% return, which is significantly lower than BSBIX's 4.46% return. Both investments have delivered pretty close results over the past 10 years, with GSSRX having a 2.05% annualized return and BSBIX not far behind at 1.95%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GSSRX vs. BSBIX - Expense Ratio Comparison
GSSRX has a 0.48% expense ratio, which is higher than BSBIX's 0.30% expense ratio.
Risk-Adjusted Performance
GSSRX vs. BSBIX - Risk-Adjusted Performance 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.
Dividends
GSSRX vs. BSBIX - Dividend Comparison
GSSRX's dividend yield for the trailing twelve months is around 3.82%, less than BSBIX's 4.19% 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% |
BSBIX Baird Short-Term Bond Fund Institutional Class | 4.19% | 3.42% | 1.77% | 1.11% | 1.89% | 2.50% | 2.20% | 1.73% | 1.61% | 1.58% | 1.65% | 1.75% |
Drawdowns
GSSRX vs. BSBIX - Drawdown Comparison
The maximum GSSRX drawdown since its inception was -8.53%, which is greater than BSBIX's maximum drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for GSSRX and BSBIX. For additional features, visit the drawdowns tool.
Volatility
GSSRX vs. BSBIX - Volatility Comparison
Goldman Sachs Short Duration Bond Fund (GSSRX) has a higher volatility of 0.59% compared to Baird Short-Term Bond Fund Institutional Class (BSBIX) at 0.31%. 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.