GSSRX vs. GSMIX
Compare and contrast key facts about Goldman Sachs Short Duration Bond Fund (GSSRX) and Goldman Sachs Dynamic Municipal Income Fund (GSMIX).
GSSRX is managed by Goldman Sachs. It was launched on Feb 29, 2012. GSMIX is managed by Goldman Sachs. It was launched on Jul 19, 1993.
Performance
GSSRX vs. GSMIX - Performance Comparison
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GSSRX vs. GSMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSSRX Goldman Sachs Short Duration Bond Fund | -0.81% | 6.57% | 4.53% | 5.28% | -6.06% | -0.86% | 5.85% | 6.79% | -0.02% | 1.61% |
GSMIX Goldman Sachs Dynamic Municipal Income Fund | -0.49% | 4.12% | 3.03% | 6.41% | -9.77% | 2.80% | 3.57% | 7.49% | 2.83% | 5.55% |
Returns By Period
In the year-to-date period, GSSRX achieves a -0.81% return, which is significantly lower than GSMIX's -0.49% return. Both investments have delivered pretty close results over the past 10 years, with GSSRX having a 2.34% annualized return and GSMIX not far ahead at 2.42%.
GSSRX
- 1D
- 0.10%
- 1M
- -1.42%
- YTD
- -0.81%
- 6M
- 0.67%
- 1Y
- 3.89%
- 3Y*
- 4.51%
- 5Y*
- 1.88%
- 10Y*
- 2.34%
GSMIX
- 1D
- 0.07%
- 1M
- -2.39%
- YTD
- -0.49%
- 6M
- 0.78%
- 1Y
- 3.18%
- 3Y*
- 3.53%
- 5Y*
- 0.95%
- 10Y*
- 2.42%
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GSSRX vs. GSMIX - Expense Ratio Comparison
GSSRX has a 0.48% expense ratio, which is lower than GSMIX's 0.73% expense ratio.
Return for Risk
GSSRX vs. GSMIX — Risk / Return Rank
GSSRX
GSMIX
GSSRX vs. GSMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Short Duration Bond Fund (GSSRX) and Goldman Sachs Dynamic Municipal Income Fund (GSMIX). 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 | GSMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.00 | 0.92 | +1.08 |
Sortino ratioReturn per unit of downside risk | 3.42 | 1.26 | +2.17 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.26 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 0.88 | +1.81 |
Martin ratioReturn relative to average drawdown | 11.87 | 3.14 | +8.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GSSRX | GSMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 0.92 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.26 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 0.62 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.95 | -0.01 |
Correlation
The correlation between GSSRX and GSMIX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GSSRX vs. GSMIX - Dividend Comparison
GSSRX's dividend yield for the trailing twelve months is around 3.95%, more than GSMIX's 3.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSSRX Goldman Sachs Short Duration Bond Fund | 3.95% | 4.18% | 3.58% | 2.36% | 1.59% | 1.40% | 2.20% | 2.87% | 2.56% | 2.21% | 2.04% | 2.15% |
GSMIX Goldman Sachs Dynamic Municipal Income Fund | 3.52% | 4.32% | 3.31% | 2.82% | 1.86% | 1.92% | 2.11% | 2.57% | 2.79% | 2.99% | 3.35% | 3.43% |
Drawdowns
GSSRX vs. GSMIX - Drawdown Comparison
The maximum GSSRX drawdown since its inception was -9.03%, smaller than the maximum GSMIX drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for GSSRX and GSMIX.
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Drawdown Indicators
| GSSRX | GSMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.03% | -15.43% | +6.40% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | -4.44% | +2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -8.88% | -14.33% | +5.45% |
Max Drawdown (10Y)Largest decline over 10 years | -9.03% | -14.33% | +5.30% |
Current DrawdownCurrent decline from peak | -1.42% | -2.39% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -2.41% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 1.25% | -0.88% |
Volatility
GSSRX vs. GSMIX - Volatility Comparison
Goldman Sachs Short Duration Bond Fund (GSSRX) and Goldman Sachs Dynamic Municipal Income Fund (GSMIX) have volatilities of 0.84% and 0.88%, 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.
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Volatility by Period
| GSSRX | GSMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 0.88% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | 1.46% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.15% | 4.48% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.38% | 3.64% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.39% | 3.90% | -1.51% |