GSSRX vs. PFIIX

Last updated Jun 23, 2026

GSSRX (Goldman Sachs Short Duration Bond Fund) and PFIIX (PIMCO Low Duration Income Fund) are both Short-Term Bond funds. Over the past 10 years, GSSRX returned 2.41%/yr vs 4.86%/yr for PFIIX. At a 0.46 correlation, their price movements are largely independent. GSSRX charges 0.48%/yr vs 0.50%/yr for PFIIX.

Performance

GSSRX vs. PFIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Short Duration Bond Fund (GSSRX) and PIMCO Low Duration Income Fund (PFIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSSRX achieves a 0.72% return, which is significantly lower than PFIIX's 1.46% return. Over the past 10 years, GSSRX has underperformed PFIIX with an annualized return of 2.41%, while PFIIX has yielded a comparatively higher 4.86% annualized return.

GSSRX

• 1D: 0.10%
• 1M: 0.48%
• YTD: 0.72%
• 6M: 1.19%
• 1Y: 4.65%
• 3Y*: 5.21%
• 5Y*: 2.10%
• 10Y*: 2.41%

PFIIX

• 1D: 0.00%
• 1M: 0.77%
• YTD: 1.46%
• 6M: 1.81%
• 1Y: 7.25%
• 3Y*: 7.40%
• 5Y*: 4.13%
• 10Y*: 4.86%

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

GSSRX vs. PFIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSSRX Goldman Sachs Short Duration Bond Fund	0.72%	6.57%	4.53%	5.28%	-6.06%	-0.86%	5.85%	6.79%	-0.02%	1.61%
PFIIX PIMCO Low Duration Income Fund	1.46%	9.56%	6.58%	7.78%	-5.29%	2.38%	4.84%	6.72%	1.56%	6.05%

Correlation

The correlation between GSSRX and PFIIX is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.46

Over the past year, GSSRX and PFIIX have become more correlated (0.74) than their long-term average of 0.46, meaning their price movements have been converging.

Return for Risk

GSSRX vs. PFIIX — Risk / Return Rank

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

GSSRX

GSSRX Risk / Return Rank: 72
GSSRX Sharpe Ratio Rank: 59
GSSRX Sortino Ratio Rank: 86
GSSRX Omega Ratio Rank: 83
GSSRX Calmar Ratio Rank: 62
GSSRX Martin Ratio Rank: 70

PFIIX

PFIIX Risk / Return Rank: 86
PFIIX Sharpe Ratio Rank: 87
PFIIX Sortino Ratio Rank: 92
PFIIX Omega Ratio Rank: 91
PFIIX Calmar Ratio Rank: 79
PFIIX Martin Ratio Rank: 83

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. PFIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Short Duration Bond Fund (GSSRX) and PIMCO Low Duration Income Fund (PFIIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GSSRX	PFIIX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	2.64	-0.54
Sortino ratio: Return per unit of downside risk	3.80	4.32	-0.53
Omega ratio: Gain probability vs. loss probability	1.50	1.63	-0.13
Calmar ratio: Return relative to maximum drawdown	2.90	3.39	-0.49
Martin ratio: Return relative to average drawdown	12.69	14.46	-1.76

GSSRX vs. PFIIX - Sharpe Ratio Comparison

The current GSSRX Sharpe Ratio is 2.09, which is comparable to the PFIIX Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of GSSRX and PFIIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GSSRX vs. PFIIX - Drawdown Comparison

The maximum GSSRX drawdown since its inception was -9.03%, smaller than the maximum PFIIX drawdown of -28.35%. Use the drawdown chart below to compare losses from any high point for GSSRX and PFIIX.

Drawdown Indicators

	GSSRX	PFIIX	Difference
Max Drawdown Largest peak-to-trough decline	-9.03%	-28.35%	+19.32%
Max Drawdown (1Y) Largest decline over 1 year	-1.62%	-2.16%	+0.54%
Max Drawdown (3Y) Largest decline over 3 years	-1.62%	-2.23%	+0.61%
Max Drawdown (5Y) Largest decline over 5 years	-8.88%	-8.84%	-0.04%
Max Drawdown (10Y) Largest decline over 10 years	-9.03%	-11.72%	+2.69%
Current Drawdown Current decline from peak	-0.20%	-0.24%	+0.04%
Average Drawdown Average peak-to-trough decline	-1.26%	-2.60%	+1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	0.50%	-0.13%

Volatility

GSSRX vs. PFIIX - Volatility Comparison

The current volatility for Goldman Sachs Short Duration Bond Fund (GSSRX) is 0.72%, while PIMCO Low Duration Income Fund (PFIIX) has a volatility of 0.87%. This indicates that GSSRX experiences smaller price fluctuations and is considered to be less risky than PFIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSSRX	PFIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.72%	0.87%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	1.80%	2.23%	-0.43%
Volatility (1Y) Calculated over the trailing 1-year period	2.24%	2.77%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.43%	3.18%	-0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.42%	3.16%	-0.74%

GSSRX vs. PFIIX - Expense Ratio Comparison

GSSRX has a 0.48% expense ratio, which is lower than PFIIX's 0.50% expense ratio.

Dividends

GSSRX vs. PFIIX - Dividend Comparison

GSSRX's dividend yield for the trailing twelve months is around 4.35%, less than PFIIX's 5.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PFIIX PIMCO Low Duration Income Fund	5.27%	5.49%	5.37%	4.97%	5.35%	3.06%	3.44%	4.74%	3.22%	3.13%	3.75%	5.36%

Frequently Asked Questions

Can I hold both GSSRX and PFIIX in my portfolio?

GSSRX and PFIIX have a correlation of 0.74, 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 PFIIX?

PFIIX has higher volatility (0.87%) compared to GSSRX (0.72%). In terms of maximum drawdown, GSSRX dropped -9.03% vs PFIIX's -28.35%.

Which has better risk-adjusted returns?

PFIIX currently has the higher Sharpe Ratio (2.64 vs 2.09), 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.