GSSRX vs. STBCX
Compare and contrast key facts about Goldman Sachs Short Duration Bond Fund (GSSRX) and Invesco Short Term Bond Fund (STBCX).
GSSRX is managed by Goldman Sachs. It was launched on Feb 29, 2012. STBCX is managed by Invesco. It was launched on Aug 30, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSSRX or STBCX.
Key characteristics
| GSSRX | STBCX | |
|---|---|---|
| YTD Return | 4.21% | 4.20% |
| 1Y Return | 7.25% | 7.03% |
| 3Y Return (Ann) | 1.48% | 1.30% |
| 5Y Return (Ann) | 1.98% | 1.41% |
| 10Y Return (Ann) | 2.05% | 1.55% |
| Sharpe Ratio | 2.99 | 2.80 |
| Sortino Ratio | 4.98 | 5.13 |
| Omega Ratio | 1.68 | 1.71 |
| Calmar Ratio | 2.08 | 2.04 |
| Martin Ratio | 18.72 | 20.57 |
| Ulcer Index | 0.39% | 0.34% |
| Daily Std Dev | 2.43% | 2.52% |
| Max Drawdown | -8.53% | -9.61% |
| Current Drawdown | -0.79% | -0.75% |
Correlation
The correlation between GSSRX and STBCX is 0.66, 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. STBCX - Performance Comparison
The year-to-date returns for both stocks are quite close, with GSSRX having a 4.21% return and STBCX slightly lower at 4.20%. Over the past 10 years, GSSRX has outperformed STBCX with an annualized return of 2.05%, while STBCX has yielded a comparatively lower 1.55% 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. STBCX - Expense Ratio Comparison
GSSRX has a 0.48% expense ratio, which is lower than STBCX's 0.97% expense ratio.
Risk-Adjusted Performance
GSSRX vs. STBCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Short Duration Bond Fund (GSSRX) and Invesco Short Term Bond Fund (STBCX). 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. STBCX - Dividend Comparison
GSSRX's dividend yield for the trailing twelve months is around 3.82%, less than STBCX's 4.77% 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% |
STBCX Invesco Short Term Bond Fund | 4.77% | 3.91% | 1.91% | 1.15% | 1.81% | 2.46% | 2.17% | 1.55% | 1.41% | 1.64% | 1.64% | 1.44% |
Drawdowns
GSSRX vs. STBCX - Drawdown Comparison
The maximum GSSRX drawdown since its inception was -8.53%, smaller than the maximum STBCX drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for GSSRX and STBCX. For additional features, visit the drawdowns tool.
Volatility
GSSRX vs. STBCX - Volatility Comparison
Goldman Sachs Short Duration Bond Fund (GSSRX) has a higher volatility of 0.59% compared to Invesco Short Term Bond Fund (STBCX) at 0.51%. This indicates that GSSRX's price experiences larger fluctuations and is considered to be riskier than STBCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.