GSSRX vs. SWSBX
Compare and contrast key facts about Goldman Sachs Short Duration Bond Fund (GSSRX) and Schwab Short-Term Bond Index Fund (SWSBX).
GSSRX is managed by Goldman Sachs. It was launched on Feb 29, 2012. SWSBX is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Government/Credit 1-5 Year Index. It was launched on Feb 23, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSSRX or SWSBX.
Key characteristics
| GSSRX | SWSBX | |
|---|---|---|
| YTD Return | 4.32% | 3.34% |
| 1Y Return | 7.36% | 6.44% |
| 3Y Return (Ann) | 1.45% | 0.51% |
| 5Y Return (Ann) | 1.99% | 1.13% |
| Sharpe Ratio | 2.93 | 2.04 |
| Sortino Ratio | 4.86 | 3.24 |
| Omega Ratio | 1.67 | 1.41 |
| Calmar Ratio | 2.05 | 1.13 |
| Martin Ratio | 18.57 | 9.52 |
| Ulcer Index | 0.38% | 0.64% |
| Daily Std Dev | 2.43% | 2.99% |
| Max Drawdown | -8.53% | -8.97% |
| Current Drawdown | -0.68% | -1.21% |
Correlation
The correlation between GSSRX and SWSBX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GSSRX vs. SWSBX - Performance Comparison
In the year-to-date period, GSSRX achieves a 4.32% return, which is significantly higher than SWSBX's 3.34% 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. SWSBX - Expense Ratio Comparison
GSSRX has a 0.48% expense ratio, which is higher than SWSBX's 0.06% expense ratio.
Risk-Adjusted Performance
GSSRX vs. SWSBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Short Duration Bond Fund (GSSRX) and Schwab Short-Term Bond Index Fund (SWSBX). 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. SWSBX - Dividend Comparison
GSSRX's dividend yield for the trailing twelve months is around 3.81%, less than SWSBX's 3.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSSRX Goldman Sachs Short Duration Bond Fund | 3.81% | 3.15% | 2.18% | 1.36% | 2.16% | 2.86% | 2.55% | 2.21% | 2.08% | 2.43% | 1.61% | 1.44% |
SWSBX Schwab Short-Term Bond Index Fund | 3.89% | 3.16% | 1.49% | 0.90% | 1.56% | 2.40% | 2.12% | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GSSRX vs. SWSBX - Drawdown Comparison
The maximum GSSRX drawdown since its inception was -8.53%, roughly equal to the maximum SWSBX drawdown of -8.97%. Use the drawdown chart below to compare losses from any high point for GSSRX and SWSBX. For additional features, visit the drawdowns tool.
Volatility
GSSRX vs. SWSBX - Volatility Comparison
The current volatility for Goldman Sachs Short Duration Bond Fund (GSSRX) is 0.59%, while Schwab Short-Term Bond Index Fund (SWSBX) has a volatility of 0.76%. This indicates that GSSRX experiences smaller price fluctuations and is considered to be less risky than SWSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.