GTAIX vs. GIPIX

Last updated Jun 23, 2026

GTAIX (Donoghue Forlines Tactical Allocation Fund) and GIPIX (Goldman Sachs Balanced Strategy Portfolio) are both Tactical Allocation funds. Over the past 5 years, GTAIX returned 7.43%/yr vs 4.76%/yr for GIPIX. Their correlation of 0.88 suggests significant overlap in exposure. GTAIX charges 1.20%/yr vs 0.19%/yr for GIPIX.

Performance

GTAIX vs. GIPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Donoghue Forlines Tactical Allocation Fund (GTAIX) and Goldman Sachs Balanced Strategy Portfolio (GIPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTAIX achieves a 14.34% return, which is significantly higher than GIPIX's 5.50% return.

GTAIX

• 1D: 0.77%
• 1M: 2.59%
• YTD: 14.34%
• 6M: 13.68%
• 1Y: 24.00%
• 3Y*: 14.86%
• 5Y*: 7.43%
• 10Y*: —

GIPIX

• 1D: 0.68%
• 1M: 1.30%
• YTD: 5.50%
• 6M: 5.56%
• 1Y: 14.79%
• 3Y*: 10.26%
• 5Y*: 4.76%
• 10Y*: 6.19%

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

GTAIX vs. GIPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GTAIX Donoghue Forlines Tactical Allocation Fund	14.34%	13.49%	8.39%	15.59%	-14.49%	9.25%	-0.10%	16.08%	-8.93%
GIPIX Goldman Sachs Balanced Strategy Portfolio	5.50%	10.80%	8.51%	12.49%	-14.43%	7.94%	11.09%	15.68%	-6.02%

Correlation

The correlation between GTAIX and GIPIX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Apr 6, 2018	0.88

The correlation between GTAIX and GIPIX has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

Return for Risk

GTAIX vs. GIPIX — Risk / Return Rank

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

GTAIX

GTAIX Risk / Return Rank: 92
GTAIX Sharpe Ratio Rank: 91
GTAIX Sortino Ratio Rank: 90
GTAIX Omega Ratio Rank: 86
GTAIX Calmar Ratio Rank: 95
GTAIX Martin Ratio Rank: 96

GIPIX

GIPIX Risk / Return Rank: 62
GIPIX Sharpe Ratio Rank: 64
GIPIX Sortino Ratio Rank: 66
GIPIX Omega Ratio Rank: 68
GIPIX Calmar Ratio Rank: 52
GIPIX Martin Ratio Rank: 61

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.

GTAIX vs. GIPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Donoghue Forlines Tactical Allocation Fund (GTAIX) and Goldman Sachs Balanced Strategy Portfolio (GIPIX). 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.

	GTAIX	GIPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.82	2.16	+0.66
Sortino ratio: Return per unit of downside risk	4.05	3.09	+0.95
Omega ratio: Gain probability vs. loss probability	1.54	1.42	+0.12
Calmar ratio: Return relative to maximum drawdown	5.37	2.65	+2.72
Martin ratio: Return relative to average drawdown	22.43	11.43	+11.00

GTAIX vs. GIPIX - Sharpe Ratio Comparison

The current GTAIX Sharpe Ratio is 2.82, which is higher than the GIPIX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of GTAIX and GIPIX, 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

GTAIX vs. GIPIX - Drawdown Comparison

The maximum GTAIX drawdown since its inception was -24.25%, smaller than the maximum GIPIX drawdown of -29.46%. Use the drawdown chart below to compare losses from any high point for GTAIX and GIPIX.

Drawdown Indicators

	GTAIX	GIPIX	Difference
Max Drawdown Largest peak-to-trough decline	-24.25%	-29.46%	+5.21%
Max Drawdown (1Y) Largest decline over 1 year	-4.51%	-5.59%	+1.08%
Max Drawdown (3Y) Largest decline over 3 years	-11.89%	-9.11%	-2.78%
Max Drawdown (5Y) Largest decline over 5 years	-19.43%	-20.65%	+1.22%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.65%	—
Current Drawdown Current decline from peak	-0.46%	-0.08%	-0.38%
Average Drawdown Average peak-to-trough decline	-4.80%	-3.68%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	1.29%	-0.21%

Volatility

GTAIX vs. GIPIX - Volatility Comparison

Donoghue Forlines Tactical Allocation Fund (GTAIX) has a higher volatility of 3.40% compared to Goldman Sachs Balanced Strategy Portfolio (GIPIX) at 2.68%. This indicates that GTAIX's price experiences larger fluctuations and is considered to be riskier than GIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTAIX	GIPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	2.68%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	7.27%	5.75%	+1.52%
Volatility (1Y) Calculated over the trailing 1-year period	8.59%	6.84%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.79%	8.06%	+2.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.51%	8.14%	+3.37%

GTAIX vs. GIPIX - Expense Ratio Comparison

GTAIX has a 1.20% expense ratio, which is higher than GIPIX's 0.19% expense ratio.

Dividends

GTAIX vs. GIPIX - Dividend Comparison

GTAIX's dividend yield for the trailing twelve months is around 4.83%, less than GIPIX's 5.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIPIX Goldman Sachs Balanced Strategy Portfolio	5.51%	5.22%	4.06%	2.12%	4.56%	6.37%	2.25%	2.51%	4.70%	4.51%	1.46%	5.73%
GTAIX Donoghue Forlines Tactical Allocation Fund	4.83%	5.82%	3.38%	2.69%	1.65%	2.35%	0.82%	1.77%	1.92%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GTAIX and GIPIX in my portfolio?

GTAIX and GIPIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTAIX or GIPIX?

GTAIX has higher volatility (3.40%) compared to GIPIX (2.68%). In terms of maximum drawdown, GTAIX dropped -24.25% vs GIPIX's -29.46%.

Which has better risk-adjusted returns?

GTAIX currently has the higher Sharpe Ratio (2.82 vs 2.16), 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.