GTIP vs. ^GSPC
Compare and contrast key facts about Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and S&P 500 (^GSPC).
GTIP is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index. It was launched on Oct 2, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GTIP or ^GSPC.
Correlation
The correlation between GTIP and ^GSPC is 0.09, 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.
Performance
GTIP vs. ^GSPC - Performance Comparison
Key characteristics
GTIP:
0.78
^GSPC:
1.75
GTIP:
1.09
^GSPC:
2.36
GTIP:
1.14
^GSPC:
1.32
GTIP:
0.32
^GSPC:
2.67
GTIP:
2.12
^GSPC:
10.93
GTIP:
1.60%
^GSPC:
2.07%
GTIP:
4.35%
^GSPC:
12.88%
GTIP:
-14.31%
^GSPC:
-56.78%
GTIP:
-6.32%
^GSPC:
-1.28%
Returns By Period
In the year-to-date period, GTIP achieves a 1.17% return, which is significantly lower than ^GSPC's 2.70% return.
GTIP
1.17%
1.17%
-0.12%
2.64%
1.59%
N/A
^GSPC
2.70%
2.70%
12.98%
23.12%
13.40%
11.44%
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Risk-Adjusted Performance
GTIP vs. ^GSPC — Risk-Adjusted Performance Rank
GTIP
^GSPC
GTIP vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and S&P 500 (^GSPC). 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.
Drawdowns
GTIP vs. ^GSPC - Drawdown Comparison
The maximum GTIP drawdown since its inception was -14.31%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GTIP and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
GTIP vs. ^GSPC - Volatility Comparison
The current volatility for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) is 1.06%, while S&P 500 (^GSPC) has a volatility of 3.99%. This indicates that GTIP experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.