HFSAX vs. GOIIX

Last updated Aug 5, 2026

HFSAX (Hundredfold Select Alternative Fund Investor Class) and GOIIX (Goldman Sachs Growth and Income Strategy Portfolio) are both Tactical Allocation funds. Over the past 10 years, HFSAX returned 8.17%/yr vs 8.38%/yr for GOIIX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. HFSAX charges 1.75%/yr vs 0.19%/yr for GOIIX.

Performance

HFSAX vs. GOIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hundredfold Select Alternative Fund Investor Class (HFSAX) and Goldman Sachs Growth and Income Strategy Portfolio (GOIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HFSAX achieves a 0.87% return, which is significantly lower than GOIIX's 7.39% return. Both investments have delivered pretty close results over the past 10 years, with HFSAX having a 8.17% annualized return and GOIIX not far ahead at 8.38%.

HFSAX

• 1D: 0.17%
• 1M: 0.04%
• 6M: -0.37%
• YTD: 0.87%
• 1Y: 7.39%
• 3Y*: 8.57%
• 5Y*: 3.67%
• 10Y*: 8.17%
• ALL TIME*: 7.18%

GOIIX

• 1D: 0.86%
• 1M: 0.29%
• 6M: 5.16%
• YTD: 7.39%
• 1Y: 15.48%
• 3Y*: 14.43%
• 5Y*: 6.99%
• 10Y*: 8.38%
• ALL TIME*: 6.23%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GOIIX Goldman Sachs Growth and Income Strategy Portfolio	$0.00	$0.00	$0.00
HFSAX Hundredfold Select Alternative Fund Investor Class	$0.00	$0.00	$0.00

HFSAX vs. GOIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HFSAX Hundredfold Select Alternative Fund Investor Class	0.87%	11.97%	3.75%	10.93%	-9.44%	9.05%	38.71%	10.35%	-1.97%	9.91%
GOIIX Goldman Sachs Growth and Income Strategy Portfolio	7.39%	15.03%	14.81%	15.16%	-15.86%	12.65%	12.73%	19.16%	-8.63%	16.60%

Correlation

The correlation between HFSAX and GOIIX is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (10Y) Provides a long-term view across more market conditions.	0.73
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.72

The correlation between HFSAX and GOIIX has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.

Return for Risk

HFSAX vs. GOIIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HFSAX

HFSAX Risk / Return Rank: 55
HFSAX Sharpe Ratio Rank: 64
HFSAX Sortino Ratio Rank: 53
HFSAX Omega Ratio Rank: 67
HFSAX Calmar Ratio Rank: 56
HFSAX Martin Ratio Rank: 34

GOIIX

GOIIX Risk / Return Rank: 69
GOIIX Sharpe Ratio Rank: 70
GOIIX Sortino Ratio Rank: 68
GOIIX Omega Ratio Rank: 67
GOIIX Calmar Ratio Rank: 64
GOIIX Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HFSAX vs. GOIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hundredfold Select Alternative Fund Investor Class (HFSAX) and Goldman Sachs Growth and Income Strategy Portfolio (GOIIX). 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.

	HFSAX	GOIIX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.79	-0.09
Sortino ratio: Return per unit of downside risk	2.23	2.52	-0.29
Omega ratio: Gain probability vs. loss probability	1.33	1.33	0.00
Calmar ratio: Return relative to maximum drawdown	2.19	2.37	-0.18
Martin ratio: Return relative to average drawdown	5.36	10.01	-4.65

HFSAX vs. GOIIX - Sharpe Ratio Comparison

The current HFSAX Sharpe Ratio is 1.70, which is comparable to the GOIIX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of HFSAX and GOIIX, 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

HFSAX vs. GOIIX - Drawdown Comparison

The maximum HFSAX drawdown since its inception was -12.81%, smaller than the maximum GOIIX drawdown of -43.63%. Use the drawdown chart below to compare losses from any high point for HFSAX and GOIIX.

Drawdown Indicators

	HFSAX	GOIIX	Difference
Max Drawdown Largest peak-to-trough decline	-12.81%	-43.63%	+30.82%
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	-7.17%	+3.49%
Max Drawdown (3Y) Largest decline over 3 years	-5.67%	-12.19%	+6.52%
Max Drawdown (5Y) Largest decline over 5 years	-12.13%	-23.78%	+11.65%
Max Drawdown (10Y) Largest decline over 10 years	-12.81%	-25.07%	+12.26%
Current Drawdown Current decline from peak	-1.94%	-0.36%	-1.58%
Average Drawdown Average peak-to-trough decline	-2.38%	-6.37%	+3.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.50%	1.69%	-0.19%

Volatility

HFSAX vs. GOIIX - Volatility Comparison

The current volatility for Hundredfold Select Alternative Fund Investor Class (HFSAX) is 0.99%, while Goldman Sachs Growth and Income Strategy Portfolio (GOIIX) has a volatility of 2.84%. This indicates that HFSAX experiences smaller price fluctuations and is considered to be less risky than GOIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFSAX	GOIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.99%	2.84%	-1.85%
Volatility (6M) Calculated over the trailing 6-month period	3.59%	7.91%	-4.32%
Volatility (1Y) Calculated over the trailing 1-year period	4.76%	9.50%	-4.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.20%	10.78%	-4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.23%	11.26%	-5.03%

HFSAX vs. GOIIX - Expense Ratio Comparison

HFSAX has a 1.75% expense ratio, which is higher than GOIIX's 0.19% expense ratio.

Dividends

HFSAX vs. GOIIX - Dividend Comparison

HFSAX's dividend yield for the trailing twelve months is around 9.66%, more than GOIIX's 8.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOIIX Goldman Sachs Growth and Income Strategy Portfolio	8.06%	7.98%	9.79%	1.97%	5.09%	6.80%	3.47%	2.29%	3.04%	2.73%	1.37%	3.99%
HFSAX Hundredfold Select Alternative Fund Investor Class	9.66%	9.75%	5.87%	5.17%	4.92%	10.98%	13.58%	6.44%	3.11%	11.06%	5.60%	1.85%

Frequently Asked Questions

Can I hold both HFSAX and GOIIX in my portfolio?

HFSAX and GOIIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HFSAX or GOIIX?

GOIIX has higher volatility (2.84%) compared to HFSAX (0.99%). In terms of maximum drawdown, HFSAX dropped -12.81% vs GOIIX's -43.63%.

Which has better risk-adjusted returns?

GOIIX currently has the higher Sharpe Ratio (1.79 vs 1.70), 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.