LTUSX vs. GSGOX

Last updated Apr 1, 2026

Compare and contrast key facts about Thornburg Limited Term U.S. Government Fund (LTUSX) and Goldman Sachs Government Income Fund (GSGOX).

LTUSX is managed by Thornburg. It was launched on Nov 15, 1987. GSGOX is managed by Goldman Sachs. It was launched on Feb 9, 1993.

Performance

LTUSX vs. GSGOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thornburg Limited Term U.S. Government Fund (LTUSX) and Goldman Sachs Government Income Fund (GSGOX). The values are adjusted to include any dividend payments, if applicable.

LTUSX vs. GSGOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LTUSX Thornburg Limited Term U.S. Government Fund	0.37%	6.40%	2.40%	3.40%	-8.06%	-1.82%	3.77%	3.61%	0.98%	0.60%
GSGOX Goldman Sachs Government Income Fund	1.75%	6.58%	0.07%	4.07%	-13.16%	-2.47%	6.34%	5.77%	0.30%	1.74%

Returns By Period

LTUSX

• 1D: 0.33%
• 1M: -1.60%
• YTD: 0.37%
• 6M: 1.36%
• 1Y: 4.15%
• 3Y*: 3.46%
• 5Y*: 0.75%
• 10Y*: 1.03%

GSGOX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LTUSX vs. GSGOX - Expense Ratio Comparison

LTUSX has a 0.92% expense ratio, which is higher than GSGOX's 0.82% expense ratio.

LTUSX

Thornburg Limited Term U.S. Government Fund

GSGOX

Goldman Sachs Government Income Fund

Return for Risk

LTUSX vs. GSGOX — Risk / Return Rank

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

LTUSX

LTUSX Risk / Return Rank: 77
LTUSX Sharpe Ratio Rank: 76
LTUSX Sortino Ratio Rank: 78
LTUSX Omega Ratio Rank: 65
LTUSX Calmar Ratio Rank: 89
LTUSX Martin Ratio Rank: 78

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.

LTUSX vs. GSGOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thornburg Limited Term U.S. Government Fund (LTUSX) and Goldman Sachs Government Income Fund (GSGOX). 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.

	LTUSX	GSGOX	Difference
Sharpe ratio Return per unit of total volatility	1.38	—	—
Sortino ratio Return per unit of downside risk	2.00	—	—
Omega ratio Gain probability vs. loss probability	1.25	—	—
Calmar ratio Return relative to maximum drawdown	2.47	—	—
Martin ratio Return relative to average drawdown	7.64	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LTUSX	GSGOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	—	—

Correlation

The correlation between LTUSX and GSGOX is 0.89, 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.

Dividends

LTUSX vs. GSGOX - Dividend Comparison

LTUSX's dividend yield for the trailing twelve months is around 2.32%, less than GSGOX's 3.32% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LTUSX Thornburg Limited Term U.S. Government Fund	2.32%	2.69%	2.62%	1.89%	1.63%	1.21%	1.35%	1.77%	1.90%	1.45%	2.52%	1.50%
GSGOX Goldman Sachs Government Income Fund	3.32%	3.03%	2.26%	2.09%	1.02%	2.30%	1.22%	2.03%	2.01%	1.73%	1.71%	1.53%

Drawdowns

Drawdown Indicators

	LTUSX	GSGOX	Difference
Max Drawdown Largest peak-to-trough decline	-12.34%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.69%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-12.34%	—	—
Current Drawdown Current decline from peak	-1.60%	—	—
Average Drawdown Average peak-to-trough decline	-1.40%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	—	—

Volatility

Volatility by Period

	LTUSX	GSGOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.29%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.99%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.06%	—	—