NVCR vs. GSGDX
Compare and contrast key facts about NovoCure Limited (NVCR) and Goldman Sachs Investment Grade Credit Fund (GSGDX).
GSGDX is managed by Goldman Sachs. It was launched on Nov 3, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVCR or GSGDX.
Key characteristics
| NVCR | GSGDX | |
|---|---|---|
| YTD Return | 36.10% | -0.98% |
| 1Y Return | -73.89% | 4.43% |
| 3Y Return (Ann) | -51.70% | -2.27% |
| 5Y Return (Ann) | -16.62% | 1.39% |
| Sharpe Ratio | -0.83 | 0.56 |
| Daily Std Dev | 87.57% | 7.22% |
| Max Drawdown | -95.07% | -22.78% |
| Current Drawdown | -90.99% | -10.53% |
Correlation
The correlation between NVCR and GSGDX is 0.07, 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
NVCR vs. GSGDX - Performance Comparison
In the year-to-date period, NVCR achieves a 36.10% return, which is significantly higher than GSGDX's -0.98% 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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Risk-Adjusted Performance
NVCR vs. GSGDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NovoCure Limited (NVCR) and Goldman Sachs Investment Grade Credit Fund (GSGDX). 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
NVCR vs. GSGDX - Dividend Comparison
NVCR has not paid dividends to shareholders, while GSGDX's dividend yield for the trailing twelve months is around 4.54%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVCR NovoCure Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GSGDX Goldman Sachs Investment Grade Credit Fund | 4.54% | 4.26% | 3.67% | 5.09% | 4.19% | 4.64% | 3.54% | 3.19% | 3.40% | 4.12% | 5.34% | 5.24% |
Drawdowns
NVCR vs. GSGDX - Drawdown Comparison
The maximum NVCR drawdown since its inception was -95.07%, which is greater than GSGDX's maximum drawdown of -22.78%. Use the drawdown chart below to compare losses from any high point for NVCR and GSGDX. For additional features, visit the drawdowns tool.
Volatility
NVCR vs. GSGDX - Volatility Comparison
NovoCure Limited (NVCR) has a higher volatility of 19.82% compared to Goldman Sachs Investment Grade Credit Fund (GSGDX) at 1.45%. This indicates that NVCR's price experiences larger fluctuations and is considered to be riskier than GSGDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.