PRPIX vs. GSGDX
PRPIX (T. Rowe Price Corporate Income Fund) and GSGDX (Goldman Sachs Investment Grade Credit Fund) are both Corporate Bonds funds. Over the past 10 years, PRPIX returned 2.82%/yr vs 2.40%/yr for GSGDX. Their correlation of 0.91 means they have usually moved in the same direction. PRPIX charges 0.56%/yr vs 0.38%/yr for GSGDX.
Performance
PRPIX vs. GSGDX - Performance Comparison
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Returns By Period
In the year-to-date period, PRPIX achieves a -1.08% return, which is significantly lower than GSGDX's -0.82% return. Over the past 10 years, PRPIX has outperformed GSGDX with an annualized return of 2.82%, while GSGDX has yielded a comparatively lower 2.40% annualized return.
PRPIX
- 1D
- 0.13%
- 1M
- -1.87%
- 6M
- -1.11%
- YTD
- -1.08%
- 1Y
- 1.62%
- 3Y*
- 6.94%
- 5Y*
- 1.00%
- 10Y*
- 2.82%
- ALL TIME*
- 4.93%
GSGDX
- 1D
- 0.13%
- 1M
- -1.61%
- 6M
- -1.09%
- YTD
- -0.82%
- 1Y
- 1.91%
- 3Y*
- 4.37%
- 5Y*
- -0.48%
- 10Y*
- 2.40%
- ALL TIME*
- 3.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRPIX vs. GSGDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRPIX T. Rowe Price Corporate Income Fund | -1.08% | 9.21% | 6.49% | 12.72% | -17.71% | -0.76% | 7.87% | 15.77% | -3.05% | 6.58% |
GSGDX Goldman Sachs Investment Grade Credit Fund | -0.82% | 8.23% | 1.93% | 8.81% | -17.33% | -0.97% | 10.12% | 16.83% | -2.55% | 6.49% |
Correlation
The correlation between PRPIX and GSGDX is 0.86, 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. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2004 | 0.91 |
The correlation between PRPIX and GSGDX has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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Return for Risk
PRPIX vs. GSGDX — Risk / Return Rank
PRPIX
GSGDX
PRPIX vs. GSGDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Corporate Income Fund (PRPIX) 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.
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.
| PRPIX | GSGDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.12 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 0.88 | -0.16 |
| Martin ratioReturn relative to average drawdown | 2.32 | 2.67 | -0.35 |
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Drawdowns
PRPIX vs. GSGDX - Drawdown Comparison
The maximum PRPIX drawdown since its inception was -24.24%, roughly equal to the maximum GSGDX drawdown of -23.48%. Use the drawdown chart below to compare losses from any high point for PRPIX and GSGDX.
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Drawdown Indicators
| PRPIX | GSGDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.24% | -23.48% | -0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.29% | -3.52% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -4.93% | -6.02% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -24.24% | -23.48% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -24.24% | -23.48% | -0.76% |
Current DrawdownCurrent decline from peak | -2.48% | -2.80% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -3.86% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.16% | -0.13% |
Volatility
PRPIX vs. GSGDX - Volatility Comparison
T. Rowe Price Corporate Income Fund (PRPIX) and Goldman Sachs Investment Grade Credit Fund (GSGDX) have volatilities of 1.16% and 1.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRPIX | GSGDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.11% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.32% | 3.54% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 4.41% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.65% | 6.84% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.05% | 6.40% | -0.35% |
PRPIX vs. GSGDX - Expense Ratio Comparison
PRPIX has a 0.56% expense ratio, which is higher than GSGDX's 0.38% expense ratio.
Dividends
PRPIX vs. GSGDX - Dividend Comparison
PRPIX's dividend yield for the trailing twelve months is around 4.75%, more than GSGDX's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSGDX Goldman Sachs Investment Grade Credit Fund | 4.51% | 4.75% | 3.94% | 3.52% | 2.74% | 5.10% | 4.18% | 5.89% | 3.56% | 3.19% | 3.38% | 3.76% |
PRPIX T. Rowe Price Corporate Income Fund | 4.75% | 5.87% | 8.35% | 7.54% | 2.42% | 5.61% | 3.82% | 5.47% | 3.47% | 3.95% | 3.20% | 4.23% |
Frequently Asked Questions
PRPIX and GSGDX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRPIX has higher volatility (1.16%) compared to GSGDX (1.11%). In terms of maximum drawdown, PRPIX dropped -24.24% vs GSGDX's -23.48%.
GSGDX currently has the higher Sharpe Ratio (0.71 vs 0.56), 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.
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