QVGIX vs. GGSIX

Last updated Jun 4, 2026

QVGIX (Invesco Global Allocation Fund) and GGSIX (Goldman Sachs Growth Strategy Portfolio) are both Global Allocation funds. Over the past 10 years, QVGIX returned 6.91%/yr vs 11.36%/yr for GGSIX. Their correlation of 0.92 suggests significant overlap in exposure. QVGIX charges 1.15%/yr vs 0.19%/yr for GGSIX.

Performance

QVGIX vs. GGSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Allocation Fund (QVGIX) and Goldman Sachs Growth Strategy Portfolio (GGSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QVGIX achieves a 9.04% return, which is significantly lower than GGSIX's 10.48% return. Over the past 10 years, QVGIX has underperformed GGSIX with an annualized return of 6.91%, while GGSIX has yielded a comparatively higher 11.36% annualized return.

QVGIX

• 1D: 0.04%
• 1M: 3.14%
• YTD: 9.04%
• 6M: 9.65%
• 1Y: 17.89%
• 3Y*: 11.73%
• 5Y*: 5.07%
• 10Y*: 6.91%

GGSIX

• 1D: 0.31%
• 1M: 4.93%
• YTD: 10.48%
• 6M: 11.32%
• 1Y: 25.82%
• 3Y*: 19.75%
• 5Y*: 10.29%
• 10Y*: 11.36%

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

QVGIX vs. GGSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QVGIX Invesco Global Allocation Fund	9.04%	13.68%	5.63%	15.63%	-17.60%	10.45%	14.42%	16.35%	-9.74%	14.83%
GGSIX Goldman Sachs Growth Strategy Portfolio	10.48%	19.29%	19.26%	17.83%	-16.86%	17.04%	14.34%	24.92%	-10.65%	21.54%

Correlation

The correlation between QVGIX and GGSIX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012	0.92

The correlation between QVGIX and GGSIX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.

Return for Risk

QVGIX vs. GGSIX — Risk / Return Rank

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

QVGIX

QVGIX Risk / Return Rank: 58
QVGIX Sharpe Ratio Rank: 56
QVGIX Sortino Ratio Rank: 60
QVGIX Omega Ratio Rank: 57
QVGIX Calmar Ratio Rank: 55
QVGIX Martin Ratio Rank: 61

GGSIX

GGSIX Risk / Return Rank: 66
GGSIX Sharpe Ratio Rank: 69
GGSIX Sortino Ratio Rank: 64
GGSIX Omega Ratio Rank: 64
GGSIX Calmar Ratio Rank: 63
GGSIX Martin Ratio Rank: 70

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.

QVGIX vs. GGSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Allocation Fund (QVGIX) and Goldman Sachs Growth Strategy Portfolio (GGSIX). 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.

	QVGIX	GGSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.42	-0.22
Sortino ratio: Return per unit of downside risk	3.26	3.35	-0.09
Omega ratio: Gain probability vs. loss probability	1.42	1.45	-0.02
Calmar ratio: Return relative to maximum drawdown	2.85	3.03	-0.19
Martin ratio: Return relative to average drawdown	12.13	13.48	-1.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QVGIX vs. GGSIX - Sharpe Ratio Comparison

The current QVGIX Sharpe Ratio is 2.20, which is comparable to the GGSIX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of QVGIX and GGSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QVGIX	GGSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	2.42	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.77	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.80	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.47	+0.22

Drawdowns

QVGIX vs. GGSIX - Drawdown Comparison

The maximum QVGIX drawdown since its inception was -22.91%, smaller than the maximum GGSIX drawdown of -52.85%. Use the drawdown chart below to compare losses from any high point for QVGIX and GGSIX.

Drawdown Indicators

	QVGIX	GGSIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.91%	-52.85%	+29.94%
Max Drawdown (1Y) Largest decline over 1 year	-6.94%	-8.71%	+1.77%
Max Drawdown (3Y) Largest decline over 3 years	-10.00%	-14.78%	+4.78%
Max Drawdown (5Y) Largest decline over 5 years	-22.91%	-26.74%	+3.83%
Max Drawdown (10Y) Largest decline over 10 years	-22.91%	-30.36%	+7.45%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.26%	-9.20%	+4.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.95%	-0.40%

Volatility

QVGIX vs. GGSIX - Volatility Comparison

The current volatility for Invesco Global Allocation Fund (QVGIX) is 2.48%, while Goldman Sachs Growth Strategy Portfolio (GGSIX) has a volatility of 3.21%. This indicates that QVGIX experiences smaller price fluctuations and is considered to be less risky than GGSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QVGIX	GGSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	3.21%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	7.69%	8.69%	-1.00%
Volatility (1Y) Calculated over the trailing 1-year period	8.98%	10.93%	-1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.80%	13.43%	-2.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.94%	14.33%	-3.39%

QVGIX vs. GGSIX - Expense Ratio Comparison

QVGIX has a 1.15% expense ratio, which is higher than GGSIX's 0.19% expense ratio.

Dividends

QVGIX vs. GGSIX - Dividend Comparison

QVGIX's dividend yield for the trailing twelve months is around 6.23%, less than GGSIX's 10.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGSIX Goldman Sachs Growth Strategy Portfolio	10.75%	11.87%	12.21%	1.73%	5.76%	6.57%	3.47%	5.77%	3.02%	2.77%	1.35%	2.03%
QVGIX Invesco Global Allocation Fund	6.23%	6.79%	0.93%	2.27%	6.10%	14.15%	0.00%	0.00%	9.56%	0.13%	3.34%	1.77%

Frequently Asked Questions

Can I hold both QVGIX and GGSIX in my portfolio?

QVGIX and GGSIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QVGIX or GGSIX?

GGSIX has higher volatility (3.21%) compared to QVGIX (2.48%). In terms of maximum drawdown, QVGIX dropped -22.91% vs GGSIX's -52.85%.

Which has better risk-adjusted returns?

GGSIX currently has the higher Sharpe Ratio (2.42 vs 2.20), 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.