SEQAX vs. GSGRX

Last updated Aug 1, 2026

SEQAX (Guggenheim World Equity Income Fund) and GSGRX (Goldman Sachs Equity Income Fund) are both Dividend funds. Over the past 10 years, SEQAX returned 9.44%/yr vs 11.70%/yr for GSGRX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.20% expense ratio.

Performance

SEQAX vs. GSGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim World Equity Income Fund (SEQAX) and Goldman Sachs Equity Income Fund (GSGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEQAX achieves a 14.10% return, which is significantly lower than GSGRX's 18.68% return. Over the past 10 years, SEQAX has underperformed GSGRX with an annualized return of 9.44%, while GSGRX has yielded a comparatively higher 11.70% annualized return.

SEQAX

• 1D: 1.15%
• 1M: 2.87%
• 6M: 9.90%
• YTD: 14.10%
• 1Y: 28.89%
• 3Y*: 14.89%
• 5Y*: 9.29%
• 10Y*: 9.44%
• ALL TIME*: 7.73%

GSGRX

• 1D: 0.88%
• 1M: 2.38%
• 6M: 14.73%
• YTD: 18.68%
• 1Y: 27.06%
• 3Y*: 20.30%
• 5Y*: 12.96%
• 10Y*: 11.70%
• ALL TIME*: 8.40%

*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)
GSGRX Goldman Sachs Equity Income Fund	$0.00	$0.00	$0.00
SEQAX Guggenheim World Equity Income Fund	$0.00	$0.00	$0.00

SEQAX vs. GSGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SEQAX Guggenheim World Equity Income Fund	14.10%	22.37%	5.57%	12.10%	-9.30%	21.30%	6.14%	21.02%	-8.68%	14.70%
GSGRX Goldman Sachs Equity Income Fund	18.68%	12.48%	25.98%	8.19%	-5.28%	21.83%	3.49%	24.98%	-6.11%	10.37%

Correlation

The correlation between SEQAX and GSGRX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994	0.78

The correlation between SEQAX and GSGRX shifts across timeframes, from 0.76 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SEQAX vs. GSGRX — Risk / Return Rank

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

SEQAX

SEQAX Risk / Return Rank: 90
SEQAX Sharpe Ratio Rank: 94
SEQAX Sortino Ratio Rank: 92
SEQAX Omega Ratio Rank: 87
SEQAX Calmar Ratio Rank: 88
SEQAX Martin Ratio Rank: 91

GSGRX

GSGRX Risk / Return Rank: 92
GSGRX Sharpe Ratio Rank: 93
GSGRX Sortino Ratio Rank: 90
GSGRX Omega Ratio Rank: 85
GSGRX Calmar Ratio Rank: 96
GSGRX Martin Ratio Rank: 96

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.

SEQAX vs. GSGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim World Equity Income Fund (SEQAX) and Goldman Sachs Equity Income Fund (GSGRX). 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.

	SEQAX	GSGRX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.41	+0.06
Sortino ratio: Return per unit of downside risk	3.57	3.43	+0.14
Omega ratio: Gain probability vs. loss probability	1.45	1.43	+0.02
Calmar ratio: Return relative to maximum drawdown	3.26	4.58	-1.32
Martin ratio: Return relative to average drawdown	12.98	18.09	-5.11

SEQAX vs. GSGRX - Sharpe Ratio Comparison

The current SEQAX Sharpe Ratio is 2.47, which is comparable to the GSGRX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of SEQAX and GSGRX, 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

SEQAX vs. GSGRX - Drawdown Comparison

The maximum SEQAX drawdown since its inception was -52.69%, roughly equal to the maximum GSGRX drawdown of -54.44%. Use the drawdown chart below to compare losses from any high point for SEQAX and GSGRX.

Drawdown Indicators

	SEQAX	GSGRX	Difference
Max Drawdown Largest peak-to-trough decline	-52.69%	-54.44%	+1.75%
Max Drawdown (1Y) Largest decline over 1 year	-8.39%	-5.48%	-2.91%
Max Drawdown (3Y) Largest decline over 3 years	-18.63%	-19.02%	+0.39%
Max Drawdown (5Y) Largest decline over 5 years	-20.03%	-19.02%	-1.01%
Max Drawdown (10Y) Largest decline over 10 years	-35.29%	-35.11%	-0.18%
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	-10.97%	-10.33%	-0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.41%	+0.70%

Volatility

SEQAX vs. GSGRX - Volatility Comparison

Guggenheim World Equity Income Fund (SEQAX) and Goldman Sachs Equity Income Fund (GSGRX) have volatilities of 2.76% and 2.81%, 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.

Volatility by Period

	SEQAX	GSGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	2.81%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	8.77%	7.91%	+0.86%
Volatility (1Y) Calculated over the trailing 1-year period	11.08%	10.42%	+0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.51%	16.11%	-2.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.89%	17.13%	-2.24%

SEQAX vs. GSGRX - Expense Ratio Comparison

Both SEQAX and GSGRX have an expense ratio of 1.20%.

Dividends

SEQAX vs. GSGRX - Dividend Comparison

SEQAX's dividend yield for the trailing twelve months is around 12.85%, more than GSGRX's 8.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSGRX Goldman Sachs Equity Income Fund	8.42%	9.72%	18.35%	4.70%	4.42%	8.01%	1.52%	5.56%	2.67%	1.69%	1.79%	1.90%
SEQAX Guggenheim World Equity Income Fund	12.85%	14.91%	1.34%	1.82%	2.16%	29.17%	1.69%	2.45%	3.24%	2.18%	2.32%	2.28%

Frequently Asked Questions

Can I hold both SEQAX and GSGRX in my portfolio?

SEQAX and GSGRX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEQAX or GSGRX?

GSGRX has higher volatility (2.81%) compared to SEQAX (2.76%). In terms of maximum drawdown, SEQAX dropped -52.69% vs GSGRX's -54.44%.

Which has better risk-adjusted returns?

SEQAX currently has the higher Sharpe Ratio (2.47 vs 2.41), 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.