SGLP.L vs. GSSRX
Compare and contrast key facts about Invesco Physical Gold A (SGLP.L) and Goldman Sachs Short Duration Bond Fund (GSSRX).
SGLP.L is a passively managed fund by Invesco that tracks the performance of the Gold. It was launched on Jun 24, 2009. GSSRX is managed by Goldman Sachs. It was launched on Feb 29, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SGLP.L or GSSRX.
Key characteristics
| SGLP.L | GSSRX | |
|---|---|---|
| YTD Return | 15.73% | 2.37% |
| 1Y Return | 22.89% | 6.29% |
| 3Y Return (Ann) | 12.67% | 0.75% |
| 5Y Return (Ann) | 10.23% | 1.86% |
| 10Y Return (Ann) | 9.15% | 1.87% |
| Sharpe Ratio | 1.82 | 2.72 |
| Daily Std Dev | 12.53% | 2.40% |
| Max Drawdown | -38.83% | -8.50% |
| Current Drawdown | -2.58% | 0.00% |
Correlation
The correlation between SGLP.L and GSSRX is 0.22, 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
SGLP.L vs. GSSRX - Performance Comparison
In the year-to-date period, SGLP.L achieves a 15.73% return, which is significantly higher than GSSRX's 2.37% return. Over the past 10 years, SGLP.L has outperformed GSSRX with an annualized return of 9.15%, while GSSRX has yielded a comparatively lower 1.87% annualized 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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SGLP.L vs. GSSRX - Expense Ratio Comparison
SGLP.L has a 0.12% expense ratio, which is lower than GSSRX's 0.48% expense ratio.
Risk-Adjusted Performance
SGLP.L vs. GSSRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (SGLP.L) and Goldman Sachs Short Duration Bond Fund (GSSRX). 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
SGLP.L vs. GSSRX - Dividend Comparison
SGLP.L has not paid dividends to shareholders, while GSSRX's dividend yield for the trailing twelve months is around 3.53%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGLP.L Invesco Physical Gold A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GSSRX Goldman Sachs Short Duration Bond Fund | 3.53% | 3.14% | 2.18% | 1.40% | 2.19% | 2.85% | 2.55% | 2.21% | 2.08% | 2.43% | 1.55% | 1.48% |
Drawdowns
SGLP.L vs. GSSRX - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -38.83%, which is greater than GSSRX's maximum drawdown of -8.50%. Use the drawdown chart below to compare losses from any high point for SGLP.L and GSSRX. For additional features, visit the drawdowns tool.
Volatility
SGLP.L vs. GSSRX - Volatility Comparison
Invesco Physical Gold A (SGLP.L) has a higher volatility of 4.25% compared to Goldman Sachs Short Duration Bond Fund (GSSRX) at 0.47%. This indicates that SGLP.L's price experiences larger fluctuations and is considered to be riskier than GSSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.