SOPYX vs. GSGRX

Last updated Aug 1, 2026

SOPYX (ClearBridge Dividend Strategy Fund Class I) and GSGRX (Goldman Sachs Equity Income Fund) are both Dividend funds. Over the past 10 years, SOPYX returned 12.36%/yr vs 11.70%/yr for GSGRX. Their correlation of 0.90 means they have usually moved in the same direction. SOPYX charges 0.73%/yr vs 1.20%/yr for GSGRX.

Performance

SOPYX vs. GSGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Dividend Strategy Fund Class I (SOPYX) 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, SOPYX achieves a 10.00% return, which is significantly lower than GSGRX's 18.68% return. Over the past 10 years, SOPYX has outperformed GSGRX with an annualized return of 12.36%, while GSGRX has yielded a comparatively lower 11.70% annualized return.

SOPYX

• 1D: -0.30%
• 1M: 1.10%
• 6M: 6.82%
• YTD: 10.00%
• 1Y: 17.77%
• 3Y*: 14.38%
• 5Y*: 10.81%
• 10Y*: 12.36%
• ALL TIME*: 12.73%

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
SOPYX ClearBridge Dividend Strategy Fund Class I	$0.00	$0.00	$0.00

SOPYX vs. GSGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOPYX ClearBridge Dividend Strategy Fund Class I	10.00%	12.56%	17.09%	14.45%	-8.16%	26.71%	7.96%	31.36%	-4.86%	18.84%
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 SOPYX and GSGRX is 0.84, 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.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997	0.90

The correlation between SOPYX and GSGRX has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.

Return for Risk

SOPYX vs. GSGRX — Risk / Return Rank

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

SOPYX

SOPYX Risk / Return Rank: 64
SOPYX Sharpe Ratio Rank: 70
SOPYX Sortino Ratio Rank: 71
SOPYX Omega Ratio Rank: 66
SOPYX Calmar Ratio Rank: 54
SOPYX Martin Ratio Rank: 59

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.

SOPYX vs. GSGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Dividend Strategy Fund Class I (SOPYX) 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.

	SOPYX	GSGRX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.41	-0.70
Sortino ratio: Return per unit of downside risk	2.49	3.43	-0.93
Omega ratio: Gain probability vs. loss probability	1.31	1.43	-0.12
Calmar ratio: Return relative to maximum drawdown	2.06	4.58	-2.53
Martin ratio: Return relative to average drawdown	8.22	18.09	-9.86

SOPYX vs. GSGRX - Sharpe Ratio Comparison

The current SOPYX Sharpe Ratio is 1.71, which is comparable to the GSGRX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of SOPYX 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

SOPYX vs. GSGRX - Drawdown Comparison

The maximum SOPYX drawdown since its inception was -46.64%, smaller than the maximum GSGRX drawdown of -54.44%. Use the drawdown chart below to compare losses from any high point for SOPYX and GSGRX.

Drawdown Indicators

	SOPYX	GSGRX	Difference
Max Drawdown Largest peak-to-trough decline	-46.64%	-54.44%	+7.80%
Max Drawdown (1Y) Largest decline over 1 year	-8.03%	-5.48%	-2.55%
Max Drawdown (3Y) Largest decline over 3 years	-13.44%	-19.02%	+5.58%
Max Drawdown (5Y) Largest decline over 5 years	-19.10%	-19.02%	-0.08%
Max Drawdown (10Y) Largest decline over 10 years	-34.70%	-35.11%	+0.41%
Current Drawdown Current decline from peak	-0.78%	-0.11%	-0.67%
Average Drawdown Average peak-to-trough decline	-5.52%	-10.33%	+4.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	1.41%	+0.60%

Volatility

SOPYX vs. GSGRX - Volatility Comparison

ClearBridge Dividend Strategy Fund Class I (SOPYX) has a higher volatility of 3.31% compared to Goldman Sachs Equity Income Fund (GSGRX) at 2.81%. This indicates that SOPYX's price experiences larger fluctuations and is considered to be riskier than GSGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOPYX	GSGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	2.81%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	7.36%	7.91%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	9.65%	10.42%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.17%	16.11%	-1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.30%	17.13%	-0.83%

SOPYX vs. GSGRX - Expense Ratio Comparison

SOPYX has a 0.73% expense ratio, which is lower than GSGRX's 1.20% expense ratio.

Dividends

SOPYX vs. GSGRX - Dividend Comparison

SOPYX's dividend yield for the trailing twelve months is around 11.47%, 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%
SOPYX ClearBridge Dividend Strategy Fund Class I	11.47%	13.28%	9.41%	9.11%	5.77%	9.87%	1.98%	7.39%	6.74%	6.77%	3.23%	1.82%

Frequently Asked Questions

Can I hold both SOPYX and GSGRX in my portfolio?

SOPYX and GSGRX 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, SOPYX or GSGRX?

SOPYX has higher volatility (3.31%) compared to GSGRX (2.81%). In terms of maximum drawdown, SOPYX dropped -46.64% vs GSGRX's -54.44%.

Which has better risk-adjusted returns?

GSGRX currently has the higher Sharpe Ratio (2.41 vs 1.71), 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.