STBCX vs. GSSRX
Compare and contrast key facts about Invesco Short Term Bond Fund (STBCX) and Goldman Sachs Short Duration Bond Fund (GSSRX).
STBCX is managed by Invesco. It was launched on Aug 30, 2002. 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: STBCX or GSSRX.
Key characteristics
| STBCX | GSSRX | |
|---|---|---|
| YTD Return | 4.33% | 4.32% |
| 1Y Return | 7.16% | 7.36% |
| 3Y Return (Ann) | 1.30% | 1.45% |
| 5Y Return (Ann) | 1.43% | 1.99% |
| 10Y Return (Ann) | 1.56% | 2.06% |
| Sharpe Ratio | 2.80 | 2.93 |
| Sortino Ratio | 5.13 | 4.86 |
| Omega Ratio | 1.71 | 1.67 |
| Calmar Ratio | 2.03 | 2.05 |
| Martin Ratio | 20.77 | 18.57 |
| Ulcer Index | 0.34% | 0.38% |
| Daily Std Dev | 2.51% | 2.43% |
| Max Drawdown | -9.61% | -8.53% |
| Current Drawdown | -0.63% | -0.68% |
Correlation
The correlation between STBCX and GSSRX is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
STBCX vs. GSSRX - Performance Comparison
The year-to-date returns for both stocks are quite close, with STBCX having a 4.33% return and GSSRX slightly lower at 4.32%. Over the past 10 years, STBCX has underperformed GSSRX with an annualized return of 1.56%, while GSSRX has yielded a comparatively higher 2.06% 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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STBCX vs. GSSRX - Expense Ratio Comparison
STBCX has a 0.97% expense ratio, which is higher than GSSRX's 0.48% expense ratio.
Risk-Adjusted Performance
STBCX vs. GSSRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Term Bond Fund (STBCX) 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
STBCX vs. GSSRX - Dividend Comparison
STBCX's dividend yield for the trailing twelve months is around 4.76%, more than GSSRX's 3.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STBCX Invesco Short Term Bond Fund | 4.76% | 3.91% | 1.91% | 1.15% | 1.81% | 2.46% | 2.17% | 1.55% | 1.41% | 1.64% | 1.64% | 1.44% |
GSSRX Goldman Sachs Short Duration Bond Fund | 3.81% | 3.15% | 2.18% | 1.36% | 2.16% | 2.86% | 2.55% | 2.21% | 2.08% | 2.43% | 1.61% | 1.44% |
Drawdowns
STBCX vs. GSSRX - Drawdown Comparison
The maximum STBCX drawdown since its inception was -9.61%, which is greater than GSSRX's maximum drawdown of -8.53%. Use the drawdown chart below to compare losses from any high point for STBCX and GSSRX. For additional features, visit the drawdowns tool.
Volatility
STBCX vs. GSSRX - Volatility Comparison
The current volatility for Invesco Short Term Bond Fund (STBCX) is 0.49%, while Goldman Sachs Short Duration Bond Fund (GSSRX) has a volatility of 0.59%. This indicates that STBCX experiences smaller price fluctuations and is considered to be less risky than GSSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.