VUSTX vs. GSGOX

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Long-Term Treasury Fund Investor Shares (VUSTX) and Goldman Sachs Government Income Fund (GSGOX).

VUSTX is managed by Vanguard. It was launched on May 19, 1986. GSGOX is managed by Goldman Sachs. It was launched on Feb 9, 1993.

Performance

VUSTX vs. GSGOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Long-Term Treasury Fund Investor Shares (VUSTX) and Goldman Sachs Government Income Fund (GSGOX). The values are adjusted to include any dividend payments, if applicable.

VUSTX vs. GSGOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VUSTX Vanguard Long-Term Treasury Fund Investor Shares	-0.56%	5.55%	-6.41%	3.33%	-29.58%	-4.93%	18.20%	14.14%	-1.89%	8.60%
GSGOX Goldman Sachs Government Income Fund	1.75%	6.58%	0.07%	4.07%	-13.16%	-2.47%	6.34%	5.77%	0.30%	1.74%

Returns By Period

VUSTX

• 1D: 0.00%
• 1M: -3.43%
• YTD: -0.56%
• 6M: -0.98%
• 1Y: -0.63%
• 3Y*: -1.62%
• 5Y*: -4.99%
• 10Y*: -0.93%

GSGOX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VUSTX vs. GSGOX - Expense Ratio Comparison

VUSTX has a 0.20% expense ratio, which is lower than GSGOX's 0.82% expense ratio.

GSGOX

Goldman Sachs Government Income Fund

VUSTX

Vanguard Long-Term Treasury Fund Investor Shares

Return for Risk

VUSTX vs. GSGOX — Risk / Return Rank

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

VUSTX

VUSTX Risk / Return Rank: 6
VUSTX Sharpe Ratio Rank: 5
VUSTX Sortino Ratio Rank: 4
VUSTX Omega Ratio Rank: 4
VUSTX Calmar Ratio Rank: 8
VUSTX Martin Ratio Rank: 7

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.

VUSTX vs. GSGOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Treasury Fund Investor Shares (VUSTX) and Goldman Sachs Government Income Fund (GSGOX). 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.

	VUSTX	GSGOX	Difference
Sharpe ratio Return per unit of total volatility	0.02	—	—
Sortino ratio Return per unit of downside risk	0.10	—	—
Omega ratio Gain probability vs. loss probability	1.01	—	—
Calmar ratio Return relative to maximum drawdown	0.15	—	—
Martin ratio Return relative to average drawdown	0.33	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VUSTX	GSGOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.02	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	—	—

Correlation

The correlation between VUSTX and GSGOX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VUSTX vs. GSGOX - Dividend Comparison

VUSTX's dividend yield for the trailing twelve months is around 4.02%, more than GSGOX's 3.32% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VUSTX Vanguard Long-Term Treasury Fund Investor Shares	4.02%	4.29%	4.03%	3.33%	2.93%	4.21%	10.38%	2.82%	2.82%	2.64%	5.27%	5.52%
GSGOX Goldman Sachs Government Income Fund	3.32%	3.03%	2.26%	2.09%	1.02%	2.30%	1.22%	2.03%	2.01%	1.73%	1.71%	1.53%

Drawdowns

Drawdown Indicators

	VUSTX	GSGOX	Difference
Max Drawdown Largest peak-to-trough decline	-46.37%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.37%	—	—
Current Drawdown Current decline from peak	-36.78%	—	—
Average Drawdown Average peak-to-trough decline	-9.23%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.95%	—	—

Volatility

Volatility by Period

	VUSTX	GSGOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.49%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.64%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.78%	—	—