Goldman Sachs Access Inflation Protected USD… (GTIP) Performance
GTIP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +0.0% since Dec 31, 2025
- 1 year
- −0.9% total return
- 5 years
- +0.1% a year
- Since first price
- +3.0% a year since 2018
GTIP trailing returns vs AGG, TLT, SPY
| Period | GTIP total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.3% | +1.2% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.5% | −1.4% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.5% | −5.1% | −1.5% | −3.8% | +7.8% |
| YTD | +0.0% | −3.9% | −1.0% | −3.4% | +12.3% |
| 1 year | −0.9% | −5.9% | −1.1% | −6.9% | +14.4% |
| 3 years | +14.5%+4.6%/yr | +0.8% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +0.5%+0.1%/yr | −18.9% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionOct 4, 2018 | +26.6%+3.0%/yr | −5.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GTIP vs AGG
From Oct 4, 2018: GTIP grew to $12,657, AGG to $11,605.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GTIP returns by calendar year
6 of 7 full years positive. Best 2020 (+10.8%), worst 2022 (−12.1%). 2026 is year to date.
GTIP annual returns table
| Year | GTIP | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +0.0% | −3.9% | −1.0% | −3.4% | +12.3% |
| 2025 | +6.6% | −2.9% | +7.2% | +4.3% | +17.7% |
| 2024 | +2.0% | −3.5% | +1.3% | −8.1% | +24.9% |
| 2023 | +3.9% | −6.0% | +5.7% | +2.8% | +26.2% |
| 2022 | −12.1% | −14.3% | −13.0% | −31.2% | −18.2% |
| 2021 | +5.9% | −2.9% | −1.8% | −4.6% | +28.7% |
| 2020 | +10.8% | −10.5% | +7.5% | +18.2% | +18.3% |
| 2019 | +8.3% | −2.4% | +8.5% | +14.1% | +31.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GTIP largest drawdowns
Now 1.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 9, 2021 | −14.3% | Oct 10, 2022 | Feb 12, 2026 | 11 months | 4.3 years |
| Mar 6, 2020 | −10.5% | Mar 18, 2020 | Jun 10, 2020 | 12 days | 3 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
GTIP risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +3.6% | −0.1% | +2.8% |
| Volatility (annualized) | 4.3% | 6.1% | 5.5% |
| Sharpe ratio | -0.16 | -0.58 | 0.06 |
| Sortino ratio | -0.21 | -0.70 | 0.08 |
| Best month | +2.6% | +4.3% | +4.3% |
| Worst month | −2.6% | −6.6% | −6.6% |
| Best 12 months | +9.7% | +9.7% | +10.8% |
| Worst 12 months | −2.1% | −12.1% | −12.1% |
| Positive months | 69% | 57% | 62% |
| Beta vs S&P 500 | 0.16 | 0.27 | — |
| Correlation with S&P 500 | 0.46 | 0.69 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GTIP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 85 | −12.1% | +4.8% | +10.8% | 76% |
| 3-year (a year) | 61 | −2.3% | +1.0% | +8.5% | 66% |
| 5-year (a year) | 37 | −0.1% | +1.6% | +3.0% | 97% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
GTIP performance overview
Goldman Sachs Access Inflation Protected USD… (GTIP) returned −0.9% over the past year and +0.1% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +3.0% a year, turning $10,000 into about $12,657. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −14.3%, from Nov 9, 2021 to Oct 10, 2022, and it took 3.3 years to get back to the old high. GTIP finished 6 of its 7 full calendar years with a gain; the best year was 2020 (+10.8%) and the worst 2022 (−12.1%). Volatility has been 5.5% a year.
Related: GTIP chart, GTIP dividends, GTIP bond profile. See the GTIP overview for the latest quote and fund facts.
GTIP performance FAQ
What is the GTIP return over the past year?
GTIP returned −0.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.9%.
What is the average annual return of GTIP?
GTIP has returned +0.1% a year over 5 years, +3.0% a year since October 4, 2018 (total return, distributions reinvested).
How much would $10,000 invested in GTIP be worth?
$10,000 invested in GTIP at its first recorded close on October 4, 2018 would be worth about $12,657 on October 23, 2026 with distributions reinvested.
What was the worst year for GTIP?
The worst calendar year was 2022, with a total return of −12.1%. The best was 2020 at +10.8%.
What is the biggest drawdown of GTIP?
The largest peak-to-trough decline was −14.3% between November 9, 2021 and October 10, 2022. It recovered to the old high on February 12, 2026, 3.3 years after the bottom.
How volatile is GTIP?
Over the past 3 years GTIP had an annualized volatility of 4.3% and a Sharpe ratio of -0.16 (excess return over 1–3 month T-bills per unit of risk).