GTIP vs ERC

Comparison between GOLDMAN SACHS ACCESS INFLATION PROTECTED USD BOND ETF (GTIP, ETF) and Allspring Multi-Sector Income Fund (ERC, ETF).

5-Year PerformanceERC has outperformed GTIP, delivering a return of +1.9% compared to +1.0%

GTIP vs ERC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GTIP(ETF)	ERC(ETF)
Net Assets	$276M	$276M
Expense Ratio	0.12%	N/A
Max Drawdown	21.37%	61.26%
Sharpe Ratio	0.35	0.22
5Y Beta	0.03	0.29
5Y Dividends CAGR	21.14%	-4.92%

Net Assets

Winner

GTIP

$276M

ERC

$276M

Expense Ratio

GTIP

0.12%

ERC

N/A

Max Drawdown

Winner

GTIP

21.37%

ERC

61.26%

Sharpe Ratio

Winner

GTIP

0.35

ERC

0.22

5Y Beta

Winner

GTIP

0.03

ERC

0.29

5Y Dividends CAGR

Winner

GTIP

21.14%

ERC

-4.92%

GTIP vs ERC - Historical Returns

Returns include dividend reinvestment.

Period	GTIP	ERC
1 month	-0.19%	-0.52%
3 months	+0.50%	+1.85%
6 months	+1.47%	+0.04%
1 year	+4.67%	+5.00%
5 years(CAGR)	+1.03%	+1.91%
10 years(CAGR)	+2.69%	+6.25%
Max(CAGR)	+3.18%	+6.31%

Winner

GTIP

-0.19%

ERC

-0.52%

GTIP

+0.50%

Winner

ERC

+1.85%

Winner

GTIP

+1.47%

ERC

+0.04%

GTIP

+4.67%

Winner

ERC

+5.00%

5Y(CAGR)

GTIP

+1.03%

Winner

ERC

+1.91%

10Y(CAGR)

GTIP

+2.69%

Winner

ERC

+6.25%

Max(CAGR)

GTIP

+3.18%

Winner

ERC

+6.31%

GTIP vs ERC - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	GTIP	ERC
2026	+1.43%	+0.69%
2025	+6.57%	+11.57%
2024	+2.10%	+6.22%
2023	+3.57%	+4.86%
2022	-11.68%	-16.89%
2021	+5.69%	+19.00%
2020	+10.26%	+4.50%
2019	+8.20%	+27.12%
2018	+0.24%	-4.31%
2017	N/A	+11.37%
2016	+11.38%	+22.86%
2015	N/A	-6.98%
2014	N/A	+4.97%
2013	N/A	-7.17%
2012	N/A	+19.05%
2011	N/A	+4.26%
2010	N/A	+17.22%
2009	N/A	+46.85%
2008	N/A	-20.91%
2007	N/A	-1.03%
2006	N/A	+16.47%
2005	N/A	-7.05%
2004	N/A	+7.02%
2003	N/A	-3.51%

GTIP vs ERC Drawdown Comparison

The maximum drawdown for GTIP was -14.30%, occurring on Oct 10, 2022. Recovery took 1068 trading sessions.

The maximum drawdown for ERC was -47.40%, occurring on Oct 10, 2008. Recovery took 558 trading sessions.

The current GTIP drawdown is -0.37%. The current ERC drawdown is -2.32%.

Rank	GTIP	ERC
#1	-14.30% Nov 9, 2021 - Feb 12, 2026	-47.40% May 7, 2007 - Jul 23, 2009
#2	-10.55% Mar 6, 2020 - Jun 10, 2020	-41.26% Feb 20, 2020 - Jan 7, 2021
#3	-4.21% Aug 23, 2016 - Mar 22, 2019	-33.58% Sep 27, 2021 - Sep 16, 2025
#4	-2.86% Jan 28, 2021 - May 5, 2021	-18.40% Apr 26, 2013 - Apr 29, 2016
#5	-2.38% Aug 29, 2019 - Jan 3, 2020	-13.99% Apr 16, 2018 - Feb 1, 2019
#6	-2.02% Feb 27, 2026 - May 1, 2026	-12.99% Feb 10, 2004 - Oct 8, 2004
#7	-1.87% Feb 10, 2016 - Mar 4, 2016	-11.66% Jun 27, 2003 - Jan 9, 2004
#8	-1.68% Jun 23, 2016 - Jun 30, 2016	-11.24% May 4, 2010 - Jul 23, 2010
#9	-1.67% Mar 18, 2016 - Mar 31, 2016	-10.46% Jul 21, 2011 - Jan 19, 2012
#10	-1.55% May 2, 2016 - Jun 3, 2016	-10.39% Dec 8, 2004 - Aug 8, 2006
#11	-1.52% Jan 13, 2016 - Jan 26, 2016	-9.75% Nov 8, 2010 - Jul 15, 2011
#12	-1.47% Oct 27, 2021 - Nov 8, 2021	-8.57% Oct 25, 2012 - Jan 17, 2013
#13	-1.47% Sep 9, 2021 - Oct 26, 2021	-7.89% Sep 7, 2016 - Dec 28, 2016
#14	-1.32% Sep 2, 2020 - Nov 30, 2020	-6.87% Feb 18, 2026 - Mar 30, 2026
#15	-1.29% Jul 14, 2016 - Jul 29, 2016	-5.09% Jan 19, 2010 - Feb 25, 2010

Correlation

Correlation between GTIP and ERC is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2003 - 2026)

GTIP vs ERC dividend yield comparison.

Year	GTIP	ERC
2026	1.95%	4.87%
2025	4.58%	9.34%
2024	3.52%	8.65%
2023	2.77%	8.44%
2022	6.47%	10.71%
2021	3.82%	8.51%
2020	1.04%	9.50%
2019	2.34%	9.35%
2018	0.66%	11.56%
2017	0.00%	9.66%
2016	0.00%	8.80%
2015	0.00%	13.67%
2014	0.00%	8.78%
2013	0.00%	8.53%
2012	0.00%	7.42%
2011	0.00%	8.23%
2010	0.00%	8.48%
2009	0.00%	9.17%
2008	0.00%	23.72%
2007	0.00%	8.27%
2006	0.00%	8.19%
2005	0.00%	9.18%
2004	0.00%	8.54%
2003	0.00%	3.83%