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ISIN
US38144N5361
Issuer
BlackRock
Inception Date
Jan 31, 2008
Min. Investment
$1,000,000
Distribution Policy
Distributing
Asset Class
Equity

Share Price Chart


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Performance

GHTMX Performance Chart

Goldman Sachs International Tax- Managed Equity Fund (GHTMX) is up 13.3% since the beginning of the year. GHTMX is currently trading at $19 per share. Investors who bought $1,000 worth of GHTMX shares 5 years ago would now be looking at an investment worth $1,758.


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S&P 500 Index

Returns By Period

Goldman Sachs International Tax- Managed Equity Fund (GHTMX) has returned 13.30% so far this year and 30.21% over the past 12 months. Over the last ten years, GHTMX has returned 10.60% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.


Goldman Sachs International Tax- Managed Equity Fund

1D
0.47%
1M
5.76%
YTD
13.30%
6M
15.69%
1Y
30.21%
3Y*
22.89%
5Y*
11.95%
10Y*
10.60%

Benchmark (S&P 500 Index)

1D
-0.74%
1M
4.90%
YTD
10.35%
6M
10.28%
1Y
26.52%
3Y*
20.83%
5Y*
12.30%
10Y*
13.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GHTMX Monthly Returns History

Based on dividend-adjusted daily data since Jan 2, 2009, GHTMX's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, an investment would double in approximately 6.9 years.

Historically, 61% of months were positive and 39% were negative. The best month was May 2009 with a return of +12.8%, while the worst month was Mar 2020 at -15.0%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.

On a daily basis, GHTMX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +8.2%, while the worst single day was Mar 12, 2020 at -10.8%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20265.94%6.78%-8.50%5.34%3.76%0.16%13.30%
20254.78%3.25%0.90%4.75%5.39%2.96%-2.29%5.28%3.75%0.55%1.83%2.90%39.51%
20240.93%3.68%4.75%-4.46%4.99%-2.30%3.22%3.19%0.07%-4.64%0.69%-3.32%6.30%
20237.72%-2.30%2.35%2.48%-3.95%5.88%2.73%-3.00%-2.83%-2.55%8.97%4.12%20.20%
2022-4.71%-2.22%1.57%-6.52%1.65%-9.94%4.71%-5.75%-9.04%5.92%12.55%-1.93%-15.00%
2021-0.97%1.52%1.85%3.11%3.61%-0.73%1.79%2.48%-4.14%2.69%-3.97%4.97%12.41%

Benchmark Metrics

Goldman Sachs International Tax- Managed Equity Fund has an annualized alpha of -1.27%, beta of 0.85, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since January 05, 2009.

  • This fund participated in 100.17% of S&P 500 Index downside but only 85.72% of its upside - more exposed to losses than it benefited from rallies.
  • With beta of 0.85 and R2 of 0.72, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

Alpha
-1.27%
Beta
0.85
0.72
Upside Capture
85.72%
Downside Capture
100.17%

Expense Ratio

GHTMX has an expense ratio of 0.90%, placing it in the medium range.


Return for Risk

Risk / Return Rank

GHTMX ranks 41 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


GHTMX Risk / Return Rank: 4141
Overall Rank
GHTMX Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
GHTMX Sortino Ratio Rank: 4040
Sortino Ratio Rank
GHTMX Omega Ratio Rank: 4141
Omega Ratio Rank
GHTMX Calmar Ratio Rank: 4040
Calmar Ratio Rank
GHTMX Martin Ratio Rank: 4343
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Goldman Sachs International Tax- Managed Equity Fund (GHTMX) and compare them to S&P 500 Index.


GHTMXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.31

Sortino ratioReturn per unit of downside risk

-0.40

Omega ratioGain probability vs. loss probability

1.35

1.41

-0.06

Calmar ratioReturn relative to maximum drawdown

2.39

2.93

-0.53

Martin ratioReturn relative to average drawdown

9.08

13.52

-4.44

Dividends

Dividend History

Goldman Sachs International Tax- Managed Equity Fund provided a 1.92% dividend yield over the last twelve months, with an annual payout of $0.37 per share.


1.50%2.00%2.50%3.00%3.50%$0.00$0.10$0.20$0.30$0.4020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.37$0.37$0.27$0.28$0.36$0.37$0.16$0.20$0.15$0.20$0.16$0.13

Dividend yield

1.92%2.18%2.18%2.33%3.56%3.00%1.44%1.95%1.65%1.86%1.85%1.47%

Monthly Dividends

The table displays the monthly dividend distributions for Goldman Sachs International Tax- Managed Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.37$0.37
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.27$0.27
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.28$0.28
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.36$0.36
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.37$0.37

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Goldman Sachs International Tax- Managed Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Goldman Sachs International Tax- Managed Equity Fund was 38.64%, occurring on Mar 23, 2020. Recovery took 188 trading sessions.

The current Goldman Sachs International Tax- Managed Equity Fund drawdown is 0.10%.


Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-38.64%Mar 2020
2y 1mo8mo 29d
2y 10moJan 2018 - Dec 2020
Bear market2022
-29.93%Sep 2022
1y 11d1y 4mo
2y 4moSep 2021 - Jan 2024
Financial crisis2007–2009
-29.56%Mar 2009
2mo 3d2mo 18d
4mo 21dJan 2009 - May 2009
2011 bear market2011
-25.96%Sep 2011
4mo 22d1y 6mo
1y 11moMay 2011 - Apr 2013
2010 bear market2010
-20.43%Jun 2010
1mo 22d4mo 8d
6moApr 2010 - Oct 2010

Drawdown Indicators


GHTMXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-38.64%

-56.78%

+18.14%

Max Drawdown (1Y)

Largest decline over 1 year

-12.41%

-9.10%

-3.31%

Max Drawdown (3Y)

Largest decline over 3 years

-13.60%

-18.90%

+5.30%

Max Drawdown (5Y)

Largest decline over 5 years

-29.93%

-25.43%

-4.50%

Max Drawdown (10Y)

Largest decline over 10 years

-38.64%

-33.92%

-4.72%

Current Drawdown

Current decline from peak

-0.10%

-0.74%

+0.64%

Average Drawdown

Average peak-to-trough decline

-7.60%

-10.72%

+3.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.26%

1.97%

+1.29%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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