- ISIN
- US38144N5361
- Issuer
- BlackRock
- Inception Date
- Jan 31, 2008
- Category
- Foreign Large Cap Equities
- 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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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%
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.94% | 6.78% | -8.50% | 5.34% | 3.76% | 0.16% | 13.30% | ||||||
| 2025 | 4.78% | 3.25% | 0.90% | 4.75% | 5.39% | 2.96% | -2.29% | 5.28% | 3.75% | 0.55% | 1.83% | 2.90% | 39.51% |
| 2024 | 0.93% | 3.68% | 4.75% | -4.46% | 4.99% | -2.30% | 3.22% | 3.19% | 0.07% | -4.64% | 0.69% | -3.32% | 6.30% |
| 2023 | 7.72% | -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
- R²
- 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.
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.
| GHTMX | Benchmark | Difference | |
|---|---|---|---|
| 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 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 1mo | 8mo 29d | 2y 10moJan 2018 - Dec 2020 |
Bear market2022 | -29.93%Sep 2022 | 1y 11d | 1y 4mo | 2y 4moSep 2021 - Jan 2024 |
Financial crisis2007–2009 | -29.56%Mar 2009 | 2mo 3d | 2mo 18d | 4mo 21dJan 2009 - May 2009 |
2011 bear market2011 | -25.96%Sep 2011 | 4mo 22d | 1y 6mo | 1y 11moMay 2011 - Apr 2013 |
2010 bear market2010 | -20.43%Jun 2010 | 1mo 22d | 4mo 8d | 6moApr 2010 - Oct 2010 |
Drawdown Indicators
| GHTMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.10% | -0.74% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -10.72% | +3.12% |
Ulcer IndexDepth 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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