Goldman Sachs Local Emerging Markets Debt Fund (GIMDX) belongs to the Emerging Markets Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GIMDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GIMDX
GIMDX charges 0.92% annually. There are 43 mutual funds in the Emerging Markets Bonds category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Payden Emerging Markets Local Bond Fund | 0.09% | — | Nov 2011 | GIMDX vs PYELX | |
| Voya Emerging Markets Corporate Debt Fund | 0.10% | — | Aug 2012 | GIMDX vs IMCDX | |
| Vanguard Emerging Markets Bond Fund Admiral Shares | 0.40% | — | Dec 2017 | GIMDX vs VEGBX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.41% | — | Dec 2005 | GIMDX vs SEDAX | |
| GMO Emerging Country Debt Fund Class VI | 0.51% | — | Apr 1994 | GIMDX vs GMOQX |
Best Risk-Adjusted Alternatives to GIMDX
GIMDX has a PortfoliosLab risk / return rank of 82. There are 38 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| American Beacon Developing World Income Fund Class... | 99 | — | Feb 2014 | GIMDX vs AGEYX | |
| American Beacon Frontier Markets Income Fund | 98 | — | Feb 2014 | GIMDX vs AGEPX | |
| GMO Emerging Country Debt Fund Class VI | 98 | — | Apr 1994 | GIMDX vs GMOQX | |
| GMO Emerging Country Debt Fund | 98 | — | Apr 1994 | GIMDX vs GMCDX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 98 | — | Sep 2015 | GIMDX vs EIDOX |
Top Performing GIMDX Alternatives (YTD)
GIMDX is at 1.87% YTD. There are 58 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 17.95%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 17.95% | — | Dec 2010 | GIMDX vs EDF | |
| Morgan Stanley Emerging Markets Domestic Fund | 14.01% | — | Apr 2007 | GIMDX vs EDD | |
| GMO Emerging Country Debt Fund Class VI | 9.17% | — | Apr 1994 | GIMDX vs GMOQX | |
| GMO Emerging Country Debt Fund | 9.14% | — | Apr 1994 | GIMDX vs GMCDX | |
| Franklin Emerging Market Debt Opportunities Fund | 8.88% | — | May 2006 | GIMDX vs FEMDX |
Lowest Volatility Alternatives to GIMDX
GIMDX has 3.21% 1-year volatility. There are 10 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.17%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 1.17% | — | Apr 2014 | GIMDX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 1.95% | — | Apr 2010 | GIMDX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.03% | — | May 2011 | GIMDX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | 2.03% | — | Nov 2013 | GIMDX vs PYCEX | |
| DoubleLine Emerging Markets Fixed Income Fund | 2.08% | — | Apr 2010 | GIMDX vs DBLEX |
Lowest Drawdown Alternatives to GIMDX
GIMDX has a 1-year max drawdown of -2.93%. There are 7 mutual funds in the Emerging Markets Bonds category with shallower 1-year drawdowns, going as shallow as -0.92%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | -0.92% | — | Apr 2014 | GIMDX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | -1.81% | — | Apr 2010 | GIMDX vs DBLEX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -1.83% | — | Apr 2010 | GIMDX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | -1.90% | — | May 2011 | GIMDX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | -2.37% | — | Nov 2013 | GIMDX vs PYCEX |
Other Mutual Funds from Goldman Sachs
The 10 most viewed Goldman Sachs mutual funds shown here include GSIMX, GSINX, GCIIX and span 7 categories.
Often Compared With GIMDX
Investors most often compare GIMDX with GSRAX, GSSRX, EELDX. These 3 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Rising Dividend Growth Fund | Large Cap Blend Equities, Dividend | 33 | 12.13% | — | Mar 2004 | GIMDX vs GSRAX | |
| Goldman Sachs Short Duration Bond Fund | Short-Term Bond | 78 | 0.90% | — | Feb 2012 | GIMDX vs GSSRX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 98 | 8.49% | — | Feb 2013 | GIMDX vs EELDX |
Compare GIMDX with Any Fund or Stock
Compare GIMDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GIMDX with funds that move differently
Goldman Sachs Local Emerging Markets Debt Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GIMDX.
Explore GIMDX Diversifiers