CLPAX vs. GIDHX

Last updated Aug 1, 2026

CLPAX (Catalyst Nasdaq-100 Hedged Equity Fund) and GIDHX (Goldman Sachs International Equity Dividend and Premium Fund) are both Derivative Income funds. Over the past 10 years, CLPAX returned 7.01%/yr vs 7.02%/yr for GIDHX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. CLPAX charges 1.74%/yr vs 0.89%/yr for GIDHX.

Performance

CLPAX vs. GIDHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) and Goldman Sachs International Equity Dividend and Premium Fund (GIDHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLPAX achieves a 7.57% return, which is significantly lower than GIDHX's 13.24% return. Both investments have delivered pretty close results over the past 10 years, with CLPAX having a 7.01% annualized return and GIDHX not far ahead at 7.02%.

CLPAX

• 1D: 1.76%
• 1M: -3.34%
• 6M: 6.47%
• YTD: 7.57%
• 1Y: 15.02%
• 3Y*: 12.20%
• 5Y*: 5.95%
• 10Y*: 7.01%
• ALL TIME*: 5.96%

GIDHX

• 1D: 2.61%
• 1M: 3.73%
• 6M: 7.67%
• YTD: 13.24%
• 1Y: 24.76%
• 3Y*: 13.99%
• 5Y*: 7.74%
• 10Y*: 7.02%
• ALL TIME*: 6.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund	$0.00	$0.00	$0.00
GIDHX Goldman Sachs International Equity Dividend and Premium Fund	$0.00	$0.00	$0.00

CLPAX vs. GIDHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund	7.57%	12.32%	11.42%	35.92%	-30.54%	13.11%	5.25%	19.41%	-3.65%	8.20%
GIDHX Goldman Sachs International Equity Dividend and Premium Fund	13.24%	28.92%	-2.17%	16.16%	-13.41%	9.36%	1.20%	14.82%	-12.96%	23.84%

Correlation

The correlation between CLPAX and GIDHX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.53
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (10Y) Provides a long-term view across more market conditions.	0.60
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.61

The correlation between CLPAX and GIDHX has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.

Return for Risk

CLPAX vs. GIDHX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CLPAX

CLPAX Risk / Return Rank: 21
CLPAX Sharpe Ratio Rank: 23
CLPAX Sortino Ratio Rank: 23
CLPAX Omega Ratio Rank: 22
CLPAX Calmar Ratio Rank: 20
CLPAX Martin Ratio Rank: 18

GIDHX

GIDHX Risk / Return Rank: 80
GIDHX Sharpe Ratio Rank: 75
GIDHX Sortino Ratio Rank: 76
GIDHX Omega Ratio Rank: 73
GIDHX Calmar Ratio Rank: 85
GIDHX Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CLPAX vs. GIDHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) and Goldman Sachs International Equity Dividend and Premium Fund (GIDHX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CLPAX	GIDHX	Difference
Sharpe ratio: Return per unit of total volatility	0.80	1.78	-0.98
Sortino ratio: Return per unit of downside risk	1.20	2.60	-1.41
Omega ratio: Gain probability vs. loss probability	1.14	1.32	-0.18
Calmar ratio: Return relative to maximum drawdown	0.96	2.99	-2.03
Martin ratio: Return relative to average drawdown	2.42	12.07	-9.65

CLPAX vs. GIDHX - Sharpe Ratio Comparison

The current CLPAX Sharpe Ratio is 0.80, which is lower than the GIDHX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of CLPAX and GIDHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CLPAX vs. GIDHX - Drawdown Comparison

The maximum CLPAX drawdown since its inception was -32.47%, smaller than the maximum GIDHX drawdown of -36.19%. Use the drawdown chart below to compare losses from any high point for CLPAX and GIDHX.

Drawdown Indicators

	CLPAX	GIDHX	Difference
Max Drawdown Largest peak-to-trough decline	-32.47%	-36.19%	+3.72%
Max Drawdown (1Y) Largest decline over 1 year	-12.87%	-8.14%	-4.73%
Max Drawdown (3Y) Largest decline over 3 years	-18.37%	-12.88%	-5.49%
Max Drawdown (5Y) Largest decline over 5 years	-32.47%	-28.46%	-4.01%
Max Drawdown (10Y) Largest decline over 10 years	-32.47%	-36.19%	+3.72%
Current Drawdown Current decline from peak	-8.58%	0.00%	-8.58%
Average Drawdown Average peak-to-trough decline	-8.04%	-8.11%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.09%	2.01%	+3.08%

Volatility

CLPAX vs. GIDHX - Volatility Comparison

Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) has a higher volatility of 4.33% compared to Goldman Sachs International Equity Dividend and Premium Fund (GIDHX) at 4.07%. This indicates that CLPAX's price experiences larger fluctuations and is considered to be riskier than GIDHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLPAX	GIDHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	4.07%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	11.61%	+0.51%
Volatility (1Y) Calculated over the trailing 1-year period	15.44%	13.70%	+1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.16%	14.86%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.55%	15.17%	-0.62%

CLPAX vs. GIDHX - Expense Ratio Comparison

CLPAX has a 1.74% expense ratio, which is higher than GIDHX's 0.89% expense ratio.

Dividends

CLPAX vs. GIDHX - Dividend Comparison

CLPAX's dividend yield for the trailing twelve months is around 8.46%, more than GIDHX's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund	8.46%	9.10%	0.00%	0.00%	2.68%	0.32%	0.49%	5.41%	0.30%	0.02%	0.00%	17.26%
GIDHX Goldman Sachs International Equity Dividend and Premium Fund	2.85%	2.58%	3.27%	3.56%	0.58%	3.09%	2.65%	3.24%	3.42%	2.54%	3.08%	4.13%

Frequently Asked Questions

Can I hold both CLPAX and GIDHX in my portfolio?

CLPAX and GIDHX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLPAX or GIDHX?

CLPAX has higher volatility (4.33%) compared to GIDHX (4.07%). In terms of maximum drawdown, CLPAX dropped -32.47% vs GIDHX's -36.19%.

Which has better risk-adjusted returns?

GIDHX currently has the higher Sharpe Ratio (1.78 vs 0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.