DBEF vs. GSIMX

Last updated Jun 4, 2026

DBEF (Xtrackers MSCI EAFE Hedged Equity ETF) and GSIMX (Goldman Sachs GQG Partners International Opportunities Fund) are both funds - DBEF is a Hedge Fund fund tracking the MSCI EAFE US Dollar Hedged Index, while GSIMX is a Foreign Large Cap Equities fund managed by Goldman Sachs. Over the past 5 years, DBEF returned 13.11%/yr vs 9.05%/yr for GSIMX. A 0.75 correlation means they provide meaningful diversification when combined. DBEF charges 0.36%/yr vs 0.76%/yr for GSIMX.

Performance

DBEF vs. GSIMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and Goldman Sachs GQG Partners International Opportunities Fund (GSIMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBEF achieves a 10.25% return, which is significantly higher than GSIMX's 6.45% return.

DBEF

• 1D: -0.47%
• 1M: 4.76%
• YTD: 10.25%
• 6M: 12.54%
• 1Y: 24.51%
• 3Y*: 17.72%
• 5Y*: 13.11%
• 10Y*: 12.12%

GSIMX

• 1D: 0.04%
• 1M: -0.54%
• YTD: 6.45%
• 6M: 8.00%
• 1Y: 12.69%
• 3Y*: 17.16%
• 5Y*: 9.05%
• 10Y*: —

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

DBEF vs. GSIMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	10.25%	23.16%	13.40%	20.15%	-5.13%	19.60%	2.03%	24.94%	-9.52%	14.86%
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	6.45%	20.85%	9.66%	22.10%	-11.06%	12.50%	15.77%	27.64%	-6.04%	29.92%

Correlation

The correlation between DBEF and GSIMX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.75

The correlation between DBEF and GSIMX shifts across timeframes, from 0.58 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DBEF vs. GSIMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBEF

DBEF Risk / Return Rank: 57
DBEF Sharpe Ratio Rank: 57
DBEF Sortino Ratio Rank: 58
DBEF Omega Ratio Rank: 59
DBEF Calmar Ratio Rank: 52
DBEF Martin Ratio Rank: 60

GSIMX

GSIMX Risk / Return Rank: 19
GSIMX Sharpe Ratio Rank: 19
GSIMX Sortino Ratio Rank: 18
GSIMX Omega Ratio Rank: 20
GSIMX Calmar Ratio Rank: 18
GSIMX Martin Ratio Rank: 19

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.

DBEF vs. GSIMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and Goldman Sachs GQG Partners International Opportunities Fund (GSIMX). 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.

	DBEF	GSIMX	Difference
Sharpe ratio: Return per unit of total volatility	1.99	1.27	+0.72
Sortino ratio: Return per unit of downside risk	2.80	1.78	+1.02
Omega ratio: Gain probability vs. loss probability	1.37	1.23	+0.14
Calmar ratio: Return relative to maximum drawdown	2.62	1.56	+1.05
Martin ratio: Return relative to average drawdown	11.01	5.22	+5.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBEF vs. GSIMX - Sharpe Ratio Comparison

The current DBEF Sharpe Ratio is 1.99, which is higher than the GSIMX Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of DBEF and GSIMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DBEF	GSIMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	1.27	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	0.63	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.82	-0.27

Drawdowns

DBEF vs. GSIMX - Drawdown Comparison

The maximum DBEF drawdown since its inception was -32.46%, which is greater than GSIMX's maximum drawdown of -28.84%. Use the drawdown chart below to compare losses from any high point for DBEF and GSIMX.

Drawdown Indicators

	DBEF	GSIMX	Difference
Max Drawdown Largest peak-to-trough decline	-32.46%	-28.84%	-3.62%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-7.81%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	-14.62%	-10.32%	-4.30%
Max Drawdown (5Y) Largest decline over 5 years	-14.95%	-25.37%	+10.42%
Max Drawdown (10Y) Largest decline over 10 years	-32.46%	—	—
Current Drawdown Current decline from peak	-0.47%	-3.70%	+3.23%
Average Drawdown Average peak-to-trough decline	-4.74%	-4.82%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	2.33%	-0.10%

Volatility

DBEF vs. GSIMX - Volatility Comparison

Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) has a higher volatility of 3.99% compared to Goldman Sachs GQG Partners International Opportunities Fund (GSIMX) at 2.77%. This indicates that DBEF's price experiences larger fluctuations and is considered to be riskier than GSIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBEF	GSIMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	2.77%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	7.89%	+2.25%
Volatility (1Y) Calculated over the trailing 1-year period	12.37%	9.66%	+2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.74%	14.36%	-0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	15.69%	+0.10%

DBEF vs. GSIMX - Expense Ratio Comparison

DBEF has a 0.36% expense ratio, which is lower than GSIMX's 0.76% expense ratio.

Dividends

DBEF vs. GSIMX - Dividend Comparison

DBEF's dividend yield for the trailing twelve months is around 5.03%, more than GSIMX's 4.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	5.03%	5.55%	1.29%	4.46%	15.85%	2.28%	2.41%	3.03%	3.22%	2.98%	2.55%	3.70%
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	4.81%	5.12%	11.18%	2.36%	4.89%	2.23%	0.18%	0.65%	0.53%	0.16%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DBEF and GSIMX in my portfolio?

DBEF and GSIMX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBEF or GSIMX?

DBEF has higher volatility (3.99%) compared to GSIMX (2.77%). In terms of maximum drawdown, DBEF dropped -32.46% vs GSIMX's -28.84%.

Which has better risk-adjusted returns?

DBEF currently has the higher Sharpe Ratio (1.99 vs 1.27), 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.