EPASX vs. GSIYX

Last updated Aug 1, 2026

EPASX (EP Emerging Markets Small Companies Fund) and GSIYX (Goldman Sachs GQG Partners International Opportunities Fund Class R6) are both mutual funds - EPASX is a Emerging Markets Equities fund managed by Euro Pacific, while GSIYX is a Foreign Large Cap Equities fund tracking the MSCI AC World ex USA Growth (Net). Over the past 5 years, EPASX returned -0.97%/yr vs 9.23%/yr for GSIYX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. EPASX charges 1.75%/yr vs 0.75%/yr for GSIYX.

Performance

EPASX vs. GSIYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EP Emerging Markets Small Companies Fund (EPASX) and Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPASX achieves a 2.82% return, which is significantly lower than GSIYX's 8.15% return.

EPASX

• 1D: 2.82%
• 1M: 2.29%
• 6M: -2.43%
• YTD: 2.82%
• 1Y: 13.69%
• 3Y*: 8.28%
• 5Y*: -0.97%
• 10Y*: 4.87%
• ALL TIME*: 4.38%

GSIYX

• 1D: 0.62%
• 1M: 2.02%
• 6M: 4.43%
• YTD: 8.15%
• 1Y: 15.65%
• 3Y*: 15.48%
• 5Y*: 9.23%
• 10Y*: —
• ALL TIME*: 12.79%

*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)
EPASX EP Emerging Markets Small Companies Fund	$0.00	$0.00	$0.00
GSIYX Goldman Sachs GQG Partners International Opportunities Fund Class R6	$0.00	$0.00	$0.00

EPASX vs. GSIYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPASX EP Emerging Markets Small Companies Fund	2.82%	25.43%	0.64%	7.15%	-28.73%	9.75%	27.20%	14.82%	-21.57%	34.40%
GSIYX Goldman Sachs GQG Partners International Opportunities Fund Class R6	8.15%	20.89%	9.69%	22.07%	-10.99%	12.47%	15.86%	27.59%	-6.02%	29.91%

Correlation

The correlation between EPASX and GSIYX is 0.34, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.34
Correlation (3Y) Balances recent behavior with more history.	0.47
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.61

Over the past year, the correlation between EPASX and GSIYX has dropped to 0.34 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

Return for Risk

EPASX vs. GSIYX — Risk / Return Rank

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

EPASX

EPASX Risk / Return Rank: 22
EPASX Sharpe Ratio Rank: 23
EPASX Sortino Ratio Rank: 22
EPASX Omega Ratio Rank: 24
EPASX Calmar Ratio Rank: 25
EPASX Martin Ratio Rank: 18

GSIYX

GSIYX Risk / Return Rank: 56
GSIYX Sharpe Ratio Rank: 64
GSIYX Sortino Ratio Rank: 60
GSIYX Omega Ratio Rank: 65
GSIYX Calmar Ratio Rank: 54
GSIYX Martin Ratio Rank: 36

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.

EPASX vs. GSIYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EP Emerging Markets Small Companies Fund (EPASX) and Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX). 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.

	EPASX	GSIYX	Difference
Sharpe ratio: Return per unit of total volatility	0.82	1.60	-0.78
Sortino ratio: Return per unit of downside risk	1.21	2.20	-0.99
Omega ratio: Gain probability vs. loss probability	1.16	1.29	-0.14
Calmar ratio: Return relative to maximum drawdown	1.17	2.01	-0.84
Martin ratio: Return relative to average drawdown	2.63	5.51	-2.87

EPASX vs. GSIYX - Sharpe Ratio Comparison

The current EPASX Sharpe Ratio is 0.82, which is lower than the GSIYX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of EPASX and GSIYX, 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

EPASX vs. GSIYX - Drawdown Comparison

The maximum EPASX drawdown since its inception was -41.54%, which is greater than GSIYX's maximum drawdown of -28.79%. Use the drawdown chart below to compare losses from any high point for EPASX and GSIYX.

Drawdown Indicators

	EPASX	GSIYX	Difference
Max Drawdown Largest peak-to-trough decline	-41.54%	-28.79%	-12.75%
Max Drawdown (1Y) Largest decline over 1 year	-10.32%	-7.81%	-2.51%
Max Drawdown (3Y) Largest decline over 3 years	-17.18%	-10.30%	-6.88%
Max Drawdown (5Y) Largest decline over 5 years	-38.99%	-25.36%	-13.63%
Max Drawdown (10Y) Largest decline over 10 years	-41.54%	—	—
Current Drawdown Current decline from peak	-7.55%	-2.17%	-5.38%
Average Drawdown Average peak-to-trough decline	-15.57%	-4.80%	-10.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.58%	2.85%	+1.73%

Volatility

EPASX vs. GSIYX - Volatility Comparison

EP Emerging Markets Small Companies Fund (EPASX) has a higher volatility of 4.94% compared to Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) at 2.75%. This indicates that EPASX's price experiences larger fluctuations and is considered to be riskier than GSIYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPASX	GSIYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	2.75%	+2.19%
Volatility (6M) Calculated over the trailing 6-month period	12.84%	8.20%	+4.64%
Volatility (1Y) Calculated over the trailing 1-year period	14.78%	9.88%	+4.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.87%	14.27%	+0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.30%	15.62%	-0.32%

EPASX vs. GSIYX - Expense Ratio Comparison

EPASX has a 1.75% expense ratio, which is higher than GSIYX's 0.75% expense ratio.

Dividends

EPASX vs. GSIYX - Dividend Comparison

EPASX's dividend yield for the trailing twelve months is around 1.90%, less than GSIYX's 4.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPASX EP Emerging Markets Small Companies Fund	1.90%	1.95%	2.00%	1.20%	0.50%	21.67%	0.54%	0.27%	11.18%	4.20%	1.50%	1.30%
GSIYX Goldman Sachs GQG Partners International Opportunities Fund Class R6	4.76%	5.14%	11.21%	2.38%	4.91%	2.25%	0.19%	0.67%	0.55%	0.16%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EPASX and GSIYX in my portfolio?

EPASX and GSIYX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPASX or GSIYX?

EPASX has higher volatility (4.94%) compared to GSIYX (2.75%). In terms of maximum drawdown, EPASX dropped -41.54% vs GSIYX's -28.79%.

Which has better risk-adjusted returns?

GSIYX currently has the higher Sharpe Ratio (1.60 vs 0.82), 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.