FOSFX vs. GSIMX

Last updated Aug 1, 2026

FOSFX (Fidelity Overseas Fund) and GSIMX (Goldman Sachs GQG Partners International Opportunities Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, FOSFX returned 4.87%/yr vs 9.21%/yr for GSIMX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. FOSFX charges 0.99%/yr vs 0.76%/yr for GSIMX.

Performance

FOSFX vs. GSIMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Overseas Fund (FOSFX) 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, FOSFX achieves a 5.59% return, which is significantly lower than GSIMX's 8.14% return.

FOSFX

• 1D: 3.75%
• 1M: -1.54%
• 6M: 2.09%
• YTD: 5.59%
• 1Y: 10.21%
• 3Y*: 11.67%
• 5Y*: 4.87%
• 10Y*: 8.72%
• ALL TIME*: 8.59%

GSIMX

• 1D: 0.62%
• 1M: 2.06%
• 6M: 4.43%
• YTD: 8.14%
• 1Y: 15.67%
• 3Y*: 15.47%
• 5Y*: 9.21%
• 10Y*: —
• ALL TIME*: 12.77%

*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)
FOSFX Fidelity Overseas Fund	$0.00	$0.00	$0.00
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	$0.00	$0.00	$0.00

FOSFX vs. GSIMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FOSFX Fidelity Overseas Fund	5.59%	20.81%	5.20%	20.56%	-24.79%	19.32%	15.42%	28.43%	-14.73%	28.31%
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	8.14%	20.85%	9.66%	22.10%	-11.06%	12.50%	15.77%	27.64%	-6.04%	29.92%

Correlation

The correlation between FOSFX and GSIMX is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.80

Over the past year, the correlation between FOSFX and GSIMX has dropped to 0.46 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

FOSFX vs. GSIMX — Risk / Return Rank

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

FOSFX

FOSFX Risk / Return Rank: 14
FOSFX Sharpe Ratio Rank: 12
FOSFX Sortino Ratio Rank: 13
FOSFX Omega Ratio Rank: 13
FOSFX Calmar Ratio Rank: 14
FOSFX Martin Ratio Rank: 17

GSIMX

GSIMX Risk / Return Rank: 61
GSIMX Sharpe Ratio Rank: 70
GSIMX Sortino Ratio Rank: 66
GSIMX Omega Ratio Rank: 69
GSIMX Calmar Ratio Rank: 61
GSIMX Martin Ratio Rank: 39

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.

FOSFX vs. GSIMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Overseas Fund (FOSFX) 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.

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.

	FOSFX	GSIMX	Difference
Sharpe ratio: Return per unit of total volatility	0.45	1.60	-1.15
Sortino ratio: Return per unit of downside risk	0.77	2.21	-1.43
Omega ratio: Gain probability vs. loss probability	1.09	1.30	-0.20
Calmar ratio: Return relative to maximum drawdown	0.68	2.02	-1.34
Martin ratio: Return relative to average drawdown	2.28	5.51	-3.23

FOSFX vs. GSIMX - Sharpe Ratio Comparison

The current FOSFX Sharpe Ratio is 0.45, which is lower than the GSIMX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of FOSFX 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.

Drawdowns

FOSFX vs. GSIMX - Drawdown Comparison

The maximum FOSFX drawdown since its inception was -63.51%, which is greater than GSIMX's maximum drawdown of -28.84%. Use the drawdown chart below to compare losses from any high point for FOSFX and GSIMX.

Drawdown Indicators

	FOSFX	GSIMX	Difference
Max Drawdown Largest peak-to-trough decline	-63.51%	-28.84%	-34.67%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	-7.81%	-4.55%
Max Drawdown (3Y) Largest decline over 3 years	-13.91%	-10.32%	-3.59%
Max Drawdown (5Y) Largest decline over 5 years	-36.51%	-25.37%	-11.14%
Max Drawdown (10Y) Largest decline over 10 years	-36.51%	—	—
Current Drawdown Current decline from peak	-3.60%	-2.17%	-1.43%
Average Drawdown Average peak-to-trough decline	-16.91%	-4.80%	-12.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	2.85%	+0.81%

Volatility

FOSFX vs. GSIMX - Volatility Comparison

Fidelity Overseas Fund (FOSFX) has a higher volatility of 6.22% compared to Goldman Sachs GQG Partners International Opportunities Fund (GSIMX) at 2.73%. This indicates that FOSFX'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

	FOSFX	GSIMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.22%	2.73%	+3.49%
Volatility (6M) Calculated over the trailing 6-month period	16.56%	8.18%	+8.38%
Volatility (1Y) Calculated over the trailing 1-year period	18.56%	9.85%	+8.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.11%	14.25%	+3.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.09%	15.61%	+1.48%

FOSFX vs. GSIMX - Expense Ratio Comparison

FOSFX has a 0.99% expense ratio, which is higher than GSIMX's 0.76% expense ratio.

Dividends

FOSFX vs. GSIMX - Dividend Comparison

FOSFX's dividend yield for the trailing twelve months is around 4.61%, less than GSIMX's 4.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOSFX Fidelity Overseas Fund	4.61%	4.87%	1.38%	1.02%	0.77%	4.54%	0.53%	1.35%	5.92%	0.06%	1.96%	1.06%
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	4.73%	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 FOSFX and GSIMX in my portfolio?

FOSFX and GSIMX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FOSFX or GSIMX?

FOSFX has higher volatility (6.22%) compared to GSIMX (2.73%). In terms of maximum drawdown, FOSFX dropped -63.51% vs GSIMX's -28.84%.

Which has better risk-adjusted returns?

GSIMX currently has the higher Sharpe Ratio (1.60 vs 0.45), 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.