GCCIX vs. GCIIX

Last updated Jun 3, 2026

GCCIX (Goldman Sachs Commodity Strategy Fund) and GCIIX (Goldman Sachs International Equity Insights Fund) are both mutual funds - GCCIX is a Commodities fund managed by Goldman Sachs, while GCIIX is a Foreign Large Cap Equities fund managed by Goldman Sachs. Over the past 10 years, GCCIX returned 5.07%/yr vs 10.93%/yr for GCIIX. At a 0.36 correlation, their price movements are largely independent. GCCIX charges 0.59%/yr vs 0.80%/yr for GCIIX.

Performance

GCCIX vs. GCIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Commodity Strategy Fund (GCCIX) and Goldman Sachs International Equity Insights Fund (GCIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCCIX achieves a 18.82% return, which is significantly higher than GCIIX's 12.16% return. Over the past 10 years, GCCIX has underperformed GCIIX with an annualized return of 5.07%, while GCIIX has yielded a comparatively higher 10.93% annualized return.

GCCIX

• 1D: 0.82%
• 1M: -0.61%
• YTD: 18.82%
• 6M: 19.60%
• 1Y: 29.86%
• 3Y*: 14.47%
• 5Y*: 10.28%
• 10Y*: 5.07%

GCIIX

• 1D: 0.00%
• 1M: 4.35%
• YTD: 12.16%
• 6M: 15.54%
• 1Y: 29.18%
• 3Y*: 24.03%
• 5Y*: 12.02%
• 10Y*: 10.93%

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

GCCIX vs. GCIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GCCIX Goldman Sachs Commodity Strategy Fund	18.82%	15.45%	5.92%	-9.65%	15.70%	33.42%	-23.01%	16.75%	-14.89%	4.31%
GCIIX Goldman Sachs International Equity Insights Fund	12.16%	40.72%	9.65%	20.80%	-14.91%	11.71%	7.83%	18.52%	-15.82%	29.65%

Correlation

The correlation between GCCIX and GCIIX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Apr 3, 2007	0.36

Over the past year, the correlation between GCCIX and GCIIX has dropped to 0.04 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

Return for Risk

GCCIX vs. GCIIX — Risk / Return Rank

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

GCCIX

GCCIX Risk / Return Rank: 61
GCCIX Sharpe Ratio Rank: 60
GCCIX Sortino Ratio Rank: 48
GCCIX Omega Ratio Rank: 55
GCCIX Calmar Ratio Rank: 87
GCCIX Martin Ratio Rank: 56

GCIIX

GCIIX Risk / Return Rank: 46
GCIIX Sharpe Ratio Rank: 47
GCIIX Sortino Ratio Rank: 45
GCIIX Omega Ratio Rank: 45
GCIIX Calmar Ratio Rank: 45
GCIIX Martin Ratio Rank: 46

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.

GCCIX vs. GCIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Commodity Strategy Fund (GCCIX) and Goldman Sachs International Equity Insights Fund (GCIIX). 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.

	GCCIX	GCIIX	Difference
Sharpe ratio Return per unit of total volatility	2.29	2.03	+0.26
Sortino ratio Return per unit of downside risk	2.91	2.81	+0.11
Omega ratio Gain probability vs. loss probability	1.41	1.37	+0.05
Calmar ratio Return relative to maximum drawdown	4.17	2.60	+1.57
Martin ratio Return relative to average drawdown	11.31	9.75	+1.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GCCIX vs. GCIIX - Sharpe Ratio Comparison

The current GCCIX Sharpe Ratio is 2.29, which is comparable to the GCIIX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of GCCIX and GCIIX, 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

	GCCIX	GCIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.03	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.75	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.65	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	-0.15	0.31	-0.47

Drawdowns

GCCIX vs. GCIIX - Drawdown Comparison

The maximum GCCIX drawdown since its inception was -90.80%, which is greater than GCIIX's maximum drawdown of -61.08%. Use the drawdown chart below to compare losses from any high point for GCCIX and GCIIX.

Drawdown Indicators

	GCCIX	GCIIX	Difference
Max Drawdown Largest peak-to-trough decline	-90.80%	-61.08%	-29.72%
Max Drawdown (1Y) Largest decline over 1 year	-7.48%	-12.33%	+4.85%
Max Drawdown (3Y) Largest decline over 3 years	-11.89%	-13.25%	+1.36%
Max Drawdown (5Y) Largest decline over 5 years	-28.78%	-30.58%	+1.80%
Max Drawdown (10Y) Largest decline over 10 years	-57.76%	-39.85%	-17.91%
Current Drawdown Current decline from peak	-70.56%	-0.24%	-70.32%
Average Drawdown Average peak-to-trough decline	-69.43%	-15.05%	-54.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	3.29%	-0.53%

Volatility

GCCIX vs. GCIIX - Volatility Comparison

Goldman Sachs Commodity Strategy Fund (GCCIX) and Goldman Sachs International Equity Insights Fund (GCIIX) have volatilities of 4.95% and 4.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCCIX	GCIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	4.95%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	12.20%	12.74%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	14.40%	15.33%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.48%	16.11%	+2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.02%	16.80%	+3.22%

GCCIX vs. GCIIX - Expense Ratio Comparison

GCCIX has a 0.59% expense ratio, which is lower than GCIIX's 0.80% expense ratio.

Dividends

GCCIX vs. GCIIX - Dividend Comparison

GCCIX's dividend yield for the trailing twelve months is around 13.54%, more than GCIIX's 6.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GCCIX Goldman Sachs Commodity Strategy Fund	13.54%	16.09%	4.08%	4.20%	10.41%	16.46%	0.36%	10.81%	1.47%	5.88%	0.84%	0.36%
GCIIX Goldman Sachs International Equity Insights Fund	6.94%	7.78%	9.24%	2.81%	3.94%	6.33%	1.86%	2.46%	1.94%	1.62%	2.51%	1.45%

Frequently Asked Questions

Can I hold both GCCIX and GCIIX in my portfolio?

GCCIX and GCIIX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GCCIX or GCIIX?

GCIIX has higher volatility (4.95%) compared to GCCIX (4.95%). In terms of maximum drawdown, GCCIX dropped -90.80% vs GCIIX's -61.08%.

Which has better risk-adjusted returns?

GCCIX currently has the higher Sharpe Ratio (2.29 vs 2.03), 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.