GCIIX vs. GICIX
GCIIX (Goldman Sachs International Equity Insights Fund) and GICIX (Goldman Sachs International Small Cap Insights Fund) are both mutual funds - GCIIX is a Foreign Large Cap Equities fund managed by Goldman Sachs, while GICIX is a Foreign Small & Mid Cap Equities fund managed by Goldman Sachs. Over the past 10 years, GCIIX returned 10.97%/yr vs 9.94%/yr for GICIX. Their correlation of 0.94 suggests significant overlap in exposure. GCIIX charges 0.80%/yr vs 0.87%/yr for GICIX.
Performance
GCIIX vs. GICIX - Performance Comparison
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Returns By Period
In the year-to-date period, GCIIX achieves a 12.60% return, which is significantly lower than GICIX's 14.40% return. Over the past 10 years, GCIIX has outperformed GICIX with an annualized return of 10.97%, while GICIX has yielded a comparatively lower 9.94% annualized return.
GCIIX
- 1D
- 0.39%
- 1M
- 6.07%
- YTD
- 12.60%
- 6M
- 15.21%
- 1Y
- 30.53%
- 3Y*
- 24.19%
- 5Y*
- 12.23%
- 10Y*
- 10.97%
GICIX
- 1D
- -0.16%
- 1M
- 4.64%
- YTD
- 14.40%
- 6M
- 17.91%
- 1Y
- 34.09%
- 3Y*
- 23.39%
- 5Y*
- 9.70%
- 10Y*
- 9.94%
GCIIX vs. GICIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCIIX Goldman Sachs International Equity Insights Fund | 12.60% | 40.72% | 9.65% | 20.80% | -14.91% | 11.71% | 7.83% | 18.52% | -15.82% | 29.65% |
GICIX Goldman Sachs International Small Cap Insights Fund | 14.40% | 42.83% | 5.57% | 15.11% | -18.53% | 13.03% | 7.69% | 21.59% | -18.80% | 33.05% |
Correlation
The correlation between GCIIX and GICIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2008 | 0.94 |
The correlation between GCIIX and GICIX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
GCIIX vs. GICIX — Risk / Return Rank
GCIIX
GICIX
GCIIX vs. GICIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs International Equity Insights Fund (GCIIX) and Goldman Sachs International Small Cap Insights Fund (GICIX). 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.
| GCIIX | GICIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.50 | -0.07 |
| Martin ratioReturn relative to average drawdown | 9.08 | 9.35 | -0.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GCIIX | GICIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 2.20 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.59 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.59 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.41 | -0.09 |
Drawdowns
GCIIX vs. GICIX - Drawdown Comparison
The maximum GCIIX drawdown since its inception was -61.08%, which is greater than GICIX's maximum drawdown of -56.71%. Use the drawdown chart below to compare losses from any high point for GCIIX and GICIX.
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Drawdown Indicators
| GCIIX | GICIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.08% | -56.71% | -4.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.33% | -13.39% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -13.25% | -13.39% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -30.58% | -34.53% | +3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -39.85% | -43.84% | +3.99% |
Current DrawdownCurrent decline from peak | 0.00% | -1.02% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -15.04% | -10.93% | -4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 3.56% | -0.27% |
Volatility
GCIIX vs. GICIX - Volatility Comparison
Goldman Sachs International Equity Insights Fund (GCIIX) has a higher volatility of 4.87% compared to Goldman Sachs International Small Cap Insights Fund (GICIX) at 4.40%. This indicates that GCIIX's price experiences larger fluctuations and is considered to be riskier than GICIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCIIX | GICIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 4.40% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 12.68% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 15.28% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 16.54% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.79% | 16.80% | -0.01% |
GCIIX vs. GICIX - Expense Ratio Comparison
GCIIX has a 0.80% expense ratio, which is lower than GICIX's 0.87% expense ratio.
Dividends
GCIIX vs. GICIX - Dividend Comparison
GCIIX's dividend yield for the trailing twelve months is around 6.91%, less than GICIX's 7.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCIIX Goldman Sachs International Equity Insights Fund | 6.91% | 7.78% | 9.24% | 2.81% | 3.94% | 6.33% | 1.86% | 2.46% | 1.94% | 1.62% | 2.51% | 1.45% |
GICIX Goldman Sachs International Small Cap Insights Fund | 7.07% | 8.08% | 4.77% | 3.04% | 3.10% | 3.39% | 1.87% | 3.47% | 1.68% | 8.29% | 2.79% | 1.69% |
Frequently Asked Questions
With a correlation of 0.92, GCIIX and GICIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GCIIX has higher volatility (4.87%) compared to GICIX (4.40%). In terms of maximum drawdown, GCIIX dropped -61.08% vs GICIX's -56.71%.
GICIX currently has the higher Sharpe Ratio (2.20 vs 1.96), 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.
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