GCIIX vs. GIMDX

Last updated Jun 24, 2026

GCIIX (Goldman Sachs International Equity Insights Fund) and GIMDX (Goldman Sachs Local Emerging Markets Debt Fund) are both mutual funds - GCIIX is a Foreign Large Cap Equities fund managed by Goldman Sachs, while GIMDX is a Emerging Markets Bonds fund managed by Goldman Sachs. Over the past 10 years, GCIIX returned 11.97%/yr vs 2.74%/yr for GIMDX. A 0.57 correlation means they provide meaningful diversification when combined. GCIIX charges 0.80%/yr vs 0.92%/yr for GIMDX.

Performance

GCIIX vs. GIMDX - Performance Comparison

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

Returns By Period

In the year-to-date period, GCIIX achieves a 14.14% return, which is significantly higher than GIMDX's 1.82% return. Over the past 10 years, GCIIX has outperformed GIMDX with an annualized return of 11.97%, while GIMDX has yielded a comparatively lower 2.74% annualized return.

GCIIX

• 1D: 0.19%
• 1M: 3.44%
• YTD: 14.14%
• 6M: 13.52%
• 1Y: 33.74%
• 3Y*: 24.44%
• 5Y*: 12.89%
• 10Y*: 11.97%

GIMDX

• 1D: 0.00%
• 1M: 1.06%
• YTD: 1.82%
• 6M: 2.41%
• 1Y: 8.26%
• 3Y*: 6.47%
• 5Y*: 2.54%
• 10Y*: 2.74%

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

GCIIX vs. GIMDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GCIIX Goldman Sachs International Equity Insights Fund	14.14%	40.72%	9.65%	20.80%	-14.91%	11.71%	7.83%	18.52%	-15.82%	29.65%
GIMDX Goldman Sachs Local Emerging Markets Debt Fund	1.82%	10.32%	6.69%	7.75%	-9.25%	-8.00%	3.88%	12.95%	-10.15%	16.75%

Correlation

The correlation between GCIIX and GIMDX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009	0.57

Over the past year, the correlation between GCIIX and GIMDX has dropped to 0.30 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

Return for Risk

GCIIX vs. GIMDX — Risk / Return Rank

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

GCIIX

GCIIX Risk / Return Rank: 61
GCIIX Sharpe Ratio Rank: 68
GCIIX Sortino Ratio Rank: 62
GCIIX Omega Ratio Rank: 62
GCIIX Calmar Ratio Rank: 59
GCIIX Martin Ratio Rank: 55

GIMDX

GIMDX Risk / Return Rank: 81
GIMDX Sharpe Ratio Rank: 85
GIMDX Sortino Ratio Rank: 95
GIMDX Omega Ratio Rank: 96
GIMDX Calmar Ratio Rank: 60
GIMDX Martin Ratio Rank: 67

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.

GCIIX vs. GIMDX - 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 Local Emerging Markets Debt Fund (GIMDX). 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.

	GCIIX	GIMDX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.54	-0.34
Sortino ratio: Return per unit of downside risk	3.02	4.65	-1.64
Omega ratio: Gain probability vs. loss probability	1.40	1.79	-0.39
Calmar ratio: Return relative to maximum drawdown	2.82	2.85	-0.03
Martin ratio: Return relative to average drawdown	10.54	12.26	-1.72

GCIIX vs. GIMDX - Sharpe Ratio Comparison

The current GCIIX Sharpe Ratio is 2.21, which is comparable to the GIMDX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of GCIIX and GIMDX, 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

GCIIX vs. GIMDX - Drawdown Comparison

The maximum GCIIX drawdown since its inception was -61.08%, which is greater than GIMDX's maximum drawdown of -36.65%. Use the drawdown chart below to compare losses from any high point for GCIIX and GIMDX.

Drawdown Indicators

	GCIIX	GIMDX	Difference
Max Drawdown Largest peak-to-trough decline	-61.08%	-36.65%	-24.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.33%	-2.93%	-9.40%
Max Drawdown (3Y) Largest decline over 3 years	-13.25%	-13.22%	-0.03%
Max Drawdown (5Y) Largest decline over 5 years	-30.58%	-23.43%	-7.15%
Max Drawdown (10Y) Largest decline over 10 years	-39.85%	-27.00%	-12.85%
Current Drawdown Current decline from peak	0.00%	-3.56%	+3.56%
Average Drawdown Average peak-to-trough decline	-15.02%	-14.61%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	0.68%	+2.61%

Volatility

GCIIX vs. GIMDX - Volatility Comparison

Goldman Sachs International Equity Insights Fund (GCIIX) has a higher volatility of 5.19% compared to Goldman Sachs Local Emerging Markets Debt Fund (GIMDX) at 0.98%. This indicates that GCIIX's price experiences larger fluctuations and is considered to be riskier than GIMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCIIX	GIMDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	0.98%	+4.21%
Volatility (6M) Calculated over the trailing 6-month period	13.40%	2.61%	+10.79%
Volatility (1Y) Calculated over the trailing 1-year period	15.80%	3.28%	+12.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.19%	11.41%	+4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	11.04%	+5.74%

GCIIX vs. GIMDX - Expense Ratio Comparison

GCIIX has a 0.80% expense ratio, which is lower than GIMDX's 0.92% expense ratio.

Dividends

GCIIX vs. GIMDX - Dividend Comparison

GCIIX's dividend yield for the trailing twelve months is around 6.82%, more than GIMDX's 6.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GCIIX Goldman Sachs International Equity Insights Fund	6.82%	7.78%	9.24%	2.81%	3.94%	6.33%	1.86%	2.46%	1.94%	1.62%	2.51%	1.45%
GIMDX Goldman Sachs Local Emerging Markets Debt Fund	6.70%	6.73%	6.25%	20.28%	9.59%	4.30%	3.50%	4.30%	5.83%	5.80%	6.14%	6.46%

Frequently Asked Questions

Can I hold both GCIIX and GIMDX in my portfolio?

GCIIX and GIMDX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GCIIX or GIMDX?

GCIIX has higher volatility (5.19%) compared to GIMDX (0.98%). In terms of maximum drawdown, GCIIX dropped -61.08% vs GIMDX's -36.65%.

Which has better risk-adjusted returns?

GIMDX currently has the higher Sharpe Ratio (2.54 vs 2.21), 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.