GFRIX vs. GSIMX

Last updated Jun 23, 2026

GFRIX (Goldman Sachs High Yield Floating Rate Fund) and GSIMX (Goldman Sachs GQG Partners International Opportunities Fund) are both mutual funds - GFRIX is a Bank Loan fund managed by Goldman Sachs, while GSIMX is a Foreign Large Cap Equities fund managed by Goldman Sachs. Over the past 5 years, GFRIX returned 4.19%/yr vs 8.73%/yr for GSIMX. At a 0.24 correlation, their price movements are largely independent. GFRIX charges 0.75%/yr vs 0.76%/yr for GSIMX.

Performance

GFRIX vs. GSIMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs High Yield Floating Rate Fund (GFRIX) 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, GFRIX achieves a 0.93% return, which is significantly lower than GSIMX's 3.43% return.

GFRIX

• 1D: 0.00%
• 1M: 0.22%
• YTD: 0.93%
• 6M: 1.40%
• 1Y: 3.90%
• 3Y*: 6.28%
• 5Y*: 4.19%
• 10Y*: 4.29%

GSIMX

• 1D: -0.94%
• 1M: -4.79%
• YTD: 3.43%
• 6M: 4.22%
• 1Y: 10.23%
• 3Y*: 14.66%
• 5Y*: 8.73%
• 10Y*: —

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

GFRIX vs. GSIMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GFRIX Goldman Sachs High Yield Floating Rate Fund	0.93%	4.07%	7.44%	10.49%	-3.02%	4.36%	2.52%	11.06%	-1.32%	3.43%
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	3.43%	20.85%	9.66%	22.10%	-11.06%	12.50%	15.77%	27.64%	-6.04%	29.92%

Correlation

The correlation between GFRIX and GSIMX is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.24

The correlation between GFRIX and GSIMX shifts across timeframes, from 0.07 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GFRIX vs. GSIMX — Risk / Return Rank

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

GFRIX

GFRIX Risk / Return Rank: 55
GFRIX Sharpe Ratio Rank: 34
GFRIX Sortino Ratio Rank: 76
GFRIX Omega Ratio Rank: 77
GFRIX Calmar Ratio Rank: 45
GFRIX Martin Ratio Rank: 41

GSIMX

GSIMX Risk / Return Rank: 15
GSIMX Sharpe Ratio Rank: 15
GSIMX Sortino Ratio Rank: 14
GSIMX Omega Ratio Rank: 15
GSIMX Calmar Ratio Rank: 15
GSIMX Martin Ratio Rank: 16

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.

GFRIX vs. GSIMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs High Yield Floating Rate Fund (GFRIX) 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.

	GFRIX	GSIMX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.02	+0.55
Sortino ratio: Return per unit of downside risk	3.32	1.43	+1.89
Omega ratio: Gain probability vs. loss probability	1.46	1.19	+0.27
Calmar ratio: Return relative to maximum drawdown	2.43	1.29	+1.14
Martin ratio: Return relative to average drawdown	8.43	4.01	+4.43

GFRIX vs. GSIMX - Sharpe Ratio Comparison

The current GFRIX Sharpe Ratio is 1.57, which is higher than the GSIMX Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of GFRIX 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

GFRIX vs. GSIMX - Drawdown Comparison

The maximum GFRIX drawdown since its inception was -23.14%, smaller than the maximum GSIMX drawdown of -28.84%. Use the drawdown chart below to compare losses from any high point for GFRIX and GSIMX.

Drawdown Indicators

	GFRIX	GSIMX	Difference
Max Drawdown Largest peak-to-trough decline	-23.14%	-28.84%	+5.70%
Max Drawdown (1Y) Largest decline over 1 year	-1.62%	-7.81%	+6.19%
Max Drawdown (3Y) Largest decline over 3 years	-3.42%	-10.32%	+6.90%
Max Drawdown (5Y) Largest decline over 5 years	-6.70%	-25.37%	+18.67%
Max Drawdown (10Y) Largest decline over 10 years	-23.14%	—	—
Current Drawdown Current decline from peak	-0.35%	-6.44%	+6.09%
Average Drawdown Average peak-to-trough decline	-0.90%	-4.81%	+3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.46%	2.50%	-2.04%

Volatility

GFRIX vs. GSIMX - Volatility Comparison

The current volatility for Goldman Sachs High Yield Floating Rate Fund (GFRIX) is 0.67%, while Goldman Sachs GQG Partners International Opportunities Fund (GSIMX) has a volatility of 2.79%. This indicates that GFRIX experiences smaller price fluctuations and is considered to be less risky than GSIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFRIX	GSIMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	2.79%	-2.12%
Volatility (6M) Calculated over the trailing 6-month period	1.78%	8.25%	-6.47%
Volatility (1Y) Calculated over the trailing 1-year period	2.50%	9.88%	-7.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.86%	14.37%	-11.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.19%	15.68%	-11.49%

GFRIX vs. GSIMX - Expense Ratio Comparison

GFRIX has a 0.75% expense ratio, which is lower than GSIMX's 0.76% expense ratio.

Dividends

GFRIX vs. GSIMX - Dividend Comparison

GFRIX's dividend yield for the trailing twelve months is around 7.09%, more than GSIMX's 4.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GFRIX Goldman Sachs High Yield Floating Rate Fund	7.09%	7.15%	7.63%	7.13%	4.79%	3.41%	4.19%	6.77%	4.73%	4.00%	4.18%	4.12%
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	4.95%	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 GFRIX and GSIMX in my portfolio?

GFRIX and GSIMX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GFRIX or GSIMX?

GSIMX has higher volatility (2.79%) compared to GFRIX (0.67%). In terms of maximum drawdown, GFRIX dropped -23.14% vs GSIMX's -28.84%.

Which has better risk-adjusted returns?

GFRIX currently has the higher Sharpe Ratio (1.57 vs 1.02), 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.