GHTMX vs. BGSAX
GHTMX (Goldman Sachs International Tax- Managed Equity Fund) and BGSAX (BlackRock Technology Opportunities Fund Investor A) are both mutual funds - GHTMX is a Foreign Large Cap Equities fund managed by BlackRock, while BGSAX is a Technology Equities fund managed by BlackRock. Over the past 10 years, GHTMX returned 10.51%/yr vs 25.45%/yr for BGSAX. A 0.69 correlation means they provide meaningful diversification when combined. GHTMX charges 0.90%/yr vs 1.20%/yr for BGSAX.
Performance
GHTMX vs. BGSAX - Performance Comparison
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Returns By Period
In the year-to-date period, GHTMX achieves a 13.06% return, which is significantly lower than BGSAX's 40.25% return. Over the past 10 years, GHTMX has underperformed BGSAX with an annualized return of 10.51%, while BGSAX has yielded a comparatively higher 25.45% annualized return.
GHTMX
- 1D
- 0.47%
- 1M
- 1.82%
- YTD
- 13.06%
- 6M
- 15.58%
- 1Y
- 29.67%
- 3Y*
- 22.88%
- 5Y*
- 11.65%
- 10Y*
- 10.51%
BGSAX
- 1D
- -2.00%
- 1M
- 11.03%
- YTD
- 40.25%
- 6M
- 37.20%
- 1Y
- 63.22%
- 3Y*
- 39.48%
- 5Y*
- 16.87%
- 10Y*
- 25.45%
GHTMX vs. BGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHTMX Goldman Sachs International Tax- Managed Equity Fund | 13.06% | 39.51% | 6.30% | 20.20% | -15.00% | 12.41% | 10.14% | 19.01% | -16.52% | 29.42% |
BGSAX BlackRock Technology Opportunities Fund Investor A | 40.25% | 19.63% | 40.56% | 49.09% | -43.13% | 8.19% | 86.27% | 43.84% | 2.03% | 49.45% |
Correlation
The correlation between GHTMX and BGSAX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2009 | 0.69 |
The correlation between GHTMX and BGSAX shifts across timeframes, from 0.58 (3 years) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GHTMX vs. BGSAX — Risk / Return Rank
GHTMX
BGSAX
GHTMX vs. BGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs International Tax- Managed Equity Fund (GHTMX) and BlackRock Technology Opportunities Fund Investor A (BGSAX). 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.
| GHTMX | BGSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.42 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 3.42 | -1.02 |
| Martin ratioReturn relative to average drawdown | 9.10 | 10.27 | -1.17 |
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
| GHTMX | BGSAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 2.55 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.61 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.99 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.45 | +0.05 |
Drawdowns
GHTMX vs. BGSAX - Drawdown Comparison
The maximum GHTMX drawdown since its inception was -38.64%, smaller than the maximum BGSAX drawdown of -73.75%. Use the drawdown chart below to compare losses from any high point for GHTMX and BGSAX.
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Drawdown Indicators
| GHTMX | BGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.64% | -73.75% | +35.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.41% | -18.49% | +6.08% |
Max Drawdown (3Y)Largest decline over 3 years | -13.60% | -27.75% | +14.15% |
Max Drawdown (5Y)Largest decline over 5 years | -29.93% | -49.22% | +19.29% |
Max Drawdown (10Y)Largest decline over 10 years | -38.64% | -49.22% | +10.58% |
Current DrawdownCurrent decline from peak | -0.31% | -2.59% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -26.36% | +18.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 6.15% | -2.89% |
Volatility
GHTMX vs. BGSAX - Volatility Comparison
The current volatility for Goldman Sachs International Tax- Managed Equity Fund (GHTMX) is 4.82%, while BlackRock Technology Opportunities Fund Investor A (BGSAX) has a volatility of 9.56%. This indicates that GHTMX experiences smaller price fluctuations and is considered to be less risky than BGSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHTMX | BGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 9.56% | -4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 20.41% | -7.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.37% | 24.84% | -9.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 27.76% | -11.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.55% | 25.88% | -9.33% |
GHTMX vs. BGSAX - Expense Ratio Comparison
GHTMX has a 0.90% expense ratio, which is lower than BGSAX's 1.20% expense ratio.
Dividends
GHTMX vs. BGSAX - Dividend Comparison
GHTMX's dividend yield for the trailing twelve months is around 1.93%, less than BGSAX's 9.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGSAX BlackRock Technology Opportunities Fund Investor A | 9.66% | 13.55% | 8.68% | 0.00% | 0.00% | 7.66% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% | 0.00% |
GHTMX Goldman Sachs International Tax- Managed Equity Fund | 1.93% | 2.18% | 2.18% | 2.33% | 3.56% | 3.00% | 1.44% | 1.95% | 1.65% | 1.86% | 1.85% | 1.47% |
Frequently Asked Questions
GHTMX and BGSAX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGSAX has higher volatility (9.56%) compared to GHTMX (4.82%). In terms of maximum drawdown, GHTMX dropped -38.64% vs BGSAX's -73.75%.
BGSAX currently has the higher Sharpe Ratio (2.55 vs 1.94), 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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