GHTMX vs. SWRLX
GHTMX (Goldman Sachs International Tax- Managed Equity Fund) and SWRLX (Touchstone International Equity Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, GHTMX returned 10.60%/yr vs 10.76%/yr for SWRLX. Their correlation of 0.90 suggests significant overlap in exposure. GHTMX charges 0.90%/yr vs 1.37%/yr for SWRLX.
Performance
GHTMX vs. SWRLX - Performance Comparison
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Returns By Period
In the year-to-date period, GHTMX achieves a 13.30% return, which is significantly lower than SWRLX's 22.19% return. Both investments have delivered pretty close results over the past 10 years, with GHTMX having a 10.60% annualized return and SWRLX not far ahead at 10.76%.
GHTMX
- 1D
- 0.47%
- 1M
- 5.76%
- YTD
- 13.30%
- 6M
- 15.69%
- 1Y
- 30.21%
- 3Y*
- 22.89%
- 5Y*
- 11.95%
- 10Y*
- 10.60%
SWRLX
- 1D
- 0.66%
- 1M
- 7.62%
- YTD
- 22.19%
- 6M
- 26.89%
- 1Y
- 51.26%
- 3Y*
- 24.96%
- 5Y*
- 12.39%
- 10Y*
- 10.76%
GHTMX vs. SWRLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHTMX Goldman Sachs International Tax- Managed Equity Fund | 13.30% | 39.51% | 6.30% | 20.20% | -15.00% | 12.41% | 10.14% | 19.01% | -16.52% | 29.42% |
SWRLX Touchstone International Equity Fund | 22.19% | 53.78% | -1.53% | 17.63% | -11.02% | 3.86% | 7.47% | 25.87% | -16.81% | 27.24% |
Correlation
The correlation between GHTMX and SWRLX is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2009 | 0.90 |
The correlation between GHTMX and SWRLX has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
GHTMX vs. SWRLX — Risk / Return Rank
GHTMX
SWRLX
GHTMX vs. SWRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs International Tax- Managed Equity Fund (GHTMX) and Touchstone International Equity Fund (SWRLX). 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 | SWRLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.66 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 4.42 | -2.02 |
| Martin ratioReturn relative to average drawdown | 9.08 | 16.56 | -7.48 |
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 | SWRLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 3.57 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.72 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.64 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.41 | +0.09 |
Drawdowns
GHTMX vs. SWRLX - Drawdown Comparison
The maximum GHTMX drawdown since its inception was -38.64%, smaller than the maximum SWRLX drawdown of -59.44%. Use the drawdown chart below to compare losses from any high point for GHTMX and SWRLX.
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Drawdown Indicators
| GHTMX | SWRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.64% | -59.44% | +20.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.41% | -11.49% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -13.60% | -14.08% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -29.93% | -34.19% | +4.26% |
Max Drawdown (10Y)Largest decline over 10 years | -38.64% | -35.95% | -2.69% |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -11.63% | +4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 3.06% | +0.20% |
Volatility
GHTMX vs. SWRLX - Volatility Comparison
Goldman Sachs International Tax- Managed Equity Fund (GHTMX) has a higher volatility of 5.02% compared to Touchstone International Equity Fund (SWRLX) at 4.71%. This indicates that GHTMX's price experiences larger fluctuations and is considered to be riskier than SWRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHTMX | SWRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 4.71% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.86% | 11.75% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 14.25% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.10% | 17.38% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.55% | 16.85% | -0.30% |
GHTMX vs. SWRLX - Expense Ratio Comparison
GHTMX has a 0.90% expense ratio, which is lower than SWRLX's 1.37% expense ratio.
Dividends
GHTMX vs. SWRLX - Dividend Comparison
GHTMX's dividend yield for the trailing twelve months is around 1.92%, less than SWRLX's 6.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHTMX Goldman Sachs International Tax- Managed Equity Fund | 1.92% | 2.18% | 2.18% | 2.33% | 3.56% | 3.00% | 1.44% | 1.95% | 1.65% | 1.86% | 1.85% | 1.47% |
SWRLX Touchstone International Equity Fund | 6.25% | 7.63% | 10.53% | 1.36% | 1.56% | 14.95% | 0.46% | 9.10% | 15.19% | 3.61% | 0.66% | 3.76% |
Frequently Asked Questions
GHTMX and SWRLX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GHTMX has higher volatility (5.02%) compared to SWRLX (4.71%). In terms of maximum drawdown, GHTMX dropped -38.64% vs SWRLX's -59.44%.
SWRLX currently has the higher Sharpe Ratio (3.57 vs 1.93), 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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