GICIX vs. SCZ
Compare and contrast key facts about Goldman Sachs International Small Cap Insights Fund (GICIX) and iShares MSCI EAFE Small-Cap ETF (SCZ).
GICIX is managed by Goldman Sachs. It was launched on Sep 27, 2007. SCZ is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Small Cap Index. It was launched on Dec 10, 2007.
Performance
GICIX vs. SCZ - Performance Comparison
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GICIX vs. SCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GICIX Goldman Sachs International Small Cap Insights Fund | -0.43% | 42.83% | 5.57% | 15.11% | -18.53% | 13.03% | 7.69% | 21.59% | -18.80% | 33.05% |
SCZ iShares MSCI EAFE Small-Cap ETF | 1.14% | 32.08% | 1.52% | 12.98% | -21.27% | 10.12% | 11.71% | 24.68% | -17.64% | 32.72% |
Returns By Period
In the year-to-date period, GICIX achieves a -0.43% return, which is significantly lower than SCZ's 1.14% return. Over the past 10 years, GICIX has outperformed SCZ with an annualized return of 8.87%, while SCZ has yielded a comparatively lower 7.69% annualized return.
GICIX
- 1D
- -0.56%
- 1M
- -13.39%
- YTD
- -0.43%
- 6M
- 4.53%
- 1Y
- 33.09%
- 3Y*
- 17.47%
- 5Y*
- 8.24%
- 10Y*
- 8.87%
SCZ
- 1D
- 3.06%
- 1M
- -8.53%
- YTD
- 1.14%
- 6M
- 4.20%
- 1Y
- 27.73%
- 3Y*
- 13.29%
- 5Y*
- 4.46%
- 10Y*
- 7.69%
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GICIX vs. SCZ - Expense Ratio Comparison
GICIX has a 0.87% expense ratio, which is higher than SCZ's 0.40% expense ratio.
Return for Risk
GICIX vs. SCZ — Risk / Return Rank
GICIX
SCZ
GICIX vs. SCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs International Small Cap Insights Fund (GICIX) and iShares MSCI EAFE Small-Cap ETF (SCZ). 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.
| GICIX | SCZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 1.71 | +0.29 |
Sortino ratioReturn per unit of downside risk | 2.50 | 2.31 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.34 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.29 | +0.01 |
Martin ratioReturn relative to average drawdown | 9.49 | 9.00 | +0.49 |
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
| GICIX | SCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.71 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.27 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.44 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.25 | +0.12 |
Correlation
The correlation between GICIX and SCZ is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GICIX vs. SCZ - Dividend Comparison
GICIX's dividend yield for the trailing twelve months is around 8.12%, more than SCZ's 3.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GICIX Goldman Sachs International Small Cap Insights Fund | 8.12% | 8.08% | 4.77% | 3.04% | 3.10% | 3.39% | 1.87% | 3.47% | 1.68% | 8.29% | 2.79% | 1.69% |
SCZ iShares MSCI EAFE Small-Cap ETF | 3.26% | 3.30% | 3.50% | 2.96% | 1.99% | 2.96% | 1.52% | 3.52% | 2.79% | 2.38% | 2.82% | 2.06% |
Drawdowns
GICIX vs. SCZ - Drawdown Comparison
The maximum GICIX drawdown since its inception was -56.71%, smaller than the maximum SCZ drawdown of -61.86%. Use the drawdown chart below to compare losses from any high point for GICIX and SCZ.
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Drawdown Indicators
| GICIX | SCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.71% | -61.86% | +5.15% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -11.43% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -34.53% | -36.87% | +2.34% |
Max Drawdown (10Y)Largest decline over 10 years | -43.84% | -41.07% | -2.77% |
Current DrawdownCurrent decline from peak | -13.39% | -8.53% | -4.86% |
Average DrawdownAverage peak-to-trough decline | -11.00% | -13.17% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.91% | +0.34% |
Volatility
GICIX vs. SCZ - Volatility Comparison
The current volatility for Goldman Sachs International Small Cap Insights Fund (GICIX) is 6.79%, while iShares MSCI EAFE Small-Cap ETF (SCZ) has a volatility of 7.37%. This indicates that GICIX experiences smaller price fluctuations and is considered to be less risky than SCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GICIX | SCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 7.37% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 10.71% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.11% | 16.38% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 16.62% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 17.35% | -0.70% |