GIDGX vs. GICIX

Last updated Jun 24, 2026

GIDGX (Goldman Sachs Enhanced Dividend Global Equity Portfolio) and GICIX (Goldman Sachs International Small Cap Insights Fund) are both mutual funds - GIDGX is a Global Equities fund managed by Goldman Sachs, while GICIX is a Foreign Small & Mid Cap Equities fund managed by Goldman Sachs. Over the past 10 years, GIDGX returned 11.22%/yr vs 10.83%/yr for GICIX. Their correlation of 0.81 suggests significant overlap in exposure. GIDGX charges 0.17%/yr vs 0.87%/yr for GICIX.

Performance

GIDGX vs. GICIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Enhanced Dividend Global Equity Portfolio (GIDGX) and Goldman Sachs International Small Cap Insights Fund (GICIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GIDGX achieves a 11.86% return, which is significantly lower than GICIX's 14.59% return. Both investments have delivered pretty close results over the past 10 years, with GIDGX having a 11.22% annualized return and GICIX not far behind at 10.83%.

GIDGX

• 1D: 0.00%
• 1M: 1.78%
• YTD: 11.86%
• 6M: 11.14%
• 1Y: 24.70%
• 3Y*: 19.01%
• 5Y*: 11.14%
• 10Y*: 11.22%

GICIX

• 1D: 0.00%
• 1M: 1.26%
• YTD: 14.59%
• 6M: 13.81%
• 1Y: 34.84%
• 3Y*: 24.00%
• 5Y*: 10.25%
• 10Y*: 10.83%

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

GIDGX vs. GICIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GIDGX Goldman Sachs Enhanced Dividend Global Equity Portfolio	11.86%	15.74%	20.59%	17.92%	-12.75%	18.46%	8.41%	19.97%	-8.26%	15.18%
GICIX Goldman Sachs International Small Cap Insights Fund	14.59%	42.83%	5.57%	15.11%	-18.53%	13.03%	7.69%	21.59%	-18.80%	33.05%

Correlation

The correlation between GIDGX and GICIX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009	0.81

The correlation between GIDGX and GICIX has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.

Return for Risk

GIDGX vs. GICIX — Risk / Return Rank

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

GIDGX

GIDGX Risk / Return Rank: 84
GIDGX Sharpe Ratio Rank: 85
GIDGX Sortino Ratio Rank: 81
GIDGX Omega Ratio Rank: 81
GIDGX Calmar Ratio Rank: 82
GIDGX Martin Ratio Rank: 91

GICIX

GICIX Risk / Return Rank: 64
GICIX Sharpe Ratio Rank: 75
GICIX Sortino Ratio Rank: 71
GICIX Omega Ratio Rank: 70
GICIX Calmar Ratio Rank: 54
GICIX Martin Ratio Rank: 52

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.

GIDGX vs. GICIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Enhanced Dividend Global Equity Portfolio (GIDGX) and Goldman Sachs International Small Cap Insights Fund (GICIX). 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.

	GIDGX	GICIX	Difference
Sharpe ratio: Return per unit of total volatility	2.55	2.32	+0.23
Sortino ratio: Return per unit of downside risk	3.55	3.18	+0.37
Omega ratio: Gain probability vs. loss probability	1.49	1.43	+0.06
Calmar ratio: Return relative to maximum drawdown	3.62	2.70	+0.92
Martin ratio: Return relative to average drawdown	17.04	10.01	+7.03

GIDGX vs. GICIX - Sharpe Ratio Comparison

The current GIDGX Sharpe Ratio is 2.55, which is comparable to the GICIX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of GIDGX and GICIX, 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

GIDGX vs. GICIX - Drawdown Comparison

The maximum GIDGX drawdown since its inception was -31.63%, smaller than the maximum GICIX drawdown of -56.71%. Use the drawdown chart below to compare losses from any high point for GIDGX and GICIX.

Drawdown Indicators

	GIDGX	GICIX	Difference
Max Drawdown Largest peak-to-trough decline	-31.63%	-56.71%	+25.08%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-13.39%	+6.25%
Max Drawdown (3Y) Largest decline over 3 years	-14.69%	-13.39%	-1.30%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	-34.53%	+14.14%
Max Drawdown (10Y) Largest decline over 10 years	-31.63%	-43.84%	+12.21%
Current Drawdown Current decline from peak	0.00%	-0.86%	+0.86%
Average Drawdown Average peak-to-trough decline	-3.86%	-10.91%	+7.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	3.59%	-2.08%

Volatility

GIDGX vs. GICIX - Volatility Comparison

The current volatility for Goldman Sachs Enhanced Dividend Global Equity Portfolio (GIDGX) is 3.72%, while Goldman Sachs International Small Cap Insights Fund (GICIX) has a volatility of 4.90%. This indicates that GIDGX experiences smaller price fluctuations and is considered to be less risky than GICIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIDGX	GICIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	4.90%	-1.18%
Volatility (6M) Calculated over the trailing 6-month period	8.35%	13.18%	-4.83%
Volatility (1Y) Calculated over the trailing 1-year period	10.15%	15.61%	-5.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.05%	16.59%	-3.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.18%	16.77%	-2.59%

GIDGX vs. GICIX - Expense Ratio Comparison

GIDGX has a 0.17% expense ratio, which is lower than GICIX's 0.87% expense ratio.

Dividends

GIDGX vs. GICIX - Dividend Comparison

GIDGX's dividend yield for the trailing twelve months is around 5.52%, less than GICIX's 7.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GICIX Goldman Sachs International Small Cap Insights Fund	7.06%	8.08%	4.77%	3.04%	3.10%	3.39%	1.87%	3.47%	1.68%	8.29%	2.79%	1.69%
GIDGX Goldman Sachs Enhanced Dividend Global Equity Portfolio	5.52%	5.92%	12.06%	4.32%	8.89%	8.41%	1.99%	4.85%	5.67%	3.35%	2.97%	3.21%

Frequently Asked Questions

Can I hold both GIDGX and GICIX in my portfolio?

GIDGX and GICIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GIDGX or GICIX?

GICIX has higher volatility (4.90%) compared to GIDGX (3.72%). In terms of maximum drawdown, GIDGX dropped -31.63% vs GICIX's -56.71%.

Which has better risk-adjusted returns?

GIDGX currently has the higher Sharpe Ratio (2.55 vs 2.32), 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.