GIDHX vs. MENYX
GIDHX (Goldman Sachs International Equity Dividend and Premium Fund) and MENYX (Madison Covered Call & Equity Income Fund) are both Derivative Income funds. Over the past 10 years, GIDHX returned 7.34%/yr vs 7.91%/yr for MENYX. A 0.69 correlation means they provide meaningful diversification when combined. GIDHX charges 0.89%/yr vs 1.01%/yr for MENYX.
Performance
GIDHX vs. MENYX - Performance Comparison
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Returns By Period
In the year-to-date period, GIDHX achieves a 9.38% return, which is significantly higher than MENYX's 1.48% return. Over the past 10 years, GIDHX has underperformed MENYX with an annualized return of 7.34%, while MENYX has yielded a comparatively higher 7.91% annualized return.
GIDHX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 9.38%
- 6M
- 8.74%
- 1Y
- 20.74%
- 3Y*
- 14.40%
- 5Y*
- 7.22%
- 10Y*
- 7.34%
MENYX
- 1D
- -0.11%
- 1M
- -5.35%
- YTD
- 1.48%
- 6M
- 1.84%
- 1Y
- 7.99%
- 3Y*
- 5.46%
- 5Y*
- 5.51%
- 10Y*
- 7.91%
GIDHX vs. MENYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIDHX Goldman Sachs International Equity Dividend and Premium Fund | 9.38% | 28.92% | -2.17% | 16.16% | -13.41% | 9.36% | 1.20% | 14.82% | -12.96% | 23.84% |
MENYX Madison Covered Call & Equity Income Fund | 1.48% | 6.69% | 2.79% | 10.66% | 5.06% | 18.71% | 12.65% | 15.76% | -6.01% | 7.57% |
Correlation
The correlation between GIDHX and MENYX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2009 | 0.69 |
Over the past year, the correlation between GIDHX and MENYX has dropped to 0.40 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
GIDHX vs. MENYX — Risk / Return Rank
GIDHX
MENYX
GIDHX vs. MENYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs International Equity Dividend and Premium Fund (GIDHX) and Madison Covered Call & Equity Income Fund (MENYX). 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.
| GIDHX | MENYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.16 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 1.29 | +1.40 |
| Martin ratioReturn relative to average drawdown | 10.66 | 4.84 | +5.82 |
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Drawdowns
GIDHX vs. MENYX - Drawdown Comparison
The maximum GIDHX drawdown since its inception was -36.19%, which is greater than MENYX's maximum drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for GIDHX and MENYX.
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Drawdown Indicators
| GIDHX | MENYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.19% | -28.38% | -7.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -6.31% | -1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -12.88% | -16.14% | +3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -28.46% | -16.14% | -12.32% |
Max Drawdown (10Y)Largest decline over 10 years | -36.19% | -28.38% | -7.81% |
Current DrawdownCurrent decline from peak | -1.38% | -6.31% | +4.93% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -2.50% | -5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.68% | +0.36% |
Volatility
GIDHX vs. MENYX - Volatility Comparison
Goldman Sachs International Equity Dividend and Premium Fund (GIDHX) has a higher volatility of 4.10% compared to Madison Covered Call & Equity Income Fund (MENYX) at 2.64%. This indicates that GIDHX's price experiences larger fluctuations and is considered to be riskier than MENYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIDHX | MENYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 2.64% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 7.08% | +4.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 9.32% | +4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 11.45% | +3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 13.47% | +1.92% |
GIDHX vs. MENYX - Expense Ratio Comparison
GIDHX has a 0.89% expense ratio, which is lower than MENYX's 1.01% expense ratio.
Dividends
GIDHX vs. MENYX - Dividend Comparison
GIDHX's dividend yield for the trailing twelve months is around 2.66%, less than MENYX's 8.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIDHX Goldman Sachs International Equity Dividend and Premium Fund | 2.66% | 2.58% | 3.27% | 3.56% | 0.58% | 3.09% | 2.65% | 3.24% | 3.42% | 2.54% | 3.08% | 4.13% |
MENYX Madison Covered Call & Equity Income Fund | 8.52% | 8.52% | 7.83% | 7.71% | 6.98% | 6.48% | 6.34% | 7.07% | 9.82% | 7.64% | 6.74% | 7.48% |
Frequently Asked Questions
GIDHX and MENYX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIDHX has higher volatility (4.10%) compared to MENYX (2.64%). In terms of maximum drawdown, GIDHX dropped -36.19% vs MENYX's -28.38%.
GIDHX currently has the higher Sharpe Ratio (1.62 vs 0.88), 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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