GSDIX vs. GMCDX
GSDIX (Goldman Sachs Emerging Markets Debt Fund) and GMCDX (GMO Emerging Country Debt Fund) are both Emerging Markets Bonds funds. Over the past 10 years, GSDIX returned 2.84%/yr vs 7.35%/yr for GMCDX. Their correlation of 0.81 means they have usually moved in the same direction. GSDIX charges 0.86%/yr vs 0.53%/yr for GMCDX.
Performance
GSDIX vs. GMCDX - Performance Comparison
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Returns By Period
In the year-to-date period, GSDIX achieves a 1.66% return, which is significantly lower than GMCDX's 8.12% return. Over the past 10 years, GSDIX has underperformed GMCDX with an annualized return of 2.84%, while GMCDX has yielded a comparatively higher 7.35% annualized return.
GSDIX
- 1D
- -0.29%
- 1M
- -1.73%
- 6M
- 0.61%
- YTD
- 1.66%
- 1Y
- 9.03%
- 3Y*
- 9.13%
- 5Y*
- 2.03%
- 10Y*
- 2.84%
- ALL TIME*
- 5.96%
GMCDX
- 1D
- -0.41%
- 1M
- -1.06%
- 6M
- 4.10%
- YTD
- 8.12%
- 1Y
- 19.70%
- 3Y*
- 17.38%
- 5Y*
- 9.30%
- 10Y*
- 7.35%
- ALL TIME*
- 4.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GSDIX vs. GMCDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSDIX Goldman Sachs Emerging Markets Debt Fund | 1.66% | 14.46% | 5.88% | 12.61% | -18.92% | -3.05% | 7.60% | 13.83% | -7.49% | 9.33% |
GMCDX GMO Emerging Country Debt Fund | 8.12% | 22.34% | 13.39% | 17.63% | -16.30% | 6.56% | 7.25% | 14.28% | -5.89% | 12.49% |
Correlation
The correlation between GSDIX and GMCDX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2004 | 0.81 |
The correlation between GSDIX and GMCDX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
GSDIX vs. GMCDX — Risk / Return Rank
GSDIX
GMCDX
GSDIX vs. GMCDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Emerging Markets Debt Fund (GSDIX) and GMO Emerging Country Debt Fund (GMCDX). 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.
| GSDIX | GMCDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.38 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.89 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 5.14 | -2.96 |
| Martin ratioReturn relative to average drawdown | 9.36 | 21.50 | -12.15 |
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Drawdowns
GSDIX vs. GMCDX - Drawdown Comparison
The maximum GSDIX drawdown since its inception was -34.56%, smaller than the maximum GMCDX drawdown of -68.24%. Use the drawdown chart below to compare losses from any high point for GSDIX and GMCDX.
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Drawdown Indicators
| GSDIX | GMCDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.56% | -68.24% | +33.68% |
Max Drawdown (1Y)Largest decline over 1 year | -4.47% | -3.85% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -9.00% | +3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -31.65% | -26.02% | -5.63% |
Max Drawdown (10Y)Largest decline over 10 years | -31.65% | -26.02% | -5.63% |
Current DrawdownCurrent decline from peak | -1.94% | -1.46% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -17.57% | +12.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.92% | +0.12% |
Volatility
GSDIX vs. GMCDX - Volatility Comparison
The current volatility for Goldman Sachs Emerging Markets Debt Fund (GSDIX) is 0.91%, while GMO Emerging Country Debt Fund (GMCDX) has a volatility of 0.99%. This indicates that GSDIX experiences smaller price fluctuations and is considered to be less risky than GMCDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSDIX | GMCDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.99% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.97% | 4.00% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.78% | 5.29% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.30% | 11.22% | -3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.26% | 9.30% | -2.04% |
GSDIX vs. GMCDX - Expense Ratio Comparison
GSDIX has a 0.86% expense ratio, which is higher than GMCDX's 0.53% expense ratio.
Dividends
GSDIX vs. GMCDX - Dividend Comparison
GSDIX's dividend yield for the trailing twelve months is around 5.08%, more than GMCDX's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMCDX GMO Emerging Country Debt Fund | 4.52% | 6.27% | 6.88% | 10.26% | 13.73% | 17.75% | 9.66% | 6.60% | 7.76% | 7.06% | 6.00% | 2.50% |
GSDIX Goldman Sachs Emerging Markets Debt Fund | 5.08% | 5.62% | 4.66% | 4.83% | 9.31% | 4.00% | 3.69% | 4.41% | 4.78% | 4.87% | 5.25% | 5.34% |
Frequently Asked Questions
GSDIX and GMCDX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMCDX has higher volatility (0.99%) compared to GSDIX (0.91%). In terms of maximum drawdown, GSDIX dropped -34.56% vs GMCDX's -68.24%.
GMCDX currently has the higher Sharpe Ratio (3.74 vs 2.04), 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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