GSDIX vs. GSIFX

Last updated Jun 4, 2026

GSDIX (Goldman Sachs Emerging Markets Debt Fund) and GSIFX (Goldman Sachs International Equity ESG Fund Class A) are both mutual funds - GSDIX is a Emerging Markets Bonds fund managed by Goldman Sachs, while GSIFX is a Foreign Large Cap Equities fund managed by Goldman Sachs. Over the past 10 years, GSDIX returned 3.43%/yr vs 9.42%/yr for GSIFX. At a 0.37 correlation, their price movements are largely independent. GSDIX charges 0.86%/yr vs 1.35%/yr for GSIFX.

Performance

GSDIX vs. GSIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Emerging Markets Debt Fund (GSDIX) and Goldman Sachs International Equity ESG Fund Class A (GSIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSDIX achieves a 3.07% return, which is significantly lower than GSIFX's 6.83% return. Over the past 10 years, GSDIX has underperformed GSIFX with an annualized return of 3.43%, while GSIFX has yielded a comparatively higher 9.42% annualized return.

GSDIX

• 1D: 0.19%
• 1M: 1.13%
• YTD: 3.07%
• 6M: 3.64%
• 1Y: 14.83%
• 3Y*: 11.54%
• 5Y*: 2.52%
• 10Y*: 3.43%

GSIFX

• 1D: 0.50%
• 1M: 4.77%
• YTD: 6.83%
• 6M: 9.07%
• 1Y: 13.85%
• 3Y*: 11.56%
• 5Y*: 6.27%
• 10Y*: 9.42%

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

GSDIX vs. GSIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSDIX Goldman Sachs Emerging Markets Debt Fund	3.07%	14.46%	5.88%	12.61%	-18.92%	-3.05%	7.60%	13.83%	-7.49%	9.33%
GSIFX Goldman Sachs International Equity ESG Fund Class A	6.83%	25.51%	0.33%	15.44%	-17.69%	16.23%	22.89%	27.68%	-14.85%	25.29%

Correlation

The correlation between GSDIX and GSIFX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jan 5, 2004	0.37

Return for Risk

GSDIX vs. GSIFX — Risk / Return Rank

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

GSDIX

GSDIX Risk / Return Rank: 87
GSDIX Sharpe Ratio Rank: 93
GSDIX Sortino Ratio Rank: 95
GSDIX Omega Ratio Rank: 91
GSDIX Calmar Ratio Rank: 76
GSDIX Martin Ratio Rank: 82

GSIFX

GSIFX Risk / Return Rank: 12
GSIFX Sharpe Ratio Rank: 11
GSIFX Sortino Ratio Rank: 11
GSIFX Omega Ratio Rank: 11
GSIFX Calmar Ratio Rank: 11
GSIFX Martin Ratio Rank: 15

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.

GSDIX vs. GSIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Emerging Markets Debt Fund (GSDIX) and Goldman Sachs International Equity ESG Fund Class A (GSIFX). 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.

	GSDIX	GSIFX	Difference
Sharpe ratio: Return per unit of total volatility	3.21	0.88	+2.33
Sortino ratio: Return per unit of downside risk	5.14	1.31	+3.84
Omega ratio: Gain probability vs. loss probability	1.68	1.16	+0.52
Calmar ratio: Return relative to maximum drawdown	3.43	1.11	+2.32
Martin ratio: Return relative to average drawdown	15.31	4.24	+11.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSDIX vs. GSIFX - Sharpe Ratio Comparison

The current GSDIX Sharpe Ratio is 3.21, which is higher than the GSIFX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of GSDIX and GSIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSDIX	GSIFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.21	0.88	+2.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.37	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.54	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.32	+0.53

Drawdowns

GSDIX vs. GSIFX - Drawdown Comparison

The maximum GSDIX drawdown since its inception was -34.56%, smaller than the maximum GSIFX drawdown of -59.25%. Use the drawdown chart below to compare losses from any high point for GSDIX and GSIFX.

Drawdown Indicators

	GSDIX	GSIFX	Difference
Max Drawdown Largest peak-to-trough decline	-34.56%	-59.25%	+24.69%
Max Drawdown (1Y) Largest decline over 1 year	-4.47%	-12.15%	+7.68%
Max Drawdown (3Y) Largest decline over 3 years	-6.30%	-13.83%	+7.53%
Max Drawdown (5Y) Largest decline over 5 years	-31.65%	-31.94%	+0.29%
Max Drawdown (10Y) Largest decline over 10 years	-31.65%	-35.00%	+3.35%
Current Drawdown Current decline from peak	0.00%	-0.15%	+0.15%
Average Drawdown Average peak-to-trough decline	-4.67%	-15.23%	+10.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	3.18%	-2.18%

Volatility

GSDIX vs. GSIFX - Volatility Comparison

The current volatility for Goldman Sachs Emerging Markets Debt Fund (GSDIX) is 1.71%, while Goldman Sachs International Equity ESG Fund Class A (GSIFX) has a volatility of 4.89%. This indicates that GSDIX experiences smaller price fluctuations and is considered to be less risky than GSIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSDIX	GSIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.71%	4.89%	-3.18%
Volatility (6M) Calculated over the trailing 6-month period	3.95%	12.38%	-8.43%
Volatility (1Y) Calculated over the trailing 1-year period	4.78%	15.46%	-10.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.29%	16.93%	-9.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.27%	17.40%	-10.13%

GSDIX vs. GSIFX - Expense Ratio Comparison

GSDIX has a 0.86% expense ratio, which is lower than GSIFX's 1.35% expense ratio.

Dividends

GSDIX vs. GSIFX - Dividend Comparison

GSDIX's dividend yield for the trailing twelve months is around 5.41%, more than GSIFX's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSDIX Goldman Sachs Emerging Markets Debt Fund	5.41%	5.62%	4.66%	4.83%	9.31%	4.00%	3.69%	4.41%	4.78%	4.87%	5.25%	5.34%
GSIFX Goldman Sachs International Equity ESG Fund Class A	2.04%	2.18%	2.30%	1.37%	0.82%	6.29%	0.00%	1.67%	1.45%	1.25%	2.79%	1.16%

Frequently Asked Questions

Can I hold both GSDIX and GSIFX in my portfolio?

GSDIX and GSIFX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSDIX or GSIFX?

GSIFX has higher volatility (4.89%) compared to GSDIX (1.71%). In terms of maximum drawdown, GSDIX dropped -34.56% vs GSIFX's -59.25%.

Which has better risk-adjusted returns?

GSDIX currently has the higher Sharpe Ratio (3.21 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.