GSGIX vs. VTIBX

Last updated Jun 3, 2026

GSGIX (Goldman Sachs Global Core Fixed Income Fund) and VTIBX (Vanguard Total International Bond Index Fund) are both Global Bonds funds. Over the past 10 years, GSGIX returned 1.71%/yr vs 1.69%/yr for VTIBX. Their correlation of 0.81 suggests significant overlap in exposure. GSGIX charges 0.91%/yr vs 0.13%/yr for VTIBX.

Performance

GSGIX vs. VTIBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Global Core Fixed Income Fund (GSGIX) and Vanguard Total International Bond Index Fund (VTIBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSGIX achieves a 0.14% return, which is significantly lower than VTIBX's 0.50% return. Both investments have delivered pretty close results over the past 10 years, with GSGIX having a 1.71% annualized return and VTIBX not far behind at 1.69%.

GSGIX

• 1D: -0.18%
• 1M: 0.45%
• YTD: 0.14%
• 6M: 0.38%
• 1Y: 3.68%
• 3Y*: 3.42%
• 5Y*: -0.08%
• 10Y*: 1.71%

VTIBX

• 1D: -0.18%
• 1M: 0.65%
• YTD: 0.50%
• 6M: 0.54%
• 1Y: 2.13%
• 3Y*: 4.09%
• 5Y*: 0.39%
• 10Y*: 1.69%

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

GSGIX vs. VTIBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSGIX Goldman Sachs Global Core Fixed Income Fund	0.14%	5.09%	0.86%	7.66%	-12.98%	-2.59%	8.90%	10.17%	-0.12%	2.43%
VTIBX Vanguard Total International Bond Index Fund	0.50%	2.98%	3.84%	8.86%	-12.97%	-2.27%	4.56%	7.76%	3.00%	2.31%

Correlation

The correlation between GSGIX and VTIBX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jun 5, 2013	0.81

The correlation between GSGIX and VTIBX has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.

Return for Risk

GSGIX vs. VTIBX — Risk / Return Rank

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

GSGIX

GSGIX Risk / Return Rank: 14
GSGIX Sharpe Ratio Rank: 15
GSGIX Sortino Ratio Rank: 15
GSGIX Omega Ratio Rank: 15
GSGIX Calmar Ratio Rank: 14
GSGIX Martin Ratio Rank: 13

VTIBX

VTIBX Risk / Return Rank: 7
VTIBX Sharpe Ratio Rank: 8
VTIBX Sortino Ratio Rank: 7
VTIBX Omega Ratio Rank: 7
VTIBX Calmar Ratio Rank: 7
VTIBX Martin Ratio Rank: 7

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.

GSGIX vs. VTIBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Global Core Fixed Income Fund (GSGIX) and Vanguard Total International Bond Index Fund (VTIBX). 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.

	GSGIX	VTIBX	Difference
Sharpe ratio Return per unit of total volatility	1.11	0.65	+0.46
Sortino ratio Return per unit of downside risk	1.62	0.94	+0.68
Omega ratio Gain probability vs. loss probability	1.20	1.12	+0.08
Calmar ratio Return relative to maximum drawdown	1.33	0.72	+0.61
Martin ratio Return relative to average drawdown	3.92	2.04	+1.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSGIX vs. VTIBX - Sharpe Ratio Comparison

The current GSGIX Sharpe Ratio is 1.11, which is higher than the VTIBX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of GSGIX and VTIBX, 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

	GSGIX	VTIBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	0.65	+0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	0.09	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.46	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	0.70	+0.47

Drawdowns

GSGIX vs. VTIBX - Drawdown Comparison

The maximum GSGIX drawdown since its inception was -19.90%, which is greater than VTIBX's maximum drawdown of -16.15%. Use the drawdown chart below to compare losses from any high point for GSGIX and VTIBX.

Drawdown Indicators

	GSGIX	VTIBX	Difference
Max Drawdown Largest peak-to-trough decline	-19.90%	-16.15%	-3.75%
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	-2.95%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-4.49%	-2.95%	-1.54%
Max Drawdown (5Y) Largest decline over 5 years	-17.27%	-15.81%	-1.46%
Max Drawdown (10Y) Largest decline over 10 years	-19.90%	-16.15%	-3.75%
Current Drawdown Current decline from peak	-5.19%	-1.36%	-3.83%
Average Drawdown Average peak-to-trough decline	-2.70%	-3.07%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	1.05%	+0.03%

Volatility

GSGIX vs. VTIBX - Volatility Comparison

The current volatility for Goldman Sachs Global Core Fixed Income Fund (GSGIX) is 1.31%, while Vanguard Total International Bond Index Fund (VTIBX) has a volatility of 1.42%. This indicates that GSGIX experiences smaller price fluctuations and is considered to be less risky than VTIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSGIX	VTIBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	1.42%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	2.63%	2.63%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	3.26%	3.13%	+0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.66%	4.49%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.12%	3.66%	+0.46%

GSGIX vs. VTIBX - Expense Ratio Comparison

GSGIX has a 0.91% expense ratio, which is higher than VTIBX's 0.13% expense ratio.

Dividends

GSGIX vs. VTIBX - Dividend Comparison

GSGIX's dividend yield for the trailing twelve months is around 3.01%, less than VTIBX's 4.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSGIX Goldman Sachs Global Core Fixed Income Fund	3.01%	3.01%	2.64%	2.12%	1.60%	1.32%	5.04%	4.13%	1.28%	1.74%	1.40%	5.97%
VTIBX Vanguard Total International Bond Index Fund	4.43%	4.33%	4.31%	4.37%	1.41%	3.68%	1.06%	3.36%	2.98%	2.21%	1.76%	1.61%

Frequently Asked Questions

Can I hold both GSGIX and VTIBX in my portfolio?

GSGIX and VTIBX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSGIX or VTIBX?

VTIBX has higher volatility (1.42%) compared to GSGIX (1.31%). In terms of maximum drawdown, GSGIX dropped -19.90% vs VTIBX's -16.15%.

Which has better risk-adjusted returns?

GSGIX currently has the higher Sharpe Ratio (1.11 vs 0.65), 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.