GSGIX vs. VTIIX

Last updated Aug 1, 2026

GSGIX (Goldman Sachs Global Core Fixed Income Fund) and VTIIX (Vanguard Total International Bond II Index Fund Investor Class) are both Global Bonds funds. Over the past 5 years, GSGIX returned -0.48%/yr vs -0.10%/yr for VTIIX. Their correlation of 0.86 means they have usually moved in the same direction. GSGIX charges 0.91%/yr vs 0.11%/yr for VTIIX.

Performance

GSGIX vs. VTIIX - 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 II Index Fund Investor Class (VTIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSGIX achieves a -0.38% return, which is significantly lower than VTIIX's 0.20% return.

GSGIX

• 1D: 0.18%
• 1M: -1.05%
• 6M: -0.62%
• YTD: -0.38%
• 1Y: 1.81%
• 3Y*: 3.17%
• 5Y*: -0.48%
• 10Y*: 1.49%
• ALL TIME*: 4.16%

VTIIX

• 1D: 0.00%
• 1M: -0.80%
• 6M: -0.25%
• YTD: 0.20%
• 1Y: 1.22%
• 3Y*: 3.89%
• 5Y*: -0.10%
• 10Y*: —
• ALL TIME*: 0.14%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GSGIX Goldman Sachs Global Core Fixed Income Fund	$0.00	$0.00	$0.00
VTIIX Vanguard Total International Bond II Index Fund Investor Class	$0.00	$0.00	$0.00

GSGIX vs. VTIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GSGIX Goldman Sachs Global Core Fixed Income Fund	-0.38%	5.09%	0.86%	7.66%	-12.98%	0.22%
VTIIX Vanguard Total International Bond II Index Fund Investor Class	0.20%	2.95%	3.82%	8.72%	-13.03%	-0.52%

Correlation

The correlation between GSGIX and VTIIX is 0.81, 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.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (All Time) Calculated using the full available price history since Mar 2, 2021	0.86

The correlation between GSGIX and VTIIX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

Return for Risk

GSGIX vs. VTIIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GSGIX

GSGIX Risk / Return Rank: 17
GSGIX Sharpe Ratio Rank: 20
GSGIX Sortino Ratio Rank: 18
GSGIX Omega Ratio Rank: 18
GSGIX Calmar Ratio Rank: 15
GSGIX Martin Ratio Rank: 14

VTIIX

VTIIX Risk / Return Rank: 10
VTIIX Sharpe Ratio Rank: 11
VTIIX Sortino Ratio Rank: 10
VTIIX Omega Ratio Rank: 10
VTIIX Calmar Ratio Rank: 10
VTIIX Martin Ratio Rank: 9

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GSGIX vs. VTIIX - 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 II Index Fund Investor Class (VTIIX). 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.

	GSGIX	VTIIX	Difference
Sharpe ratio: Return per unit of total volatility	0.76	0.41	+0.35
Sortino ratio: Return per unit of downside risk	1.10	0.61	+0.49
Omega ratio: Gain probability vs. loss probability	1.13	1.07	+0.06
Calmar ratio: Return relative to maximum drawdown	0.79	0.45	+0.34
Martin ratio: Return relative to average drawdown	2.04	1.14	+0.90

GSGIX vs. VTIIX - Sharpe Ratio Comparison

The current GSGIX Sharpe Ratio is 0.76, which is higher than the VTIIX Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of GSGIX and VTIIX, 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

GSGIX vs. VTIIX - Drawdown Comparison

The maximum GSGIX drawdown since its inception was -19.90%, which is greater than VTIIX's maximum drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for GSGIX and VTIIX.

Drawdown Indicators

	GSGIX	VTIIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.90%	-15.95%	-3.95%
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	-2.94%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	-4.49%	-2.94%	-1.55%
Max Drawdown (5Y) Largest decline over 5 years	-17.27%	-15.95%	-1.32%
Max Drawdown (10Y) Largest decline over 10 years	-19.90%	—	—
Current Drawdown Current decline from peak	-5.69%	-1.70%	-3.99%
Average Drawdown Average peak-to-trough decline	-2.71%	-5.90%	+3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	1.16%	+0.07%

Volatility

GSGIX vs. VTIIX - Volatility Comparison

Goldman Sachs Global Core Fixed Income Fund (GSGIX) has a higher volatility of 0.92% compared to Vanguard Total International Bond II Index Fund Investor Class (VTIIX) at 0.81%. This indicates that GSGIX's price experiences larger fluctuations and is considered to be riskier than VTIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSGIX	VTIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	0.81%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	2.78%	2.77%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	3.31%	3.23%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.68%	4.55%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.12%	4.41%	-0.29%

GSGIX vs. VTIIX - Expense Ratio Comparison

GSGIX has a 0.91% expense ratio, which is higher than VTIIX's 0.11% expense ratio.

Dividends

GSGIX vs. VTIIX - Dividend Comparison

GSGIX's dividend yield for the trailing twelve months is around 2.80%, less than VTIIX's 4.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSGIX Goldman Sachs Global Core Fixed Income Fund	2.80%	3.01%	2.64%	2.12%	1.60%	1.32%	5.04%	4.13%	1.28%	1.74%	1.40%	5.97%
VTIIX Vanguard Total International Bond II Index Fund Investor Class	4.13%	4.21%	4.46%	4.16%	0.89%	0.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSGIX and VTIIX in my portfolio?

GSGIX and VTIIX have a correlation of 0.81, 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 VTIIX?

GSGIX has higher volatility (0.92%) compared to VTIIX (0.81%). In terms of maximum drawdown, GSGIX dropped -19.90% vs VTIIX's -15.95%.

Which has better risk-adjusted returns?

GSGIX currently has the higher Sharpe Ratio (0.76 vs 0.41), 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.