GSIHX vs. HAWX
Compare and contrast key facts about Goldman Sachs GQG Partners International Opportunities Fund Class A (GSIHX) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX).
GSIHX is managed by Goldman Sachs. It was launched on Dec 15, 2016. HAWX is a passively managed fund by iShares that tracks the performance of the MSCI ACWI ex USA 100% Hedged to USD. It was launched on Jun 29, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSIHX or HAWX.
Key characteristics
| GSIHX | HAWX | |
|---|---|---|
| YTD Return | 11.95% | 16.27% |
| 1Y Return | 24.30% | 23.45% |
| 3Y Return (Ann) | 5.11% | 7.29% |
| 5Y Return (Ann) | 10.31% | 8.98% |
| Sharpe Ratio | 1.84 | 2.20 |
| Sortino Ratio | 2.61 | 2.92 |
| Omega Ratio | 1.32 | 1.40 |
| Calmar Ratio | 3.22 | 2.54 |
| Martin Ratio | 9.56 | 12.41 |
| Ulcer Index | 2.53% | 1.88% |
| Daily Std Dev | 13.13% | 10.61% |
| Max Drawdown | -28.79% | -30.64% |
| Current Drawdown | -7.05% | -0.94% |
Correlation
The correlation between GSIHX and HAWX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GSIHX vs. HAWX - Performance Comparison
In the year-to-date period, GSIHX achieves a 11.95% return, which is significantly lower than HAWX's 16.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GSIHX vs. HAWX - Expense Ratio Comparison
GSIHX has a 1.12% expense ratio, which is higher than HAWX's 0.35% expense ratio.
Risk-Adjusted Performance
GSIHX vs. HAWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs GQG Partners International Opportunities Fund Class A (GSIHX) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX). 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.
Dividends
GSIHX vs. HAWX - Dividend Comparison
GSIHX's dividend yield for the trailing twelve months is around 1.83%, less than HAWX's 2.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSIHX Goldman Sachs GQG Partners International Opportunities Fund Class A | 1.83% | 2.04% | 4.46% | 1.90% | 0.00% | 0.41% | 0.18% | 0.00% | 0.05% | 0.00% |
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.71% | 2.95% | 16.94% | 2.63% | 2.00% | 3.22% | 2.51% | 2.40% | 2.49% | 3.86% |
Drawdowns
GSIHX vs. HAWX - Drawdown Comparison
The maximum GSIHX drawdown since its inception was -28.79%, smaller than the maximum HAWX drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for GSIHX and HAWX. For additional features, visit the drawdowns tool.
Volatility
GSIHX vs. HAWX - Volatility Comparison
The current volatility for Goldman Sachs GQG Partners International Opportunities Fund Class A (GSIHX) is 2.56%, while iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) has a volatility of 3.05%. This indicates that GSIHX experiences smaller price fluctuations and is considered to be less risky than HAWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.