GSIKX vs. GSIFX

Last updated Jun 26, 2026

GSIKX (Goldman Sachs International Equity Income Fund) and GSIFX (Goldman Sachs International Equity ESG Fund Class A) are both Foreign Large Cap Equities funds from Goldman Sachs. Over the past 10 years, GSIKX returned 11.69%/yr vs 10.12%/yr for GSIFX. With a 0.96 correlation, they move nearly in lockstep. GSIKX charges 0.85%/yr vs 1.35%/yr for GSIFX.

Performance

GSIKX vs. GSIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs International Equity Income Fund (GSIKX) 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, GSIKX achieves a 10.87% return, which is significantly higher than GSIFX's 6.05% return. Over the past 10 years, GSIKX has outperformed GSIFX with an annualized return of 11.69%, while GSIFX has yielded a comparatively lower 10.12% annualized return.

GSIKX

• 1D: -0.12%
• 1M: -0.04%
• YTD: 10.87%
• 6M: 10.87%
• 1Y: 27.63%
• 3Y*: 20.17%
• 5Y*: 12.38%
• 10Y*: 11.69%

GSIFX

• 1D: 0.27%
• 1M: -0.87%
• YTD: 6.05%
• 6M: 5.49%
• 1Y: 13.10%
• 3Y*: 11.67%
• 5Y*: 6.04%
• 10Y*: 10.12%

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

GSIKX vs. GSIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSIKX Goldman Sachs International Equity Income Fund	10.87%	34.30%	8.81%	17.60%	-7.93%	13.66%	2.59%	26.92%	-12.12%	26.53%
GSIFX Goldman Sachs International Equity ESG Fund Class A	6.05%	25.51%	0.33%	15.44%	-17.69%	16.23%	22.89%	27.68%	-14.85%	25.29%

Correlation

The correlation between GSIKX and GSIFX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008	0.96

The correlation between GSIKX and GSIFX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

GSIKX vs. GSIFX — Risk / Return Rank

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

GSIKX

GSIKX Risk / Return Rank: 54
GSIKX Sharpe Ratio Rank: 60
GSIKX Sortino Ratio Rank: 55
GSIKX Omega Ratio Rank: 55
GSIKX Calmar Ratio Rank: 53
GSIKX Martin Ratio Rank: 49

GSIFX

GSIFX Risk / Return Rank: 14
GSIFX Sharpe Ratio Rank: 13
GSIFX Sortino Ratio Rank: 13
GSIFX Omega Ratio Rank: 12
GSIFX Calmar Ratio Rank: 13
GSIFX Martin Ratio Rank: 18

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.

GSIKX vs. GSIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs International Equity Income Fund (GSIKX) 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.

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.

	GSIKX	GSIFX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	0.78	+1.08
Sortino ratio: Return per unit of downside risk	2.53	1.17	+1.36
Omega ratio: Gain probability vs. loss probability	1.33	1.14	+0.19
Calmar ratio: Return relative to maximum drawdown	2.40	1.01	+1.39
Martin ratio: Return relative to average drawdown	8.61	3.83	+4.78

GSIKX vs. GSIFX - Sharpe Ratio Comparison

The current GSIKX Sharpe Ratio is 1.85, which is higher than the GSIFX Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of GSIKX 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.

Drawdowns

GSIKX vs. GSIFX - Drawdown Comparison

The maximum GSIKX drawdown since its inception was -56.58%, roughly equal to the maximum GSIFX drawdown of -59.25%. Use the drawdown chart below to compare losses from any high point for GSIKX and GSIFX.

Drawdown Indicators

	GSIKX	GSIFX	Difference
Max Drawdown Largest peak-to-trough decline	-56.58%	-59.25%	+2.67%
Max Drawdown (1Y) Largest decline over 1 year	-11.28%	-12.15%	+0.87%
Max Drawdown (3Y) Largest decline over 3 years	-12.11%	-13.83%	+1.72%
Max Drawdown (5Y) Largest decline over 5 years	-25.90%	-31.94%	+6.04%
Max Drawdown (10Y) Largest decline over 10 years	-34.47%	-35.00%	+0.53%
Current Drawdown Current decline from peak	-1.63%	-1.59%	-0.04%
Average Drawdown Average peak-to-trough decline	-11.79%	-15.20%	+3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	3.17%	-0.04%

Volatility

GSIKX vs. GSIFX - Volatility Comparison

The current volatility for Goldman Sachs International Equity Income Fund (GSIKX) is 4.31%, while Goldman Sachs International Equity ESG Fund Class A (GSIFX) has a volatility of 4.63%. This indicates that GSIKX 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

	GSIKX	GSIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	4.63%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	12.18%	12.89%	-0.71%
Volatility (1Y) Calculated over the trailing 1-year period	14.65%	15.82%	-1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.72%	16.99%	-2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.85%	17.16%	-1.31%

GSIKX vs. GSIFX - Expense Ratio Comparison

GSIKX has a 0.85% expense ratio, which is lower than GSIFX's 1.35% expense ratio.

Dividends

GSIKX vs. GSIFX - Dividend Comparison

GSIKX's dividend yield for the trailing twelve months is around 3.54%, more than GSIFX's 2.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSIFX Goldman Sachs International Equity ESG Fund Class A	2.06%	2.18%	2.30%	1.37%	0.82%	6.29%	0.00%	1.67%	1.45%	1.25%	2.79%	1.16%
GSIKX Goldman Sachs International Equity Income Fund	3.54%	3.93%	3.23%	2.78%	0.64%	2.90%	1.96%	2.85%	14.89%	1.73%	2.35%	1.14%

Frequently Asked Questions

Can I hold both GSIKX and GSIFX in my portfolio?

With a correlation of 0.93, GSIKX and GSIFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GSIKX or GSIFX?

GSIFX has higher volatility (4.63%) compared to GSIKX (4.31%). In terms of maximum drawdown, GSIKX dropped -56.58% vs GSIFX's -59.25%.

Which has better risk-adjusted returns?

GSIKX currently has the higher Sharpe Ratio (1.85 vs 0.78), 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.